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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
Reuters
via
gCaptain
Will Trump’s Iran Strikes Break the Global Oil Market?
U.S.-Israeli strikes on Iran and Tehran's retaliatory attacks across the Persian Gulf are disrupting oil exports from a region that supplies 20% of global demand. Oil majors have suspended Strait of Hormuz shipments as tanker operators assess security risks.
From
John Konrad
via
gCaptain
Major US Navy Base in Bahrain Hit By Iran
Iranian missiles struck the U.S. Navy's Fifth Fleet headquarters in Bahrain on Saturday after the U.S. and Israel launched a major attack on Iran, triggering retaliatory strikes across the Middle East and forcing American military families into shelters.
From
Darren Carlat
via
Barchart
How Professional Traders Use Calendar Spreads to Reduce Volatility and Improve Consistency
Professional traders often rely on calendar spreads to reduce directional volatility and improve consistency by trading relationships rather than outright price movements.
From
John Konrad
via
gCaptain
U.S. Navy Declares Maritime Warning Zone Across Persian Gulf
The U.S. Navy declared a maritime warning zone across the Persian Gulf after strikes on Iran prompted retaliation, with oil majors suspending shipments through the Strait of Hormuz as the conflict threatens 21 million barrels of daily oil flow.
From
Paul Morgan
via
gCaptain
Houthis Signal Renewed Red Sea Shipping Attacks After U.S.–Israeli Strikes on Iran
The maritime security environment in the Middle East deteriorated sharply on Saturday following confirmed United States and Israeli strikes on Iran, with Yemen’s Houthi movement signalling that it intends to...
From
Bloomberg
via
gCaptain
Hormuz Traffic Slows After Strike On Iran
A number of oil tankers are avoiding sailing through Hormuz shipping strait that links the oil-rich Persian Gulf to the open seas, with some shipowners taking a caution-first approach to the narrow waterway after the US and Israel bombed Iran.
From
Bloomberg
via
gCaptain
US And Israel Launch Attacks on Iran
(Bloomberg) The US and Israel began striking targets across Iran, with President Donald Trump urging Iranians to overthrow the government in a conflict that threatens to spiral across the oil-rich...
From
Mike Schuler
via
gCaptain
Australia Concludes 24-Day Operation to Protect Great Barrier Reef from Disabled Bulk Carrier
The Australian Maritime Safety Authority (AMSA) has wrapped up a 24-day emergency response after a disabled bulk carrier suffered engine failure in the Coral Sea, triggering a complex operation to keep the...
From
Jim Roemer
via
Barchart
"El Niño neutral” or El Niño: Impact on grains and global commodity markets
Jim's big question here is: "Will there be an El Niño summer?"
From
Austin Schroeder
via
Barchart
Soybeans Finds Late Strength to Post Gains on Friday
Soybeans 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 13 ¼ cents on the week. The cmdtyView national average Cash Bean price was up 9 1/4 cents at $10.94. Soymeal futures were steady...
From
Austin Schroeder
via
Barchart
Wheat Leads the Grain Rally on Friday
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 11 ¼ cents. KC HRW futures were 17 to 21 ¼ cents in the green, as May was still down...