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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
Malte Humpert
via
gCaptain
Russia Sends Nuclear Icebreaker From Arctic to Baltic Sea as Severe Ice Chokes Shipping
Russia has dispatched two powerful icebreakers, including a nuclear-powered vessel, from Arctic waters to the Baltic Sea to help keep shipping lanes open as one of the harshest ice seasons in more than a decade disrupts traffic across northern Europe.
From
Reuters
via
gCaptain
India seizes Iran-linked US-sanctioned tankers, steps up surveillance
ndia has seized three U.S.-sanctioned tanker ships linked to Iran this month and stepped up surveillance in its maritime zone to curb illicit trade, a source with direct knowledge of the matter said on Monday.
From
Bill Allen
via
Barchart
Walsh Gamma Trader
Low-Cost Options, With Limited Risk, and Potential Large Price Movement
From
Malte Humpert
via
gCaptain
Mukran LNG Terminal Reopens After Icebreakers Clear Channel in Frozen Baltic
Operations at the floating LNG import facility Mukran off the Baltic coast of Germany resumed this week after icebreaking efforts by the multipurpose vessel Neuwerk restored access to open water following weeks of disruption caused by heavy sea ice in the bay off Mukran.
From
Bloomberg
via
gCaptain
A Huge Bet on Supertankers Reverberates Through the Oil Market
A niche but crucial part of the oil market is being rocked by a huge bet from a South Korean tycoon who has amassed a large share of the tanker market — with help from one of the industry’s wealthiest men.
From
Reuters
via
gCaptain
Hapag-Lloyd in Advanced Talks to Acquire Israel’s ZIM Integrated Shipping
Container shipping group Hapag-Lloyd HLAG.DE said it is in advanced negotiations to acquire Israeli rival ZIM Integrated Shipping Services ZIM.N, a deal that would consolidate its position as one of the world's biggest ocean shipping companies.
From
Bloomberg
via
gCaptain
Russian Port Hit By Ukrainian Drones Days Before Geneva Peace Talks
Ukrainian drones struck Russia's Taman seaport on the Black Sea, damaging fuel tanks and port terminals just days before Russian and Ukrainian negotiators meet in Geneva for US-led peace talks.
The APS Information Center
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From
Austin Schroeder
via
Barchart
Soybean Rally Off Tuesday’s Lows to Post 7-Month High
The soybean market posted 10 to 17 cent gains on the Tuesday session. Contracts were well off their overnight lows as beans were left off a list of Chinese retaliatory tariffs. CmdtyView’s national front month Cash Bean price was up 16 cents at $10.13 1/4. Soymeal futures were up $10.30/ton,...
From
Austin Schroeder
via
Barchart
Corn Rallies on Tuesday
Longs in the corn market were adding some risk back on during the Tuesday session, with contracts up 2 to 6 cents at the close. This came after trade tensions eased on Monday with any potential for Mexican/Canadian tariffs were pushed back another month. The national average Cash Corn price...
From
Chris Swift
via
Barchart
"Shootin' the Bull" about even more processing to come
And even more processing capabilities are coming on line with today's JBS announcement of a $200,000,000.00 dollar expansion of their Cactus Texas and Greely Colorado plants.
From
Mike Schuler
via
gCaptain
Bibby Marine Goes Big on Batteries: World’s First Fully-Electric Offshore Vessel to Launch in 2027
UK-based Bibby Marine has contracted with Spanish shipyard Armon to build the world’s first fully-electric Commissioning Service Operation Vessel (eCSOV), marking a significant milestone in maritime decarbonization. The vessel will...
From
Mike Schuler
via
gCaptain
Noble Corporation to Scrap Two Ultra-Deepwater Drillships
Noble Corporation plc (NYSE: NE) has announced plans to divest two cold-stacked ultra-deepwater drillships, the Pacific Meltem and Pacific Scirocco, as part of its fleet optimization strategy. The company intends...
From
Austin Schroeder
via
Barchart
Corn Rallying on Tuesday
After fallout from the tariff pushback, longs in the corn market are adding the risk back on. Contracts are up 5 to 8 ½ cents in the nearbys and 3 ¼ cents in new crop December. The national average Cash Corn price from cmdtyView was up 9 cents at $4.54...
From
Austin Schroeder
via
Barchart
Wheat Trading Higher at Tuesday’s Midday
The wheat market is trading with gains across the three exchanges so far on Tuesday. Chicago SRW futures are up 8 to 9 cents in the nearbys. KC HRW futures are 6 cents higher in the front months. MPLS spring wheat is 1 to 2 cents in the green so...
From
Austin Schroeder
via
Barchart
Soybean Bulls Pushing Back Following Lack of Chinese Threat
The soybean market is showing 10 to 17 cent gains so far on Tuesday midday trade. Contracts are well off their overnight lows as beans have been left off a list of Chinese retaliatory tariffs. CmdtyView’s national front month Cash Bean price is up 16 cents at $10.13 1/4. Soymeal...
From
Reuters
via
gCaptain
Trump Moves to Choke Off Iran’s Oil Exports with ‘Maximum Pressure’
U.S. President Donald Trump on Tuesday plans to restore his "maximum pressure" campaign on Iran in an effort to stop Tehran from obtaining a nuclear weapon and drive its oil exports down to zero, a U.S. official said.
From
Bloomberg
via
gCaptain
US Sanctions Bite With Russia’s Crude Exports Facing Delays Offloading
Russia’s crude exports have yet to be curtailed by the latest US sanctions to target its oil, with flows broadly stable. But while loading cargoes onto tankers is one thing, getting them off is another — and signs are emerging that the curbs are stalling the completion of shipments.
From
Reuters
via
gCaptain
China Launches Limited Tariffs After Trump Imposes Sweeping New Levies
China imposed targeted tariffs on U.S. imports on Tuesday and put several companies, including Google, on notice for possible sanctions, in a measured response to the sweeping duties on Chinese imports imposed by President Donald Trump.
From
Mike Schuler
via
gCaptain
Enterprise Products’ SPOT Oil Export Project Faces Uncertain Future Due to Low Customer Interest
Enterprise Products Partners announced today that its Sea Port Oil Terminal (SPOT) project lacks sufficient customer interest to move forward with commercialization, casting doubt on the future of what was...