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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...
The APS Information Center
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From
Austin Schroeder
via
Barchart
Soybeans Holding Higher at Midday
The soybean market is posting midday gains on Monday, with contracts stready to 3 cents in the green. The cmdtyView Cash Bean price is up 3/4 cents to $10.01. Soymeal futures are down $4.60/ton on the day, with Soy Oil futures back up 35 points. USDA reported a total of...
From
Austin Schroeder
via
Barchart
Corn Posting Monday Gains
Corn futures are trading with gains at Monday’s midday, with front months fractionally high and new crop up 3 to 4 cents. The front month CmdtyView national average Cash Corn price is up 3/4 cents at $4.16 ¼. Weekly Export Inspections data tallied corn shipments at 1.719 MMT (67.68 mbu)...
From
Reuters
via
gCaptain
Norway Launches Floating Offshore Wind Tender
Norway has launched the first part of its long-awaited inaugural floating wind tender, it said on Monday, offering subsidies to the winners despite the challenges faced by the global offshore wind industry.
From
Reuters
via
gCaptain
Shipping Giant CMA CGM Sees Cargo Jump After China Tariff Relief
Shipping giant CMA CGM SA is experiencing a sharp upswing in demand for freight transport out of China in a further signal that trade is rebounding after Beijing reached a temporary truce with the US to lower tariffs.
From
Mike Schuler
via
gCaptain
ZIM Reports Strong Q1 Results Amid Red Sea Crisis, Declares Dividend
Israeli container shipping company ZIM (NYSE: ZIM) reported strong first-quarter results today, with net income more than tripling to $296 million compared to $92 million in the same period last...
From
Mike Schuler
via
gCaptain
First Gulf Coast LNG Bunker Fueling Facility Secures Final Permits for 2027 Start
HOUSTON – The Galveston LNG Bunker Port (GLBP) has cleared its final regulatory hurdles after securing crucial permits from the U.S. Army Corps of Engineers and U.S. Coast Guard, setting...
From
The Loadstar
via
gCaptain
Transpacific Gridlock Looms Tariff Truce Triggers Freight Frenzy
Transpacific shippers keen to take advantage of the 90-day tariff time-out are likely to be faced with tight capacity and soaring freight rates as new volumes collide with delayed cargo.
From
Oliver Sloup
via
Barchart
A Mixed Start to the Week for Grain and Livestock Markets
Grain and livestock markets have been mostly mixed as we start a new week of trade. These are a few of the things on our radar.
From
Austin Schroeder
via
Barchart
Corn Higher on Monday Morning
The corn market is trading with contracts up 2 to 5 cents. Corn futures closed out the Friday session on a weaker note, with contracts down 3 to 5 cents. July slipped back 6 ¼ cents on the week, with December falling in unison and down 6 ½ cents. The...
From
Austin Schroeder
via
Barchart
Soybeans Starting Off Monday with Gains
Soybean futures are trading with 3 to 5 cent gains out of the weekend. The soybean market posted nearby losses of 1 to 2 cents on Friday, with July down 1 ¾ cents on the week. New crop contracts were fractionally higher, with November up a nickel last week. Friday’s...
From
Austin Schroeder
via
Barchart
Wheat Showing Early Monday Gains
Wheat is bouncing back on Monday morning, with contracts up across the three exchanges. The wheat market ended the week with Friday weakness. Chicago SRW futures closed out the day with losses of 7 to 8 cents on Friday, as July managed to gain 3 ¼ cents last week. Kansas...
From
Malte Humpert
via
gCaptain
Finnish Icebreaker Builders Make Push for North American Market With Merger of Two Major Players
Finnish icebreaker builders continue to strengthen their position as the world’s leading firms and their ability to meet the growing demand for icebreaking vessels.