.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
Mike Schuler
via
gCaptain
Washington Moves to Break Hormuz Shipping Paralysis With $20B Maritime Insurance Plan
The Trump administration on Friday unveiled a $20 billion maritime reinsurance facility aimed at restoring confidence in commercial shipping through the Persian Gulf, moving to operationalize a federal insurance backstop...
From
Mike Schuler
via
gCaptain
Four Seafarers Killed in Hormuz Attack, IMO Chief Warns of Growing Risk to Crews
At least four seafarers have reportedly been killed in an attack on a tug operating near the Strait of Hormuz, prompting a warning from the head of the International Maritime Organization that civilian...
From
Austin Schroeder
via
Barchart
Wheat Rally Continues on Friday
The wheat complex is continued the rally into Friday, with contracts up sharply across the three markets. Chicago SRW futures are up 25 to 28 cents at the close. KC HRW futures are 20 to 27 cents in the green so far on the day. MPLS spring wheat is 18...
From
Austin Schroeder
via
Barchart
Soybeans Extending Rally to Friday
Soybeans are pushing higher again on Friday, with midday gains of 18 to 20 cents in the front months. The cmdtyView national average Cash Bean price is up 18 3/4 cents at $11.24 1/4. Soymeal futures are $7.50 to $8.50 higher on the day, with Soy Oil futures 45 to...
From
Austin Schroeder
via
Barchart
Corn Rally Pushes Higher on Friday
Corn futures are showing 4 to 7 cent gains so far on Friday. There were 5 deliveries against March corn futures overnight. Crude oil futures are up $10.10 at midday to continue the spillover support. The CmdtyView national average Cash Corn price is up 4 1/4 cents to $4.16. Export...
From
Reuters
via
gCaptain
Report: Russia Providing Iran Targeting Data on U.S. Warships in Middle East
Russia is providing Iran with targeting information that includes locations of U.S. warships and aircraft in the Middle East, the Washington Post reported on Friday, citing three officials familiar with the intelligence.
From
Reuters
via
gCaptain
Maritime Insurance Premiums Surge as Iran Conflict Widens
As the conflict in the Gulf widens, maritime insurance premiums for war coverage are surging -- in some cases by more than 1000% -- dramatically driving up the cost of moving energy through a critical maritime corridor.
From
Bloomberg
via
gCaptain
Qatar Appears to Have Loaded First LNG Cargo Since Force Majeure
Qatar appears to have loaded its first liquefied natural gas cargo after the widening conflict in the Middle East forced it to halt fuel production and declare an unprecedented force majeure to buyers.
From
Paul Morgan
via
gCaptain
When the Underwriters Blinked: What the Hormuz Insurance Crisis Really Means
The viral social media post claimed Donald Trump had just "killed the British Empire" in a matter of minutes. The truth is simultaneously more complicated, more interesting, and in some ways more consequential than that.
From
Jim Wyckoff
via
Barchart
How Much Higher Can Corn Prices Go in March 2026?
May corn futures present a buying opportunity on more price strength.
From
Mike Schuler
via
gCaptain
CK Hutchison Escalates Legal Fight After Panama Seizes Canal Ports
Hong Kong–based CK Hutchison Holdings said Friday it has intensified its legal response to Panama’s takeover of two key container terminals near the Panama Canal, escalating a dispute that has already drawn in major global shipping companies and geopolitical powers.
From
Austin Schroeder
via
Barchart
Soybeans Gains Extending to New Highs on Friday Morning
Soybeans are trading with 7 to 11 cent gains so far on Friday morning. Crude oil continues to provide some more spillover support, up another $5.32 on Friday morning. Bean futures were higher on Thursday led by the bean oil market, as the raw beans were up 3 to 9...