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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
Mexican Ships Deliver Food and Supplies to Cuba as Island Faces U.S. Fuel Supply Crackdown
Two Mexican-flagged ships delivered 814 tons of humanitarian aid to Havana Harbor on Thursday, defying U.S. pressure after Washington threatened tariffs on countries supplying oil to Cuba. Mexico halted oil shipments in January but pledged food assistance.
From
Mike Schuler
via
gCaptain
CK Hutchison Escalates Legal Battle Over Panama Ports Ruling
Hong Kong-based CK Hutchison has escalated a legal fight over its Panama Canal port concessions, triggering treaty arbitration and raising uncertainty over operations at the Balboa and Cristobal terminals as Panama advances plans for a forced transition.
From
Mike Schuler
via
gCaptain
Fatal German Bight Ship Collision Was ‘Wholly Avoidable,’ MAIB Says
Five sailors are dead because no one acted in time. A final investigation into the German Bight collision that sank the cargo ship Verity finds basic collision rules were ignored, decisive maneuvers were delayed, and shore-side intervention came too late to stop a preventable tragedy.
From
Mike Schuler
via
gCaptain
Navy Collision During Replenishment Draws Attention to Complex At-Sea Operations
The Arleigh Burke-class guided missile destroyer USS Truxtun (DDG-103) and the fast combat support ship USNS Supply (T-AOE-6) collided during a replenishment-at-sea operation in the Caribbean on Tuesday afternoon, according to U.S. Southern Command.
From
Mike Schuler
via
gCaptain
HMM Remains Profitable in 2025 Despite Global Freight Rate Collapse
South Korea’s HMM managed to stay in the black through a bruising 2025 for container shipping, posting a 13.4% operating margin even as freight rates collapsed across major trade lanes and several global rivals slipped into losses.
From
Mike Schuler
via
gCaptain
Container Rates Slide for Fifth Week as Lunar New Year Demand Disappoints
Global container shipping rates fell for a fifth consecutive week as the usual pre-Lunar New Year cargo surge failed to materialize, prompting carriers to ramp up blank sailings across major trade lanes.
From
Bloomberg
via
gCaptain
Gas-Hungry Europe to Get Rare LNG Shipment Reloaded From China
A liquefied natural gas shipment reloaded from China — the world’s top buyer of the fuel — is heading to Europe, a rare move that highlights the continent’s push to refill dwindling inventories.
The APS Information Center
For detailed updates and additional resources, explore our resources section.
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...
From
Austin Schroeder
via
Barchart
Corn Bouncing to Kickoff Thursday
The corn market is trading with 1 to 4 cent gain so far on Thursday morning. Corn posted losses across the board on Wednesday, with contracts down 6 to 10 cents at the close. The front months were the leaders. The CmdtyView national average Cash Corn price was down 9...
From
Austin Schroeder
via
Barchart
Soybeans Face Losses on Wednesday
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 futures were down $1.70 to $2.50/ton in the nearbys on Wednesday, with Soy Oil futures 19...
From
Austin Schroeder
via
Barchart
Wheat Closes Mixed on Wednesday
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 3 cents higher on the session. MPLS spring wheat closed down 2 to 3 cents. The...