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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
Mike Schuler
via
gCaptain
Panama Canal to Cut Daily Transits as Optimistic Water Outlook Fades
The Panama Canal is cutting daily transit capacity and overhauling its auction system as below-expected rainfall puts renewed pressure on the waterway’s freshwater supplies, just months after officials said they...
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.
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From
Reuters
via
gCaptain
Romania Pushes NATO to Step Up Black Sea Mine Task Force
BUCHAREST, Aug 14 (Reuters) – NATO allies Romania, Bulgaria and Turkey should expand a joint task force that clears mines floating in the Black Sea to include patrols to protect energy facilities and...
From
Bloomberg
via
gCaptain
CK Hutchison Profit Plunges 92% on One-Off Loss From Merger
CK Hutchison Holdings Ltd.’s profit fell 92% in the first half of the year, due to a one-time and non-cash loss on account of the merger of its telecommunications arm with Vodafone Group Plc.
From
Mike Schuler
via
gCaptain
Michigan Maritime Training School Owner Pleads Guilty to Falsifying Captain’s Course Records
A St. Clair County man has pleaded guilty to falsifying records for students seeking to become credentialed merchant mariners, potentially endangering safety on the Great Lakes. The case is the...
From
Mike Schuler
via
gCaptain
Container Rates Stabilize After Tariff-Driven Volatility as Market Braces for Second-Half Contraction
Drewry’s World Container Index decreased 3% to $2,350 per 40ft container this week, marking the ninth consecutive week of decline as the market continues to stabilize following months of extreme...
From
Mike Schuler
via
gCaptain
West Coast Ports Smash Records as Shippers Rush Ahead of Trump Tariffs
The Port of Los Angeles recorded its busiest month in its 117-year history this July, handling over 1 million Twenty-Foot Equivalent Units (TEUs) as retailers and manufacturers accelerate shipments amid...
From
Mike Schuler
via
gCaptain
Hapag-Lloyd Posts Solid Half-Year Results Despite Red Sea Crisis and Volatile Trade Environment
Hapag-Lloyd has reported a solid financial performance for the first half of 2025, achieving a Group EBITDA of USD 1.9 billion despite ongoing challenges in global shipping markets. The German...
From
Bloomberg
via
gCaptain
India’s Trade Gap Widens to 8-Month High as Imports Rise
India’s trade deficit widened to an eight-month high in July, as the rise in inbound shipments outpaced the growth in exports.
The gap between exports and imports stood at $27.35 billion last month, data showed Thursday.
From
Reuters
via
gCaptain
Hutchison Sees “Reasonable Chance” of $22.8 bln Ports Sale Going Through
CK Hutchison 0001.HK said on Thursday its $22.8 billion ports business sale had a "reasonable chance" of going through after a plan to add a Chinesemajor strategic investor to the buying consortium, as it tries to navigate through Sino-U.S. tensions.
From
Mike Schuler
via
gCaptain
West Coast Ports Smash Records as Shippers Rush Ahead of Trump Tariffs
Both the Port of Los Angeles and Port of Long Beach recorded their busiest July ever as importers accelerate shipments amid concerns over impending tariffs, creating a stark contrast with...
From
Mike Schuler
via
gCaptain
New York Launches Landmark Hybrid-Electric Ferry Service to Governors Island
The Trust for Governors Island has unveiled the Harbor Charger, New York State’s first hybrid-electric public ferry. The vessel enters service today, coinciding with the 20th anniversary of Governors Island...
From
Reuters
via
gCaptain
Venture Global Eyes More Wins After Shell Arbitration Victory
Liquefied natural gas producer Venture Global expects to win its remaining arbitration cases against major energy companies following its victory against Shell, CEO Mike Sabel said on Wednesday.
From
Bloomberg
via
gCaptain
Ukraine Claims Attack on Hub for Major Russian Oil Pipelines
Ukraine claimed a strike on an important hub for Russia’s network of crude-exporting pipelines, though flows from the system to Europe seem to remain uninterrupted for now.