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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
Sean Lusk
via
Barchart
Grain Spreads: Rinse & Repeat in Wheat
Funds short Cover, then Re-Short Once Again.
From
Chris Swift
via
Barchart
Shootin' the Bull about projected negative margins and the spreads creating them.
Backgrounders are now believed in a similar spot as cattle feeders when looking at projected margins.
From
Mike Schuler
via
gCaptain
Port of Los Angeles Volumes Fall 12% as Tariff Uncertainty Clouds Outlook
Los Angeles processed 812,000 TEUs in January, down 12% year over year, with exports hitting their lowest monthly level in nearly three years as tariff uncertainty lingers.
From
Mike Schuler
via
gCaptain
MARAD Opens Workforce Centers of Excellence Applications Amid U.S. Shipbuilding Push
The U.S. Maritime Administration (MARAD) has launched a nationwide recruitment drive for its Centers of Excellence program, opening applications for institutions seeking to train the next generation of maritime workers...
From
Austin Schroeder
via
Barchart
Wheat Losses Holding at Tuesday’s Midday
The wheat complex is showing weakness on Tuesday across all three markets. Chicago SRW futures are facing losses of 6 to 7 cents, as March is down 12 cents. KC HRW futures are down 3 to 5 cents in the front months. MPLS spring wheat is 2 to 4 cents...
From
Austin Schroeder
via
Barchart
Soybeans Popping Higher as NOPA Shows Better than Expected Crush
Soybeans are trading with contracts up 2 to 3 ¼ cents at midday. The cmdtyView national average Cash Bean price is up 3 1/2 cents at $10.71 3/4. Soymeal futures are $1.60 to $2.20 lower, with Soy Oil futures 10 to 21 points lower. NOPA stocks are an issue. NOPA...
From
Austin Schroeder
via
Barchart
Corn Posting Tuesday Losses
Corn futures are showing 4 to 6 cent losses across the front months on Tuesday’s midday. The CmdtyView national average Cash Corn price is down 4 1/2 cents at $3.94 3/4. USDA’s FGIS tallied corn export shipments at 1.492 MMT (58.75 mbu) during the week ending on February 12. That...
From
Bloomberg
via
gCaptain
Iciest Baltic in 15 Years Threatens to Cut Russian Exports
The most extensive sea ice in 15 years around Russia’s key Baltic Sea commodity ports could curb a chunk of the nation’s vast exports program because of a shortage of vessels that can cope with the conditions.
From
Reuters
via
gCaptain
France Releases Oil Tanker GRINCH After ‘Several Million Euro’ Penalty for Sanctions Evasion
France released the seized oil tanker GRINCH after imposing a multi-million euro penalty on the vessel's owner for suspected involvement in Russia's shadow fleet evading European oil sanctions.
From
Paul Morgan
via
gCaptain
PPR 13: The Quiet IMO Meeting That Could Change How Ships Are Actually Run
The latest session of the IMO’s Pollution Prevention and Response Sub-Committee didn’t deliver sweeping new rules, but beneath the technical drafting work, PPR 13 signaled a clear shift toward performance-based environmental oversight. From biofouling and Arctic black carbon to scrubber discharges and low-load engine certification, the focus is moving beyond installed equipment to how ships are actually operated, maintained, and managed over their full lifecycle.
From
Mike Schuler
via
gCaptain
Warning Shots Off Yemen Underscore Ongoing Gulf of Aden Security Risks
A merchant vessel transiting about 70 nautical miles southwest of Aden, Yemen reported an encounter with armed skiffs on Tuesday, briefly raising alarm before authorities downgraded the situation to “suspicious activity.”
From
Mike Schuler
via
gCaptain
Maritime Action Plan: ICS Warns $1.5 Trillion Port Fee Plan Could Disrupt Global Trade
The International Chamber of Shipping is backing efforts to revive U.S. shipbuilding but warning that proposed port fees on foreign-built vessels—projected to raise up to $1.5 trillion—could disrupt global trade and raise transport costs.