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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
Soybeans Continuing Gains into Thursday's Midday
Soybeans are trading with 7 to 10 cent gains on Thursday int eh front months. The cmdtyView national average Cash Bean price is up 9 1/4 cents at $10.68 1/2. Soymeal futures are $4.50 to $5 higher on the day, with Soy Oil futures 5 to 10 points lower. A...
From
Austin Schroeder
via
Barchart
Wheat Posting Double Digit Strength on Thursday
The wheat complex is trading with gains across all three exchanges at midday. Chicago SRW futures are 10 to 12 cents higher at midday. KC HRW futures are 12 to 14 cents in the front months on Wednesday. MPLS spring wheat is trading with 5 to 6 cent gains in...
From
Austin Schroeder
via
Barchart
Corn Bulls Pushing Back Higher on Thursday
Corn futures are trading with 2 to 3 ½ cent gains in the front months on Thursday. The CmdtyView national average Cash Corn price is up 2 1/4 cents at $3.96 1/4. Export Sales data from this morning showed a total of 2.07 MMT of corn sold in the week...
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
HMM Remains Profitable in 2025 Despite Global Freight Rate Collapse
South Korea’s HMM managed to stay in the black through a bruising 2025 for container shipping, posting a 13.4% operating margin even as freight rates collapsed across major trade lanes and several global rivals slipped into losses.
From
Trent Klarenbach
via
Barchart
Canola Near Overhead Supply
Canola is on a nice rally. How much more does it have to go?
From
Mike Schuler
via
gCaptain
Container Rates Slide for Fifth Week as Lunar New Year Demand Disappoints
Global container shipping rates fell for a fifth consecutive week as the usual pre-Lunar New Year cargo surge failed to materialize, prompting carriers to ramp up blank sailings across major trade lanes.
From
Bloomberg
via
gCaptain
Gas-Hungry Europe to Get Rare LNG Shipment Reloaded From China
A liquefied natural gas shipment reloaded from China — the world’s top buyer of the fuel — is heading to Europe, a rare move that highlights the continent’s push to refill dwindling inventories.
From
Reuters
via
gCaptain
Two US Navy Ships Collide, No Major Injuries, US Southern Command Says
A U.S. warship and a Navy supply vessel collided during refueling Wednesday afternoon, the U.S. Southern Command told Reuters in an emailed statement on Thursday.
From
Austin Schroeder
via
Barchart
Wheat Showing Steady Trade Early on Thursday
Wheat is trading with most contracts within a penny of unchanged. The wheat complex found some strength on Wednesday. Chicago SRW futures closed out the session with strength as front months were up 5 to 9 cents. Open interest suggested short covering, dropping 24,052 contracts. KC HRW futures were up...
From
Austin Schroeder
via
Barchart
Soybeans Extending Higher on Thursday Morning
Soybeans are trading with 10 to 11 cents in the nearby contracts early on Thursday/ Futures posted gains of 1 to 4 3/4 cents to close out Wednesday. Open interest was up just 1,840 contracts. The cmdtyView national average Cash Bean price was up 2 cents at $10.58 1/4. Soymeal...
From
Austin Schroeder
via
Barchart
Corn Posting Fractional Gains on Thursday
Corn price action is fractionally higher on Thursday morning. Futures closed the midweek session with contracts down fractionally to 1 ½ cents in the nearbys. New crop contracts saw 1 to 2 ¼ cent gains. Open interest was up 23,996 contracts on Wednesday. The CmdtyView national average Cash Corn price...