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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
Tariffs Caused Just Small China Trade Diversion, ECB Study Shows
Donald Trump’s trade levies aren’t the main reason why China is exporting more to other parts of the world, a European Central Bank study showed.
From
Reuters
via
gCaptain
Russia’s Lavrov Tells Cuban Minister the US Should Negotiate and Not do a Naval Blockade
Russian Foreign Minister Sergei Lavrov told his Cuban counterpart Bruno Rodriguez on Wednesday that Moscow was urging the U.S. not to impose a full naval blockade on the communist-run island and was advocating negotiations instead.
From
Austin Schroeder
via
Barchart
Soybeans Extending Gains Early on Wednesday
Soybeans are trading with 3 to 7 cent gains across the front months on Wednesday morning. Futures rounded out the Tuesday session with contracts fractionally to 1 ¼ cents higher. Open interest suggested new buying interest, up 22,504 contracts on Tuesday. The cmdtyView national average Cash Bean price was up...
From
Austin Schroeder
via
Barchart
Wheat Starting Wednesday with a Bounce
Wheat is rallying back from losses on Tuesday, with the Wednesday session starting off with gains across all three markets. Chicago SRW futures were down 6 to 7 cents on Tuesday, as March slipped 11 cents. Open interest was down 14,838 contracts on Tuesday, mainly in the front two contracts....
From
Austin Schroeder
via
Barchart
Corn Starting Wednesday Trade with Slight Gains
Corn price action is up fractionally to 1 ½ cents so far on Wednesday. Futures closed Tuesday with contracts falling 5 to 6 ¼ cents. Open interest was down 788 contracts on Tuesday, as the roll out of March continues, down 30,524 contracts. March options expire on Friday. The CmdtyView...
From
Walsh Trading
via
Barchart
January soybean crush exceeds estimates; charts tell a story
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Last week, I wrote about a May 2026 soybean trading strategy that worked very well. This week, I am writing about a soybean meal strategy. Data released today from the National...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Opportunity is Knocking - Answer the Door
From
Austin Schroeder
via
Barchart
Wheat Closes Tuesday with Losses
The wheat complex posted weakness on Tuesday across all three markets. Chicago SRW futures were down 6 to 7 cents, as March was slipped 11 cents. KC HRW futures were 3 to 4 cents in the red at the close. MPLS spring wheat was down 3 to 4 cents lower...
From
Austin Schroeder
via
Barchart
Soybeans Holds onto Gains on Tuesday
Soybeans rounded out the Tuesday session with contracts fractionally to 1 ¼ cents higher. The cmdtyView national average Cash Bean price was up 1 1/4 cents at $10.68 1/2. Soymeal futures were a dime to $3.40 lower in the front months, with Soy Oil futures 21 to 44 points higher....
From
Austin Schroeder
via
Barchart
Corn Falls Lower on Tuesday
Corn futures closed Tuesday with contracts falling 5 to 6 ¼ cents. The CmdtyView national average Cash Corn price was down 5 1/4 cents at $3.93. USDA’s FGIS tallied corn export shipments at 1.492 MMT (58.75 mbu) during the week ending on February 12. That was 7.31% below the week...
From
Mike Schuler
via
gCaptain
Salvage Crews Remove Fuel From Grounded Barge Near San Juan Harbor
Salvage crews have removed roughly 1,000 gallons of residual fuel from the grounded barge Defiant near the entrance to San Juan Harbor, significantly reducing environmental risk as officials prepare a plan to refloat the 265-foot vessel. The port remains open, and no pollution or injuries have been reported.
From
Mike Schuler
via
gCaptain
Hapag-Lloyd’s $4.2 Billion ZIM Acquisition Reshapes Global Container Shipping Map
Hapag-Lloyd has agreed to acquire ZIM Integrated Shipping Services for $4.2 billion in a deal that would cement its position among the world’s top five container carriers, expand its Transpacific footprint, and add significant LNG-powered capacity to its fleet.