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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
Warning Shots Off Yemen Underscore Ongoing Gulf of Aden Security Risks
A merchant vessel transiting about 70 nautical miles southwest of Aden, Yemen reported an encounter with armed skiffs on Tuesday, briefly raising alarm before authorities downgraded the situation to “suspicious activity.”
From
Mike Schuler
via
gCaptain
Maritime Action Plan: ICS Warns $1.5 Trillion Port Fee Plan Could Disrupt Global Trade
The International Chamber of Shipping is backing efforts to revive U.S. shipbuilding but warning that proposed port fees on foreign-built vessels—projected to raise up to $1.5 trillion—could disrupt global trade and raise transport costs.
From
Jim Wyckoff
via
Barchart
What Grain Bulls Need Now as They Fight to Keep Price Trends Alive
Here’s what corn, wheat, and soybean traders need to watch this week, including weather conditions in South America, the U.S., and Europe.
From
Austin Schroeder
via
Barchart
Wheat Falling to Kick Off Tuesday
Wheat is down across the three markets, with Chicago leading the charge lower so far on Tuesday morning. The wheat complex closed Friday with losses across all three markets. Chicago SRW futures were 9 to 10 cents lower, as March was still 19 cents higher last week. Open interest was...
From
Austin Schroeder
via
Barchart
Corn Falling Out of the Three-Day Weekend
Corn price action is down 2 to 3 ½ cents as trade resumes on Tuesday morning. Futures posted fractional gains on Friday, as March managed to close the week with a 1 ½ cent gain. Preliminary open interest was up 5,808 contracts on Friday. The CmdtyView national average Cash Corn...
From
Austin Schroeder
via
Barchart
Soybeans Easing Back on Tuesday AM Trade
Soybeans are showing 2 to 4 cent losses across most contracts on Tuesday morning. Futures rounded out the week with contracts down 2 to 4 ½ cents at the close, as March was 17 ¾ cents higher last week. Open interest rose 6,846 contracts on Friday. The cmdtyView national average...
From
Bloomberg
via
gCaptain
Iran Says It’s Closing Parts of Hormuz Strait as US Talks Resume
Parts of the Strait of Hormuz, one of the world’s most important oil-shipping lanes, will be closed for “several hours” on Tuesday as part of Iran’s military drills, state TV in the Islamic Republic reported.
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Oliver Sloup
via
Barchart
Volatility Sweeps Across the Markets to Start the Week
Weekend headlines have sparked a flurry of Volatility in commodity markets to start the week. Here's what's on our radar.
From
Mike Schuler
via
gCaptain
Red Sea Crisis Pushes Shipping Stores and Spares Costs Higher
The maritime industry has experienced mounting cost pressures in the past year as vessels reroute around Africa due to Red Sea security concerns. Shipping industry analysts at Drewry report that...
From
Mike Schuler
via
gCaptain
Coast Guard Icebreakers Free Trapped Bulk Carrier ‘Manitoulin’ on Lake Erie
U.S. and Canadian Coast Guard vessels successfully freed the Canadian-flagged bulk carrier Manitoulin after it became trapped in Lake Erie’s thick ice near Buffalo, New York on January 22. The...
From
Oliver Sloup
via
Barchart
Sunday Headlines Create a Flurry of Volatility Sunday in the Sunday Night Grain Trade
Weekend headlines created some volatility across futures markets to start the week. This is another reminder that we are in a moment in time where weekend headline risk does not just pertain to weather forecasts.
From
Austin Schroeder
via
Barchart
Wheat Slipping to Start the Week
Wheat is trading with Monday morning weakness of 3 to 6 cents across most contracts. The wheat market posted losses on Friday, as weaker export sales day resumed in the morning report. Chicago SRW futures were down 19 to 10 cents in the nearbys, with March up 5 ¼ cents...
From
Austin Schroeder
via
Barchart
Corn Falling Following Weekend Trade Tiff
Corn futures are down 4 to 7 cents so far on Monday morning trade following a weekend trade quarrel that is offering some risk off approach this morning. The corn market posted Friday weakness of 3 to 4 cent, as March was still up 2 ¼ cents on the week....
From
Austin Schroeder
via
Barchart
Soybeans Heading Lower on Monday Morning
The soybean market is pulling back on Monday AM trade, with contracts down 9 to 11 cents. Soybeans posted 4 to 10 cent losses on Friday, led by the nearbys, as March still managed a 21 ¾ cent gain last week. CmdtyView’s national front month Cash Bean price was down...
From
Reuters
via
gCaptain
Swedish Authorities Board Ship Seized Over Baltic Sea Cable Breach
Swedish authorities boarded a Maltese-flagged ship seized in connection with the latest breach of cables running along the bottom of the Baltic Sea to begin an investigation into the matter, the country's security police said on Monday.
From
Lori Ann LaRocco
via
gCaptain
ITF: Seafarer Abandonments Skyrocket in 2024 to Record Highs
By Lori-Ann LaRocco – New data released by the International Transport Workers’ Federation (ITF) shows a skyrocketing year-over-year increase of 87% in seafarers abandoned by shipowners in 2024. David Heindel,...
From
Reuters
via
gCaptain
Sweden Opens Sabotage Probe Into Baltic Undersea Cable Damage
By Andrius Sytas and Johan Ahlander STOCKHOLM/VILNIUS, Jan 26 (Reuters) – An undersea fiber optic cable between Latvia and Sweden was damaged on Sunday, likely as a result of external influence, Latvia...
From
Nick Ehrenberg
via
Barchart
Soybeans are Holding Key Levels Below, is 1095.00 Next, Updated
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
From
Bloomberg
via
gCaptain
North Korea Test-Fires Strategic Cruise Missiles, KCNA Says
By Sarina Yoo and Soo-Hyang Choi Jan 25, 2025 (Bloomberg) —North Korea test-fired strategic cruise missiles on Saturday the official Korean Central News Agency reported, marking a third launch this month...