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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
Austin Schroeder
via
Barchart
Corn Slipping Back Early on Friday
Corn price action is down 1 to 2 cents so far on Friday morning. Futures posted Thursday gains of 3 to 5 ½ cents across most contracts on the day, getting spillover support from wheat and soybeans. Preliminary open interest was up 15,625 contracts on Thursday. The CmdtyView national average...
From
Austin Schroeder
via
Barchart
Soybeans Falling Back in Early Friday Action
Soybeans are showing 6 to 7 cent losses so far on Friday morning. Futures posted front month gains of 11 to 13 ¼ cents on Thursday, with new crop November up 5 ¾ cents. Open interest rose 19,094 contracts on Thursday. The cmdtyView national average Cash Bean price was up...
From
Mike Schuler
via
gCaptain
Navy Collision During Replenishment Draws Attention to Complex At-Sea Operations
The Arleigh Burke-class guided missile destroyer USS Truxtun (DDG-103) and the fast combat support ship USNS Supply (T-AOE-6) collided during a replenishment-at-sea operation in the Caribbean on Tuesday afternoon, according to U.S. Southern Command.
From
Mike Schuler
via
gCaptain
Maersk’s Record-Setting Dual-Fuel Containership Goes LEGO
The Danish toy giant LEGO is set to launch a new collector’s set celebrating Maersk’s methanol-powered flagship, Ane Maersk. The Maersk Dual-Fuel Container Vessel (40955) hits shelves on March 1, bringing the world’s first...
From
Walsh Trading
via
Barchart
Chart of the Day - May Soybeans
The Weekly chart has made a bullish turn, are $12.00 Beans around the corner?
From
Austin Schroeder
via
Barchart
Soybeans Rally on Thursday
Soybeans posted front month gains of 11 to 13 ¼ cents on Thursday, with new crop November up 5 ¾ cents. The cmdtyView national average Cash Bean price was up 13 1/4 cents at $10.72 1/2. Soymeal futures were $4.00 to $4.70 higher on the day, with Soy Oil futures...
From
Austin Schroeder
via
Barchart
Corn Bulls Push Higher into the Thursday Close
Corn futures posted Thursday gains of 3 to 5 ½ cents across most contracts on the day, getting spillover support from wheat and soybeans. The CmdtyView national average Cash Corn price was up 3 3/4 cents at $3.98 3/4. Export Sales data from this morning showed a total of 2.07...
From
Austin Schroeder
via
Barchart
Wheat Post Double Digit Rally on Thursday
The wheat complex posted gains across all three exchanges on Thursday. Chicago SRW futures were 13 to 15 1/4 higher at the close. KC HRW futures were 14 to 15 ½ cent in the green in the front months. MPLS spring wheat was 7 to 8 cents higher on the...
From
Reuters
via
gCaptain
Mexican Ships Deliver Food and Supplies to Cuba as Island Faces U.S. Fuel Supply Crackdown
Two Mexican-flagged ships delivered 814 tons of humanitarian aid to Havana Harbor on Thursday, defying U.S. pressure after Washington threatened tariffs on countries supplying oil to Cuba. Mexico halted oil shipments in January but pledged food assistance.
From
Chris Swift
via
Barchart
Shootin' the Bull about emboldening producers further.
A recovery off the low, and technical indicators turning higher, will be anticipated to further embolden cattle feeders.
From
Mike Schuler
via
gCaptain
CK Hutchison Escalates Legal Battle Over Panama Ports Ruling
Hong Kong-based CK Hutchison has escalated a legal fight over its Panama Canal port concessions, triggering treaty arbitration and raising uncertainty over operations at the Balboa and Cristobal terminals as Panama advances plans for a forced transition.
From
Mike Schuler
via
gCaptain
Fatal German Bight Ship Collision Was ‘Wholly Avoidable,’ MAIB Says
Five sailors are dead because no one acted in time. A final investigation into the German Bight collision that sank the cargo ship Verity finds basic collision rules were ignored, decisive maneuvers were delayed, and shore-side intervention came too late to stop a preventable tragedy.