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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
Mike Schuler
via
gCaptain
Panama Officially Cancels CK Hutchison Port Concessions, Clearing Path for Maersk
Panama on Monday published in its official gazette a Supreme Court ruling canceling key port contracts held by a subsidiary of CK Hutchison, clearing the way for Maersk's APM Terminals to take over temporarily.
From
Jim Wyckoff
via
Barchart
Surging Winter Wheat Prices Are Lifting Grain Futures Across the Board. What to Watch Next.
Wheat prices are set up for chart-based buying early this week. However, uncertainty over Trump’s tariff regime is running hot.
From
Bloomberg
via
gCaptain
Soaring Tanker Costs Force West African Oil Price Cuts
West African crude traders are slashing prices as soaring freight costs and an unfavorable Brent-Dubai spread kill Asian demand. Tanker rates to Asia hit five-year highs while Nigerian crude discounts deepen with no buyers emerging.
From
Reuters
via
gCaptain
Trump Warns of Higher Tariffs for Countries That ‘Play Games’ After Court Ruling
President Donald Trump on Monday said any countries that wanted to "play games" after a key U.S. Supreme Court tariff ruling that they would face much higher tariffs.
From
Bloomberg
via
gCaptain
First Indian Diesel Cargo Arrives in Europe After New Russian Sanctions Take Effect
The Proteus Bohemia carrying 100,000 tons of diesel from India's Reliance facility has arrived in Rotterdam, the first such cargo since EU sanctions on Russian-sourced fuel took effect Jan. 21, testing trader confidence in the new rules.
From
Mike Schuler
via
gCaptain
Austal Lands $2.8B Deal to Build Australia’s New Heavy Landing Craft Fleet
Austal Limited has secured a A$4 billion (USD $2.82 billion) contract from the Commonwealth of Australia to build eight 100-meter Landing Craft Heavy vessels, marking one of the largest naval shipbuilding...
From
Austin Schroeder
via
Barchart
Soybeans Bouncing from Early Monday Losses at Midday
Soybeans are trading with gains of 3 to 4 cents across most contracts on Monday. The cmdtyView national average Cash Bean price is up 3 cents at $10.75 1/4. Soymeal futures are up 20 to 80 cents in the front months, with. Soy Oil futures up 65 to 75 points....
From
Austin Schroeder
via
Barchart
Corn Higher at Midday
Corn futures are posting 1 to 3 cent gains across most contracts so far on Monday. The CmdtyView national average Cash Corn price is up 1 1/4 cent to $3.96 3/4. USDA reported a private export sale of 125,000 MT of corn to Colombia this morning. Monday morning’s Export Inspections...
From
Austin Schroeder
via
Barchart
Wheat Posting Midday Losses
The wheat complex is falling back on Monday. Chicago SRW futures are fown 3 to 4 cents so far on the day. KC HRW futures are 7 to 8 cents higher on Friday. MPLS spring wheat is trading with contracts 2 to 3 cents lower. Export Inspections data showed wheat...
From
Mike Schuler
via
gCaptain
Tidewater Makes $500M Bet on Brazil with Wilson Sons Fleet Acquisition
Houston-based offshore vessel giant Tidewater Inc. is making a major push into Brazil, announcing a definitive agreement to acquire Wilson Sons Ultratug Participações S.A. (WSUT) and its affiliate Atlantic Offshore Services S.A. in a deal valued at approximately $500 million.
From
Mike Schuler
via
gCaptain
Twenty Years of Seafarer Protections: Maritime Labour Convention Marks Historic Milestone
The International Labour Organization (ILO), the International Chamber of Shipping (ICS), and the International Transport Workers’ Federation (ITF) marked the 20th anniversary of the Maritime Labour Convention (MLC) this week with a renewed push to strengthen...
From
Oliver Sloup
via
Barchart
Grains Slip Lower to Start the Week
Grain markets saw a wider ranging trade last week with big moves observed in soybeans and wheat. Is higher volatility going to be the new norm into the spring?