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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
Chris Swift
via
Barchart
Shootin' the Bull about a plethora of factors to consider
In my opinion, a plethora of news, rumors, and potential changes in processing, sent a lot futures traders to the sidelines.
From
Walsh Trading
via
Barchart
COTTON MARKET UPDATE - WALSH PURE SPREADER
WALSH PURE SPREADER - Pure Hedge Division
From
Reuters
via
gCaptain
Supreme Court Strikes Down Trump’s Global Tariffs in 6–3 Ruling
The U.S. Supreme Court struck down on Friday President Donald Trump's sweeping tariffs that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major implications for the global economy.
From
Reuters
via
gCaptain
Trump Slaps 10% Global Tariff Using New Trade Law After Supreme Court Defeat
U.S. President Donald Trump said on Friday that he would impose a 10% global tariff for 150 days to replace some of his emergency duties that were struck down by the U.S. Supreme Court.
From
Mike Schuler
via
gCaptain
Trump Administration Advances Third ‘Big Beautiful’ Gulf Lease Sale as Offshore Program Gains Momentum
The Bureau of Ocean Energy Management announced Wednesday it will auction approximately 80.4 million acres of federal waters in the Gulf of America in August, marking the third offshore oil and gas lease sale under the Trump administration's accelerated energy development program.
From
Austin Schroeder
via
Barchart
Wheat Rally Leading the Grain Bull’s Charge on Friday
The wheat complex is in rally mode so far on Friday. Chicago SRW futures are posting 13 to 14 cent gains at the midday portion of the session. KC HRW futures are 12 to 13 1/4 cents higher on Friday. MPLS spring wheat is 7 to 8 cents in the...
From
Austin Schroeder
via
Barchart
Corn Pushing Higher on Friday, with Help from Wheat
Corn futures are showing gains of 1 to 3 ¾ cents so far on Friday. March options expire today. Spillover support from double digit gains in wheat is helping. The CmdtyView national average Cash Corn price is up 1 3/4 cent to $3.94 1/4. With just a little over a...
From
Austin Schroeder
via
Barchart
Soybeans Slipping Following Supreme Court Ruling
Soybeans are showing 2 to 3 ½ cent losses at Friday’s midday. The cmdtyView national average Cash Bean price was up 7 1/2 cents at $10.76 1/2. Soymeal futures are rallying $5.90 to $6.10 in the front months, with Soy Oil futures 81 to 87 points lower. We are closing...
From
Bloomberg
via
gCaptain
Surging Oil Tanker Rates Tipped to Go Even Higher on Iran Risk
The cost to hire oil supertankers could be headed for the highest levels this decade on the growing risk of a major US attack on Iran, and as ownership of the vessels becomes more concentrated.
From
Bloomberg
via
gCaptain
China Snaps Up Distressed Russian Oil Cargoes Shunned by India
Chinese refiners are snapping up Russian oil that India is shunning, helping Moscow to overcome a dip in purchases by the country that’s normally its biggest buyer of seaborne barrels.
From
Reuters
via
gCaptain
Supreme Court Strikes Down Trump’s Global Tariffs in 6–3 Ruling
The U.S. Supreme Court struck down on Friday President Donald Trump's sweeping tariffs that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major implications for the global economy.
From
Mike Schuler
via
gCaptain
Canada, South Korea Partner to Rebuild Great Lakes Shipbuilding and Train Submarine Workforce
A major new partnership between South Korea’s Hanwha Ocean and Ontario Shipyards aims to bring large-scale shipbuilding back to Canada’s Great Lakes — while building the skilled workforce needed to support future submarine construction....