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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
Wheat Mixed at Midday
The wheat complex is mixed on Tuesday, with hard red contracts seeing gains. Chicago SRW futures are down 3 to 6 cents across most contracts. KC HRW futures are steady to a penny higher. MPLS spring wheat is firm to 2 cents higher. The next 7 days are wet for...
From
Reuters
via
gCaptain
White House Weighs U.S. Backstop for Tanker Insurance Amid Gulf Shipping Crisis
President Donald Trump will review a set of policy options on Tuesday aimed at controlling energy prices during the escalating Middle East conflict, including a proposal for the U.S. government to help oil tankers in the region obtain insurance, two sources said.
From
Mike Schuler
via
gCaptain
Container Shipping: Gulf Booking Freeze Triggers Congestion Fears at Global Hubs
By Gavin van Marle (The Loadstar) – After ONE cancelled bookings to Middle East Gulf ports yesterday, its chief executive, Jeremy Nixon, told delegates at the S&P Global TPM event in...
From
Reuters
via
gCaptain
Asia Scrambles for LNG as Qatar Output Halted, India Begins Gas Rationing
India began rationing natural gas on Tuesday while countries around Asia looked to the spot market to replace supplies, activated emergency plans and prepared to step up production, as the conflict in the Middle East curtailed shipping and halted Qatari output.
From
Bloomberg
via
gCaptain
‘Black Swan’ Risks Stalk Container Carriers in Avoiding Iran War
Iran conflict has transformed container shipping from overcapacity concerns to a sudden supply crunch, with 750 ships trapped and insurers refusing coverage. Industry leaders at TPM conference warn of pandemic-style disruptions returning.
From
Reuters
via
gCaptain
London Marine Insurers Expand Gulf High-Risk Zone as Mideast Conflict Escalates
London's marine insurance market has expanded the Gulf high-risk zone to include Bahrain, Djibouti, Kuwait, Oman and Qatar as the Middle East conflict escalates. War risk premiums have surged fivefold following U.S.-Israel airstrikes on Iran, adding hundreds of thousands in costs per shipment.
From
Malte Humpert
via
gCaptain
Russian LNG Carrier ‘Arctic Metagaz’ Reportedly Ablaze Off Malta as Maritime Patrol Aircraft Circles
An LNG carrier identified as the Arctic Metagaz, part of Russia’s emerging shadow fleet transporting sanctioned liquefied natural gas, was reportedly on fire early Tuesday in the central Mediterranean off the coasts of Malta and Libya.
From
Mike Schuler
via
gCaptain
Strait of Hormuz Shockwaves: Drewry Sees Tanker Spike, LNG Bottlenecks, and Trade Rewiring Across Shipping
The effective shutdown of commercial traffic through the Strait of Hormuz has jolted global shipping markets after coordinated U.S. and Israeli strikes on Iran over the weekend triggered the most...
From
Oliver Sloup
via
Barchart
The Grain Rally Marches On!
Grains are strong to start the early morning trade with money flow in energies, offering a tailwind to prices. Can the rally keep charging forward?
From
Austin Schroeder
via
Barchart
Wheat Sneaking Back Higher Early on Tuesday
Wheat is trading with Tuesday morning gains, up 1 to 7 cents across the three markets. The wheat complex was in give back mode on Monday, with all three markets weaker. Chicago SRW futures were down 14 to 17 cents across most contracts. Preliminary open interest was down 2,709 contracts...
From
Austin Schroeder
via
Barchart
Soybeans Back to Higher Trade on Tuesday Morning
Soybeans are shooting higher on Tuesday morning trade, with contracts 9 to 14 cents in the green. Futures were 5 to 8 cents lower in the front months on Monday, with new crop contracts fractionally higher. Open interest rose 10,704 contracts, mainly in May and July. There were another 27...
From
Austin Schroeder
via
Barchart
Corn Posting Tuesday AM Gains
Corn prices are 3 to 5 cents higher so far on Tuesday morning. Crude is up another $4.83, adding some support. Futures rounded out Monday trade, with contracts down fractionally to 5 ½ cents in the nearbys. Deferred new crop contracts were up fractionally to 2 1/4 cents. Open interest...