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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
Mike Schuler
via
gCaptain
New Zealand Slaps Sanctions on 100 Russian ‘Shadow Fleet’ Vessels
New Zealand has imposed its largest-ever maritime sanctions package against Russia, designating 100 vessels linked to the country’s “shadow fleet” and lowering the price cap on Russian crude to $44.10 per barrel. The sweeping move significantly expands Wellington’s enforcement reach and aligns with broader international efforts to curb Moscow’s oil revenues.
From
Austin Schroeder
via
Barchart
Corn Close Mixed on Thursday
Corn futures saw fractional to 1 ¼ cent losses on Thursday, with deferreds slightly higher. The CmdtyView national average Cash Corn price is up ½ cent to $3.94 1/2. EIA data from this morning showed ethanol production in the week ending on 2/13 at 1.118 million barrels per day, up...
From
Austin Schroeder
via
Barchart
Wheat Rallies on Thursday
The wheat complex was in rally mode across all three markets on Thursday. Chicago SRW futures closed 12 to 15 cents higher on the day to lead the bull’s charge. KC HRW futures were up 14 to 15 cents at the close. MPLS spring wheat was 8 to 10 cents...
From
Austin Schroeder
via
Barchart
Soybean Bulls Push Higher into Thursday’s Close
Soybeans saw 6 to 8 cent gains across most contracts at Thursday’s close. Some new crop contracts were up 2 to 3 cents. The cmdtyView national average Cash Bean price was up 7 1/2 cents at $10.76 1/2. Soymeal futures were up 30 to 80 cents in the front months,...
From
Malte Humpert
via
gCaptain
Russia Executes First-Ever Triple Arctic LNG Ship-to-Ship Transfer Amid Sanctions
Russia has for the first time conducted three simultaneous LNG ship-to-ship (STS) transfers in Arctic waters, a move highlighting Moscow’s increasingly sophisticated logistics network for exporting gas despite Western sanctions.
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
WOW, Soybean Oil Through the Roof! Fats and Feeders to Close Higher Tomorrow?
From
Walsh Trading
via
Barchart
Chart of the Day - May Wheat
Has Wheat made a long-term bullish turn, or will this turn out to be a selling opportunity for farmers?
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From
Austin Schroeder
via
Barchart
Soybeans Rallying to Start the New Year
The soybean market is kicking off 2025 with contracts extending strength, as futures are up 3 to 4 cents so far. There were 380 deliveries issued against January soybean futures on New Years Eve. CmdtyView’s national front month Cash Bean price is up 2 1/4 cents at $9.57. Soymeal futures...
From
Austin Schroeder
via
Barchart
Corn Extending Highs into 2025
Corn futures are trading with fractional to as much as 3 cent gains on Thursday as the market kicks off trade in 2025. The national average Cash Corn price from cmdtyView is up 1 1/2 cents at $4.31. The delayed weekly EIA report showed a total of 1.111 million barrels...
From
Malte Humpert
via
gCaptain
Russia Sets New Arctic Shipping Record, Transports 38Mt in 2024 via Northern Sea Route
Cargo volume on Russia’s main Arctic shipping lane continues to climb, although figures remain below the targets originally defined by President Putin earlier in the decade. Western sanctions have delayed or put on hold a number of oil and gas projects negatively impacting overall cargo volume.
From
Reuters
via
gCaptain
Finland Power Grid Operator Asks Court to Seize Tanker Over Cable Damage
Finland's power grid operator Fingrid said on Thursday it had asked a Helsinki court to seize the Eagle S oil tankerin a bid to secure the company's claim for damages related to the breakdown of the Estlink 2 electricity cable.
From
Mike Schuler
via
gCaptain
Red Sea Diversions Helped Container Shipping Dodge Overcapacity Crisis
The container shipping industry dodged a potential overcapacity crisis in 2024, thanks to an unexpected savior: the Red Sea crisis that forced vessels to take longer routes around Africa’s Cape...
From
Mike Schuler
via
gCaptain
FuelEU Maritime Takes Effect: Shipping Industry Faces Historic Emissions Challenge as 2025 Begins
The European Union’s landmark FuelEU Maritime regulation came into force on January 1, 2025, marking a watershed moment for the shipping industry’s decarbonization efforts. The regulation targets vessels over 5,000...
From
Mike Schuler
via
gCaptain
USCGC Polar Star Departs Sydney on Antarctic Resupply Mission
The U.S. Coast Guard’s only heavy icebreaker, USCGC Polar Star (WAGB 10), has departed Sydney to begin its Antarctic mission supporting Operation Deep Freeze 2025. The departure marks the vessel’s...
From
Mike Schuler
via
gCaptain
Costly ‘Spirit of Boston’ Fire Caused by Improperly Extinguished Chafing Fuel, NTSB Finds
An improperly extinguished chafing fuel canister sparked a costly fire aboard the passenger vessel Spirit of Boston while it was moored at Commonwealth Pier in Boston Harbor, according to findings...
From
Austin Schroeder
via
Barchart
Wheat Traders Look to 2025
The wheat market with open at 8:30 CST this morning. They closed Tuesday with gains across the three markets. Chicago SRW futures were up 2 ½ to 3 ½ cents across the board on Tuesday. KC HRW contracts also posted gains of 2 ½ to 3 ½ cents at the...
From
Austin Schroeder
via
Barchart
Corn Looks to Kick off 2025 Trade
The corn market will open at 8:30 am CST this morning. Corn futures rallied to close out 2024, as March neared the June high on the spot price. Contracts were up 3 ¾ to 6 ¼ cents on Tuesday. Preliminary open interest showed net new buying, up 13,688 contracts. The...
From
Austin Schroeder
via
Barchart
Soybeans Rally to Close 2024, Traders Look to Start New Year
The soybean market will have a hard open at 9:30 am CST this morning. Soybeans were in rally mode to close out 2024, as contracts were up 14 1/2 to 19 1/4 cents on New Years Eve. There were 380 deliveries issued against January soybean futures on New Years Eve....