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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
Malte Humpert
via
gCaptain
China’s NewNew Shipping Line Pushes Deeper Into Arctic With First Murmansk Container Run
Chinese container carrier NewNew Shipping Line has expanded its footprint in Russia’s Arctic with the first delivery of containerized cargo to Murmansk via the Northern Sea Route, as the company moves toward a larger role in a shipping corridor attracting growing interest from China, South Korea and India.
From
The Loadstar
via
gCaptain
Panama Canal Draught Restrictions Set to Add to Congestion Chaos
Waterways the world over are contending with all manner of chaos, especially the Panama Canal where congestion is worsening as a consequence of the war in the Middle East and low-water restrictions loom.
From
Bloomberg
via
gCaptain
US Sanctions Fishing Fleet Accused of Shipping Cocaine to Mexico
The US Treasury sanctioned a fleet of fishing vessels suspected of smuggling tons of cocaine to Mexico each month, ultimately bound for the US.
From
Reuters
via
gCaptain
Iran Vows ‘Devastating’ Response to US Threat to Cut Off Its Economic Lifelines
Iran said on Friday that its response to any new U.S. threats would be "devastating" after Washington pledged to impose the toughest financial penalties in history with the aim of toppling the Iranian leadership.
From
Bloomberg
via
gCaptain
Piracy Observer Says Somali Incidents Rising as Navies Stretched
The world’s top maritime piracy observer said incidents off the coast of Somalia are on the rise again after a pair of fresh attacks this week — as two major regional conflicts stretch naval forces in the area thin.
From
Mike Schuler
via
gCaptain
Ukraine Says Russia Hit 52 Civilian Ships in Six Weeks as Black Sea Attacks Escalate
Russia attacked 52 civilian vessels in the Black Sea during July and the first half of August, according to Ukraine’s infrastructure ministry, highlighting a sharp escalation in attacks on commercial...
From
Mike Schuler
via
gCaptain
Panama Canal to Cut Daily Transits as Optimistic Water Outlook Fades
The Panama Canal is cutting daily transit capacity and overhauling its auction system as below-expected rainfall puts renewed pressure on the waterway’s freshwater supplies, just months after officials said they...
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From
Austin Schroeder
via
Barchart
Corn Bulls Backing Off Ahead of the Weekend
Corn futures are backing off on Friday, with contracts down 2 to 4 cents. The front month CmdtyView national average Cash Corn price is down 3 1/2 cents at $4.33 3/4. The market will be closed on Monday for Memorial Day, as well as the government reports delayed, with a...
From
Reuters
via
gCaptain
Markets Rattle as Trump Escalates Trade Threats Against EU, Apple
U.S. President Donald Trump threatened on Friday to ratchet up his trade war once again, pushing for a 50% tariff on European Union goods starting June 1 and warning Apple he may slap a 25% levy on all iPhones bought by U.S. consumers.
From
Reuters
via
gCaptain
North Korea Launches Probe into Warship Launch Fail
North Korea has begun a full-scale investigation into the accident that occurred during the launch of a warship this week, state media KCNA reported on Friday.
From
Mike Schuler
via
gCaptain
Frontline Posts $33M Profit as Tanker Market Weathers Geopolitical Storms
Frontline plc reported a profit of $33.3 million for the first quarter of 2025, with revenues reaching $427.9 million. The tanker company continues to demonstrate resilience in a market characterized...
From
Mike Schuler
via
gCaptain
ABS Grants Approval for First U.S. Liquefied CO2 Barge Design
Classification society ABS has awarded approval in principle (AIP) to Overseas Shipholding Group, Inc. (OSG) for its groundbreaking liquefied carbon dioxide (LCO2) barge design. The vessel, designed as an articulated...
From
Mike Schuler
via
gCaptain
Equinor and Polenergia Secure €7.2 Billion Financing for Major Polish Offshore Wind Projects
Equinor and Polenergia have reached financial close on their Ba?tyk 2 and Ba?tyk 3 offshore wind projects, securing over €6 billion in project financing. The joint venture partners, with equal...
From
The Loadstar
via
gCaptain
Tariff Truce Spurs a Slow-Burn Surge in Transpacific Freight Rates
Container spot freight rates on the transpacific continued to trend upwards this week, albeit at a far gentler pace than last week’s GRI-induced double-digit growth, as carriers rushed to return capacity in anticipation of at least a short-term demand bounce.
From
Oliver Sloup
via
Barchart
Grains Slide Lower on Tariff Talk Ahead of the Long Weekend
Grain markets stalled against resistance in yesterday’s trade and are retreating this morning following trade headlines ahead of the long weekend
From
Reuters
via
gCaptain
Russia and Bahrain in Advanced Talks Over LNG Supply Deal, Sources Say
Russia is in advanced talks with Bahrain over a three-year liquefied natural gas (LNG) agreement under which Moscow would supply the Gulf kingdom with 1.5 million metric tons of the fuel, according to three sources close to the matter.
From
Bloomberg
via
gCaptain
Japanese Gas Tanker Giant MOL Sees Difficulty Buying Chinese Vessels
Mitsui O.S.K. Lines, owner of the world’s largest fleet of liquefied natural gas carriers, said it is hard to buy Chinese vessels for the time being as the US ramps up scrutiny of the Asian country’s shipbuilding industry.
From
Austin Schroeder
via
Barchart
Soybeans Pulling Back Early on Friday Morning
The soybean market is trading with losses of 5 to 7 cents across the nearbys. Soybean futures saw stronger action into the Thursday close despite a weaker start overnight. Contracts closed with 3 to 5 cent gains as meal gains were supportive. Preliminary open interest rose 12,154 contracts on Thursday....
From
Austin Schroeder
via
Barchart
Wheat Trading Mixed on Friday Morning
Wheat is showing mixed action across the three markets early on Friday, with contracts sticking close to unch. The wheat complex trading posted losses across most contracts on Thursday, with some in the KC market holding higher. Chicago SRW futures were 3 to 5 cents lower on the day. Thursday’s...