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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
US Will Impose ‘Toughest Sanctions in History’ on Iran, Bessent Says
The U.S. will impose "the toughest sanctions in history" on Iran, Treasury Secretary Scott Bessent said on Thursday, a focus on economic measures he suggested would lessen the need for new major military operations against Tehran.
From
Reuters
via
gCaptain
Norway Boosts Defense Footprint with Expansion of Arctic Brigade
Norway expanded on Thursday a recently created military brigade headquartered in the Arctic, the latest move by a NATO nation to boost its defense footprint in the wake of the Ukraine war.
From
Bloomberg
via
gCaptain
Trump Threatens Economic Isolation for Iran and Its Trading Partners
US President Donald Trump threatened Iran and its trading partners with economic isolation after months of military strikes and a maritime blockade failed to force Tehran to capitulate.
From
Bloomberg
via
gCaptain
Soaring Panama Canal Fees Drive a Nascent LPG Shuttle Trade
Exporters including Chevron Corp. are turning to ship-to-ship transfers to send liquefied petroleum gas from the US to Asia, an apparent change in strategy that comes as users of the Panama Canal grapple with congestion and record transit fees.
From
Mike Schuler
via
gCaptain
Federal Labor Board Orders OSG and Alaska Tanker Company to Bargain With Deck Officers
The National Labor Relations Board has ordered two Saltchuk Resources tanker subsidiaries to recognize and bargain with the International Organization of Masters, Mates & Pilots (MM&P), following a long-running dispute...
From
gCaptain
via
gCaptain
Transpacific Container Rates Surge as Carriers Cut Capacity
Global container spot rates rose for a second straight week as tighter capacity and resilient demand pushed Transpacific prices sharply higher, according to Drewry. The Drewry World Container Index increased...
From
Lori Ann LaRocco
via
gCaptain
Maritime Markets Bracing for Long-term Disruption in the Middle East
By Lori-Ann LaRocco – The strong undertow of political bluster, a lack of data, vessel attacks and the political calendar have transformed the flow of trade in the Middle East....
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From
Reuters
via
gCaptain
U.S. May Remove Sanctions on Iranian Oil Stranded at Sea
The U.S. may soon remove sanctions from Iranian oil that is stranded on tankers to help lift global supplies and reduce prices, U.S. Treasury Secretary Scott Bessent said on Thursday.
From
Austin Schroeder
via
Barchart
Soybeans Posting Midday Gains as Meal Rallies
Soybeans are trading with 5 to 7 cent gains so far on Thursday. The cmdtyView national average Cash Bean price is up 5 ¾ ents at $10.93 1/2. Soymeal futures are $11 to $13.20 higher on the day, with Soy Oil futures 6 points lower. The weekly Export Sales report...
From
Austin Schroeder
via
Barchart
Wheat Mixed at Midday
The wheat complex is showing mixed trade on Thursday, with KC weaker. Chicago SRW futures are 3 to 4 cents higher so far on Thursday. KC HRW futures are down 2 to 4 cents in the nearbys. MPLS spring wheat is 2 to 3 cents higher in the front months....
From
Austin Schroeder
via
Barchart
Corn Holding Higher on Thursday
Corn futures are trading with 5 to 7 cent gains so far on Thursday. The CmdtyView national average Cash Corn price is up 6 ¼ cents to $4.26 1/4 Export sales data from this morning showed 1.17 MMT of old crop corn sold in the week ending on 3/12, in...
From
Reuters
via
gCaptain
Iran Attack Wipes Out 17% of Qatar’s LNG Capacity for up to Five Years
Iranian attacks have knocked out 17% of Qatar's liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy's CEO told Reuters on Thursday.
From
Mike Schuler
via
gCaptain
Container Spot Rates Edge Higher: Transpacific Leads Gains, Hormuz Crisis Pushes Costs Higher
The Drewry World Container Index (WCI) rose 2% this week to $2,172 per 40-foot container, marking a third consecutive weekly increase as strength on Transpacific routes continues to support the...
From
Mike Schuler
via
gCaptain
MSC Formalizes Tie-Up With Tanker Giant Sinokor After Massive VLCC Buying Spree
Mediterranean Shipping Company is moving to take joint control of South Korea’s Sinokor Maritime, formalizing a relationship that has drawn growing attention across tanker markets. A March 11 competition filing...
From
Jim Wyckoff
via
Barchart
Spreads Unwinding: Soybean Meal Prices Highlight a Buying Opportunity Here
May soybean meal futures present a buying opportunity on more price strength.
From
Mike Schuler
via
gCaptain
G7 Allies Condemn Iran’s ‘De Facto Closure’ of Hormuz, Call for Immediate Halt to Attacks
Leaders from the United Kingdom, France, Germany, Italy, the Netherlands, and Japan issued a joint statement Thursday condemning Iran’s recent actions in the Persian Gulf, warning that escalating attacks on...
From
Trent Klarenbach
via
Barchart
Canola Technical Analysis Chart for the Nerds
Some Fibs, moving averages and some Elliott Wave.
From
Reuters
via
gCaptain
CK Hutchison Says Still in Talks Over Ports Assets Sale
CK Hutchison said on Thursday it remained in talks with a consortium to sell the majority of its ports business, a deal that has been overshadowed by a legal fight with the Panamanian authorities, as it posted a 7% rise in 2025 underlying profit.
From
Bloomberg
via
gCaptain
Iran’s Hormuz Blockade Is Helping a Little-Used Kenyan Port
The closure of the Strait of Hormuz is turning Kenya’s Lamu port into a surprise refuge, as vessels bound for the Middle East divert and discharge cargo at the rarely used facility.