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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
Trump’s Vietnam Deal Shows China Tariffs Won’t Fall Much Further
President Donald Trump’s new trade deal with Vietnam sends a clear signal about where US tariffs on Chinese goods might ultimately land, as talks between Washington and Beijing continue following their recent truce.
From
The Loadstar
via
gCaptain
Asia-Europe Container Rates Overtake Transpacific for First Time in 2025
By Gavin van Marle (The Loadstar) – For the first time since the beginning of this year it is now more expensive to ship a 40ft container from Asia to North...
From
Reuters
via
gCaptain
Chinese Captain in Baltic Sea Cable Damage Case Appears in Hong Kong Court
HONG KONG, July 4 (Reuters) – The captain of a Hong Kong-registered ship alleged to have damaged undersea cables in the Baltic Sea was assigned a lawyer in a Hong Kong court...
From
Malte Humpert
via
gCaptain
Trump Bill Secures $9 Billion for U.S. Arctic Surge, Six New Icebreakers to Counter Russian and Chinese Dominance
President Trump’s vast tax and spending bill has secured funds the U.S. Coast Guard has been searching for since the early 2010s. The “One Big Beautiful Bill Act” appropriates close to $9 billion for the expansion of the Coast Guard’s Arctic icebreaker fleet.
From
Reuters
via
gCaptain
Russian Navy Deputy Commander Lauded by Putin is Killed by Ukraine, Says Moscow
Major General Mikhail Gudkov, deputy head of the Russian Navy who was praised and promoted by President Vladimir Putin, has been killed in action, depriving Moscow of one of its most senior officers, the Russian military said on Thursday.
From
Mike Schuler
via
gCaptain
Asleep at the Helm: Fatigue Blamed in Prawn Boat Sinking
The UK Marine Accident Investigation Branch (MAIB) has published its investigation report into the November 2023 grounding and subsequent total loss of the prawn trawler Sustain (UL 45) at Loch Broom, Scotland....
From
Mike Schuler
via
gCaptain
NTSB Underscores Critical Role of Smoke Detectors After Fishing Vessel Fire and Sinking
The National Transportation Safety Board (NTSB) is highlighting the importance of properly placed smoke and fire detectors following its investigation of a September 2024 fire aboard the fishing vessel Tarka II near...
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Mike Schuler
via
gCaptain
Second Officer Charged in Containership’s Grounding Near Norwegian Home
A Ukrainian Second Officer has been charged with negligent navigation under Norway’s Ship Safety and Security Act after the containership NCL Salten ran aground near Trondheim on Thursday. The officer,...
From
Mike Schuler
via
gCaptain
U.S. Coast Guard Releases Footage of Titan Sub’s Final Moments
The U.S. Coast Guard has released footage documenting the final moments of OceanGate’s Titan submersible, capturing the instant the vessel was lost during its descent to the Titanic wreck site....
From
Bloomberg
via
gCaptain
Poland Says Key Infrastructure at Risk After Baltic Sea Incident
Polish Prime Minister Donald Tusk warned on Thursday that the Baltic Sea is becoming “a new area of confrontation” with Russia, putting the country’s critical infrastructure increasingly at risk.
From
Austin Schroeder
via
Barchart
Soybeans Slipping Back Ahead of Long Weekend
Soybean futures are posting losses of 5 to 9 cents across most contracts on Thursday. The cmdtyView Cash Bean price is down 8 ½ cents to $10.10 3/4. Soymeal futures are $2.90/ton higher on the day, with Soy Oil futures up 36 points. The market will be closed on Monday...
From
Austin Schroeder
via
Barchart
Wheat Market Mixed at Midday
The wheat complex is trading with mixed action, as spring wheat is holding higher. Chicago SRW futures are 3 to 4 cents lower on the day. The Kansas City HRW contracts are 3 to 4 cents in the red at midday. Minneapolis spring wheat futures are up 5 to 7...
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.