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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 Closes Lower on Wednesday, Led by KC
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 HRW contracts led the charge, down 10 to 12 cents on Wednesday. MPLS spring wheat losses totaled 2 to...
From
Mike Schuler
via
gCaptain
USNS John Lewis Completes First Fleet Replenishment Operation Off Southern California
The Military Sealift Command’s newest fleet replenishment oiler USNS John Lewis (T-AO 205) achieved a significant milestone by completing its first fleet-tasked underway replenishment operation with USS Mustin off Southern...
From
Mike Schuler
via
gCaptain
Maritime Industry Warns USTR’s China Port Fees Could Sink U.S. Economy
Industry Leaders Sound Alarm: Proposed Tariffs on Chinese Ships Threaten Economic Shockwaves Across U.S. Trade Major maritime industry stakeholders are voicing strong opposition to the U.S. Trade Representative’s proposed Section...
From
Chris Swift
via
Barchart
Shootin' the Bull about blowing out the top!
While some contend a blow off top to be a day or a couple, this one is 12 days in the running.
From
Mike Schuler
via
gCaptain
European Shipping Commands 35% of Global Fleet, Critical for EU Security and Trade
European shipping has emerged as a crucial geopolitical asset for the European Union, controlling 35% of the world’s fleet despite the EU representing only 15% of global GDP, according to...
From
Mike Schuler
via
gCaptain
Photos: Royal Navy Shadows Russian Task Force Carrying Cargo from Syria
The Royal Navy, along with NATO allies, conducted a coordinated operation to monitor a Russian naval task group transporting cargo from Syria through UK territorial waters in the English Channel....
From
Austin Schroeder
via
Barchart
Soybeans Lower at Midday
Soybeans are trading with Wednesday midday losses of 4 to 6 cents. CmdtyView’s national front month Cash Bean price is down 4 3/4 cents at $9.46. Soymeal futures are down $2.70/ton. Soy Oil futures are down 4 points at midday The current soybean/corn ratio is at 2.24, favoring a shift...
From
Austin Schroeder
via
Barchart
Wheat Facing Losses at Midday
The wheat market is posting weakness across the three exchanges so far on Wednesday. Wheat posted mixed action on Tuesday, with KC continuing to lead the way higher. Chicago SRW futures are slipping lower down 3 to 4 cents so far on the day. Kansas City HRW contracts are leading...
From
Austin Schroeder
via
Barchart
Corn Mixed on Wednesday
Corn futures are showing 1 to 3 cent gains across the front months on Wednesday. New crop is slipping lower, down 2 to 3 cents. The CmdtyView national average Cash Corn price is back up 2 1/4 cents at $4.24 1/2. EIA released their weekly petroleum status report this morning,...
From
Mike Schuler
via
gCaptain
LNG Tanker Collision in Gibraltar Highlights Ongoing Pilotage Concerns
A minor collision between an LNG tanker and a bulk carrier in Gibraltar’s western anchorage has reignited discussions about pilotage requirements for departing vessels, following a similar incident that led...
From
Reuters
via
gCaptain
US Strikes Houthi Strongholds in Yemen Where Leaders Are Hiding
The U.S. hit targets across Yemen in airstrikes overnight, including Saada province, which Yemeni sources say is a long-time hideout for Iran-aligned Houthi leaders, and the Red Sea port city of Hodeidah.
From
Reuters
via
gCaptain
What Levers Do China and Hong Kong Have Over CK Hutchison’s Port Deal?
Hong Kong-based conglomerate CK Hutchison is facing intense criticism from Beijing over its ports sale to a BlackRock-led consortium, fueling speculation as to whether China could take steps to scupper the deal.