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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
Ukraine Needs 500 Million Euros To Rebuild Critical Port Facilities Damaged By Russia
KYIV, May 30 (Reuters) – Ukraine needs an initial 500 million euros ($566 million) to rebuild the most important infrastructure facilities at its Black Sea ports destroyed by constant Russian missile and drone attacks,...
From
Bloomberg
via
gCaptain
US Navy To Field ‘Game-Changer’ Anti-Ship Tomahawk By September
By Tony Capaccio May 30, 2025 (Bloomberg) –The US Navy will start fielding an anti-ship version of its Tomahawk cruise missile on destroyers by late September in what the service’s readiness...
From
Reuters
via
gCaptain
Trump Administration Support Sparks Revival of Northeast Gas Pipelines
U.S. energy company Williams Cos WMB.N said on Thursday it was working with federal and state regulators to revive two previously canceled natural gas pipelines from Pennsylvania to New York.
From
Mike Schuler
via
gCaptain
U.S. Coast Guard Modernizes Underwater Survey Guidelines to Boost Maritime Competitiveness
The U.S. Coast Guard has released a significant update to its underwater survey guidance for U.S.-flagged vessels, marking the first major revision since its introduction in 1989. The revised guidance,...
From
Mike Schuler
via
gCaptain
Transpacific Rates Soar as Carriers Push GRIs and U.S. Trade Policy Wavers
Container spot freight rates on the transpacific trade saw another week of double-digit gains, as carriers forced prices with the détente in the US-China trade war continuing.
From
Reuters
via
gCaptain
Court Battle Over Trump Tariffs Prolongs Shipper Uncertainty as Holiday Season Nears
Importer uncertainty ahead of the vital holiday ocean shipping season remains high, the executive director of the busiest port in the U.S. said on Thursday, as a court battle broke out over President Donald Trump's trade tariffs.
From
Bloomberg
via
gCaptain
Tariff Truce Keeps China-US Trade Flowing Across the Pacific
(Bloomberg) — The ceasefire in the tariff fight between the world’s two largest economies is encouraging trade across the Pacific, holding up freight prices three weeks on, even as container...
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From
Mike Schuler
via
gCaptain
Golden Ocean and CMB.TECH Lock in Merger
Golden Ocean Group Limited (NASDAQ: GOGL) and CMB.TECH NV (NYSE: CMBT) have announced their merger agreement, which will establish one of the world’s largest listed diversified maritime groups. The announcement...
From
Mike Schuler
via
gCaptain
U.S. Maritime Power in Decline: New Report Reveals Critical National Security Risks
A new report released today by the Open Markets Institute paints a dire picture of America’s diminishing maritime capabilities, highlighting unprecedented risks to national security and economic independence. Transportation policy...
From
Mike Schuler
via
gCaptain
Ship Losses Hit Historic Low Amid Rising Risks
The global maritime industry has achieved its lowest-ever total of vessel losses, with only 27 large ships lost worldwide in 2024, marking a 20% decrease from the previous year, according...
From
Mike Schuler
via
gCaptain
West Coast Ports Brace for Cargo Comeback, Sparking Congestion Fears
By Charlotte Goldstone (The Loadstar) – The demand spike on the transpacific has prompted concerns of congestion and cargo bottlenecks at key US ports. Yesterday, The Loadstar reported that many carriers had begun to...
From
Reuters
via
gCaptain
OPEC+ Adopts Plan for 2027 Baselines Ahead of July Output Hike Talks
OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July.
From
Mike Schuler
via
gCaptain
USTRANSCOM Report Reveals Key Challenges in U.S. Strategic Seaport Dredging Operations
A recently declassified U.S. Transportation Command (USTRANSCOM) report has identified significant challenges affecting dredging operations at strategic U.S. seaports, with findings that contradict common assumptions about equipment availability under the...
From
Mike Schuler
via
gCaptain
Watch: Great Lakes Bulk Carrier Has Near Miss with Seawall in St. Clair River
The M/V American Spirit, a self-unloading bulk carrier, narrowly avoided alliding with a seawall in the St. Clair River near Port Huron, Michigan on Tuesday. Footage of the incident, which...
From
Mike Schuler
via
gCaptain
EU Unveils Black Sea Maritime Security Strategy Amid Escalating Threats
The European Union has announced a new strategic initiative for the Black Sea region, with maritime security and connectivity at its forefront. The strategy introduces a dedicated Black Sea Maritime...
From
Bloomberg
via
gCaptain
Australia Looks to Avoid a Panama Repeat in China Port Showdown
Prime Minister Anthony Albanese is confronting a fresh diplomatic dilemma with China: How to fulfill a pledge to regain control of a strategic port without jeopardizing improved relations with his country’s largest trading partner.
From
Reuters
via
gCaptain
China Flexes Military Muscle with East Asian Naval Activity, Sources Say
China has flexed its muscles this month by sending an unusually large number of naval and coast guard vessels through a swathe of East Asian waters, according to security documents and officials, in moves that have unnerved regional capitals.
From
Austin Schroeder
via
Barchart
Corn Getting a Wednesday AM Bounce, as Ratings Start Below Estimates
Corn prices are up 1 to 2 cents across most contracts so far on Wednesday morning. Futures were weighed down by a weaker wheat market, as contracts closed steady in July and 4 to 5 cents lower in the new crop months. Preliminary open interest was down just 828 contracts,...
From
Austin Schroeder
via
Barchart
Soybeans Slipping in Early Wednesday Trade
The soybean market is trading with contracts 2 to 3 cents on the weaker side of unchanged. Soybeans saw strength on Tuesday, as contracts were steady to 3 cents higher across most months. Preliminary open interest rose 8,893 contracts on Tuesday. The cmdtyView Cash Bean price was up 3 3/4...