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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
Oliver Sloup
via
Barchart
Grain Markets are on the Chopping Block
Grain markets chop around as traders digest news and position ahead of the quarterly report next week.
From
Bloomberg
via
gCaptain
Key Russian Oil Port Resumes Loading Amid Attempt to Divert Flow
Russia’s top oil port in the Baltic Sea resumed loading days after it came under attack from Ukrainian drones, although the company that pipes crude there said it is trying to divert barrels elsewhere because of the incidents.
From
Reuters
via
gCaptain
Hapag-Lloyd Faces $40 Million to $50 Million Weekly Costs Due to Middle East Conflict
German shipping company Hapag-Lloyd HLAG.DE is incurring additional costs of $40 million to $50 million per week due to the ongoing conflict in the Middle East, a burden described as "not sustainable for a long time" by Chief Executive Rolf Habben Jansen on Thursday. Speaking at an online press conference, Habben Jansen said the company was grappling with "a big challenge" as six of its vessels, with 150 crew members, remain stranded in the Persian Gulf.
From
Austin Schroeder
via
Barchart
Wheat Starting Thursday with Slight Losses
Wheat is facing 1 to 5 cent losses in the front months early on Thursday. The wheat complex is showing strength on Wednesday. Chicago SRW futures were 6 ¼ to 7 ¾ cents higher at the close. Open interest showed some new buying, up 6,588 contracts on Wednesday. KC HRW...
From
Austin Schroeder
via
Barchart
Soybeans Holding Steady on Thursday Morning
Soybeans are near unchanged on Thursday AM trade, with fractional losses. Futures rallied late on Wednesday, with contracts up 6 ¼ to 16 ¾ cents at the close. Open interest was down 701 contracts on Wednesday. The cmdtyView national average Cash Bean price was up 17 cents at $10.98. Soymeal...
From
Austin Schroeder
via
Barchart
Corn Slipping Back Early on Thursday Morning
Corn price action is down 1 to 2 cents so far on Thursday AM trade. Futures posted 3 to 5 ¼ cent gains across the board on Wednesday despite early session weakness. Open interest suggested a rotation of ownership, down just 116 contracts. The CmdtyView national average Cash Corn price...
From
Malte Humpert
via
gCaptain
U.S. Coast Guard Announces Plans to Acquire Up to Seven New Light Icebreakers
The U.S. Coast Guard has issued a request for information (RFI) as it moves forward with plans to acquire up to seven new light icebreakers to replace an aging fleet and ensure year-round navigation in ice-prone waterways across the Northeast and Great Lakes.
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Bloomberg
via
gCaptain
Strait of Hormuz Remains Shut to Almost All Non-Iran-Linked Ships
The Strait of Hormuz remains effectively closed to almost all but Iran-linked traffic with the conflict in the Middle East now in its second week.
From
Mike Schuler
via
gCaptain
Container Shipping Diversions Surge 360% Amid Hormuz Closure
The effective closure of the Strait of Hormuz is now rippling through global container supply chains, with new data showing a dramatic surge in cargo diversions as carriers scramble to...
From
Mike Schuler
via
gCaptain
ONE Moves Closer to Controlling Stake in World’s Largest Ship Lessor Seaspan
Ocean Network Express (ONE) is deepening its relationship with the world’s largest containership leasing platform, announcing plans to increase its ownership stake in Poseidon Corp., the parent company of Seaspan Corporation,...
From
Jim Wyckoff
via
Barchart
Market Top Alert: Did Soybean Oil Prices Just Hit Their Peak?
May soybean oil futures present a selling opportunity on more price weakness.
From
Lori Ann LaRocco
via
gCaptain
Jet Fuel Shock Looms on U.S. West Coast as Asian Exports Dry Up
Energy export data shows South Korean jet fuel exports to the United States West Coast is dropping as countries around the world are holding onto the energy for its own self-preservation.
From
Reuters
via
gCaptain
Qatar Wants to Bolster Security Partnership with US After Iran’s Strikes
Qatar wants to strengthen its defense partnership with the United States in the wake of Iranian air strikes on Qatari territory, the foreign ministry spokesperson said on Tuesday, even as it sees the existing deal as an important deterrent.
From
Bloomberg
via
gCaptain
Gulf Oil Giants Deepen Cuts as Hormuz Halt Chokes Exports
Oil supply cuts in the Middle East are deepening, shaving about 6% off global output, as the effective closure of the Strait of Hormuz piles more pressure on producers with every day the Iran war goes on.
From
Austin Schroeder
via
Barchart
Wheat Showing Slight Losses Early on Tuesday
Wheat is showing slight losses across most winter wheat contracts to start Tuesday trade, with spring wheat facing steeper losses. The wheat complex posted Monday losses, with exception to the spring wheat contracts. Chicago SRW futures fell 13 to 14 cents in the nearbys. Open interest showed longs exiting, down...
From
Austin Schroeder
via
Barchart
Soybeans On the Higher Side to Kick Off Tuesday Trade
Soybeans are showing fractional to 2 cent gains early on Tuesday. Futures posted losses of 4 to 5 cents in the front months on Monday, retreating from overnight highs on losses in crude oil. Preliminary open interest was down 4,779 contracts on Monday, mainly in the old crop contracts. There...
From
Austin Schroeder
via
Barchart
Corn Facing Tuesday AM Weakness, But Well Off Overnihgt Lows
Corn price action is down 1 to 3 cents so far on Tuesday morning, though more than a nickel off the overnight lows. Futures were down 5 to 9 ½ cents in the front months on Monday, well off the overnight highs. Preliminary open interest was up 38,787 contracts on...
From
Reuters
via
gCaptain
Trump Weighs Russian Oil Sanctions Relief as Hormuz Disruption Sends Prices Soaring
U.S. President Donald Trump is considering easing oil sanctions on Russia and releasing emergency crude stockpiles as part of a package of options aimed at curbing spiking global oil prices amid the Iran conflict, according to multiple sources.