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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
Reuters
via
gCaptain
Port of Los Angeles Cargo Volumes Drop Amid Tariff Uncertainty, But Relief Expected
Imports to the busiest U.S. seaport at Los Angeles dropped 9% year-on-year in May and could remain muted through the remainder of 2025, after companies responded to President Donald Trump's 145% tariffs on China by canceling or putting holds on shipments, according to port officials.
From
Bloomberg
via
gCaptain
Empire Wind Fiasco Forces Equinor to Rethink U.S. Offshore Wind Investment
Equinor ASA expects its $5 billion wind project off New York — blocked then unblocked by the Trump administration — to proceed as planned, but said further investments in US offshore wind are likely off the table.
From
The Loadstar
via
gCaptain
Container Shipping Faces New Threats After Israeli Strikes on Iran
Commercial shipping in the Middle East may face a new threat after a wave of Israeli attacks against Iran’s military and nuclear leadership further destabilised the already volatile region, with concerns rising over a potential blockade of the Strait of Hormuz.
From
Bloomberg
via
gCaptain
Israel’s Strikes on Iran Jolt Tanker Markets, Freight Rates Soar
Israel’s overnight airstrikes on Iran drove up freight rates and tanker stocks Friday as traders and investors priced in the prospect of disruption to a large swath of the global oil-shipping fleet.
From
Reuters
via
gCaptain
Finnish Prosecutors Consider Charges Against Officers of Tanker ‘Eagle S’ Over Baltic Cable Damage
Finnish prosecutors are considering pressing charges against three senior officers of an oil tanker suspected of damaging undersea power and telecommunications cables in the Baltic Sea in December, police and the prosecutor said on Friday.
From
Mike Schuler
via
gCaptain
Shipping on High Alert After Israeli Strikes Hit Iranian Military and Nuclear Sites
Israel launched extensive pre-emptive airstrikes against Iran early Friday morning in a major escalation of regional tensions, targeting Tehran’s military leadership, scientific experts, and nuclear facilities—an action with significant implications...
From
Reuters
via
gCaptain
Tankers Keep Moving Through Strait of Hormuz as Israel-Iran Conflict Escalates
Merchant shipping is continuing to pass through the Strait of Hormuz despite Israel's attacks on Iran on Friday, the multinational, U.S.-led Combined Maritime Force said, although some shipowners were looking to avoid the region.
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From
Mike Schuler
via
gCaptain
Legal Action Initiated Against MSC Elsa 3 Owner and Crew Following Kerala Sinking
Indian authorities have launched a criminal case against the owner, master, and crew members of the containership MSC Elsa 3, which sank off the coast of Kochi, India, last month....
From
Reuters
via
gCaptain
U.S. Moves Embassy Staff Amid Growing Iran Confrontation
The United States is preparing a partial evacuation of its Iraqi embassy and will allow military dependents to leave locations around the Middle East due to heightened security risks in the region, U.S. and Iraqi sources said on Wednesday.
From
Mike Schuler
via
gCaptain
Davie to Acquire Texas Shipyards, Seeking to Supercharge U.S. Icebreaker Production
Canadian shipbuilder Davie announced today its plans to acquire shipbuilding assets in Galveston and Port Arthur, Texas from Gulf Copper & Manufacturing Corporation, marking a significant expansion into the U.S....
From
Mike Schuler
via
gCaptain
Pentagon Calls Shipbuilding a Top Priority, But Congress Says Budget Falls Short
The Department of Defense has placed shipbuilding at the heart of its FY2026 strategy, pledging $5.9 billion to revitalize the U.S. maritime industrial base amid growing concerns over China’s naval...
From
Mike Schuler
via
gCaptain
Fire-Stricken Wan Hai 503 Continues to Drift Off Indian Coast as Salvage Efforts Intensify
The Singapore-flagged container vessel MV Wan Hai 503 remains adrift approximately 42 nautical miles off Beypore, Kerala, carrying 2,128 MT of fuel and hazardous cargo, posing an ongoing environmental risk....
From
Reuters
via
gCaptain
Trump Says U.S.-China Trade Deal ‘Done’ as Rare Earths, Tariffs Take Center Stage
A U.S.-China trade deal is "done," U.S. President Donald Trump said on Wednesday, hours after negotiators from Washington and Beijing agreed on a framework to get a fragile trade truce back on track and remove Chinese export restrictions on rare earth minerals and other critical industrial components.
From
Mike Schuler
via
gCaptain
Maritime Industry Leaders Signal Growing Concern Over Political Instability and Cyber Threats
The International Chamber of Shipping (ICS) released its Maritime Barometer Report 2024-2025 today in Athens, revealing a deepening concern among maritime leaders about their ability to navigate an increasingly complex...
From
Mike Schuler
via
gCaptain
UKMTO Issues Alert to Shipping as US-Iran Nuclear Tensions Rise
The United Kingdom Maritime Trade Operations Office (UKMTO) has issued an advisory to shipping warning of potential military escalation in the Arabian Gulf region that could directly impact maritime operations....
From
Reuters
via
gCaptain
Chinese Aircraft Carriers in Pacific Show Country’s ‘Expansionist’ Aims, Taiwan Says
The two Chinese aircraft carriers spotted conducting simultaneous operations in the Pacific for the first time send a political message about the country's "expansionist" aims, Taiwan Defence Minister Wellington Koo said on Wednesday.
From
Mike Schuler
via
gCaptain
Global Disruptions Drive Containership Fleet to Near Full Capacity, Alphaliner Says
The global container shipping industry is experiencing unprecedented levels of fleet utilization, with commercial idle capacity hitting a remarkable low of just 0.6% of the world’s 32.0 Mteu fleet, according...
From
Mike Schuler
via
gCaptain
Trump’s War on Offshore Wind Claims New Victim as New Jersey Project Collapses
Atlantic Shores Offshore Wind has terminated its 1.5-gigawatt offshore wind project in New Jersey, marking a significant setback for the U.S. offshore wind industry amid mounting federal opposition. The project,...
From
Mike Schuler
via
gCaptain
Austal Disputes Hanwha’s Claims About U.S. Regulatory Approval for 100% Ownership
Australian shipbuilder Austal Limited (ASX: ASB) has challenged South Korean defense giant Hanwha Group’s announcement regarding U.S. regulatory approval for increased ownership, creating uncertainty around the potential acquisition. In a...