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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
Mike Schuler
via
gCaptain
Red Sea Comeback Falters as Maersk Diverts Ships Back Around Cape
Less than a month after restarting limited Red Sea transits, Maersk is once again rerouting select services around the Cape of Good Hope, underscoring how fragile the industry’s return to the Suez corridor remains.
From
Bill Baruch
via
Barchart
Grain Markets Look to Round Out the Week on a High Note
Grain markets have had an impressive week and are on the verge of ending the week on a high note. Is the Spring rally getting started?
From
Reuters
via
gCaptain
Panama Officials Search CK Hutchison’s Subsidiary Office, Source Says
Panamanian authorities searched a ports unit of Hong Kong conglomerate CK Hutchison 0001.HK in Panama on Thursday, according to a person familiar with the operation, escalating a rift over control of two key ports in the strategic waterway.
From
Bloomberg
via
gCaptain
Huge Supertanker Bet Keeps Growing With US Gulf Locked Up
A shipowner’s once-in-a-generation wager on oil tankers has made it so powerful that it controls an overwhelming majority of supertankers that can collect American oil next month.
From
Darin Newsom
via
Barchart
Why I Hate Variable Storage Rates
As Q3 comes to a close for the various Wheat markets, it's time for me to yell into the wind again about the CME's Variable Storage Rate program.
From
Austin Schroeder
via
Barchart
Wheat Rallying as Traders Look to Close Out February
Wheat is shooting higher across the three markets on Friday morning, as the winter wheats are leading the charge. The wheat complex was mixed on Thursday, as some contracts found some late-day strength. Chicago SRW futures were up 4 to 6 cents in the front months. Open interest was up...
From
Austin Schroeder
via
Barchart
Corn Trading with Friday AM Gains
Corn futures are trading with 2 to 5 cent gains early on Friday. Bulls found some late day momentum to push 1 to 3 cents higher at the close. Open interest dropped 19,806 contracts overall on Thursday, with 45,855 contracts laving March. First notice day showed just 9 deliveries overnight...
From
Austin Schroeder
via
Barchart
Soybeans Showing Gains Early on Friday
Soybeans are trading 3 to 6 cents higher so far on Friday. Futrues were down 1 to 2 cents across the front months on Thursday. Open interest was up 5,652 contracts on Thursday. There were 138 deliveries issue against March soybean futures overnight. The cmdtyView national average Cash Bean price...
From
Murali Sarma
via
Barchart
Livestock and Grains round up and our actionable playbook for the last trading session in February'26
We analyze Livestock and Grains sector in this very brief report
From
Bloomberg
via
gCaptain
Sinokor’s VLCC Blitz Sends U.S. Gulf Rates to Pandemic-Era Highs
A shipowner’s once-in-a-generation wager on oil tankers has made it so powerful that it controls an overwhelming majority of supertankers that can collect American oil next month.
From
Reuters
via
gCaptain
Panama Officials Search CK Hutchison’s Local Office, Source Says
Panamanian authorities searched a ports unit of Hong Kong conglomerate CK Hutchison in Panama on Thursday, according to a source familiar with the operation, escalating a rift over control of two key ports in the strategic waterway.
From
Austin Schroeder
via
Barchart
Wheat Closes Mixed on Thursday, as Bulls Make a Late Push
The wheat complex was mixed on Thursday, as some contracts found some late-day strength. Chicago SRW futures were up 4 to 6 cents in the front months. KC HRW futures were down 1 to 2 cents at the close. MPLS spring wheat was steady to 2 cents in the green...