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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
Trent Klarenbach
via
Barchart
Soybeans Technicals: Confirming the Double Top
We analyze the rumoured double top in soybean prices. Canadian grain marketers should wait for a confirmed neckline break before acting on the charts.
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...
The APS Information Center
For detailed updates and additional resources, explore our resources section.
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?
From
Bloomberg
via
gCaptain
US Seeks Forfeiture of Seized Oil Tankers Linked to Iran
The US is seeking forfeiture of two Iran-linked oil tankers seized by naval forces enforcing a blockade against the Islamic Republic, according to a senior administration official.
From
John Konrad
via
gCaptain
The United States Did Not Just Outsource Shipbuilding. It Outsourced Demand.
Why America’s Cargo Demand Is Building Maritime Capacity Everywhere but at Home By Bruce Kimbrell (Policy Op-Ed) I spent last week at the Sea-Air-Space Conference at the Gaylord in Maryland...
From
Austin Schroeder
via
Barchart
Corn Closes Wednesday with Modest Gains
Corn 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. The CmdtyView national average Cash Corn price was up 1 1/4 cents at $4.33 1/2. EIA’s weekly report showed...
From
Austin Schroeder
via
Barchart
Soybeans Rally as Bean Oil Hits Contract Highs
Soybeans rounded out the Wednesday trade with most contracts up 2 ¼ to 9 ¼ cents, led by the old crop contracts. Some back months were fractionally to 2 cents lower. The cmdtyView national average Cash Bean price was up 10 cents at $11.25. Soymeal futures were down 40 cents...
From
Austin Schroeder
via
Barchart
Wheat Fades Back to Close Mixed on Wednesday
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 cents, with deferreds up ¼ to 3 ¼ cents. KC HRW futures were up fractionally to 2 ½...
From
Mike Schuler
via
gCaptain
FMC Judge Orders OOCL to Pay $45.6 Million in Landmark Bed Bath & Beyond Shipping Case
Three years after bankrupt retailer Bed Bath & Beyond accused Orient Overseas Container Line of auctioning off contracted vessel space to higher-paying cargo during the pandemic supply chain crisis, a Federal Maritime...
From
Reuters
via
gCaptain
Trump Discusses Sustaining Iran Blockade for Months as Oil Prices Surge
Donald Trump discussed how to mitigate the impact of a possible months-long U.S. blockade of Iran's ports with oil companies, a White House official said on Wednesday, as the U.S. president urged Tehran to "get smart soon" and sign a deal.
From
Mike Schuler
via
gCaptain
Navy Awards HII $283 Million Contract to Kick Off FF(X) Frigate Construction
The U.S. Navy has awarded HII’s Ingalls Shipbuilding a $283 million contract to begin lead yard support work for the Navy’s new FF(X) frigate program, marking a major next step...
From
Chris Swift
via
Barchart
Shootin' the Bull about abnormalities in the industry
There are multiple abnormalities taking place within the industry that are expected to continue to reshape it.
From
Austin Schroeder
via
Barchart
Corn Holding Firm on Wednesday
Corn futures are trading with contracts fractionally to 1 ¼ cents higher at midday on Wednesday. The CmdtyView national average Cash Corn price is up 1 cent at $4.33 1/4. EIA’s weekly report showed a larger than expected drop in ethanol production in the week that ended on April 24,...