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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
Austin Schroeder
via
Barchart
Corn Getting an Early Turnaround Tuesday Bounce
Corn price action is up 2 to 3 cents so far on Tuesday morning. Futures closed the Monday session with contracts down 1 ½ to 6 cents in most contracts at the close. Pressure was from a President Trump post ordering the Department of War to postpone some military strikes...
From
Austin Schroeder
via
Barchart
Wheat Showing Marginal Gains on Tuesday Morning
Wheat is showing slight strength on Tuesday morning. The wheat complex started the week with losses across the three markets on Monday. Chicago SRW futures were 2 ¾ to 7 ½ cents lower. Open interest was down 1,680 contracts on Monday. KC HRW futures were fractionally to 3 cents in...
From
Austin Schroeder
via
Barchart
Soybeans Slipping Early on Tuesday
Soybeans are trading with 4 to 6 cent losses so far on Tuesday. Futures posted gains of 2 ¼ to 7 ¼ cents in the front months on Monday. Open interest suggested very light short covering, down 1,630 contracts. The cmdtyView national average Cash Bean price was up 3 3/4...
From
Darin Newsom
via
Barchart
What's the Connection Between the US War on Iran, Fuel, Fertilizer, and Food Prices? (Part 2)
Though global markets can be independent of each other, there are connections running throughout the commodity complex.
From
Reuters
via
gCaptain
Bahrain Pushes UN Vote to Authorize Force in Strait of Hormuz
Bahrain has put forward a draft United Nations Security Council resolution that would authorize countries to use "all necessary means" - diplomatic language for force - to protect commercial shipping in and around the Strait of Hormuz, according to a text seen by Reuters on Monday.
From
Paul Morgan
via
gCaptain
Smarter Ships: Automation, AI, and the New Strain on Seafarers
How automation, AI, and the decline of traditional watchkeeping are reshaping seafarer welfare By Paul Morgan (gCaptain) – The modern ship has never been more advanced. Engine rooms now run...
From
Austin Schroeder
via
Barchart
Wheat Falls Back on Monday
The wheat complex started the week with losses across the three markets on Monday. Chicago SRW futures were 2 ¾ to 7 ½ cents lower. KC HRW futures were fractionally to 3 cents in the red. MPLS spring wheat was mixed, with front months fractionally to a penny lower and...
The APS Information Center
For detailed updates and additional resources, explore our resources section.
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.
From
Reuters
via
gCaptain
Indian Source Says Iran to Allow India-Flagged Tankers Through Hormuz as First Tanker Arrives
Iran will allow Indian-flagged tankers to transit the Strait of Hormuz, a conduit for 40% of the South Asian nation's crude imports, an Indian government source said on Thursday, but an Iranian source outside the country denied any such deal was reached.