.svg){kind=icon}
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.
The APS Information Center
For detailed updates and additional resources, explore our resources section.
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
Chris Swift
via
Barchart
Shootin' the Bull about what is bullish
The feeder cattle market is bullish because there are more producers bidding higher to attract inventory to their production facility.
From
Mike Schuler
via
gCaptain
Moody’s: Port Import Gains From Supreme Court Tariff Ruling May Prove Fleeting
The Supreme Court’s decision striking down sweeping tariffs imposed under emergency powers may provide a temporary lift to U.S. port volumes—but the bump could fade quickly as trade policy uncertainty...
From
Austin Schroeder
via
Barchart
Wheat Holding Lower on Wednesday
The wheat complex is showing weakness on Wednesday, with all three markets lower. Chicago SRW futures are down 3 to 5 cents so far on Wednesday. KC HRW futures are showing 4 to 5 cent losses at midday. MPLS spring wheat is down 2 to 4 cents in the front...
From
Austin Schroeder
via
Barchart
Soybeans Popping Higher, Following Meal Rally
Soybeans are trading with Wednesday gains at midday, with meal leading the charge. The cmdtyView national average Cash Bean price is up 6 1/2 cents at $10.81. Soymeal futures are $7.60 to $8.10 in the front months, with. Soy Oil futures down 7 to 12 points. The forecast for Argentina...
From
Austin Schroeder
via
Barchart
Corn Trading with Wednesday Gains
Corn futures are trading with 1 to 3 ½ cent gains across the front months on Wednesday. The CmdtyView national average Cash Corn price is down a up ¾ cent to $3.96 1/2. With just 3 days left for price discovery for the spring base price for Crop Insurance, December...
From
Reuters
via
gCaptain
Wind Giant Sees Strong U.S. Growth Despite Offshore Ban
EDP Renovaveis, the world's fourth-largest wind producer, reports 50% profit growth and optimism for U.S. expansion despite Trump's offshore wind ban. CEO says solar and battery storage are filling the gap as data center demand surges.
From
Bloomberg
via
gCaptain
Iran Loads 20 Million Barrels of Oil Onto Tankers as U.S. Military Buildup Intensifies
Iran loaded 20.1 million barrels of oil onto tankers from Kharg Island in just six days, tripling January's pace as the U.S. assembles its largest Middle East force since 2003. Satellite data shows tanker traffic doubled while storage tanks emptied rapidly.
From
Bloomberg
via
gCaptain
Bahri Charters Five Supertankers as Rates Approach $200K/Day
Saudi Arabia's National Shipping Co. (Bahri) provisionally hired at least five supertankers as freight rates approach $200,000 per day, the highest since 2020. The bookings signal rising Saudi crude exports to Asia amid geopolitical tensions in the Strait of Hormuz.
From
Mike Schuler
via
gCaptain
Maersk’s APM Terminals Takes the Helm at Panama’s Port of Balboa
APM Terminals has begun temporary operations at Panama’s Port of Balboa on the Pacific side, launching an 18-month stabilization phase designed to restore container movements while maintaining the continuity of...
From
Mike Schuler
via
gCaptain
U.S. Treasury Sanctions 12 Tankers in Iran’s Shadow Fleet
The U.S. Department of the Treasury escalated its economic pressure campaign against Iran today, sanctioning over 30 entities, individuals, and vessels in a coordinated strike aimed at dismantling the Islamic...
From
Austin Schroeder
via
Barchart
Wheat Losses Extend to Wednesday Morning
Wheat is kicking off Wednesday trade with losses of 2 to 4 cents. The wheat complex was weaker on Tuesday. Chicago SRW futures were steady to 2 cents lower. Open interest rose 3,208 contracts on Tuesday. KC HRW futures are down 5 to 6 cents in the front months on...