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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
Bloomberg
via
gCaptain
US Oil Posts Biggest Weekly Gain Ever As Iran War Rages On
By Bloomberg News Mar 6, 2026(Bloomberg) –US oil posted the biggest weekly gain on record as the war in Iran upends critical energy market flows, with shipping through the Strait of...
From
Reuters
via
gCaptain
Iran’s IRGC Challenges Trump To Have US Vessels Escort Tankers In Strait Of Hormuz
March 7(Reuters) – A spokesperson for Iran’s Revolutionary Guards challenged U.S. President Donald Trump to deploy U.S. naval vessels to escort oil tankers through the Strait of Hormuz, Iranian state media reported on Friday. The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz if necessary, Trump said on Tuesday. The conflict in...
From
Mike Schuler
via
gCaptain
Sweden Boards Suspected ‘Stateless’ Cargo Ship in Baltic Sea
Swedish authorities have boarded and taken control of a cargo vessel in the Baltic Sea after determining the ship was operating as a suspected stateless ship, triggering an investigation and raising fresh concerns about illicit cargo flows tied to Russia’s war in Ukraine.
From
Jim Roemer
via
Barchart
(VIDEO) From Grains to Coffee: Weather & War are Wrenching Commodity Prices
Jim's video covers all bases in this wildcard war scenario
From
Austin Schroeder
via
Barchart
Soybeans Heads into the Weekend with a Rally
Soybeans rallied 16 ¾ to 21 ½ cents in the old crop contracts on Friday, as other contracts were 5 to 12 ½ cents higher. May beans were up 30 cents this week, as November rallied 18 ½ cents. The cmdtyView national average Cash Bean price was up 21 1/4...
From
Austin Schroeder
via
Barchart
Wheat Rallies into the Friday Close
The wheat complex is continued the rally into Friday, with contracts up sharply across the three markets. Chicago SRW futures were up 24 ½ to 33 cents at the close, as May was 25 ¼ cents higher this week. KC HRW futures were 23 ½ to 31 cents in the...
From
Austin Schroeder
via
Barchart
Corn Rallies into the Weekend
Corn futures posted gains of 3 ¾ to 8 ¼ cents across the board on Friday, as May managed a 12 cent gain on the week and December up 15. Crude oil futures continued the rally and spillover support into Friday, up $10.22 as President Trump indicated the strikes would...
From
Sean Lusk
via
Barchart
Grain Spreads: Wheat Strangle Suggested
Not Staying at Current Levels in Wheat
From
Lori Ann LaRocco
via
gCaptain
Iranian Shadow Fleet and Greek Affiliated Ships Lead Strait of Hormuz Transits
Recent vessel tracking data details the continued movements of Iranian dark vessels as well as other ships moving through the Strait of Hormuz.
From
Chris Swift
via
Barchart
Shootin' the Bull about volatility and price expanse
In my opinion, what a week of price volatility and expanse. While not one for the record books, it is noticeable.