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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
Bloomberg
via
gCaptain
Hormuz Oil Flows Creep Higher as More Supertankers Exit
The number of supertankers hauling unsanctioned oil through the Strait of Hormuz has shown signs of rising in recent days, offering limited relief to an oil market that’s suffered the largest supply disruption in history.
From
Reuters
via
gCaptain
New Attacks Hit Ships Near Hormuz as Trump Discusses Iran With Xi
U.S. President Donald Trump discussed the Iran war with China's President Xi Jinping in Beijing on Thursday, while new attacks on vessels near the Strait of Hormuz brought a reminder of the costs of a prolonged stalemate, with peace talks stalled.
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...
The APS Information Center
For detailed updates and additional resources, explore our resources section.
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,...
From
Austin Schroeder
via
Barchart
Soybeans Pushing Higher on Wednesday
Soybeans are posting 3 to 8 cent gains in the front months on Wednesday. The cmdtyView national average Cash Bean price is up 8 1/4 cents at $11.23 1/4. Soymeal futures are down $3.70 to $6.40 across the front months, with Soy Oil futures up 123 to 135 points Crush...
From
Austin Schroeder
via
Barchart
Wheat Holding onto Gains at Midday
The wheat complex is holding higher on Wednesday, after retreating from early highs. Chicago SRW futures are trading with 1 to 3 cent gains at midday. KC HRW futures are 7 to 8 cents in the green on Wednesday. MPLS spring wheat is 4 to 7 cents higher in the...
From
Paul Morgan
via
gCaptain
The Forgotten Fuel That Could Power Shipping’s Future
Thorium, an abundant and largely overlooked radioactive metal, is emerging as the fuel of a new generation of compact molten salt reactors that could transform how ports produce marine fuels and support the energy transition. With China achieving the world’s first experimental proof of the thorium breeding cycle, and Danish engineers designing factory-built reactors that fit inside a shipping container, the timeline may be shorter than most in shipping expect.
From
Bloomberg
via
gCaptain
Strait of Hormuz Nears Third Month of Closure
A fully-laden Japan-linked oil tanker completed a rare transit of the Strait of Hormuz, as the effective closure of the waterway to most international traffic enters its third month.
From
Mike Schuler
via
gCaptain
Canada’s First Coast Guard Arctic and Offshore Patrol Cutter Launched at Halifax Shipyard
Halifax Shipyard has launched the first Arctic and Offshore Patrol Ship built for the Canadian Coast Guard, marking the latest milestone in Canada’s National Shipbuilding Strategy and the ongoing renewal...
From
Mike Schuler
via
gCaptain
Appeals Court Backs FMC in Landmark Detention Charges Ruling Against Evergreen
A federal appeals court has upheld a closely watched Federal Maritime Commission ruling against Evergreen Marine over container detention charges, in a decision that could reinforce regulatory scrutiny of carrier fee practices and strengthen...
From
Mike Schuler
via
gCaptain
U.S. Treasury Warns Hormuz ‘Toll’ Payments to Iran Could Trigger Sanctions
The U.S. Treasury Department has issued new sanctions guidance warning that payments to Iran or the Islamic Revolutionary Guard Corps for so-called “safe passage” through the Strait of Hormuz are prohibited, adding...
From
Austin Schroeder
via
Barchart
Corn Gains Extend to Wednesday Morning Trade
Corn price action is up 1 to 2 ½ cents in the front months early on Wednesday. Futures closed the Tuesday session with contracts 3 ¼ to 6 ½ cents higher, as spillover support from the wheat market is supportive. Open interest was up 6,779 contracts on Tuesday, suggesting net...
From
Austin Schroeder
via
Barchart
Wheat Pushing to Fresh Highs on Wednesday Morning
Wheat is trading at new highs early on Wednesday, with gains across the board. The wheat complex posted a double digit rally across the three exchanges on Tuesday. Chicago SRW futures were 17 to 28 1/4 cents higher on Tuesday. Open interest was down 1,644 contracts on Tuesday. KC HRW...
From
Austin Schroeder
via
Barchart
Soybeans Back to Higher Trade to Start Wednesday
Soybeans are trading with 4 to 5 cent gains so far on Wednesday morning. Futures closed the Tuesday session with front months down 1 to 4 ¼ cents in the front months and fractionally to 1 ¼ cents higher in the deferreds. Preliminary open interest was down 38,061 contracts in...