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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
Panama Closes Ship Registry to Older Oil Tankers and Bulkers Amid Shadow Fleet Concerns
The Panama Ship Registry will no longer accept the registration of oil tankers or bulk carriers that are more than 15 years old. This decisive action aims to optimize fleet...
From
Reuters
via
gCaptain
Trump Orders Nuclear Submarines Moved After Russian ‘Provocative Statements’
By Phil Stewart, Jonathan Landay and Ryan Patrick Jones WASHINGTON, Aug 1 (Reuters) – U.S. President Donald Trump on Friday said he had ordered two nuclear submarines to be positioned in “the...
From
Mike Schuler
via
gCaptain
Fishing Companies Fined $1.2 Million for Illegal Bilge Dumping in Alaska Waters
A federal district court in Anchorage has imposed civil penalties exceeding $1.18 million against three Kodiak-based commercial fishing companies and their manager for Clean Water Act violations. The judgment, entered...
From
Reuters
via
gCaptain
Markets Dive After Trump Hits Countries with Steep Tariffs
By John Revill and Trevor Hunnicutt ZURICH/WASHINGTON, Aug 1 (Reuters) – U.S. President Donald Trump’s latest wave of tariffs on exports from dozens of trading partners sent global stock markets...
From
Bloomberg
via
gCaptain
Trump Yanks Millions of Acres Designated for Offshore Wind
By Ari Natter (Bloomberg) — The Trump administration is revoking approval for millions of acres of ocean to be set aside for offshore wind development amid an escalating attack on...
From
The Loadstar
via
gCaptain
SeaLead Terminates Charters on Sanctioned Ships Linked to Iran
Singapore carrier SeaLead Shipping yesterday terminated charters on 16 ships caught up in the US Office of Foreign Asset Control’s (OFAC) sanctions on an Iranian political adviser.
From
Reuters
via
gCaptain
Panama Communities Challenge Canal Expansion Project in Supreme Court
Communities in Panama that would have to relocate under the Panama Canal's plan to build a $1.6 billion reservoir filed a Supreme Court challenge on Thursday, saying the project intended to enable more vessel transits is unconstitutional.
From
The Loadstar
via
gCaptain
Container Spot Rates Flat as Peak Season Fails to Materialize
Container spot freight rates on the major east-west trades were barely unchanged for yet another week, as expected peak season volumes are yet to materialise and carrier attempts to match capacity with anaemic demand failed to lift prices.
From
Mike Schuler
via
gCaptain
Opinion: Fed Agencies Paralyzed or Deep State Run Amok?
Why the Senate Must Confirm Civilian Leadership Over the Army Corps of Engineers By William P. Doyle — The U.S. Senate must act to confirm federal agency leadership—starting with the...
From
Bloomberg
via
gCaptain
Indian Refiner Snaps Up US Oil After Trump’s Russia Threats
India’s largest oil refiner has snapped up millions of barrels of crude from the US and UAE, with the South Asian nation facing mounting pressure from US and Europe over its purchases from Russia.
From
Reuters
via
gCaptain
Trump Imposes Sweeping Tariffs on Nations Ahead of Trade Deal Deadline
U.S. President Donald Trump imposed steep tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan, ahead of a Friday trade deal deadline, pressing ahead with plans to reorder the global economy.
From
Reuters
via
gCaptain
US Sanctions Force Vessels With Russian Oil to Divert From India, Sources Say
At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed.