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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
Iran Gas Field Strike Marks Major Escalation as Tehran Threatens Gulf Energy Infrastructure
Iran's huge Pars gas field was hit on Wednesday, a major escalation in the U.S.-Israeli war, prompting Tehran to announce it would respond with attacks on oil and gas targets throughout the Gulf.
From
Mike Schuler
via
gCaptain
Two Dead in Confined Space Accident Aboard Barge Near Alaska
Fatal accident comes despite increasing efforts aimed at preventing enclosed-space deaths Two crewmembers are dead and two others hospitalized following a confined space incident aboard a freight barge near Ketchikan,...
From
Trent Klarenbach
via
Barchart
A Canola Chart for Your Inner Technical Analysis Nerd
A monthly Canola chart with Fibonacci Retracement, Moving Averages and Elliott Waves
From
John Konrad
via
gCaptain
The Hormuz Hypothesis – What If the U.S. Navy Isn’t in a Hurry to Reopen the Strait?
By Captain John Konrad (Opinion) – The Strait of Hormuz is twenty-one miles wide. Two shipping channels, each two miles across, separated by a two-mile buffer. There is no alternative....
From
Mike Schuler
via
gCaptain
OOCL Sunflower Reaches Long Beach After Losing Containers in Pacific Storm
Ultra-large containership to undergo inspection after dozens of boxes lost and damaged in heavy weather.
From
Austin Schroeder
via
Barchart
Wheat Back to Rally Mode on Wednesday
The wheat complex is rallying double digits on Wednesday. Chicago SRW futures are 16 to 17 cents higher on the day. KC HRW futures are 22 to 33 cents in the green. MPLS spring wheat is up 15 to 16 cents at midday. The next week looks dry for much...
From
Austin Schroeder
via
Barchart
Soybeans Popping Higher on Wednesday
Soybeans are up 4 to 6 cents in the front months on Wednesday. New crop is leading the charge, up 12 cents at midday, as the new crop soy/corn ratio has crept down towards 2.33. The cmdtyView national average Cash Bean price is up 5 cents at $10.87 3/4. Soymeal...
From
Austin Schroeder
via
Barchart
Corn Rallying at Midday
Corn futures are trading with 8 to 9 cent gains across most contracts on Wednesday. The CmdtyView national average Cash Corn price is up 8 ½ cents to $4.19. Crude is up $1.50 so far on the day and $6 off the early lows. EIA data was out this morning,...
From
Lori Ann LaRocco
via
gCaptain
Panama Canal Sees LNG Surge as Hormuz Disruption Reshapes Global Trade
LNG bookings average one per day as Canal positions itself as key alternative for disrupted Middle East energy flows By Lori Ann LaRocco – LNG transits through the Panama Canal...
From
Mike Schuler
via
gCaptain
Trump Floats U.S. Withdrawal from Hormuz ‘Straight’ Security Role
U.S. President Donald J. Trump on Tuesday suggested the United States could step back from securing the Strait of Hormuz, floating the idea of forcing allied nations to take greater responsibility for protecting...
From
Reuters
via
gCaptain
Washington Issues Broad Waiver Reopening Venezuela Oil Sector to U.S. Companies
The U.S. issued a waiver on Wednesday broadly authorizing U.S. companies to do business with Venezuela's state-run oil company PDVSA, a key step that could secure investment and, in thelonger-term, increase the country's crude production capacity.
From
Mike Schuler
via
gCaptain
Trump Waives Jones Act for 60 Days—Shipping Interests Say It Won’t Help Lower Gas Prices
The White House has approved a 60-day Jones Act waiver, moving forward with a controversial policy that U.S. shipping interests warned just days ago would do little to lower fuel...