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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
Mike Schuler
via
gCaptain
World’s LNG System Strains as Qatar Halt Leaves Little Backup Supply
Companies in the United States and Australia, two of the top global liquefied natural gas producers, have little spare capacity to offset lost supply after Qatar halted production and declared force majeure on shipments due to the conflict in the Middle East, according to Reuters calculations and industry analysts.
From
Mike Schuler
via
gCaptain
Hormuz Crisis Triggers War-Risk Measures for Seafarers
The global shipping industry is raising urgent warnings about the safety of civilian seafarers as escalating conflict in the Middle East halts commercial traffic through the Strait of Hormuz, strands hundreds of vessels, and forces insurers, labor groups, and shipowners to enact emergency measures.
From
Mike Schuler
via
gCaptain
Insurers Say War Cover Still Available for Gulf Voyages as Shipping Crisis Deepens
War risk insurance for vessels transiting the Persian Gulf and Red Sea remains available despite a wave of cancellations tied to the escalating conflict in the Middle East, according to the International Union of Marine Insurance, offering a limited pathway for ships considering a return to the region.
From
Oliver Sloup
via
Barchart
Corn Futures Continue to Offer Ample Opportunities
Corn futures held where they needed to in yesterday’s session. Can the market use that to propel a rally back above 450?
From
Malte Humpert
via
gCaptain
Russian ‘Shadow Fleet’ LNG Tankers Reroute After Blast Sinks ‘Arctic Metagaz’ in Mediterranean
Russia’s sanctioned Arctic LNG 2 export network is showing early signs of disruption after an explosion sank one of its shadow fleet carriers in the Mediterranean this week, forcing other tankers to halt or reroute and raising new questions about the security of a key shipping corridor.
From
Bloomberg
via
gCaptain
France, Italy, Greece to Help Ensure Red Sea Shipping Transit
France has reached out to the governments of Italy and Greece to coordinate efforts in the Eastern Mediterranean as tensions over the war in Iran flare, a person close to French President Emmanuel Macron said.
From
Reuters
via
gCaptain
Iranian Warship Sunk by US Torpedo Participated in Indian Drill
The U.S. attack on an Iranian warship in the Indian Ocean this week was the first time since World War Two that the United States has sunk an enemy vessel with a torpedo.
From
Austin Schroeder
via
Barchart
Corn Slightly Higher to Start Thursday AM Trade
Corn price action is up 1 to 2 cents so far on Thursday morning. Futures posted losses of 2 to 3 cents across most contracts on Wednesday. Preliminary open interest was down 16,636 contracts on Wednesday. The CmdtyView national average Cash Corn price was down 3 1/2 cents to $4.02...
From
Austin Schroeder
via
Barchart
Soybeans Firming to Start Thursday
Soybeans are showing Thursday AM gains of 1 to 3 cents. Futures rounded out Wednesday trade with slight weakness, as contracts were fractionally to 1 ¼ cents lower. Open interest was up 4,838 contracts on Wednesday. There were another 244 deliveries issued overnight. The cmdtyView national average Cash Bean price...
From
Austin Schroeder
via
Barchart
Wheat Losses Push to Wednesday’s Close
Wheat is back to higher trade on Thursday morning, up 2 to 7 cents The wheat complex was lower across the three exchanges on Wednesday. Chicago SRW futures were down 5 to 6 cents at the close. Open interest was up 3,401 contracts on Wednesday. KC HRW futures were 5...
From
Mike Schuler
via
gCaptain
‘Large Explosion’ Reported on Tanker Near Kuwait as Small Craft Seen Fleeing, UKMTO Says
A tanker anchored off Kuwait reported a large explosion late Tuesday followed by the departure of a small craft from the area, raising fresh concerns about maritime security in the...
From
Walsh Trading
via
Barchart
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