.svg){kind=icon}
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. Coast Guard Debunks Tankers Registering For U.S. Compliance
The U.S. Coast Guard is quashing the latest rumor on tankers looking to reposition to the Atlantic and Pacific trades instead of staying in the Middle East.
Early on Thursday, in some tanker circles, the was chatter of tanker owners looking to register with the Coast Guard to be eligible to trade in the U.S.
From
Mike Schuler
via
gCaptain
Gulf Ship Attacks Show No Pattern of Western Targeting as Strikes Spread Beyond Hormuz
The maritime security environment across the Persian Gulf, Strait of Hormuz, and Gulf of Oman remains at a “CRITICAL” threat level, according to the latest advisory issued Thursday by the Joint...
From
Mike Schuler
via
gCaptain
U.S. Shipping Interests Say Jones Act Waiver Would Do Little to Lower Gasoline Prices
As the Trump administration considers temporarily waiving the Merchant Marine Act of 1920, commonly know as the Jones Act, to address surging fuel prices during the Middle East conflict, U.S. shipping interests...
From
Mike Schuler
via
gCaptain
IEA Warns: Hormuz Crisis Triggering Largest Oil Supply Disruption in History
The escalating Middle East conflict has triggered what the International Energy Agency (IEA) says could become the largest supply disruption in the history of the global oil market, as tanker traffic through the...
From
Austin Schroeder
via
Barchart
Wheat Trading with Thursday Gains
The wheat complex is pushing higher on Thursday. Chicago SRW futures are up 3 to 7 cents on the day. KC HRW futures are trading with 4 to 6 ¼ cent gains at midday. MPLS spring wheat are up 3 to 4 cents in the front months on Thursday. The...
From
Austin Schroeder
via
Barchart
Corn Holding Higher on Thursday
Corn futures are trading with 3 to 4 cent gains at midday, as March is up 5 ¾ ahead of Friday’s expiration. The CmdtyView national averageCash Corn price is up 3 1/4 cents to $4.20 ¾. Crude oil is up another $7.90 on Thursday. Export Sales data from this morning...
From
Austin Schroeder
via
Barchart
Soybeans Extending Rally on Thursday
Soybeans are posting double digit gains in the front months on Thursday, up 14 to 17 cents. The cmdtyView national average Cash Bean price is up 14 3/4 cents at $11.54. Soymeal futures are up $3.70 to $5.30, with Soy Oil futures are up 30 to 40 points at midday....
From
Darin Newsom
via
Barchart
Commodity Market Update: Crude Oil, Grains, Geopolitics, and Your Bottom Line
In an interview on AgWeb's Markets Now, Darin Newsom explains that current volatility across the commodity complex is being driven primarily by algorithmic trading reacting to geopolitical headlines and widespread fears of inflation, rather than traditional supply and demand fundamentals.
From
Mike Schuler
via
gCaptain
Norway Bars Its Ships From Hormuz as Attacks on Merchant Vessels Escalate
Norway Bars Its Ships From Hormuz as Attacks on Merchant Vessels Escalate Norway has moved to prohibit its merchant fleet from entering the Strait of Hormuz, marking one of the...
From
Bloomberg
via
gCaptain
US Considers Easing Jones Act to Tame Spiraling Fuel Prices
The Trump administration plans to waive a century-old maritime law that requires American ships be used to transport goods between US ports as it seeks to blunt surging oil and gasoline prices, according to people familiar with the matter.
From
Reuters
via
gCaptain
Iran’s Supreme Leader, in First Remarks, Vows to Avenge ‘Martyrs’, Keep Strait Closed
Iran will avenge the blood of its martyrs, keep the Strait of Hormuz closed and attack U.S. bases, new Supreme Leader Mojtaba Khamenei said on Thursday in a statement read out on state television, his first remarks since succeeding his slain father.
From
Mike Schuler
via
gCaptain
After Lengthy Legal Dispute, Seatrium Hands Over Next-Generation WTIV to Maersk
Singapore-based shipbuilder Seatrium Limited has delivered a next-generation Wind Turbine Installation Vessel (WTIV) to Maersk Offshore Wind, marking the completion of a project that only months ago was at the center of a high-stakes contractual dispute between the two companies.