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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....
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From
Walsh Trading
via
Barchart
Chart of the Day - July Soybeans
Beans have broken out higher, signs of long-term trend shift!
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Cattle Markets are on the Rebound After Outside Markets Start to Relax.
From
Chris Swift
via
Barchart
Shootin' the Bull about seeking profits
Due to the manipulation of slaughter, beef prices have rallied and cattle prices softened. This shift in production is brining profitability back to packers.
From
Mike Schuler
via
gCaptain
Report: U.S. Intelligence Sees Signs of Iran Mine Threat Emerging in Hormuz
U.S. intelligence agencies have detected indications that Iran may be preparing to deploy naval mines in the Strait of Hormuz shipping lanes, according to a report by CBS News citing...
From
Mike Schuler
via
gCaptain
Energy Secretary Deletes Post Claiming U.S. Navy Escorted Oil Tanker Through Strait of Hormuz
U.S. Energy Secretary Chris Wright has deleted a social media post claiming that the United States Navy successfully escorted an oil tanker through the Strait of Hormuz, raising fresh questions about whether naval convoy operations...
From
Mike Schuler
via
gCaptain
Royal Navy Sends Missile Destroyer HMS Dragon to Eastern Mediterranean
The HMS Dragon departed the Royal Navy’s base in Portsmouth, England on Tuesday bound for the Eastern Mediterranean as the United Kingdom bolsters its military presence in response to escalating tensions in...
From
Editorial
via
gCaptain
Opinion: Waiving the Jones Act Won’t Lower Gas Prices—Tanker Markets Prove It
Claims that waiving the Jones Act would lower U.S. gasoline prices ignore a key reality: global tanker freight markets. Current Worldscale rates suggest foreign-flag tankers would likely deliver fuel at a higher cost than Jones Act vessels.
From
Austin Schroeder
via
Barchart
Wheat Falling Back on Tuesday
The wheat complex is trading with losses across the three exchanges. Chicago SRW futures are down 11 to 15 cents in the nearbys. KC HRW futures are 13 to 15 cents in the red so far. MPLS spring wheat is 11 to 16 cent slower. Crude oil is down another...
From
Austin Schroeder
via
Barchart
Soybeans Posting Tuesday Gains
Soybeans are trading with 6 to 9 cent gains across most contracts on Tuesday. There were 114 delivery notices against March beans overnight. The cmdtyView national average Cash Bean price is up 8 1/2 cents at $11.30. Soymeal futures are up $1.40 to $3.50, with Soy Oil futures up 34...
From
Austin Schroeder
via
Barchart
Corn Under Pressure from Crude on Tuesday, As USDA Report Shows No Surprises
Corn futures are trading with 4 to 6 cent losses across most contracts on Tuesday There were 156 deliveries issued against March corn overnight. The CmdtyView national average Cash Corn price is down 4 3/4 cents to $4.05 ½. Crude oil is down another $9.69 as more risk premium comes...