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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
Lori Ann LaRocco
via
gCaptain
U.S.-Israel War on Iran a “Gift” for Russia
The second set of U.S. waivers on Russian oil and vessel tracking data shows both the Iranian and Russian shadow fleets are profiting off the U.S./Israel war against Iran.
Lloyd’s list data tracked over half of the tankers and gas carriers traversing the Strait of Hormuz as Iranian. Container ships are also included.
From
Austin Schroeder
via
Barchart
Corn Slipping Early on Friday
Corn price action is down 1 to 3 cents in the front months on Friday morning. Futures closed the Thursday session with contracts fractionally to 4 cents higher across the board. Open interest rose another 28,874 contracts on Thursday. March expires on Friday, with another 49 deliveries issued overnight. The...
From
Austin Schroeder
via
Barchart
Wheat On the Higher Side on Friday Morning
Wheat is showing slightly higher trade on Friday morning. The wheat complex closed the Thursday session with mixed trade, as SRW contracts were the strongest and spring wheat the weakest. Chicago SRW futures were up 2 1/4 to 3 3/4 cents on the day. Open interest was up 5,140 contracts....
From
Austin Schroeder
via
Barchart
Soybeans Falling Back Early on Friday
Soybeans are trading with 5 to 8 cent losses in the front months on Friday. Futures slipped back from the midday highs, as contracts were still 2 ½ to 13 ¼ cents higher, led by the front months. Preliminary open interest was up 9,786 contracts on Thursday. March expires at...
From
Reuters
via
gCaptain
Italy Weighs Options as Damaged Russian LNG Tanker Drifts in the Mediterranean
Italian authorities are weighing how to deal with a Russian liquefied natural gas tanker left adrift in the Mediterranean after what Moscow described as a Ukrainian drone attack, sources said on Friday.
From
Trent Klarenbach
via
Barchart
CBOT Wheat battles the 200-Week Moving Average
CBOT Wheat battles the 200-Week Moving Average
From
Malte Humpert
via
gCaptain
Russia’s Newest Arc7 LNG Carrier ‘Konstantin Posyet’ Leaves Zvezda Yard For Possible Sea Trials
An ice-class LNG carrier under construction at Russia’s Zvezda shipyard in the Far East may have begun sea trials this week, a potentially important step in Moscow’s efforts to expand a shortage-stricken fleet needed to ship Arctic gas exports despite Western sanctions.
From
Mike Schuler
via
gCaptain
U.S. Eases Sanctions for Russian Oil Cargoes Already at Sea as Hormuz Crisis Hits Supply
The U.S. Treasury Department has issued a new sanctions wind-down authorization allowing certain Russian oil cargoes already at sea to complete their voyages, as global energy markets struggle with disruptions...
From
Austin Schroeder
via
Barchart
Soybeans Hold onto Thursday Rally
Soybeans slipped back from the midday highs, as contracts were still 2 ½ to 13 ¼ cents higher, led by the front months. The cmdtyView national average Cash Bean price was up 13 1/4 cents at $11.52 1/4. Soymeal futures were up $1.90 to $4.80, with Soy Oil futures were...
From
Austin Schroeder
via
Barchart
Corn Closes with Thursday Gains
Corn futures closed the Thursday session with contracts fractionally to 4 cents higher across the board. March expires on Friday. The CmdtyView national average Cash Corn price was up 2 1/4 cents to $4.19 ¾. Crude oil was up another $9.15 on Thursday to add to some spillover support. Export...
From
Austin Schroeder
via
Barchart
Wheat Closes with Mixed Action on Thursday
The wheat complex closed the Thursday session with mixed trade, as SRW contracts were the strongest and spring wheat the weakest. Chicago SRW futures were up 2 1/4 to 3 3/4 cents on the day. KC HRW futures were steady in the front months to a couple pennies lower in...
From
Chris Swift
via
Barchart
Shootin' the Bull about opportunities that didn't exist 2 weeks ago
On the mid day cattle comment, I recommended for soybean farmers to buy the $11.50 November soybean put for around $.50. If you happen to own or have oil rights leases and this price increase of oil is beneficial to you, even at the discounts, you can lock in a higher price, with a put option, than has been available to you for the past 12 months.