.svg){kind=icon}
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.
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Mike Schuler
via
gCaptain
CENTCOM: US Forces Struck Iranian Drone Carrier Shahid Bagheri in Opening Hours of Iran Campaign
Within hours of launching Operation Epic Fury on Iran, U.S. forces struck the Shahid Bagheri, Iran’s first dedicated drone carrier, according to the U.S. military. U.S. Central Command made the announcement...
From
Austin Schroeder
via
Barchart
Wheat Bulls Giving Back Some Friday Gains on Monday
The wheat complex is giving back some of the trade from Friday so far on Monday. Chicago SRW futures are down 15 to 16 cents across most contracts. KC HRW futures are down 8 to 9 cents so far at midday. MPLS spring wheat is down 4 to 6 cents...
From
Austin Schroeder
via
Barchart
Corn Slipping Lower on Monday
Corn futures are down 3 to 4 cents across most contracts on Monday, with March down 6 cents. There were 448 deliveries issued on Friday night. The CmdtyView national average Cash Corn price was up 3 3/4 cents to $4.03 3/4. Export Inspections data showed corn shipments at 1.858 MT...
From
Austin Schroeder
via
Barchart
Soybeans Fading Lower at Monday’s Midday
Soybeans are 6 to 9 cents across most contracts on Monday, fading off overnight gains. There were another 158 deliveries issued on Friday evening. The cmdtyView national average Cash Bean price is down 3 1/2 cents at $10.89 1/2. Soymeal futures are falling $6.50 to $7 at midday. Soy Oil...
From
Mike Schuler
via
gCaptain
Red Sea Corridor Slips Back Into Crisis as Houthi Threats Resurface
The brief reprieve in Red Sea shipping attacks ended this weekend as Yemen's Houthi movement signaled an imminent return to targeting commercial vessels, casting a shadow over what had been a fragile recovery in one of the world's most critical maritime corridors.
From
Mike Schuler
via
gCaptain
Strait of Hormuz Enters Active Crisis: Five Ships Hit, Traffic Collapses, Tanker Markets Brace for Historic Shock
The Strait of Hormuz has entered its most dangerous phase in years after a concentrated wave of missile and drone attacks struck five commercial vessels across the Gulf of Oman...
From
Oliver Sloup
via
Barchart
Grain and Livestock Markets are on the Move!
Grain and livestock markets have seen ranges expand to start the week, presenting tradable opportunities for participants on both sides of the market. Here’s what’s on our radar.
From
Andrew Hecht
via
Barchart
Commodity Roundup- February’s Top Performers and Underperformers
Precious metals and most energy prices moved higher in February. Three of the five soft commodities, natural gas, and cryptocurrencies posted double-digit percentage declines.
From
Jim Wyckoff
via
Barchart
Looking for the Next Silver Rally? Speculative Bulls Are Turning to Grain Futures.
Big fund traders are starting to play the long side of wheat, corn, and soybean futures.
From
Reuters
via
gCaptain
Iran Conflict Forces Middle East Oil Shutdowns, Strands 150 Ships at Hormuz
Oil and gas prices surged as Israeli and U.S. strikes on Iran disrupted Middle East facilities and shipping through the Strait of Hormuz. Four tankers damaged, one seafarer killed, and 150 ships stranded as Qatar declares force majeure on LNG shipments.
From
Bloomberg
via
gCaptain
Qatar LNG Shutdown Sends European Gas Prices Surging Over 50%
Qatar shut down LNG production at the world's largest export facility after an Iranian drone attack, sending European gas prices surging over 50%. QatarEnergy's Ras Laffan plant covers a fifth of global supply.