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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
Trade Court Ruling Opens Door to Tariff Refunds for U.S. Importers
The U.S. Court of International Trade has ordered U.S. Customs and Border Protection to begin unwinding tariffs imposed under the International Emergency Economic Powers Act (IEEPA), directing the agency to...
From
Austin Schroeder
via
Barchart
Wheat Losses Push to Wednesday’s Close
The wheat complex was lower across the three exchanges on Wednesday. Chicago SRW futures were down 5 to 6 cents at the close. KC HRW futures were 5 to 7 cents lower on the session. MPLS spring wheat was down 2 to 4 cents in the red on the midweek...
From
Austin Schroeder
via
Barchart
Corn Eases Lower on Wednesday
Corn futures posted losses of 2 to 3 cents across most contracts on Wednesday. Crude oil was flat most of the day, failing to provide some spillover support. The CmdtyView national average Cash Corn price was down 3 1/2 cents to $4.02 1/4. USDA reported another private export sale of...
From
Austin Schroeder
via
Barchart
Soybeans Slip Lower on Midweek Trade
Soybeans rounded out Wednesday trade with slight weakness, as contracts were fractionally to 1 ¼ cents lower. There were another 244 deliveries issued overnight. The cmdtyView national average Cash Bean price was down 1 3/4 cents at $10.97 3/4. Soymeal futures were down $2.20 to $4.80 on the day, with...
From
Bloomberg
via
gCaptain
US-to-Asia Oil Shipping Hits Record $29 Million as Tanker Rates Explode
It’s never been more expensive to ship crude from the US to Asia, though some deals are starting to fall through already with rates sky-high.
From
Chris Swift
via
Barchart
Shootin' the Bull
Futures traders, or at least the computers, turned into buyers at the get go this morning.
From
Mike Schuler
via
gCaptain
Strait of Hormuz Traffic Grinds to Near Halt as Security Threat Remains ‘Critical,’ Advisory Warns
Commercial shipping through the Strait of Hormuz has slowed to a near standstill as missile attacks, drone threats, and widespread electronic interference continue to rattle the region, according to the...
From
Malte Humpert
via
gCaptain
‘Arctic Metagaz’ Sinks Off Libya After Blast; Moscow Blames Ukrainian Drone Attack
An LNG carrier central to Russia’s sanctioned Arctic gas trade was rocked by an explosion around 4 a.m. on March 3 roughly 150 nautical miles southeast of Malta, in an incident Moscow said was a Ukrainian attack and that could ripple through the Kremlin’s fragile LNG shadow fleet logistics network.
From
Mike Schuler
via
gCaptain
EU Unveils Maritime Industrial and Ports Strategies to Boost Shipbuilding, Security, and Decarbonization
The European Commission on Wednesday unveiled sweeping new strategies aimed at strengthening Europe’s maritime industrial base and modernizing its ports, as Brussels seeks to boost competitiveness, enhance security, and accelerate...
From
Reuters
via
gCaptain
Qatar LNG Shutdown Sends Global Gas Markets Into Turmoil
Qatar declared force majeure on LNG exports amid the U.S.-Israeli war on Iran, shutting down facilities that supply 20% of global liquefied natural gas. The shutdown will take at least a month to reverse, sending gas prices to multi-year highs.
From
Austin Schroeder
via
Barchart
Soybeans Holding Steady on Wednesday
Soybeans are showing most contracts within a penny of unchanged, with front month March down 1 ¾ cents. There were another 244 deliveries issued overnight. The cmdtyView national average Cash Bean price is down 3/4 cent at $10.97 3/4. Soymeal futures are down $3.70 to $4 on the day, with...
From
Austin Schroeder
via
Barchart
Wheat Posting Wednesday Losses
The wheat complex is posting losses across most contracts at midday. Chicago SRW futures are down 6 to 7 cents at midday. KC HRW futures are slipping 6 to 7 cents at midday. There were 91 deliveries issued against March KC wheat overnight. MPLS spring wheat is down 4 to...