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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
Oil Rallies as US–Iran Tensions Flare
Oil gained the most since October as traders weighed whether talks between the US and Iran will be enough to avert conflict, following a report that American military intervention could come sooner than expected.
From
Mike Schuler
via
gCaptain
Canadian Shipyard Turns to AI Robotics to Automate One of Shipbuilding’s Toughest Jobs
Seaspan Shipyards has awarded a $1.5 million contract to Alberta-based Confined Space Robotics to develop semiautonomous systems for blast and paint operations, marking a significant push toward automation in one of shipbuilding’s most hazardous and labor-intensive processes.
From
Mike Schuler
via
gCaptain
Phillips 66, Citgo Move Toward Direct Venezuelan Crude Purchases
U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through trading houses and U.S. oil major Chevron CVX.N, according to sources familiar with the efforts.
From
Austin Schroeder
via
Barchart
Wheat Holding Higher on Wednesday’s Midday
The wheat complex is in bounce back mode on Wednesday. Chicago SRW futures are trading 5 to 7 ½ cents higher on Wednesday. KC HRW futures are posting 7 to 8 cent midday gains. MPLS spring wheat is showing 2 to 3 cent gains at midday. The annual Ag Outlook...
From
Austin Schroeder
via
Barchart
Soybeans Drifting Lower at Midday
Soybeans are falling back from early Wednesday gains, as contracts are down 3 to 4 so far. The cmdtyView national average Cash Bean price is down 4 cents at $10.64 1/2. Soymeal futures are down $2 to 3.10 in the front months, with Soy Oil futures 114 points higher. Strength...
From
Austin Schroeder
via
Barchart
Corn Holding Steady at Midday
Corn futures are steady to fractionally higher so far on Wednesday. The CmdtyView national average Cash Corn price is steady at $3.93. USDA's armchair estimate for the US corn balance sheet will be released at Thursday’s Ag Outlook Forum. Ahead of the release, a Bloomberg survey of analysts is calling...
From
Mike Schuler
via
gCaptain
Sallaum Lines Expands LNG-Fueled Fleet with Two 7,500-CEU Car Carriers
Sallaum Lines has taken delivery of two new LNG dual-fuel Pure Car and Truck Carriers, marking a significant expansion of the company’s Ocean Class fleet as it advances its environmental...
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From
Austin Schroeder
via
Barchart
Wheat Closes Mixed on Wednesday
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 spring wheat futures were steady to 2 cents lower at the Wednesday close....
From
Reuters
via
gCaptain
Tariff Jitters Drive U.S. Import Rush from China
U.S. imports from China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump's plan to impose new tariffs that could revive a trade war between the world's economic superpowers.
From
Mike Schuler
via
gCaptain
Trump’s DOT Nominee Duffy Pledges Support for Jones Act
Former Congressman Sean Duffy, President-elect Donald Trump‘s nominee for U.S. Secretary of Transportation, expressed unequivocal support for the Jones Act and made significant commitments on transportation infrastructure during his Senate...
From
Chris Swift
via
Barchart
Shootin' the Bull about Tiger Traps and Punji Sticks
A tiger trap is where a deep hole is dug and covered with weak branches and leaves to cover the trap. Then a food item is dangled over it. Cattlemen and futures traders have built this trap.
From
Mike Schuler
via
gCaptain
NOAA Withdraws Critical Right Whale Protection Rule Changes
NOAA Fisheries has withdrawn its proposed vessel speed rule update aimed at protecting the critically endangered North Atlantic right whales from deadly vessel strikes. The proposed regulation, initially published in...
From
Austin Schroeder
via
Barchart
Wheat Showing Mixed Trade at Wednesday’s Midday
The wheat market is trading mixed so far on Wednesday. Chicago SRW futures are up 1 to 2 cents thus far on the session. KC HRW posting 1 to 2 cent losses at midday. MPLS spring wheat futures are steady to 2 cents higher at so far on the session....
From
Austin Schroeder
via
Barchart
Soybeans Mixed on Wednesday, as NOPA Reports Record Crush
Soybeans are posting higher midday trade in the nearbys, with new crop November down 3 ½ cents. CmdtyView’s national front month Cash Bean price is up 2 cents at $9.90. Soymeal futures are $3.50/ton lower on the day. Soy Oil futures are 10 points higher so far on the session....
From
Austin Schroeder
via
Barchart
Corn Holding onto Gains at Midday
The corn market is trading with Wednesday fractional midday gains in the new crop to 4 cents higher in the nearbys. The national average Cash Corn price from cmdtyView was down 2 ¼ cents at $4.40. Weekly EIA data showed ethanol production at a total of 1.095 million barrel per...
From
Mike Schuler
via
gCaptain
US Sanctions and Arctic Blast Drive Oil Prices Higher as Tanker Markets Face New Pressure
Global oil markets are facing significant pressure as U.S. sanctions on Russia and Iran intensify, while extreme weather conditions across the Northern Hemisphere have pushed Brent crude futures to a...
From
Reuters
via
gCaptain
Fuel Sales at Singapore Bunker Hub Hit Record Highs in 2024
Marine fuel sales reached fresh highs at the world's largest bunker hub of Singapore in 2024, official data showed on Wednesday, driven by record container throughput and higher deliveries of alternative marine fuels.
From
Mike Schuler
via
gCaptain
NATO Launches Baltic Sentry to Protect Undersea Infrastructure in Baltic Sea
NATO has launched a major maritime security operation called “Baltic Sentry” in response to a series of suspicious incidents targeting critical undersea infrastructure in the Baltic Sea. The operation was...