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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 Posts Friday Rally to Close February
Corn futures posted gains of 4 to 5 ½ cents across the front months on Friday, as May managed an 8 ¾ cent gain this week. The CmdtyView national averageCash Corn price was up 5 3/4 cents to $4.06 1/4. The spring base Crop Insurance price was set at the...
From
Chris Swift
via
Barchart
Shootin' the Bull about doing such a great job, everyone wants to join in
Lastly, cattlemen have bid inventory to levels that have encouraged other producers, outside of the US, to increase production capabilities.
From
Mike Schuler
via
gCaptain
Corpus Christi Expansion Cements U.S. Position as Global LNG Export Leader
U.S. Secretary of Energy Chris Wright signed an export authorization yesterday for a 12% expansion at Cheniere Energy’s Corpus Christi liquefied natural gas terminal, underscoring America’s continued dominance in global...
From
The Loadstar
via
gCaptain
Freight Rates Stall After Lunar New Year as Carriers Eye Blank Sailings
Container freight spot rates on the major trades saw limited movement this week as supply chains in China slowly began to restart following the new year holiday.
From
Reuters
via
gCaptain
France Says ‘Ridiculous Provocation’ if Russia Behind Drone Near Charles de Gaulle Carrier
Sweden shot down an unidentified drone near France's Charles de Gaulle aircraft carrier docked in Malmo. French Foreign Minister calls it a "ridiculous provocation" if Russia is behind the incident, marking the latest drone activity near NATO assets.
From
Austin Schroeder
via
Barchart
Soybeans Posting Friday Gains to Round Out February
Soybeans are posting 5 to 6 cent gains in the nearby contracts on Friday. There were 138 deliveries issue against March soybean futures overnight. The cmdtyView national average Cash Bean price is up 5 3/4 cents at $10.89 1/2. Soymeal futures are steady to $1.90 lower in the front months,...
From
Austin Schroeder
via
Barchart
Wheat Rallying on Friday
The wheat complex is rallying across all three markets on Thursday. Chicago SRW futures are 18 to 21 cents higher on Friday. KC HRW futures are trading 18 to 19 cents higher across most contracts. MPLS spring wheat are up 13 to 16 ½ cents so far on the day....
From
Austin Schroeder
via
Barchart
Corn Rallying on Friday
Corn futures are trading with gains of 5 to 6 cents in the front months on Friday. First notice day showed just 9 deliveries overnight all issued by the Bunge house account. The CmdtyView national average Cash Corn price is up 6 1/4 cents to $4.07 3/4. The spring base...
From
Bloomberg
via
gCaptain
Russian Oil Tanker Diverts From Cuba as Trump Naval Blockade Deters Shipments
The tanker Sea Horse carrying 200,000 barrels of Russian gas oil diverted from Cuba and is now drifting in the North Atlantic. The move worsens Cuba's fuel crisis as Trump's Caribbean naval blockade deters shipments to the island.
From
Mike Schuler
via
gCaptain
U.S. Moves to Permanently Seize Sanctioned Tanker ‘Skipper’ and $150M Oil Cargo
The U.S. Department of Justice has filed a civil forfeiture complaint seeking to permanently seize the motor tanker Skipper and its roughly 1.8 million-barrel cargo of Venezuelan crude, marking the latest move in Washington’s expanding crackdown on oil shipments tied to Iran and Venezuela’s shadow fleet networks.