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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
Jim Wyckoff
via
Barchart
Grain Prices Are Trending Higher: What Bulls Should Watch This Week
One of the next key catalysts for traders to watch will be the late-March USDA intentions report.
From
Chris Swift
via
Barchart
Shootin' the Bull about hinged on energy
Further correlation between everything, and energy, was witnessed today as all markets reversed course from Friday's trade, with energy prices softening today.
From
Austin Schroeder
via
Barchart
Soybeans Collapsing at Midday on China Uncertainty
Soybeans are collapsing on Monday, with midday losses of 50 to 61 cents in the front months as doubt is growing on additions Chinese purchases. The cmdtyView national average Cash Bean price is down 60 ¾ cents at $1.90 3/4. Soymeal futures are down $8.60 to $9.20 at midday, with...
From
Austin Schroeder
via
Barchart
Corn Facing Double Digit Losses on Monday
Corn futures are trading with 11 to 12 ¼ cent losses in the nearbys on Monday’s midday. Pressure is coming from beans and crude oil slipping $3.19. The CmdtyView national average Cash Corn price is down 12 cents to $4.11 1/2. Monday morning’s Export Inspections report showed 1.658 MMT (65.3...
From
Austin Schroeder
via
Barchart
Wheat Falling Lower on Monday
The wheat complex is trading with losses on Monday. Chicago SRW futures are trading with 11 to 12 cents so far at midday. KC HRW futures are trading with 8 to 9 cent losses on Monday. MPLS spring wheat is down 7 to 9 cents so far. Crude oil is...
From
Reuters
via
gCaptain
U.S. Allies Rebuff Trump’s Request for Support in Strait of Hormuz
Several U.S. allies said on Monday they had no immediate plans to send ships to unblock the Strait of Hormuz, rebuffing a request by President Donald Trump for military support to keep the vital waterway open.
From
Mike Schuler
via
gCaptain
U.S. Issues New Hormuz Security Advisory, Telling American Ships to Ignore Diversion Orders
MARAD warns U.S.-flagged vessels to ignore Iranian diversion orders, maintain distance from warships, and prepare for GNSS disruption amid ongoing attacks. The U.S. Maritime Administration (MARAD) has issued a new security advisory...
From
Paul Morgan
via
gCaptain
AIS Tracks Suggest Iran May Be Verifying Ships Before Allowing Hormuz Exit
AIS tracking shows multiple vessels passing between Iran’s Larak and Qeshm islands before exiting the Gulf, suggesting ships may be undergoing verification before transiting the Strait of Hormuz.
From
Mike Schuler
via
gCaptain
U.S. Allows Iranian Tankers to Transit Hormuz as Oil Prices Surge and Select Ships Begin Crossing Strait
The United States is allowing Iranian oil tankers to transit the Strait of Hormuz despite the ongoing maritime conflict in the Persian Gulf, a move aimed at preventing a deeper...
From
Austin Schroeder
via
Barchart
Soybeans Falling on Monday Morning Due to Concerns Over Trump/Xi Meeting
Soybeans are trading with sharp losses out of the weekend, down 11 to 32 cents. Futures rounded out the Friday session with contracts down 2 to 6 ¼ cents across the board, as May still held up for a 24 ½ cent gain. The cmdtyView national average Cash Bean price...
From
Austin Schroeder
via
Barchart
Wheat Mixed on Monday Morning
Wheat is showing mixed trade on Monday morning, with the hard red contracts higher. The wheat complex posted double digit gains on Friday. Chicago SRW futures were up 10 to 15 1/4 cents on Friday, with May slipping 3 cents on the week. Open interest was up 1,234 on Friday....
From
Austin Schroeder
via
Barchart
Corn Falling Back on Monday AM Trade
Corn price action is down 2 to 4 cents so far on Monday morning. Futures rounded out the Friday session with contracts steady in some deferreds to 4 ¾ cents higher in the front months as March expired. Preliminary open interest was up 19,008 contracts on Friday. May closed the...