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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
Oil Rallies as US–Iran Tensions Flare
Oil gained the most since October as traders weighed whether talks between the US and Iran will be enough to avert conflict, following a report that American military intervention could come sooner than expected.
From
Chris Swift
via
Barchart
Shootin' the Bull about wave 5 of 5 of B
I believe wave 5 of 5 of the B wave is complete or near so enough to warrant these recommendations.
From
Mike Schuler
via
gCaptain
Canadian Shipyard Turns to AI Robotics to Automate One of Shipbuilding’s Toughest Jobs
Seaspan Shipyards has awarded a $1.5 million contract to Alberta-based Confined Space Robotics to develop semiautonomous systems for blast and paint operations, marking a significant push toward automation in one of shipbuilding’s most hazardous and labor-intensive processes.
From
Mike Schuler
via
gCaptain
Phillips 66, Citgo Move Toward Direct Venezuelan Crude Purchases
U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through trading houses and U.S. oil major Chevron CVX.N, according to sources familiar with the efforts.
From
Austin Schroeder
via
Barchart
Wheat Holding Higher on Wednesday’s Midday
The wheat complex is in bounce back mode on Wednesday. Chicago SRW futures are trading 5 to 7 ½ cents higher on Wednesday. KC HRW futures are posting 7 to 8 cent midday gains. MPLS spring wheat is showing 2 to 3 cent gains at midday. The annual Ag Outlook...
From
Austin Schroeder
via
Barchart
Soybeans Drifting Lower at Midday
Soybeans are falling back from early Wednesday gains, as contracts are down 3 to 4 so far. The cmdtyView national average Cash Bean price is down 4 cents at $10.64 1/2. Soymeal futures are down $2 to 3.10 in the front months, with Soy Oil futures 114 points higher. Strength...
From
Austin Schroeder
via
Barchart
Corn Holding Steady at Midday
Corn futures are steady to fractionally higher so far on Wednesday. The CmdtyView national average Cash Corn price is steady at $3.93. USDA's armchair estimate for the US corn balance sheet will be released at Thursday’s Ag Outlook Forum. Ahead of the release, a Bloomberg survey of analysts is calling...
From
Mike Schuler
via
gCaptain
Sallaum Lines Expands LNG-Fueled Fleet with Two 7,500-CEU Car Carriers
Sallaum Lines has taken delivery of two new LNG dual-fuel Pure Car and Truck Carriers, marking a significant expansion of the company’s Ocean Class fleet as it advances its environmental...
From
Mike Schuler
via
gCaptain
Engine Room Fire Claims Two Lives Aboard Bulk Carrier Off Chinese Coast
A fire in the engine room of the Singapore-registered bulk carrier MANDY has resulted in the deaths of two crew members and left a third hospitalized following an incident off the coast of China.
From
Paul Morgan
via
gCaptain
Hormuz Pressure Play: Iran’s ‘Temporary’ Closure Sends a Strategic Signal to Global Shipping
Tension in one of the world’s most critical maritime chokepoints spiked this week after Iran temporarily restricted parts of the Strait of Hormuz during live-fire military exercises, a move that underscored how quickly geopolitics can ripple through global shipping markets even without a full blockade.
From
Reuters
via
gCaptain
Los Angeles Port Exports Drop 8% Amid China Trade War
Exports from the Port of Los Angeles fell 8% in January to the lowest level in nearly three years as Trump's tariffs devastated trade with China. Soybean shipments to China dropped 80% as retaliatory duties hammer U.S. farmers.
From
Oliver Sloup
via
Barchart
Grain Markets Firm. Can it Hold?
Grain markets have been able to gain some ground in the overnight and early morning trade. Can the strength hold or will sellers take advantage it?