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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
Iran Threatens to Go On Offensive in Strait of Hormuz if Diplomacy With US Fails
Iran has decided to shift its policy from defensive to "fully offensive" due to the deadlock in efforts to agree a permanent end to its war with the United States, a senior Iranian official told Reuters on Monday.
From
Mike Schuler
via
gCaptain
Trump Administration Moves Closer to Pacific Seabed Mining Lease Sale
The Trump administration is moving closer to a potential offshore critical minerals lease sale near the Northern Mariana Islands, advancing another piece of its broader effort to develop seabed mineral...
From
Mike Schuler
via
gCaptain
Nine Workers Killed at Hong Kong Convention-Certified Shipbreaking Yard in Bangladesh
Nine workers were killed after being exposed to toxic gas while dismantling an LNG carrier at a shipbreaking yard in Bangladesh, renewing scrutiny of safety conditions at South Asian recycling...
From
Mike Schuler
via
gCaptain
Panama Canal Marks 112 Years With an Eye on the Future
The Panama Canal marked its 112th anniversary over the weekend with vessel traffic on the rise, even as officials prepare for a strengthening El Niño that is again putting pressure...
From
Mike Schuler
via
gCaptain
Armed Pirates Hijack Cargo Ship Off Somalia
A cargo ship has been hijacked off the coast of Somalia after eight armed attackers boarded the vessel and seized control, according to the United Kingdom Maritime Trade Operations center....
From
Reuters
via
gCaptain
Russia’s Black Sea Novorossiysk Port Resumes Oil Loadings After Drone Attack, Sources Say
Russia's main Black Sea oil port of Novorossiysk resumed operations on Sunday after halting loadings on Friday following a drone attack, two trading sources said.
From
Bloomberg
via
gCaptain
Asian Refiners Ask to Pick Up Saudi Oil Outside Risky Red Sea
Some Asian refiners are pushing back against Saudi Aramco’s request that they pick up their oil at Yanbu on the Red Sea, due to the difficulty of finding ships willing to sail through the dangerous waterway.
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From
Mike Schuler
via
gCaptain
Two Tankers Attacked as UAE Expands Hormuz Oil Shuttle
Two tankers affiliated with Abu Dhabi National Oil Co. were struck by drones while sailing outbound through the Strait of Hormuz, just a day after reports emerged that the UAE...
From
Mike Schuler
via
gCaptain
U.S. Extends Jones Act Waiver Another 90 Days, Adds U.S.-Flag Vessel Availability Test
The Trump administration has extended its emergency Jones Act waiver for another 90 days while substantially tightening the process for using foreign-flag vessels in domestic trades, including a new requirement...
From
Reuters
via
gCaptain
US Warns Iran It Will Step Up Economic Pressure; Two More Ships Attacked in Hormuz
Transit through the Strait of Hormuz appeared to grind to a near standstill on Friday after two more ships were attacked there and the United States said it could maintain a naval blockade of Iran indefinitely.
From
Bloomberg
via
gCaptain
Trump Orders US Aircraft Carriers to Go Back to Steam Catapults
President Donald Trump ordered the Navy to return to using steam catapults to launch planes off of aircraft carriers, acting on a longtime complaint despite opposition from many naval officers.
From
Mike Schuler
via
gCaptain
Trump Opens Door to Foreign-Built Warships in Major Navy Shipbuilding Overhaul
President Donald Trump has ordered a sweeping overhaul of U.S. Navy shipbuilding, including opening the door to foreign-built warships, establishing a fifth public naval shipyard and replacing key technologies planned...
From
Mike Schuler
via
gCaptain
Container Rates Extend Gains as Carriers Tighten Transpacific Capacity
Drewry’s World Container Index rose for a second straight week, with higher transpacific rates outweighing declines on Asia-Europe trades as carriers continue to manage capacity amid widespread supply chain disruption....
From
Reuters
via
gCaptain
Iran, US Make Competing Claims Over Control of Strait of Hormuz
The Strait of Hormuz is "under Iran's control and management," the recently appointed head of Iran's Basij paramilitary unit said on Thursday, a day after U.S. President Donald Trump said the United States had "total control" of the strategic waterway.
From
Lori Ann LaRocco
via
gCaptain
Hormuz Shipping Traffic Shows No Sign of Recovery
Latest trade data show no dramatic changes in the flow of trade through the Strait of Hormuz and Bab el-Mandeb.
From
Bloomberg
via
gCaptain
Korea’s SK Shipping, H-Line Swap Tankers to Create LNG Giant
South Korean shipping companies SK Shipping Co. and H-Line Shipping Co. — both owned by private equity firm Hahn & Co. — will swap tankers and contracts to create one of the world’s largest operators of liquefied natural gas carriers.
From
Mike Schuler
via
gCaptain
Hormuz Disruption Cuts Both Ways for Maersk and Hapag-Lloyd
The disruption in the Strait of Hormuz is proving both costly and profitable for container shipping, with Gemini Cooperation partners Maersk and Hapag-Lloyd reporting sharply higher operating costs alongside stronger...
From
Mike Schuler
via
gCaptain
Major Salvage Effort Begins for Grounded Shadow Fleet Tanker Off Oman
Ambrey has launched a major international salvage operation for the grounded tanker Caroline Bezengi off Oman, deploying specialist personnel and equipment as crews race to stabilize the vessel amid a rapidly expanding...
From
Malte Humpert
via
gCaptain
Arctic Ice Damages Tanker as Russia Ramps Up Northern Sea Route Oil Shipments
A tanker suffered serious damage to its hull while navigating through Arctic sea ice despite being assisted by an icebreaker, highlighting the risks facing vessels using Russia’s Northern Sea Route as Moscow rapidly expands oil shipments through the Arctic.