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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
Soybeans Nearing Fall Highs Early on Thursday
Soybeans are up 4 to 7 ½ cents so far on Thursday morning. Futures were supported by strength in soybean meal on Wednesday, with contracts up 8 to 10 cents. Open interest was down 26,072 contracts in March, with May up 12,641 contracts. The cmdtyView national average Cash Bean price...
From
Austin Schroeder
via
Barchart
Wheat Mixed on Thursday Morning
Wheat is showing mixed action on Thursday morning. The wheat complex posed weakness in the winter wheats on Wednesday, as spring wheat turned higher at the close. Chicago SRW futures closed the midweek session with contracts 1 to 3 ½ cents lower. Open interest dropped 9,200 contracts on Wednesday. KC...
From
Reuters
via
gCaptain
EU Seeks G7 Coordination on Maritime Services Ban on Russian Seaborne Oil
The European Union needs to coordinate its plan to impose a full maritime services ban on Russia's seaborne crude oil exports with other G7 countries before pushing ahead with the measure, the EU's sanctions envoy said on Thursday.
From
Bloomberg
via
gCaptain
Iran Ramps Up Oil Tanker Loading as US Builds Military Force
Iran has been loading oil onto tankers at a rapid pace in recent days, a potential sign of the Persian Gulf state’s preparations in case of an attack by the US.
From
Mike Schuler
via
gCaptain
Mercy’s AIS Track Points to Panama Canal—Not Greenland—as Hospital Ship Steams South
One day after departing Alabama Shipyard, the hospital ship USNS Mercy is holding a steady southbound course through the central Gulf of Mexico — and AIS data is offering the clearest signal yet about where the 1,000-bed vessel may be headed.
From
Mike Schuler
via
gCaptain
West Coast Gateway Ports Hold Ground Despite Tariff Turbulence and Policy Whiplash
The nation's two busiest container ports posted double-digit declines in January cargo volumes, but industry leaders say the dip reflects comparison against historic highs rather than structural weakness—even as Supreme Court intervention and rapid-fire tariff policy shifts inject fresh uncertainty into trans-Pacific trade lanes.
From
Austin Schroeder
via
Barchart
Corn Closes Higher on Wednesday
Corn futures posted 2 to 3 ½ cent gains across most contracts on Wednesday. The CmdtyView national average Cash Corn price was up 3 cents to $3.98. With just 2 days left for price discovery for the spring base price for Crop Insurance, December corn has averaged $4.61 this month....
From
Austin Schroeder
via
Barchart
Soybeans Rally with the Help of Meal
Soybeans were supported by strength in soybean meal on Wednesday, with contracts up 8 to 10 cents. The cmdtyView national average Cash Bean price was up 10 cents at $10.85 1/2. Soymeal futures are $4.40 to $7.60 in the front months, with. Soy Oil futures up 7 to 23 points...
From
Austin Schroeder
via
Barchart
Wheat Close Mixed on Wednesday as Futures Pull Off Lows
The wheat complex posed weakness in the winter wheats on Wednesday, as spring wheat turned higher at the close. Chicago SRW futures closed the midweek session with contracts 1 to 3 ½ cents lower. KC HRW futures were down 1 to 3 cents in the front months on Wednesday. MPLS...
From
Mike Schuler
via
gCaptain
Florida Speedboat Incident in Cuban Waters Leaves Four Dead, Sparks Diplomatic Tensions
A confrontation between Cuban Border Guard forces and a Florida-registered speedboat in Cuban territorial waters has left four people dead and six injured, escalating tensions between the United States and...
From
Walsh Trading
via
Barchart
Chart of the Day - November Soybeans
A strong close for new crop Soybeans may offer early hedging opportunities.