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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
Soybeans Bulls Holding Their Ground at Midday
Soybeans are trying to sneak out some gains at Tuesday’s midday, with contracts 1 to 4 cents higher. The cmdtyView Cash Bean price is up 1 ½ to $10.03 3/4. Soymeal futures are up $2.10/ton so far on the day, with Soy Oil futures back down 16 points at midday....
From
Bloomberg
via
gCaptain
India Launches $10 Billion Tanker Fleet Plan to Boost Energy Security and Shipbuilding
India plans to spend 850 billion rupees ($10 billion) to purchase 112 crude carriers through 2040, people familiar with the matter said, as the world’s third-biggest importer of oil seeks to have its own fleet to secure supplies.
From
Reuters
via
gCaptain
Yemen’s Houthis Announce ‘Maritime Blockade’ on Israel’s Haifa Port
Yemen's Iran-aligned Houthis announced on Monday what they called a "maritime blockade" on Israel's Haifa port in response to Israel's ongoing conflict in Gaza.
From
Reuters
via
gCaptain
EU, Britain Go Ahead With New Russia Sanctions Without Waiting for Trump
The EU and Britain announced new sanctions against Russia on Tuesday without waiting for the United States to join them, a day after President Donald Trump's phone call with Vladimir Putin failed to elicit a promise for a ceasefire in Ukraine.
From
Mike Schuler
via
gCaptain
UK Cracks Down on Russia’s Shadow Fleet with New Sanctions
The UK has unveiled new measures targeting Russia’s shadow fleet operations and oil trade as part of a broader 100-sanction package. The UK’s latest maritime sanctions specifically target 18 additional...
From
Jim Wyckoff
via
Barchart
Market Bottom Alert: Corn Prices Are Rebounding and More Upside Is Likely
More years than not, a weather scare occurs and is bullish for the corn futures market.
From
Malte Humpert
via
gCaptain
EU Targets Nearly 200 ‘Shadow Fleet’ Vessels in Largest-Ever Sanctions Package, U.S. on Sidelines
The European Union has adopted its 17th sanctions package against Russia – its most comprehensive round yet. With today’s addition of 189 shadow fleet vessels the total number of ships sanctioned by the EU now stands at 342; a rapid expansion since the end of 2024 when the list encompassed only 79 vessels.
From
Reuters
via
gCaptain
Russia Releases Oil Tanker from Baltic Sea Detention, Estonian Broadcaster Says
Russia has released a Greek-owned oil tanker which was detained in Russian waters on Sunday after leaving an Estonian port, and the vessel has resumed its journey towards the Dutch port of Rotterdam, Estonian public broadcaster ERR reported on Tuesday.
From
Bloomberg
via
gCaptain
Russia’s Crude Exports Slip While Ships Seek to Avoid Detection
Russia's oil exports are becoming increasingly difficult to track as the tankers moving the barrels disappear from digital tracking systems. Moscow’s exports slipped slightly in the past four weeks, according to monitoring of those flows by Bloomberg.
From
Austin Schroeder
via
Barchart
Soybeans Steady on Tuesday AM Trade
Soybeans are trading with early Tuesday action close to unch, with contracts fractionally mixed. The soybean market saw slight gains on Monday, with contracts steady to 2 cents in the green at the close. Preliminary open interest suggested a rotation of ownership, up 1,332 contracts on Monday. The cmdtyView Cash...
From
Austin Schroeder
via
Barchart
Wheat Rallying on Tuesday Morning, as Wheat Ratings Slip
Wheat futures are starting off the Tuesday session with contracts higher across the three exchanges. The wheat market closed out the Monday session with bulls gaining ground. Chicago SRW futures saw 4 cent gains in the nearbys. Kansas City HRW contracts were 6 to 7 cents in the green. Preliminary...
From
Austin Schroeder
via
Barchart
Corn Gains Continue into Tuesday Morning
The corn market is starting off Tuesday trade with contracts up 4 to 6 cents in the green, Corn futures saw gains on Monday, as bulls were rallying into the close, with post 4 to 7 cent gains. Preliminary open interest was up 6,103 contracts across the board on Monday,...