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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
Bloomberg
via
gCaptain
Russian Oil Most Discounted Since 2023 on Western Sanctions
Russia’s flagship crude is selling at the deepest discount in the international marketplace in almost three years as western sanctions deter trade with Moscow.
From
Austin Schroeder
via
Barchart
Wheat Falling Back to Kick Off Monday
Wheat is trading with 2 to 6 cent losses on Monday morning The wheat complex was in rally mode to round out the week. Chicago SRW futures posted 13 to 14 cent gains at the close, with March up 24 ¾ cents on the week. KC HRW futures were 6...
From
Austin Schroeder
via
Barchart
Corn Slipping to Start Monday
Corn price action is down fractionally to 1 1/2 cents so far on Monday morning. Futures were up 1 to 4 cents across the front months on Friday, as March was down 4 ¼ cents last week. Spillover support from gains in wheat was helping. Preliminary open interest was down...
From
Austin Schroeder
via
Barchart
Soybeans Falling Early on Monday
Soybeans are down 2 to 6 cents so far on Monday morning. Futures were down 3 to 4 cents in the front months, as March was up 4 ½ cents last week. Open interest was down 36,192 contracts in March on Friday, with the rest up 18,174 contracts. The cmdtyView...
From
Darin Newsom
via
Barchart
How Did Markets Open the Week?
A lot happened that was expected to (US Supreme Court decision and reaction from the White House), and didn't happen that was expected to (military action) since last Friday's close.
From
Reuters
via
gCaptain
Fin Whale Ship Strikes Surge In Chilean Waters
Fin whales feeding in Chile's northern bays face escalating threats from ship collisions and fishing nets, making the region a global hotspot for whale strandings. Marine experts warn the deaths threaten climate-critical species.
From
Jim Roemer
via
Barchart
Dust Storms Hit Plains Wheat: Signs For a New Bull Market?
Jim turns bullish on wheat for the first time in years
From
Reuters
via
gCaptain
Greenland Says ‘No Thanks’ To Trump’s Hospital Ship
COPENHAGEN, Feb 22 (Reuters) – Greenland’s Prime Minister Jens-Frederik Nielsen said on Sunday “no thanks” to U.S. President Donald Trump’s idea of sending a hospital ship to Greenland, a territory that Trump has...
From
Reuters
via
gCaptain
Denmark Evacuates US Submarine Crew Member In Greenlandic Waters
NUUK, Feb 21 (Reuters) – Denmark’s Joint Arctic Command said on Saturday it had evacuated a crew member who required urgent medical treatment from a U.S. submarine in Greenlandic waters, seven nautical miles...
From
Nick Ehrenberg
via
Barchart
Grain Analysis & Targets
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
From
Mike Schuler
via
gCaptain
Trump Announces Greenland Hospital Ship Mission as Mercy and Comfort Sit in Alabama Shipyard
President Donald Trump announced on Saturday via social media that the United States will send a hospital ship to Greenland to provide medical care, posting alongside an illustration of the...