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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
Austin Schroeder
via
Barchart
Wheat Falling as USDA Report Marketing Year Low in Export Business
Wheat futures are falling on Thursday with a weaker round of export business on Thursday. Chicago SRW futures are 7 to 9 cents in the red as the market trades through Thursday. Kansas City HRW contracts are falling another 9 to 10 cents so far on Thursday. MPLS spring wheat...
From
Reuters
via
gCaptain
Russia and US to Discuss Black Sea Shipping on Monday
Russian and U.S. experts will discuss ways to ensure the safety of shipping in the Black Sea at talks on a possible Ukrainian peace settlement in Riyadh on Monday, the Kremlin said.
From
Bloomberg
via
gCaptain
CK Hutchison Flags Political Risk as Port Deal Upsets China
CK Hutchison Holdings Ltd. warned of a deteriorating global business environment due to geopolitical and trade tensions, as the Hong Kong conglomerate reported weaker-than-expected profit while a ports sale plan faces uncertainty after infuriating Beijing.
From
Mike Schuler
via
gCaptain
Three Stevedores Killed in Enclosed Space on Bulk Carrier, Highlighting Critical Training Gaps
Three stevedores lost their lives in an enclosed space accident aboard the Isle of Man-registered bulk carrier Berge Mawson at Indonesia’s Bunyu Island anchorage, prompting a comprehensive investigation by the...
From
Mike Schuler
via
gCaptain
U.S. Treasury Sanctions Chinese ‘Teapot’ Refinery and Shadow Fleet in Major Iranian Oil Crackdown
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has launched a sweeping enforcement action targeting a Chinese “teapot” refinery and multiple shipping companies involved in Iranian...
From
Jim Wyckoff
via
Barchart
There Is a Buying Opportunity in July Soybean Meal Futures. Here Are the Price Levels to Watch.
Soybean traders must sense that there is not a lot of downside at present price levels in the meal futures market.
From
Austin Schroeder
via
Barchart
Soybeans Weaker to Start Thursday
The soybean market is weaker to kick off Thursday trade, with losses of 3 to 5 cents so far. Beans faced weakness on Wednesday, as contracts were down 5 to 6 cents in the nearbys. Preliminary open interest showed new selling interest, up 13,228 contracts. CmdtyView’s national front month Cash...
From
Austin Schroeder
via
Barchart
Wheat Weakness Continuing Ahead of Export Sales Release
Wheat futures are showing weaker trade so far on Thursday morning, with spring wheat traying to show some strength. The wheat market saw losses across the three exchanges at the Wednesday close. Chicago SRW futures were down 1 to 2 cents in the front months on the day. Kansas City...
From
Austin Schroeder
via
Barchart
Corn Sneaking Out Thursday AM Gains
The corn market is showing fractional to 2 cent gains so far on Thursday morning. Futures posted mixed trade to close out the Wednesday session, as front months were up 1 to 3 ¼ cents and new crop December was down 2 ¾ cents. Preliminary open interest was down 10,267...
From
Reuters
via
gCaptain
Hapag-Lloyd Posts 19% Lower Net Profit in 2024, to Cut Dividend
Container shipping liner Hapag-Lloyd HLAG.DE on Thursday reported an 18.9% lower net profit for 2024 and proposed a 11.4% cut in its divided versus 2023, citing lower interest income and higher tax expenses.
From
Austin Schroeder
via
Barchart
Soybeans Close Lower on Wednesday
Soybeans faced weakness on Wednesday, as contracts were down 5 to 6 cents in the nearbys. CmdtyView’s national front month Cash Bean price was down 4 1/4 cents at $9.46 1/4. Soymeal futures closed with front month losses of $1.50/ton, as Soy Oil futures were down 18 points on the...
From
Austin Schroeder
via
Barchart
Corn Posts Front Month Gains as Ethanol Production Rebounds
Corn futures posted mixed trade to close out the Wednesday session, as front months were up 1 to 3 ¼ cents and new crop December was down 2 ¾ cents. The CmdtyView national average Cash Corn price was back up 3 1/2 cents at $4.25 1/2. EIA released their weekly...