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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
Mike Schuler
via
gCaptain
HD Hyundai Secures First U.S. Navy MRO Contract
HD Hyundai Heavy Industries Co. has secured a maintenance, repair and overhaul (MRO) contract for the USNS Alan Shepard, a 41,000-ton Lewis and Clark-class dry cargo vessel operated by Military...
From
Bloomberg
via
gCaptain
Asian Container Lines Set for Profit Drop as Tariff Boom Fades
A sharp drop in shipping rates could be on the cards later this year after tariff-driven demand in the second quarter pulled forward volumes from the traditional third-quarter peak season.
From
Reuters
via
gCaptain
Russian, Chinese Navies to conduct joint patrols in Asia-Pacific
Russian and Chinese naval vessels will conduct joint patrols in the Asia-Pacific following recent exercises in the Sea of Japan, Russia's Interfax reported on Wednesday.
From
Bloomberg
via
gCaptain
U.S. Weighs Options for Penalizing Russia Beyond India Tariffs
President Donald Trump’s additional 25% tariff on India for its purchases of Russian oil could be just the first shot he aims at Moscow’s energy revenues ahead of a Friday deadline, as the US weighs options to get President Vladimir Putin to end the war against Ukraine.
From
Bloomberg
via
gCaptain
Germany Gets Zero Bids in Zero-Subsidy Offshore Wind Auction
An offshore wind auction in Germany ended without a single bid, showing that zero-subsidy contracts aren’t in demand with investors.
From
Mike Schuler
via
gCaptain
World’s First Green Ammonia Bunkering Completed by COSCO SHIPPING Subsidiary
SINOBUNKER, a marine fuel supply subsidiary of state-owned China COSCO SHIPPING Corporation, has successfully conducted what is being reported as the world’s first green marine ammonia bunkering operation. The landmark...
From
Mike Schuler
via
gCaptain
Australian Government Approves Strategic Defense Shipbuilding Deal with Austal
The Australian Government has approved a Strategic Shipbuilding Agreement (SSA) with Austal Limited that establishes the company’s new subsidiary, Austal Defence Shipbuilding Australia, as the Commonwealth’s strategic shipbuilder for Tier...
From
Mike Schuler
via
gCaptain
Trump Hits India With Additional 25% Tariff Over Russia Oil Purchases
U.S. President Donald Trump signed an Executive Order today imposing a 25% tariff on imports from India, citing the country’s continued purchase of Russian oil. The order, effective 21 days...
From
Bloomberg
via
gCaptain
Trump Hits India With Additional 25% Tariff Over Russia Oil Buys
US President Donald Trump signed an executive order imposing an additional 25% tariff on India over its purchase of Russian energy, the White House said Wednesday hours after talks between the US and Russia over the war in Ukraine failed to yield a breakthrough.
From
Reuters
via
gCaptain
Russian and Chinese Navies Practice Destroying ‘Enemy Submarine’, Days After Trump Move
The Russian and Chinese navies have practiced hunting and destroying an enemy submarine in the Sea of Japan, Russia's defense ministry said on Wednesday, days after U.S. President Donald Trump said he had moved two U.S. nuclear subs closer to Russia.
From
Bloomberg
via
gCaptain
Russia’s Crude Shipments Rebound Ahead of Trump Sanctions Threat
Russia’s crude exports hit a one-month high, driven by a surge in weekly flows that coincided with a sharp drop in refinery runs. The increase came before President Donald Trump’s threat of secondary tariffs on buyers of Russian oil if Moscow fails to make a swift peace with Ukraine.
From
Mike Schuler
via
gCaptain
Australia Selects Mitsubishi Heavy Industries’ Mogami-Class for Future Frigate Fleet
The Australian Government has selected Mitsubishi Heavy Industries’ upgraded Mogami-class frigate as the preferred platform for the Royal Australian Navy’s future fleet of general purpose frigates, accelerating the delivery of...