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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
Oliver Sloup
via
Barchart
Grain Markets Mixed in the Overnight Trade
Grain markets have been mixed in the overnight trade as the choppiness continues ahead of the weekend. This environment favors the shorter-term trader.
From
Mike Schuler
via
gCaptain
Trans Mountain Pipeline Expansion Fuels Export Boom at Port of Vancouver
The Port of Vancouver in British Columbia, Canada, saw booming liquid bulk exports in 2024, with volumes skyrocketing 203% to reach 17.1 million metric tonnes (MMT), driven primarily by the...
From
Austin Schroeder
via
Barchart
Soybeans Post Gains on Meal Strength and Export Business
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. Soymeal futures were on the move higher, up $4.70 to $7.90/ton in the nearbys on Thursday, with...
From
Austin Schroeder
via
Barchart
Wheat Rallies Back Higher on Thursday
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 the charge to the upside, 13 to 15 cents higher on the session. MPLS spring wheat was back up 9 to...
From
Austin Schroeder
via
Barchart
Corn Post Strength on Thursday
Corn futures rallied back on Thursday, with contracts closing 4 to 5 cents higher in the nearbys. Contracts closed off the highs, but still clawed back some of the Wednesday losses. The CmdtyView national average Cash Corn price was up 4 1/2 cents at $4.27 3/4. This morning’s Export Sales...
From
Mike Schuler
via
gCaptain
IMO Carbon Levy Uncertainty Stalling Maritime Investment, ABS Chief Warns
Uncertainty surrounding the International Maritime Organization’s (IMO) proposed carbon levy is creating significant hesitation in shipping industry investments, according to Christopher Wiernicki the Chairman and CEO of the American Bureau...
From
Nick Ehrenberg
via
Barchart
Soybeans Sent Lower by a 38.2% Fibonacci Retracement Keeping the Short Term Trend Negative
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
From
Mike Schuler
via
gCaptain
Port of Long Beach Posts Ninth Consecutive Month of Growth
The Port of Long Beach continues its strong performance into 2025, marking nine straight months of increased cargo movement. February saw the port handle 765,385 TEUs, representing a 13.4% increase...
From
Eugene Graner
via
Barchart
Wheat surge in the making
I realize there are many technicians out there who suggest wheat prices are ready to tumble again. I beg to differ with them—my wave count is different, projecting that wheat has the potential for a strong rally into April.
From
Oliver Sloup
via
Barchart
A Choppy Grain Trade Keeps Traders Active
A choppy grain trade has presented a lot of shorter-term opportunities for traders on both sides of the market. Is that the trend into the prospective planting report?
From
Austin Schroeder
via
Barchart
Soybeans Higher on Meal Gains and Solid Export Business
Soybeans were are posting midday gains of 8 to 12 cents so far on Thursday. CmdtyView’s national front month Cash Bean price is back up 12 1/4 cents at $9.49 1/4. Soymeal futures were down $1.70 to $2.50/ton in the nearbys on Wednesday, with Soy Oil futures 19 to 26...