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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....
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Bloomberg
via
gCaptain
Key UAE Oil Hub Suspends Loadings as War-Related Halts Mount
The key port of Fujairah in the United Arab Emirates has suspended oil loadings, according to a shipping agent and a person familiar with the matter, the latest halt after a series of earlier war-related strikes on the country’s only crude oil export route outside the Strait of Hormuz.
From
Austin Schroeder
via
Barchart
Soybeans Getting an Early Turnaround Tuesday Bounce
Soybeans are trading with 4 to 7 cent gains so far on Tuesday morning as new crop November us up 12 ½ cents. Futures were down 60 to the 70 cent limit on Monday across the front months. Expanded limits of $1.05 are set for Tuesday. Open interest was down...
From
Austin Schroeder
via
Barchart
Wheat Sliding on Tuesday Morning
Wheat is showing 2 to 3 cent losses across the front months in the three exchanges on Tuesday morning. The wheat complex posted Monday losses across the three markets. Chicago SRW futures were 16 to 17 cents lower in the nearbys. Open interest was down 1,004 contracts, with 1,973 dropping...
From
Austin Schroeder
via
Barchart
Corn Bouncing on Tuesday Morning
Corn price action is up fractionally to 2 cents so far on Tuesday morning. Futures posted 12 to 13 1/4 cent losses in the nearbys on Monday. Preliminary open interest was down 23,389 contracts on Monday suggesting some longs liquidating, as May dropped 25,724 contracts, with December down 10,909. Pressure...
From
Austin Schroeder
via
Barchart
Wheat Faces Monday Losses
The wheat complex posted Monday losses across the three markets. Chicago SRW futures were 16 to 17 cents lower in the nearbys. KC HRW futures saw Monday weakness of 13 to 14 cents. MPLS spring wheat was down 10 to 12 cents at the close. Crude oil was back down...
From
Austin Schroeder
via
Barchart
Soybeans Collapse the Limit on Monday, with Uncertainty on China
Soybeans were down 60 to the 70 cent limit on Monday across the front months. Expanded limits of $1.05 are set for Tuesday. The cmdtyView national average Cash Bean price was down 70 1/2 cents at $10.80 3/4. Soymeal futures were down $5.10 to $11.50 in the front months to...
From
Austin Schroeder
via
Barchart
Corn Falls Lower on Monday
Corn futures posted 12 to 13 1/4 cent losses in the nearbys on Monday. Pressure is coming from beans and crude oil slipping $4.49. The CmdtyView national average Cash Corn price was down 13 cents to $4.11 1/2. Monday morning’s Export Inspections report showed 1.658 MMT (65.3 mbu) of corn...
From
Mike Schuler
via
gCaptain
UN Shipping Agency Says 3,200 Ships Trapped West of Hormuz as Emergency Council Meeting Called
The International Maritime Organization (IMO) says roughly 3,200 vessels carrying around 20,000 seafarers are currently confined west of the Strait of Hormuz, highlighting the scale of disruption to global shipping as...
From
Editorial
via
gCaptain
Opinion: Hormuz Crisis Exposes the West Coast’s Self-Inflicted Fuel Risk
Managers across fuel supply-chain logistics are increasingly concerned that, unless restrictions on oil flows through the Strait of Hormuz ease quickly, physical fuel shortages could begin to appear within weeks.
From
Mike Schuler
via
gCaptain
Key NATO Member Germany Rejects Military Role in Strait of Hormuz Security Mission
Germany has ruled out participating in any military effort to secure shipping through the Strait of Hormuz, marking one of the clearest rejections yet of U.S. calls for allied naval...
From
Jim Wyckoff
via
Barchart
Corn Prices Are Trending Higher. 1 Options Trade to Make Now.
Consider buying a call option on July corn futures.