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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
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.
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From
Andrew Hecht
via
Barchart
Are Corn Prices too Low?
Corn futures have traded in a sideways range, with the March delivery price between $4.1725 and $4.4875 per bushel since the start of this year. As the uncertainty of the 2026 crop year in the Northern Hemisphere approaches, CBOT corn futures are in a marginally bullish trend.
From
Reuters
via
gCaptain
Venezuela Readies Larger Oil Cargoes for Export, Targets India
Trading houses and buyers of Venezuelan oil have chartered the first very large crude carriers (VLCCs) to export from the South American country since a Caracas-Washington supply deal began, which is set to speed up shipments starting in March while boosting deliveries to India, according to four sources and data.
From
Mike Schuler
via
gCaptain
A Decade of Dominance: How the U.S. Conquered Global LNG Export Markets
Ten years ago today, the LNG carrier Asia Vision departed Louisiana's Sabine Pass Terminal carrying 3.3 billion cubic feet of liquefied natural gas bound for Brazil. That single shipment marked the beginning of what would become one of the most dramatic transformations in global energy markets.
From
Austin Schroeder
via
Barchart
Wheat Slipping Lower on Tuesday
The wheat complex is slipping lower across all three markets at midday, but bouncing off early lows. Chicago SRW futures are steady to 2 cents lower. KC HRW futures are down 4 to 5 cents in the front months on Tuesday. MPLS spring wheat are fractionally to 2 cents weaker...
From
Austin Schroeder
via
Barchart
Soybeans Back to Higher Trade on Tuesday Morning
Soybeans are trading with 5 to 6 cent gains across most contracts on Tuesday. The cmdtyView national average Cash Bean price is down 5 cents at $10.74 1/4. Soymeal futures are up $1 to $2 in the front months, with. Soy Oil futures up 70 points. ANEC estimates the Brazilian...
From
Austin Schroeder
via
Barchart
Corn Slipping Lower on Tuesday
Corn futures are in the red on Tuesday’s midday, with contracts down 1 to 2 cents across most front months. The CmdtyView national average Cash Corn price is down a penny to $3.93 1/2. EIA data will be released on Wednesday morning, with some analysts looking for ethanol production to...
From
Mike Schuler
via
gCaptain
Britain Unleashes Historic Sanctions Blitz on Russia’s Oil Empire Four Years Into Ukraine War
Four years to the day after Russia’s full-scale invasion of Ukraine, the United Kingdom has delivered what officials are calling their most comprehensive sanctions package since the early months of...
From
Reuters
via
gCaptain
CK Hutchison Says Panama Threatened Employees With Prosecution in Port Takeover Dispute
Hong Kong conglomerate CK Hutchison alleges Panama threatened employees with criminal prosecution after seizing two strategic canal ports and awarding temporary concessions to Maersk and MSC. The dispute threatens a $23 billion port sale to BlackRock.
From
Oliver Sloup
via
Barchart
Grain Markets Come Alive
Grain markets had seen volatility rise over the last few sessions, presenting more tradable opportunities
From
Mike Schuler
via
gCaptain
U.S. Chase Ends in Indian Ocean with Boarding of Sanctioned Tanker ‘Bertha’
U.S. forces have boarded the sanctioned oil tanker Bertha in the Indian Ocean, marking the tenth vessel seized or interdicted in an intensifying campaign against the shadow fleet transporting illicit...
From
Jim Wyckoff
via
Barchart
How Much Higher Can Corn Prices Move Here?
May corn futures present a buying opportunity on more price strength.
From
Austin Schroeder
via
Barchart
Wheat Pulling Back on Tuesday
Wheat is trading with Tuesday morning losses, as the KC market is the weakest. The wheat complex failed to extend the gains to Monday, as all three markets were lower. Chicago SRW futures closed 4 to 7 cents in the red to start the week. Open interest was down 9,877...