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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
For detailed updates and additional resources, explore our resources section.
From
Jim Wyckoff
via
Barchart
Market Top Warning: Get Ready to Sell Soybean Oil Futures
Traders will likely unwind long soybean oil, short soybean meal spreads in the near term.
From
Bloomberg
via
gCaptain
US-China Trade Clash Risks Making Europe Dumping Ground for Cheap Goods
China’s widening trade surplus with the European Union is fueling fresh concerns that the 27-nation bloc risks becoming a dumping ground for cheap goods in the volatile tariff confrontation between Washington and Beijing.
From
Reuters
via
gCaptain
Trump: India Has Offered US a Trade Deal With No Tariffs
U.S. President Donald Trump said on Thursday that India had offered a trade deal that proposed "no tariffs" for American goods, while expressing his dissatisfaction with Apple's (AAPL.O) plans to invest in India.
From
Austin Schroeder
via
Barchart
Corn Trading Mixed Early on Thursday
The corn market is starting off Thursday mixed, with contracts down factionally to up 2 cents to start the day. Corn futures closed out the Wednesday session with contracts 2 to 3 cents higher in the nearbys, as new crop December was down just ½ cent. Preliminary open interest was...
From
Austin Schroeder
via
Barchart
Wheat Posting Gains on Thursday AM Trade
Wheat is extending the recent bounce early on Thursday morning. The wheat market saw some strength on Wednesday, with the winter wheat exchanges posting gains. Chicago SRW futures were up 7 to 8 cents at the close. There were another 28 deliveries for May CBT wheat on Wednesday as the...
From
Austin Schroeder
via
Barchart
Soybeans Pulled Lower by Bean Oil Limit Losses
Soybeans are trading with 12 to 14 cent losses early on Thursday, with coming from 3 cent limit losses for bean oil. The soybean market again held onto some gains heading into the Wednesday close, as contracts were up 1 to 5 ¼ cents in most contracts. Preliminary open interest...
From
Mike Schuler
via
gCaptain
UK Investigators Uncover Stability Issues Behind Tech Tycoon’s Superyacht Sinking
The UK Marine Accident Investigation Branch (MAIB) has released an interim report detailing the tragic sinking of the superyacht Bayesian off Sicily’s northern coast that left seven dead. According to...
From
Mike Schuler
via
gCaptain
Russian Jet Buzzes Estonian Forces in Gulf of Finland Shadow Tanker Showdown
A tense maritime incident unfolded today in the off the Estonian coast when Estonian naval forces attempted to detain the M/T JAGUAR, a crude oil tanker allegedly part of Russia’s...
From
Austin Schroeder
via
Barchart
Wheat Pulls Out Gains on Wednesday
The wheat market saw some strength on Wednesday, with the winter wheat exchanges posting gains. Chicago SRW futures were up 7 to 8 cents at the close. Kansas City HRW futures saw contracts 10 to 12 cents higher on Wednesday. Minneapolis spring wheat futures fell to weakness, with contracts down...
From
Austin Schroeder
via
Barchart
Corn Closes Mixed as Nearbys Turn Higher
Corn futures closed out the Wednesday session with contracts 2 to 3 cents higher in the nearbys, as new crop December was down just ½ cent. May rolled off the board at the close. The nearby CmdtyView national average Cash Corn price was up 3 cents at $4.17 3/4. Rains...
From
Austin Schroeder
via
Barchart
Soybeans Posts Green Trade on Wednesday
The soybean market again held onto some gains heading into the Wednesday close, as contracts were up 1 to 5 ¼ cents in most contracts as May expired. The cmdtyView Cash Bean price was up 5 cents to $10.27 3/4. Soymeal futures were down $1.30/ton on the day, with Soy...
From
Mike Schuler
via
gCaptain
Fednav CEO Paul Pathy Elected President of World’s Largest Shipping Association
Paul Pathy, President & CEO of Canada’s leading dry bulk shipping company Fednav, has made history by becoming BIMCO’s first President from the Americas. His election took place at BIMCO’s...