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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
Shipping’s $180 Billion Push Into Dual-Fuel Ships Shows No Signs of Slowing
The global liner shipping industry’s investment in alternative-fueled vessels continues to accelerate, with the combined fleet of dual-fuel containerships and vehicle carriers surpassing 1,200 vessels delivered or on order, according...
From
Mike Schuler
via
gCaptain
Container Spot Rates Surge as Carriers Layer Surcharges Ahead of Early Peak Season
Global container spot rates posted their sharpest weekly gain in months as carriers pushed through emergency surcharges and capacity cuts amid rising geopolitical disruption and signs of an early start...
From
Mike Schuler
via
gCaptain
UKMTO Warns Ship Seized Near Hormuz Is Being Taken Toward Iran
The UK Maritime Trade Operations (UKMTO) organization has issued a warning after receiving reports that a vessel was boarded by unauthorized personnel northeast of Fujairah, United Arab Emirates, amid continuing...
From
Austin Schroeder
via
Barchart
Wheat Showing Mostly Lower Thursday Morning Trade
Wheat is mostly lower early on Thursday morning. The wheat complex followed Tuesday’s limit gains with the three exchanges lower on Wednesday. Chicago SRW futures closed with contracts steady to 3 ½ cents lower. Open interest was up 3,742 contracts. KC HRW futures were down 4 ¾ to 7 ¾...
From
Austin Schroeder
via
Barchart
Corn Falling Back Early on Thursday
Corn prices are down 6 to 7 cents so far on Thursday morning. Futures posted mixed action at the Wednesday close, with contracts within a penny of either side of unchanged. Open interest was up 10,445 contracts on Wednesday. There were 17 deliveries against May futures overnight, with the contract...
From
Austin Schroeder
via
Barchart
Soybeans Falling Back Following Trump/Xi meeting
Soybeans are trading with 20 to 27 cent losses early on Thursday morning. Futures saw modest strength on Wednesday, with contracts closing fractionally to 3 cents higher on the day. Open interest was up 14,129 contracts on Wednesday. The cmdtyView national average Cash Bean price was up 3 1/4 cents...
From
Reuters
via
gCaptain
Second Japan-linked Oil Tanker Sails Via Strait of Hormuz as PM Asks Iran to Help Out
A Panama-flagged crude oil tanker managed by Japanese refining group Eneos 5020.T has passed through the Strait of Hormuz, ship-tracking data from LSEG showed on Thursday, the second instance of such a Japan-linked oil ship making it through.
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From
Austin Schroeder
via
Barchart
Corn Feeling Month End Pressure at Midday
Corn futures are trading with 2 to 3 ½ cent losses at Thursday’s midday, as month end pressure and wheat weakness spillover is weighing on the market. There were 19 delivery notices overnight on First Notice Day for May futures. The CmdtyView national average Cash Corn price is down 3...
From
Austin Schroeder
via
Barchart
Soybeans Back to Mixed Midday Trade on Thursday
Soybeans are showing mixed trade on Thursday with contracts fractionally lower to 2 cents higher, mainly in the new crop. The cmdtyView national average Cash Bean price is down 3 1/4 cents at $11.22 1/4. Soymeal futures are down $4 to $5.10, with Soy Oil futures up 45 to 93...
From
Mike Schuler
via
gCaptain
Container Rates Slip for Third Week as Oversupply Weighs on Market
Spot container rates extended their downward trend for a third consecutive week, underscoring the growing disconnect between geopolitical disruption and underlying market fundamentals. According to the latest weekly update from Drewry,...
From
Reuters
via
gCaptain
Israel Intercepts Gaza Aid Ships in International Waters, Organizers Decry Move
Israel has intercepted aid ships bound for Gaza in international waters near Greece, flotilla organizers said on Thursday, decrying the move as an "escalation of Israel's impunity."
From
Reuters
via
gCaptain
U.S. Pushes International ‘Maritime Freedom Construct’ as Strait of Hormuz Remains Shut
The U.S. is pushing for other countries to form an international coalition to restore freedom of navigation in the Strait of Hormuz, according to a State Department cable seen by Reuters, as oil prices surged to their highest in more than four years on fears of longer-term disruptions to global fuel supplies.
From
Bloomberg
via
gCaptain
Iran War Is ‘Supercharging’ the Energy Transition, UNFCCC Says
The Iran war is accelerating a shift toward renewable energy as governments race to reduce supply-chain vulnerabilities, according to UNFCCC Executive Secretary Simon Stiell.
From
Trent Klarenbach
via
Barchart
Minneapolis HRSW: Facing 200-Week Moving Average Resistance
Technical analysis of Minneapolis spring wheat as it tests the 200-week MA. Explore key price targets and trends impacting Prairie grain marketing strategies.
From
Reuters
via
gCaptain
US Military Commanders to Brief Trump On Military Options Against Iran, US Official Says
Top U.S. military leaders including Admiral Brad Cooper, the head of Central Command, will brief President Donald Trump later on Thursday on potential military action against Iran, a U.S. official told Reuters.
From
Austin Schroeder
via
Barchart
Wheat Feeling Month End Pressure on Thursday Morning
Wheat is showing early Thursday morning losses, as bulls take profits into the last trade day of April. The wheat complex fell off the early session highs on Wednesday, as month end profit taking got off to a day early start. Chicago SRW futures were down fractionally to 6 ¾...
From
Austin Schroeder
via
Barchart
Soybeans Slipping Back After Hitting Fresh New Crop Highs Overnight
Soybeans are showing 3 to 5 cent losses on Thursday morning, pulling back from overnight strength, which saw November hit a new high for the move at $11.78. Futures rounded out the Wednesday trade with most contracts up 2 ¼ to 9 ¼ cents, led by the old crop contracts....
From
Austin Schroeder
via
Barchart
Corn Slipping Back Early to Close Out April Trade
Corn is starting out the last trade day of April with 1 to 3 cent losses. Futures held on to gains on Wednesday, despite pulling off early highs. Most nearby contracts were fractionally to 2 ½ cents higher, with a few deferreds steady to fractionally lower. Open interest was up...
From
Oliver Sloup
via
Barchart
Grain markets are softer in the early morning trade. Is the top in?
Grain markets made new highs in yesterday's trade but are softer in the early morning trade. Is a longer term top in, or is this just a healthy pullback?