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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
South Africa to Offer US a Revised Trade Deal on Tuesday
South Africa will submit a revised offer for a trade deal to Washington on Tuesday, the trade minister said, in an effort to lower the 30% tariff rate U.S. President Donald Trump imposed on exports to the United States last week.
From
Bloomberg
via
gCaptain
Russia Keeps Crude Exports Flowing Ahead of Trump-Putin Summit
Russia’s oil shipments nudged down for a third week, but remain comfortably within the range seen so far this year. Threats of additional tariffs are having little immediate impact on flows ahead of a Friday meeting between US President Donald Trump and his Russian counterpart Vladimir Putin.
From
Mike Schuler
via
gCaptain
USCGC Storis: A Look at America’s Newest Arctic Icebreaker
The U.S. Coast Guard officially commissioned the USCGC Storis (WAGB 21) in Juneau, Alaska on August 10, marking a significant addition to America’s icebreaker fleet amid growing Russian and Chinese...
From
Mike Schuler
via
gCaptain
Orsted Turns to Shareholders as U.S. Offshore Wind Market Sours
Shares in Orsted plunged to a record low on Monday as the wind farm developer asked shareholders for $9.4 billion to help fund a U.S. project, after potential partners were put off by U.S. President Donald Trump's hostility to wind power.
From
Bloomberg
via
gCaptain
India State-Run Shipper to Buy Local Vessels in $2 Billion Deal
State-owned Shipping Corp. of India, the country’s largest shipping line, is working on a plan to purchase 26 India-made ships for 198.2 billion rupees ($2.3 billion) as part of a government initiative to boost the domestic shipbuilding industry, according to people familiar with the matter.
From
Bloomberg
via
gCaptain
Record Short Against Maersk Backfires in Trade-War Defying Rally
Shorting the stock of the world’s largest listed shipping company during a global trade war may seem like a sure bet. But the investors who’ve loaded up on the trade since April have so far only been handed big losses.
From
Mike Schuler
via
gCaptain
Watch: Passenger Vessel Caught in Oahu Surf
The U.S. Coast Guard is monitoring a passenger vessel that ran aground near Kewalo Basin in Honolulu. The Discovery, a 75-foot vessel operating as a shuttle for Atlantis Adventures, is...
From
Mike Schuler
via
gCaptain
Watch: Chinese Warship Collides With Own Coast Guard Vessel During South China Sea Pursuit
A Chinese navy vessel collided with one of its own coast guard ships while pursuing a Philippine patrol boat in the South China Sea on Monday, according to Manila officials...
From
Malte Humpert
via
gCaptain
US Coast Guard Commissions CGC ‘Storis’, Icebreaker to Depart on Arctic Patrol ‘Immediately’
Less than eight months after acquiring the icebreaking anchor handling tug supply vessel (AHTS) Aiviq from an Edison Chouest Offshore subsidiary for $125m the U.S. Coast Guard commissioned the newly refurbished vessel as icebreaker Storis.
From
Malte Humpert
via
gCaptain
Sanctioned Suezmax Oil Tanker Navigates Russian Arctic Without Permit, Unknown Insurance, and Overdue for Inspection
Russia continues to push the safety envelope for oil shipments via the Arctic. A 19-year old sanctioned Suezmax tanker, Latur, loaded with Russian crude oil has entered the country’s Northern Sea Route. The Comoros-flagged tanker left Murmansk on August 6 and is currently displaying China as its destination with a September 6 arrival.
From
Reuters
via
gCaptain
Finland Charges ‘Eagle S’ Tanker Captain, Officers Over Cable Cuts
Finland's national prosecutor's office said on Monday it had brought charges against the captain and first and second officers of the Eagle S oil tanker over the cutting of undersea cables in the Gulf of Finland in December.
From
Malte Humpert
via
gCaptain
Sanctioned Suezmax Oil Tanker Navigates Russian Arctic Without Permit, Unknown Insurance, and Overdue for Inspection
Russia continues to push the safety envelope for oil shipments via the Arctic. A 19-year old sanctioned Suezmax tanker, Latur, loaded with Russian crude oil has entered the country’s Northern Sea Route. The Comoros-flagged tanker left Murmansk on August 6 and is currently displaying China as its destination with a September 6 arrival.