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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 Rally Led by KC on Thursday
Wheat is higher at Thursday’s midday across the three exchanges. Chicago SRW futures are 6 to 7 cents in the greens so far. KC HRW futures are leading the charge, up 14 to 15 cents so far on the session. MPLS spring wheat is back up 12 to 13 cents...
From
Austin Schroeder
via
Barchart
Corn Rallying Back on Thursday
The corn market is trading with 4 to 8 cent gains so far on Thursday, as futures take back much of the Wednesday weakness. The CmdtyView national average Cash Corn price is up 5 1/2 cents at $4.28 3/4. This morning’s Export Sales report showed 967,348 MT of corn sold...
From
Reuters
via
gCaptain
Australia Moves to Arm Troops With Anti-Ship Missiles as China Threat Looms
Australia is scrambling to deploy new long-range missiles as the recent arrival of powerful Chinese warships off the Australian coast delivers a sharp reminder of Beijing’s growing naval muscle.
From
Bloomberg
via
gCaptain
Shell Delivered Record Amount of LNG Fuel to Ships in 2024
Shell Plc said it delivered record volumes of liquefied natural gas to power ships last year, boosting the use of a fuel that’s become crucial to the energy transition.
From
Bloomberg
via
gCaptain
Four Dredger Crewmembers Involved in Major Singapore Oil Spill Plead Guilty
Four Dutch crew members involved in a ship collision in Singapore have pleaded guilty for their role in the city-state’s worst oil spill in a decade, the Straits Times reported Wednesday.
From
Mike Schuler
via
gCaptain
Coast Guard Academy’s Sexual Assault Scandal Deepens as More Victims File Claims
Seven new Federal Tort Claims Act (FTCA) administrative complaints have been filed today against the U.S. Coast Guard on behalf of sexual assault survivors who were cadets or prospective cadets...
From
Mike Schuler
via
gCaptain
DP World Reports Record $20 Billion Revenue Amid Global Trade Challenges, Plans Major Port Investments
Global port operator DP World has announced record financial results for 2024, with revenue reaching $20.0 billion, marking a 9.7% increase from the previous year. The company’s adjusted EBITDA rose...
From
Mike Schuler
via
gCaptain
U.S. Treasury Targets Iran’s ‘Shadow Fleet’ in Latest Round of Oil Sanctions
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced a new round of sanctions targeting Iran’s petroleum sector, including the designation of Iran’s Minister of...
From
Mike Schuler
via
gCaptain
UK’s MAIB Leads Multi-National Investigation into North Sea Ship Collision
The Marine Accident Investigation Branch (MAIB) has launched an investigation into this week’s serious collision between the Portuguese-registered container ship SOLONG and the US-registered oil tanker STENA IMMACULATE off England’s...
From
Oliver Sloup
via
Barchart
Grain Market Recover from Wednesday's Weakness
Grain markets got hit hard early on Wednesday but managed to close off the lows which has helped aide in some recovery overnight and into the early morning trade.
From
Austin Schroeder
via
Barchart
Wheat Closes Mixed on Wednesday
Wheat is trying to push higher so far on Wednesday, with gains across the three exchanges. The wheat market posted mixed action on Wednesday, as KC led the way higher. Chicago SRW futures were 2 to 3 cents in the red at the close. KC HRW futures were 1 to...
From
Austin Schroeder
via
Barchart
Soybean Bulls Pushing Back on Thursday Morning
The soybean market is trading with Thursday AM gains of 8 to 12 cents so far. Soybeans were pressured lower on Wednesday, with losses of 9 to 11 cents across most nearbys at the close. CmdtyView’s national front month Cash Bean price was 10 1/4 cents lower at $9.37. Soymeal...