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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
Malte Humpert
via
gCaptain
South Korean Shipbuilders HD Hyundai and Hanwha Pitch Port Cranes to Help Rebuild U.S. Maritime Sector
HD Hyundai and Hanwha Ocean Co., South Korea’s two largest shipbuilders, offered their expertise to help boost the U.S. shipbuilding industry and port infrastructure.
From
Bloomberg
via
gCaptain
Egypt in Talks to Buy LNG Through 2030 to Offset Weak Production
Egypt is looking to buy liquefied natural gas through the end of the decade, a move to meet surging summer power demand and supplant flagging domestic production.
From
Austin Schroeder
via
Barchart
Soybeans Slipping Early on Friday, as Oil Losses Continue
The soybean market is trading with weakness so far on Friday morning as bean oil pressure continues. Futures are down 1 to 3 cents. Soybeans were under pressure for much of the Thursday session with contracts down 25 to 28 cents at the close, pressured by losses in bean oil....
From
Austin Schroeder
via
Barchart
Wheat Steady to Start Friday
Wheat is holding close to unchanged on Friday morning. The wheat market posted higher trade on Thursday, with all three exchanges gaining steam. Chicago SRW futures were up 7 to 8 cents across most contracts at the close. Thursday’s Preliminary open interest was down 2,292 contracts. Kansas City HRW futures...
From
Austin Schroeder
via
Barchart
Corn Steady Early on Friday
Corn futures are trading with contracts mixed but sticking close to unchanged. The corn market closed the Thursday session with July up 3 cents, as Export Sales data was supportive. New crop contracts were down 1 to 3 cents. Preliminary open interest was up 6,431 contracts on Thursday, mostly in...
From
Malte Humpert
via
gCaptain
Salvage Tug Reaches ‘Maersk Sana’ After More Than Two Weeks Adrift in Atlantic
Importers rushing to ship Chinese goods to the US using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters.
From
Bloomberg
via
gCaptain
Tariff Truce Spurs Pacific Trade Rush, Boosting Global Shippers
Importers rushing to ship Chinese goods to the US using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters.
From
Reuters
via
gCaptain
With US Trade War, China Now Top Buyer for Canadian Crude on Trans Mountain Pipeline Shipping Data Show
China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating.
From
Nick Ehrenberg
via
Barchart
Soybeans & Fibonacci
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
From
Reuters
via
gCaptain
Proposal to Base U.S. Ship Registry in Virgin Islands Gets Governor Support
A proposal to create a new international U.S. ship registry domiciled in the U.S. Virgin Islands aligns with President Donald Trump's efforts to strengthen the country's maritime industry and has support from the territory, its governor said.
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Cattle Markets and Soybean Oil Take Big Hits - One is a Buying Opportunity
From
Austin Schroeder
via
Barchart
Soybeans Collapse on Thursday with RVO Rumors and Bean Oil Limit Losses
Soybeans were under pressure for much of the Thursday session with contracts down 25 to 28 cents at the close, pressured by losses in bean oil. The cmdtyView Cash Bean price was down 25 cents to $10.02. Soymeal futures were up $4.40/ton on the day, with Soy Oil futures down...