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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
Wheat Posting Gains on Wednesday
The wheat market is trading with another round of strength at Wednesday’s midday. Chicago SRW futures are 8 to 9 cents in the green. Kansas City HRW contracts a trading with contracts 7 to 8 cents higher so far on Wednesday. Minneapolis spring wheat futures are up 10 to 11...
From
Austin Schroeder
via
Barchart
Soybeans Pushing Higher at Midday
The bean market is trading with contracts 10 to 14 cents higher so far on Wednesday. The cmdtyView Cash Bean price is up 11 3/4 cents to $10.15 1/4. Soymeal futures are $1.40/ton on the day, with Soy Oil futures up 63 points. USDA will release their weekly Export Sales...
From
Austin Schroeder
via
Barchart
Corn Rallying into Wednesday
The corn market is posting fresh intraday highs at midday, with contracts 6 to 8 cents in the green. The front month CmdtyView national average Cash Corn price is up 7 cents at $4.34 3/4. EIA’s weekly update showed a rebound in ethanol production of 43,000 barrels per day to...
From
Mike Schuler
via
gCaptain
U.S. Launches First Deep-Sea Mineral Lease Evaluation in 30 Years Near American Samoa
The Department of Interior has initiated its first mineral lease sale evaluation in over 30 years, targeting deep-sea critical minerals in waters offshore American Samoa. This groundbreaking move comes as...
From
Mike Schuler
via
gCaptain
U.S. FMC Launches Investigation into Flags of Convenience Amid Growing Safety Concerns
The U.S. Federal Maritime Commission (FMC) has initiated a nonadjudicatory investigation into vessel flagging practices that may create unfavorable conditions for U.S. shipping trade. The investigation comes amid mounting concerns...
From
Oliver Sloup
via
Barchart
Wheat futures were the leader in Tuesday's trade. Can the rally continue?
A shift in fundamentals and technicals have helped propel wheat futures higher over the last week. Is there more upside left or will this be another short lived relief rally?
From
Austin Schroeder
via
Barchart
Wheat Gains Pushing to Wednesday
Wheat is trading with higher on Wednesday to push the rally a little further. The wheat complex posted a fresh round of buying on Tuesday, with double digit gains across all three exchanges. Chicago SRW futures were up 16 to 17 cents on the session. Tuesday’s Preliminary open interest was...
From
Austin Schroeder
via
Barchart
Corn Gains Extending to Wednesday Morning
The corn market is trading with contracts 2 to 4 cents higher early on Wednesday. Futures were helped by a stronger wheat complex on Tuesday, as contracts closed with 6 to 7 cent nearby gains. Tuesday’s preliminary open interest was up 5,703 contracts. The front month CmdtyView national average Cash...
From
Austin Schroeder
via
Barchart
Soybeans Pushing Higher on Wednesday AM Trade
The bean market is trading with contracts 8 to 9 cents in the green. Soybeans saw higher trade at Tuesday’s close, with contracts up 2 to 4 cents across most front months. The cmdtyView Cash Bean price was up 2 ¼ cents to $10.03 1/2. Soymeal futures were up 70...
From
Malte Humpert
via
gCaptain
EU Sanctions Three MOL Gas Carriers Associated With Russia’s Yamal LNG
In a surprise move the EU significantly tightened its sanctions against Russia’s liquefied natural gas sector. Brussels’ 17th sanctions package announced yesterday includes three newbuild LNG carriers managed by Japanese Mitsui OSK Lines Ltd. (MOL) under charter with Russian energy projects.
From
Bloomberg
via
gCaptain
China-US Trade Soars as Exporters Race to Hit Trade Truce Window
A temporary trade truce between the world’s two largest economies has sparked a knee-jerk bounce across China’s ports and factory floors. In the week beginning May 12, when the US and China agreed to sharply reduce tariffs for 90 days, bookings on freighters headed from China to US shores more than doubled from the prior week to about 228,000 TEUs, or twenty-foot equivalent units, data from container-tracking platform Vizion and data provider Dun & Bradstreet shows.
From
Reuters
via
gCaptain
Poland Says Russian Ship Performed ‘Suspicious Maneuvers’ Near Cable to Sweden
A Russian ship from the "shadow fleet" covered by sanctions performed suspicious maneuvers near a power cable connecting Poland with Sweden, Polish Prime Minister Donald Tusk said in a post on X on Wednesday.