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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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For detailed updates and additional resources, explore our resources section.
From
Mike Schuler
via
gCaptain
Hanwha Ocean Completes Landmark U.S. Navy Ship Maintenance, Marking First Korean Shipyard Contract
In a significant milestone for South Korea’s maritime industry, Hanwha Ocean has successfully completed maintenance and overhaul work on the Military Sealift Command’s dry cargo ship USNS Wally Schirra, marking...
From
Bloomberg
via
gCaptain
Shipping Trade Group Says Trump Port-Fee Plan Will Hurt US
A plan by the Trump administration to introduce fees on the use of Chinese commercial ships is likely to damage the US economy and may fail to reverse China’s shipbuilding dominance, a top shipping trade group said.
From
Oliver Sloup
via
Barchart
A Choppy Trade in Grain Markets
Grain markets remain choppy this week as market participants hone in on the technicals and wait for new news.
From
Austin Schroeder
via
Barchart
Wheat Kicking Off Midweek Trade Weaker
The wheat market is facing weakness across the three exchanges early on Wednesday trade. Wheat posted mixed action on Tuesday, with KC continuing to lead the way higher. Chicago SRW futures were 3 to 4 cents in the red at the close. Kansas City HRW contracts were fractionally to 2...
From
Austin Schroeder
via
Barchart
Corn Starting Wednesday Weaker
Corn futures are showing early losses of 1 to 3 cents so far on Wednesday morning. The corn market posted mixed action on Tuesday, with nearbys down 2 to 3 cents. New crop December was up ¼ cent at the close. Preliminary open interest was down 8,117 contracts on Tuesday,...
From
Austin Schroeder
via
Barchart
Soybeans In the Red to Start Wednesday Trade
The soybean market is trading with 3 to 4 cent losses early on Wednesday. Soybeans posted weakness on Tuesday, with contracts down 2 to 3 cents across the nearbys on the day. Preliminary open interest was up 7,115 contracts on Tuesday. CmdtyView’s national front month Cash Bean price was down...
From
Reuters
via
gCaptain
Iraq Makes Rare Seizure of Ship Suspected of Fuel Smuggling in Gulf
Iraqi naval forces have seized an unidentified ship in Iraqi territorial waters in the Gulf suspected of smuggling fuel, the naval forces said in a statement.
From
Austin Schroeder
via
Barchart
Soybeans Close Lower on Tuesday
Soybeans posted weakness on Tuesday, with contracts down 2 to 3 cents across the nearbys on the day. CmdtyView’s national front month Cash Bean price was down 2 1/2 cents at $9.51 3/4. Soymeal futures added pressure on the session, with losses of $1.70 to $4.40/ton. Soy Oil futures are...
From
Austin Schroeder
via
Barchart
Wheat Mixed on Tuesday
Wheat posted mixed action on Tuesday, with KC continuing to lead the way higher. Chicago SRW futures were 3 to 4 cents in the red at the close. Kansas City HRW contracts were fractionally to 2 cents higher on Tuesday. MPLS spring wheat was steady to a penny lower in...
From
Austin Schroeder
via
Barchart
Corn Closes Mixed on Tuesday
The corn market posted mixed action on Tuesday, with nearbys down 2 to 3 cents. New crop December was up ¼ cent at the close. The CmdtyView national average Cash Corn price was back down 1 ¾ cents at $4.22. The new crop soy/corn ratio is at 2.24, still leaning...
From
Sean Lusk
via
Barchart
Grain Spreads: Dust Storms and Cease Fires Influencing Wheat
Wheat Rallies, Then Gives it Back.
From
Bloomberg
via
gCaptain
Korean Giant Hanwha Acquires Austal Stake in Latest Push to Reshape U.S. Shipbuilding
Shares of Australian shipbuilder Austal Ltd. climbed after a unit of Hanwha Aerospace Co. became a substantial shareholder of the US Navy contractor, as South Korea’s top defense firm attempts to bolster its foothold in America.