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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
Austin Schroeder
via
Barchart
Wheat Leading the Rally to Start Friday
Wheat is showing double digit gains continue on Friday morning in the three markets. Crude oil is up another $5.32 on Friday morning to provide some more spillover support. The wheat complex posted digit gains across the three exchanges on Thursday. Chicago SRW futures were up 12 to 16 cents...
From
Austin Schroeder
via
Barchart
Corn Continuing Gains on Friday Morning
Corn prices are up 2 to 5 cents so far on the last session of the week. Crude oil is up another $5.32 on Friday morning to provide some more spillover support. Futures closed out Thursday trade with most contracts 6 to 9 ¾ cents higher. Some deferred contracts were...
From
Bloomberg
via
gCaptain
Reinsurers Scrap War-Risk Cover After US Torpedoes Iranian Ship
London-based reinsurers are issuing seven-day cancellation notices on marine war-risk coverage after a US submarine torpedoed an Iranian warship off Sri Lanka, amplifying risk perception, according to people familiar with the matter.
From
Reuters
via
gCaptain
Qatar Energy Minister Warns War Will Force Gulf to Halt Energy Exports Within Weeks, FT Says
Qatar expects all Gulf energy producers to shut down exports within weeks if the Iran conflict continues and drives oil to $150 a barrel, the country's Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Friday.
From
Darin Newsom
via
Barchart
Was the Commodity Complex F.O.I.L.-ed Again Overnight Through Early Friday Morning?
We can read the fear of inflation in as the US dollar and commodity complex rally together while US stock indexes continue to slide.
From
Mike Schuler
via
gCaptain
U.S. Grants 30-Day Waiver Allowing India to Receive Russian Oil Cargoes Already at Sea
The U.S. Treasury Department has issued a temporary sanctions waiver allowing Indian refiners to receive Russian crude oil cargoes already loaded on tankers, a narrowly targeted move aimed at preventing...
From
Nick Ehrenberg
via
Barchart
A look at the 38.2% Fibonacci retracement with the ONE44 rules and guidelines.
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Facts are Stubborn - Cattle Numbers are Low
From
Austin Schroeder
via
Barchart
Soybeans Join the Thursday Rally, with Bean Oil Paving the Way
Soybeans were higher on Thursday led by the bean oil market, as the raw beans were up 3 to 9 ¾ cents at the close, led by the nearbys. The cmdtyView national average Cash Bean price was up 9 3/4 cents at $11.05 1/2. Soymeal futures were 50 cents to...
From
Austin Schroeder
via
Barchart
Wheat Leads Grain Rally on Thursday
The wheat complex posted digit gains across the three exchanges on Thursday. Chicago SRW futures were up 12 to 16 cents at the close. KC HRW futures were 13 to 20 cents in the green on the day. MPLS spring wheat was 6 ½ to 10 1/2 cents higher on...
From
Austin Schroeder
via
Barchart
Corn Rally on Thursday with Crude Oil Gains
Corn futures closed out Thursday trade with most contracts 6 to 9 ¾ cents higher. Some deferred contracts were steady to 4 ¾ cents in the green. Excellent Export Salse data and a crude oil market rallying $4.23 provided some support. The CmdtyView national average Cash Corn price was up...