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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
Malte Humpert
via
gCaptain
‘Thamesborg’ Completes Arctic Northwest Passage After Last Year’s Grounding
Dutch general cargo vessel Thamesborg has safely completed its first transit of Canada’s Northwest Passage since running aground on an uncharted shoal in the route last year, with the vessel passing within a few nautical miles of the site of the accident.
From
Reuters
via
gCaptain
Tankers Stack Up as Venezuela Sells Oil Faster Than Its Ports Can Handle
Venezuela's dilapidated oil port terminals are imposing a de facto export cap on the country's resurgent crude production, with tankers having to wait up to 30 days to load because of aging infrastructure, power outages and quality issues, according to shipping data, sources and documents.
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
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.
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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...
From
Bloomberg
via
gCaptain
US Sinking of Iranian Warship Piles Pressure on India’s Modi
The US sinking of an Iranian warship off Sri Lanka’s coast expands the deepening Middle East war to India’s doorstep, unsettling New Delhi’s calibrated approach to the conflict as Iran vowed to avenge the attack.
From
Chris Swift
via
Barchart
Shootin' the Bull about $80.00 plus crude oil and $3.60 plus diesel fuel
Trading was ground to a pencil point in the fats today. Traders appeared very indecisive as oil breached and remained above $80.00 per barrel and diesel fuel now trading over $3.60.
From
Mike Schuler
via
gCaptain
Trump Fires DHS Secretary Kristi Noem After Turbulent Maritime Tenure
President Donald Trump has removed Kristi Noem as Secretary of the U.S. Department of Homeland Security, ending a tenure that reshaped several key maritime policies—from historic funding for Coast Guard modernization and Arctic...
From
Mike Schuler
via
gCaptain
Container Shipping Rates Rise as Asian Factories Reopen—But Hormuz Crisis Threatens New Shock
Global container shipping rates edged higher this week as Asian export activity begins to rebound following the Lunar New Year holiday, with carriers preparing to restore capacity across major trade lanes—though...
From
Austin Schroeder
via
Barchart
Soybeans Rallying on Thursday, with Bean Oil Strength
Soybeans are 7 to 8 cents in the green on Thursday, as the bean oil rally continues. There were another 244 deliveries issued overnight. The cmdtyView national average Cash Bean price is yp 7 1/2 cents at $11.03 1/4. Soymeal futures are steady to 30 cents lower on the day,...
From
Austin Schroeder
via
Barchart
Corn Rallying on Thursday with Outside Support and Solid Export Business
Corn futures are trading with 6 to 8 ¼ cent gains across most contracts on Thursday’s midday. Crude oil is nearing the $80 level, up $4.78 at midday and providing some spillover support. The CmdtyView national averageCash Corn price is up 7 1/4 cents to $4.10 1/2. Export Sales data...
From
Austin Schroeder
via
Barchart
Wheat Rallying Back with Double Digit Gains at Midday
The wheat complex is trading with double digit gains across the three exchanges on Thursday. Chicago SRW futures are up 13 to 14 cents at midday. KC HRW futures are 17 to 19 cents in the green on Thursday. MPLS spring wheat is 10 to 11 cents higher so far...
From
Lori Ann LaRocco
via
gCaptain
Over 270,000 TEU Stranded as Container Carriers Halt Gulf Cargo Bookings
Hundreds of thousands of containers are in limbo after ocean carriers suspend cargo bookings to Arabian Container Ports.