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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
Engine Room Fire Claims Two Lives Aboard Bulk Carrier Off Chinese Coast
A fire in the engine room of the Singapore-registered bulk carrier MANDY has resulted in the deaths of two crew members and left a third hospitalized following an incident off the coast of China.
From
Paul Morgan
via
gCaptain
Hormuz Pressure Play: Iran’s ‘Temporary’ Closure Sends a Strategic Signal to Global Shipping
Tension in one of the world’s most critical maritime chokepoints spiked this week after Iran temporarily restricted parts of the Strait of Hormuz during live-fire military exercises, a move that underscored how quickly geopolitics can ripple through global shipping markets even without a full blockade.
From
Reuters
via
gCaptain
Los Angeles Port Exports Drop 8% Amid China Trade War
Exports from the Port of Los Angeles fell 8% in January to the lowest level in nearly three years as Trump's tariffs devastated trade with China. Soybean shipments to China dropped 80% as retaliatory duties hammer U.S. farmers.
From
Oliver Sloup
via
Barchart
Grain Markets Firm. Can it Hold?
Grain markets have been able to gain some ground in the overnight and early morning trade. Can the strength hold or will sellers take advantage it?
From
Bloomberg
via
gCaptain
Tariffs Caused Just Small China Trade Diversion, ECB Study Shows
Donald Trump’s trade levies aren’t the main reason why China is exporting more to other parts of the world, a European Central Bank study showed.
From
Reuters
via
gCaptain
Russia’s Lavrov Tells Cuban Minister the US Should Negotiate and Not do a Naval Blockade
Russian Foreign Minister Sergei Lavrov told his Cuban counterpart Bruno Rodriguez on Wednesday that Moscow was urging the U.S. not to impose a full naval blockade on the communist-run island and was advocating negotiations instead.
From
Austin Schroeder
via
Barchart
Soybeans Extending Gains Early on Wednesday
Soybeans are trading with 3 to 7 cent gains across the front months on Wednesday morning. Futures rounded out the Tuesday session with contracts fractionally to 1 ¼ cents higher. Open interest suggested new buying interest, up 22,504 contracts on Tuesday. The cmdtyView national average Cash Bean price was up...
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From
Austin Schroeder
via
Barchart
Soybeans Collapsing on Thursday
The soybean market is posting midday losses of 17 to 21 cents so far at Thursday’s midday. CmdtyView’s national front month Cash Bean price is down 19 3/4 cents at $9.63. Soymeal futures are $8/ton lower on the day. Soy Oil futures are 87 points in the red on the...
From
Austin Schroeder
via
Barchart
Wheat Leaking Lower on Thursday
Wheat futures are trading with midday losses across the three exchanges on Thursday. The Chicago SRW market is down 6 to 7 cents so far. KC HRW is posting front month losses of 8 to 9 cents at midday. MPLS spring wheat futures are trading with 5 to 6 cent...
From
Reuters
via
gCaptain
Red Sea Roulette: Yemen’s Houthis to Monitor Ceasefire, But Ships Remain at Risk
The leader of Yemen's Iran-aligned Houthis, Abdul Malik al-Houthi, said on Thursday his group will monitor the implementation of a ceasefire deal between Israel and Hamas aimed at ending the 15-month war in Gaza and continue its attacks if it is breached.
From
Don Dawson
via
Barchart
Corn: Could This be the Rally That Continues to the Seasonal Post-Planting Highs?
It looks like the corn market has begun its post-harvest seasonal rally. The recent USDA report and South American weather issues triggered the rally. How is the smart money responding to this rally?
From
Mike Schuler
via
gCaptain
Congressman Van Drew, Trump Team Up to Sink Biden’s Offshore Wind Ambitions
Republican Congressman Jeff Van Drew says he’s been working with President-elect Donald Trump on crafting an executive order aimed at “halt[ing] offshore wind turbine activities” along the East Coast. “These...
From
Mike Schuler
via
gCaptain
Product Tanker Fleet Growth to Hit 16-Year High in 2025, BIMCO Reports
The product tanker sector is bracing for a monumental surge in fleet capacity, with newbuild deliveries projected to reach 12 million deadweight tonnes (DWT) in 2025 – a 256% increase...
From
Bloomberg
via
gCaptain
Cost to Ship Russian ESPO Oil to China Triples After Sanctions
The cost of shipping Russian ESPO crude to China has more than tripled after the US imposed aggressive sanctions on Moscow’s oil industry last week, with rates expected to climb even higher, according to traders.
From
Reuters
via
gCaptain
Tanker Seized by Finland Over Damaged Cables Won’t Face Sanctions-Evasion Probe
HELSINKI, Jan 16 (Reuters) – The Eagle S tanker seized by Finnish authorities on suspicion of ripping up subsea cables will not face a separate criminal investigation into whether its fuel cargo violates sanctions...
From
Mike Schuler
via
gCaptain
Shipping Giants Maersk and Hapag-Lloyd See no Immediate Return to Red Sea
Two of the world's top shipping companies, Maersk and Hapag-Lloyd, said on Thursday they did not see an immediate return to Red Sea after the ceasefire between Hamas and Israel was announced.
From
Malte Humpert
via
gCaptain
Tanker Under US Sanctions Discharges Oil at Chinese Port, LSEG Data Shows
A tanker subject to the new U.S. sanctions is discharging Russian oil at a port operated by Shandong Port Group in east China, shipping data on LSEG Eikon showed on Thursday.
From
Oliver Sloup
via
Barchart
Grain Markets Retreat Overnight
Grain markets failed against technical resistance which has led to some profit taking in the overnight and early morning trade
From
Austin Schroeder
via
Barchart
Wheat Falling Back to Kick Off Thursday Trade
Wheat futures are trading with losses across the three exchanges early on Thursday. The wheat market posted mixed trade on Wednesday. The Chicago SRW market was the strongest, up fractionally in the nearbys. KC HRW saw losses of 2 to 4 cents in the front months at the close. MPLS...