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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
John Konrad
via
gCaptain
Hegseth Holds Press Conference, Shipping Lanes Key Reason For Iran Strikes
Secretary of War Pete Hegseth stood at the Pentagon press podium this morning and named Iran’s threat to “global shipping lanes” as a core justification for Operation Epic Fury —...
From
Oliver Sloup
via
Barchart
Grain Markets Come Alive!
Volatility and range expansion has been evident in the grain markets over the last few weeks. Will volatility continue to expand into the Spring?
From
Mike Schuler
via
gCaptain
Shipping Industry Demands Seafarer Protection as Hormuz Crisis Escalates
Major shipping organizations and maritime authorities are calling for the protection of seafarers and civilian vessels as escalating conflict in the Middle East continues to disrupt global trade routes and...
From
Lori Ann LaRocco
via
gCaptain
Shadow Fleet Surge: Iran Moved Record Crude Before Operation Epic Fury
By Lori Ann LaRocco – Three vessels involved in the transport of sanctioned Iranian oil have been struck in the first 24 hours of Operation Epic Fury. Oil tankers Skylight,...
From
Mike Schuler
via
gCaptain
U.S.-Flagged Tanker Security Program Ship ‘Stena Imperative’ Hit in Bahrain, Shipyard Worker Killed
A Crowley-managed product tanker was struck by projectiles while berthed at the Port of Bahrain early Monday, killing one shipyard worker and injuring two others in the latest escalation of...
From
Bloomberg
via
gCaptain
Oil Shipping Costs Soar as Iran Conflict Chokes Hormuz
A venture that’s taken a dominant position in the global market for oil supertankers is asking for sky-high charter fees to deliver Middle East crude as the Iran war sends rates spiraling upward.
From
Reuters
via
gCaptain
Qatar Halts LNG Output, Saudi Refinery, Israeli Oil, Gas Fields Shut Amid Mideast Strikes
Qatar halted its production of liquefied natural gas on Monday as Israeli and U.S. strikes against Iran and Tehran's retaliation prompted precautionary shutdowns of oil and gas facilities across the Middle East.
From
Reuters
via
gCaptain
Ship War Risk Insurance Canceled After Iran Strikes
By Emily Chow and Jeslyn Lerh SINGAPORE (Reuters) – Marine insurers are cancelling war risk coverage for vessels and oil shipping rates are set to surge further after the widening...
From
Austin Schroeder
via
Barchart
Soybeans Fading Higher Open on Monday Morning
Soybeans are falling 5 to 7 cents on Monday morning, after shooting higher at the Sunday night open, with some new crop contracts higher. Futures posted Friday gains of 6 to 10 cents in the nearby contracts, as May was up 17 ½ cents on the week. November was up...
From
Austin Schroeder
via
Barchart
Wheat Mixed in Early Monday Trade
Wheat is trading with 2 to 5 cent gains in the hard red contracts, with the soft red complex weaker. The wheat complex rallied across all three markets on Friday, to lead the grain complex. Chicago SRW futures posted 15 to 19 ½ cent gains on Friday, with May up...
From
Austin Schroeder
via
Barchart
Corn Starting Monday with Mostly Higher Trade
Corn price action is showing fractional to 2 cent gains so far on Monday, with in delivery March the lone exception. Futures posted gains of 4 to 5 ½ cents across the front months on Friday, as May managed an 8 ¾ cent gain last week. Friday’s open interest rose...
From
Malte Humpert
via
gCaptain
Russian Arctic LNG Tankers Keep Red Sea Route Despite Middle East Turmoil
Russia’s Arctic LNG shadow fleet appears to be operating largely undeterred by escalating conflict in the Middle East, with at least seven tankers recently transiting or currently en route through the Red Sea and Bab el-Mandeb strait en route to and from Asia, even as many global shipping operators reroute to avoid the region.