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Shipping Industry News
Agri Port is your go-to source for the latest local and global industry news relevant to the shipping and grain vessel loading industry. Stay up-to-date with current events, new regulations, best practices, and essential industry updates that impact your operations.
From
Reuters
via
gCaptain
Canada’s Davie Sees US Shipyards as Key to Winning Icebreaker Contract
The owner of Canadian firm Davie Shipbuilding said on Wednesday that the key to winning a contract to build icebreakers for the United States is to develop local shipbuilding capacity there.
From
Mike Schuler
via
gCaptain
Davie Shipyard Begins Construction of Canada’s Flagship Polar Max Icebreaker
Davie shipyard has officially commenced construction on Canada’s flagship Polar Max icebreaker, marking a significant milestone in the country’s Arctic capabilities development. The steel cutting ceremony, held today in Lévis,...
From
Reuters
via
gCaptain
Russia Expects India to Keep Buying Its Oil and Seeks China-India-Russia Talks
Russia expects to continue supplying oil to India despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon take place with India and China.
From
Mike Schuler
via
gCaptain
Hurricane Erin Strengthens Near U.S. East Coast, Poses Significant Maritime Threat
Hurricane Erin has intensified to near-major hurricane strength with maximum sustained winds of 110 mph while moving northward through the western Atlantic, the National Hurricane Center reported Wednesday morning. The...
From
Mike Schuler
via
gCaptain
Fire Breaks Out on USS New Orleans Off Okinawa
A U.S. Navy amphibious transport dock ship, USS New Orleans (LPD-18), suffered a fire off the coast of Okinawa, Japan on Wednesday, prompting a coordinated international response from both U.S....
From
Mike Schuler
via
gCaptain
External Firefighters Join Marie Maersk Crew in Battle Against Container Fire Off West Africa
External firefighter crews have joined the Marie Maersk’s crew in actively combating a fire that broke out aboard the vessel one week ago, according to the latest update released today....
From
Bloomberg
via
gCaptain
India’s Nayara Turns to Dark Fleet and Russian Oil for Survival
One month after being hit by European Union sanctions, India’s Nayara Energy Ltd. is relying on a growing pool of dark-fleet tankers to transport its products, and a narrowing menu of crude imports to keep its operations running.
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From
Reuters
via
gCaptain
Germany Confiscates Tanker Belonging to Russian ‘Shadow Fleet’
Germany has confiscated a decrepit tanker found adrift off its northern coast in January that is believed to be part of a shadow fleet used by Russia to circumvent oil sanctions, the Spiegel news magazine reported on Friday, citing security sources.
From
Austin Schroeder
via
Barchart
Wheat Falls on Lackluster Export Business
The wheat complex faced weakness on Thursday following a weak Export Sales report. Chicago SRW futures fell back 6 to 7 cents on the day. Kansas City HRW contracts were down another 7 to 9 cents on the Thursday session. MPLS spring wheat was down 7 cents in the front...
From
Austin Schroeder
via
Barchart
Corn Rallies into the Close
Corn futures closed the Thursday session with contracts up 6 to 7 cents in the front months, as new crop December tagged along, up 1 ½ cents. The CmdtyView national average Cash Corn price was back up 7 1/4 cents at $4.33. Export Sales data from this morning showed 1.497...
From
Austin Schroeder
via
Barchart
Soybeans Closes with Gains on Thursday
The soybean market posted Thursday gains of as little as fractionally in the new crop contracts to 5 cents in some nearbys. CmdtyView’s national front month Cash Bean price was up 5 1/2 cents at $9.52. Soymeal futures posted losses of 60 cents to $1.60/ton, as Soy Oil futures were...
From
Mike Schuler
via
gCaptain
DNV, Shipbuilding Giants Partner on Revolutionary Carbon Capture Technology for Marine Fuel Cells
International classification society DNV has joined forces with HD Korea Shipbuilding and Offshore Engineering (HD KSOE) and HD Hydrogen to develop innovative carbon capture technology for marine applications. The Joint...
From
Chris Swift
via
Barchart
Shootin' the Bull about rolling up put options
I recommend rolling up put options positions if applicable.
From
Mike Schuler
via
gCaptain
NTSB: Baltimore Key Bridge Collapse Risk Was 30 Times Above Acceptable Threshold; 68 Other Bridges Need Assessment
The National Transportation Safety Board (NTSB) revealed today that the Francis Scott Key Bridge, which collapsed following a vessel strike last year, had a risk level nearly 30 times above...
From
Bloomberg
via
gCaptain
Lloyd’s Register Abandoning Modern HQ for Historic Homecoming
Lloyd’s Register, the maritime society formed in a London coffee house in 1760, has put its modern glass headquarters up for sale as it prepares to move back into the property built to house it more than a century ago.
From
Austin Schroeder
via
Barchart
Corn Strength Showing at Midday, with Solid Export Sales
Corn futures are showing 4 to 6 cent gains int eh nearbys on Thursday, as new crop is 1 ½ cents in the green. The CmdtyView national average Cash Corn price was back up 3 1/2 cents at $4.25 1/2. Export Sales data from this morning showed 1.497 MMT in...
From
Austin Schroeder
via
Barchart
Soybeans Higher So Far on Thursday
The soybean market is trading with contracts steady to 4 cents higher so far on Thursday. CmdtyView’s national front month Cash Bean price is up 3 3/4 cents at $9.50 1/2. Soymeal futures are trading with losses of $1/ton, as Soy Oil futures are up 38 points on the day....