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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
China-Linked Supertanker Makes Rare Strait of Hormuz Transit Ahead of Trump-Xi Summit
A Chinese supertanker carrying two million barrels of Iraqi crude was attempting to sail through the Strait of Hormuz on Wednesday, according to LSEG and Kpler ship-tracking data.
From
Mike Schuler
via
gCaptain
IEA Warns Hormuz Crisis Could Trigger First Global Oil Demand Contraction Since Pandemic
The International Energy Agency is warning that the ongoing disruption in the Strait of Hormuz is triggering one of the largest oil market shocks in modern history, with global oil demand now...
From
Reuters
via
gCaptain
Trump Heads to Beijing as Iran Expands Control Over Strait of Hormuz
U.S. President Donald Trump has said he does not expect to need China's help to end the war in Iran and ease Tehran's grip on the Strait of Hormuz, in remarks made before he arrived in Beijing on Wednesday for a summit with President Xi Jinping.
From
Bloomberg
via
gCaptain
Africa’s Farmers Brace for Food Crisis as Hormuz Fertilizer Flows Collapse
Landlocked and surrounded by richer, more powerful neighbors, Malawi has long been a victim of geography and economics. It now finds itself at the sharp end of a crisis being made more than 3,000 miles away.
From
Jim Wyckoff
via
Barchart
Buy Corn Here If You Agree That Grains Will Be the Next Commodities to Rocket Higher Like Silver
July corn futures present a buying opportunity on more price strength.
From
Mike Schuler
via
gCaptain
Record $2.25 Billion Settlement Reached in Baltimore Key Bridge Collapse Case
The State of Maryland has finalized a $2.25 billion settlement with the owner and operator of the containership Dali, marking the largest legal recovery in maritime history and a major milestone...
From
Mike Schuler
via
gCaptain
Hapag-Lloyd Swings to Loss as Strait of Hormuz Chaos and Weather Delays Hit Shipping
Container shipping giant Hapag-Lloyd reported a sharp deterioration in first-quarter earnings on Tuesday, blaming severe weather disruptions and the conflict in the Middle East for rising costs and weaker operational performance as...
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From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
WASDE Report Sends the Grains Higher - Nervous Livestock Markets Dive Lower
From
Mike Schuler
via
gCaptain
UK Leads 40-Nation Defensive Mission to Secure Strait of Hormuz
The United Kingdom is significantly expanding its military commitment to securing the Strait of Hormuz, announcing Tuesday that it will deploy autonomous mine-hunting systems, counter-drone technology, Typhoon fighter jets, and...
From
Chris Swift
via
Barchart
Shootin' the Bull about inflicting casualties
Today's market venue is not for the faint of heart. Massive volatility and price expanse are expected to inflict heavy casualties in the cattle industry.
From
Darin Newsom
via
Barchart
What Was Tuesday Wheat's Time to Shine?
Tuesday's session brought to mind an old saying, “Even the sun shines on a cockroach some days”.
From
Bloomberg
via
gCaptain
Supply-Chain Stress That Peaked in Covid Heads Higher Again
(Bloomberg) — The impact of the energy crisis on the global economy in recent months is showing up in gauges of supply-chain stress that flashed red during the pandemic, adding...
From
Mike Schuler
via
gCaptain
Maersk Keeping Strait of Hormuz Transits Suspended as Ceasefire Confidence Wavers
A.P. Moller – Maersk said Tuesday it is continuing to avoid transits through the Strait of Hormuz amid uncertainty surrounding the fragile ceasefire between the United States and Iran, underscoring the...
From
Austin Schroeder
via
Barchart
Wheat Rallying on Tuesday, with Some Limit Gains Following USDA Production Update
The wheat complex is posting strong gains across all three exchanges on Tuesday. Chicago SRW is 32 to 42 cents higher so far on Tuesday. KC HRW futures are up 35 to the 45 cent limit on Tuesday. MPLS spring wheat are rallying 30 to 40 ½ cents across most...
From
Austin Schroeder
via
Barchart
Soybeans Posting Strength as USDA Shows Tighter Stocks
Soybeans are in rally mode on Tuesday, with contracts up 11 to 17 cents on a friendlier USDA report from this morning. The cmdtyView national average Cash Bean price is up 14 1/2 cents at $11.61 3/4. Soymeal futures are up $3.70 to $5.10, with Soy Oil futures 80 to...
From
Austin Schroeder
via
Barchart
Corn Holding onto Tuesday Gains
Corn futures are holding up on Tuesday, despite a USDA report more on the bear side of things. Contracts are up 3 to 4 cents The CmdtyView national average Cash Corn price is up 3 3/4 cents to $4.38 3/4. The May WASDE report from this morning saw a 15...
From
Trent Klarenbach
via
Barchart
Hard Red Spring Wheat: WASDE Sparks New Highs
Hard Red Spring Wheat hits new highs following the latest WASDE report. Prairie farmers should watch for potential pullbacks before chasing market trends.
From
Mike Schuler
via
gCaptain
Bing, Bing, Gone: Is Trump Underestimating Iran’s Fast Attack Craft?
President Donald Trump’s latest social media bravado about Iranian “fast attack ships” may play well online, but maritime security experts and even the U.S. military’s own assessments suggest the threat...