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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
Corn Posting Wednesday Weakness
Corn futures are down 2 to 4 cents across most contracts on Wednesday. There was just 1 delivery issued against March corn overnight. The CmdtyView national average Cash Corn price is down 4 cents to $4.02 3/4. USDA reported another private export sale of 125,000 MT of corn to unknown...
From
Mike Schuler
via
gCaptain
Containership Hit by Projectile in Strait of Hormuz as Maritime Attacks Escalate
A containership transiting the Strait of Hormuz was struck by a projectile on Wednesday, damaging the vessel and forcing the crew to abandon ship in the latest escalation of attacks...
From
Reuters
via
gCaptain
Belgium Imposes €10 Million Bail on Russian Shadow Fleet Tanker Ethera
Belgium detained Russian oil tanker Ethera and imposed a €10 million bail after discovering 45 violations including sailing under a false Guinean flag. The vessel is part of Russia's shadow fleet circumventing Western sanctions on oil exports.
From
Bloomberg
via
gCaptain
Qatar’s $100B LNG Empire Just Lost Its Premium Status Overnight
Iranian drone attack forces Qatar to shut down Ras Laffan LNG facility for first time in 30 years, threatening a fifth of global supply. European gas prices surge 50% as Energy Minister Al-Kaabi scrambles to reassure buyers and find replacement cargoes.
From
Mike Schuler
via
gCaptain
U.S. Submarine Torpedoes Iranian Frigate in Indian Ocean in First Wartime Strike of its Kind Since World War II
An Iranian Navy warship has been sunk by a U.S. Navy attack submarine in the Indian Ocean, marking what U.S. officials say is the first time since World War II...
From
Mike Schuler
via
gCaptain
BIMCO Says Trump’s Tanker Insurance Plan Could Encourage Gulf Transits—But Naval Escorts Face Limits
The world’s largest shipping association says a proposal by U.S. President Donald Trump to provide political risk insurance for vessels operating in the Persian Gulf could help restore some confidence...
From
Oliver Sloup
via
Barchart
Tradable Opportunities in Grains
Daily ranges in the grain markets have been expanding recently. It’s been a choppy back and forth trade and difficult for those with a longer-term time horizon, but shorter-term opportunities remain plentiful.
From
Austin Schroeder
via
Barchart
Wheat Falling on Wednesday Morning
Wheat is showing losses across the three markets, with Chicago leading the way lower. The wheat complex was mixed on Tuesday, with hard red contracts pushing higher gains. Chicago SRW futures closed 2 to 4 cents lower on Tuesday. Open interest was down 2,498 contracts. KC HRW futures were 3...
From
Austin Schroeder
via
Barchart
Soybeans Easing Lower to Early on Wednesday
Soybeans are trading with weakness across most contracts on Wednesday morning. Futures saw late session strength, with contracts closing 5 to 7 cents higher. Open interest was up 11,056 contracts on Tuesday, mostly in the new crop months. There were another 244 deliveries issued overnight. The cmdtyView national average Cash...
From
Austin Schroeder
via
Barchart
Corn Falling Lower to Start Wednesday Trade
Corn price action is down 1 ¼ to 3 ¼ cents in the front months. Futures posted gains across most contracts on Tuesday, with contracts fractionally to 2 cents higher. Crude oil strength was supportive. Tuesday’s preliminary open interest was down 14,092 contracts, mostly in the old crop contracts, as...
From
Bloomberg
via
gCaptain
Trump’s Hormuz Assurances Only a Partial Fix, Shippers Say
President Donald Trump says the US will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the shipping industry sees it — at best — as only a partial solution to a historic crisis.
From
Reuters
via
gCaptain
Iranian Warship Sinks Off Sri Lanka, Bodies Recovered at Sea
An Iranian warship has sunk off the coast of Sri Lanka, with the Sri Lankan authorities saying on Wednesday they had rescued 32 people who were on board and recovered several bodies from the sea.