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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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From
Austin Schroeder
via
Barchart
Wheat Slipping Back Lower on Friday
The wheat market is showing mostly lower trade on Friday as March futures expires. Chicago SRW futures are mostly 6 to 8 cents in the red. KC HRW futures are down 2 to 3 cents on the session. There were another 11 deliveries against March KC wheat overnight, with 4...
From
Austin Schroeder
via
Barchart
Corn Back to Lower Trade on Friday
Corn futures are trading with 7 to 10 cent losses across the front months on Friday, with New crop down 2 ½ cents. There were no deliveries for March futures overnight, with the contract expiring today. The CmdtyView national average Cash Corn price is back down 7 1/2 cents at...
From
Bloomberg
via
gCaptain
Steel Buyers Enter Tariff Era as Ships Rerouted, Trucks Halted
An ocean freighter from India pulled into the bustling Port of Tampa Bay Tuesday loaded with hundreds of tons of aluminum destined for multiple US stops. Abruptly, the entire shipment was ordered to be unloaded then and there.
From
Mike Schuler
via
gCaptain
Dry Bulk Newbuilding Orders Hit 30-Year Low Amid Market Uncertainty
Dry bulk vessel orders have collapsed to their lowest level in three decades, with newbuilding contracting plummeting 92% year-over-year in the first two months of 2025, industry association BIMCO reported...
From
Reuters
via
gCaptain
Baltic Index Logs Fourth Straight Weekly Gain
The Baltic Exchange's dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, hit a 17-week peak on Friday and posted a fourth straight weekly gain, as rates firmed for all segments.
From
Susan Stroud
via
Barchart
No Bull | The Five Spot
5 | Twins It’s purely coincidental that old crop beans seem to be following the same pattern as they did during Trump's first term in office, but important to note that we didn't dive headfirst into an all-out trade war until the second year of his first term versus a...
From
Reuters
via
gCaptain
Beijing Slams CK Hutchison’s $22.8 Billion Port Sale to BlackRock as ‘Betrayal’ to China
China's Hong Kong and Macau Affairs Office (HKMAO) reposted a commentary criticizing CK Hutchison's port deal with U.S. firm BlackRock as a betrayal of China, sending shares of the Hong Kong-based conglomerate sharply lower on Friday.
From
Reuters
via
gCaptain
Police Continue Questioning Russian Captain Over North Sea Collision
British police said on Friday they were granted more time to question the 59-year old Russian captain of a container ship that crashed into a U.S. tanker earlier this week.
From
Mike Schuler
via
gCaptain
Salvors Board Stena Immaculate and Solong Following North Sea Collision
Salvage teams have boarded both vessels involved in Monday’s serious collision off England’s East Yorkshire coast as assessment and response operations continue. The US-registered oil tanker STENA IMMACULATE and Portuguese-registered...
From
Austin Schroeder
via
Barchart
SoybeanSoybeans Mixed to Kickoff Friday Trade
Soybean futures are showing mixed trade so far on Friday morning, mostly within a penny of unchanged. Soybeans saw a bounce back on Thursday with contracts closing 5 to 11 cents in the green. CmdtyView’s national front month Cash Bean price is back up 10 1/2 cents at $9.48 1/2....
From
Austin Schroeder
via
Barchart
Wheat Rallies Back Higher on Thursday
The wheat market is trading with mixed action so far as KC is still the strongest of the three this morning. Wheat posted gains across the three exchanges on the Thursday session. Chicago SRW futures were 8 to 9 cents in the greens at the close. KC HRW futures led...
From
Austin Schroeder
via
Barchart
Corn Starting Friday with Weakness
The corn market is slipping back lower so far on Friday, with losses of 2 to 5 cents. Futures rallied back on Thursday, with contracts closing 4 to 5 cents higher in the front months. Contracts closed off the highs, but still clawed back some of the Wednesday losses. Preliminary...