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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 Administration Advances Third ‘Big Beautiful’ Gulf Lease Sale as Offshore Program Gains Momentum
The Bureau of Ocean Energy Management announced Wednesday it will auction approximately 80.4 million acres of federal waters in the Gulf of America in August, marking the third offshore oil and gas lease sale under the Trump administration's accelerated energy development program.
From
Bloomberg
via
gCaptain
Surging Oil Tanker Rates Tipped to Go Even Higher on Iran Risk
The cost to hire oil supertankers could be headed for the highest levels this decade on the growing risk of a major US attack on Iran, and as ownership of the vessels becomes more concentrated.
From
Bloomberg
via
gCaptain
China Snaps Up Distressed Russian Oil Cargoes Shunned by India
Chinese refiners are snapping up Russian oil that India is shunning, helping Moscow to overcome a dip in purchases by the country that’s normally its biggest buyer of seaborne barrels.
From
Reuters
via
gCaptain
Supreme Court Strikes Down Trump’s Global Tariffs in 6–3 Ruling
The U.S. Supreme Court struck down on Friday President Donald Trump's sweeping tariffs that he pursued under a law meant for use in national emergencies, rejecting one of his most contentious assertions of his authority in a ruling with major implications for the global economy.
From
Mike Schuler
via
gCaptain
Canada, South Korea Partner to Rebuild Great Lakes Shipbuilding and Train Submarine Workforce
A major new partnership between South Korea’s Hanwha Ocean and Ontario Shipyards aims to bring large-scale shipbuilding back to Canada’s Great Lakes — while building the skilled workforce needed to support future submarine construction....
From
Andrew Hecht
via
Barchart
Can Soybeans Continue to Rally?
Soybean futures have taken off on the upside, with the price of beans for March delivery rising above $11 per bushel. As the 2026 crop year in the Northern Hemisphere approaches, soybeans are in a bullish trend.
From
Bloomberg
via
gCaptain
India Grants One-Month Extension to Russian Marine Insurers
India temporarily extended permission for four Russian insurers to cover tankers calling at its ports, as the government seeks to sustain crude imports while also managing US pressure to end shipments from Moscow.
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From
Austin Schroeder
via
Barchart
Wheat Pushing Higher at Midday
The wheat market is showing midday gains across the three markets on Friday. Chicago SRW futures are up 4 to 5 1/2 cents so far on the session. KC HRW contracts closed are showing 3 to 4 cent gains across nearbys. MPLS spring wheat futures are 1 to 3 cents...
From
Austin Schroeder
via
Barchart
Corn Bulls Pushing Higher on Friday
Corn futures are trying to extend their 6-month highs at Friday’s midday, with contracts up fractionally to 1 ½ cents across the front months. The national average Cash Corn price from cmdtyView is up a penny at $4.25 1/4. Export Sales data showed a total of 1.711 MMT of 2024/25...
From
Austin Schroeder
via
Barchart
Soybean Pop Put on Pause on Friday
Soybeans are trading with 4 to 6 cent losses as futures trade through midday. CmdtyView’s national front month Cash Bean price is down 5 1/4 cents at $9.32 3/4. Soymeal futures are putting the short covering on pause for Friday, with contracts back down $2.70/ton. Soy Oil futures are trading...
From
Mike Schuler
via
gCaptain
China Delivers Arctic-Capable Research Vessel, Expanding Polar Presence
China has delivered its first scientific research vessel designed for global deep-sea exploration, marking a significant advancement in the nation’s polar and deep-sea capabilities. The Tan Suo San Hao (Exploration...
From
Reuters
via
gCaptain
Norwegian Shipping Company Denies Russia’s Claim it Refused to Help Sinking Ship
A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.
From
Bloomberg
via
gCaptain
Israel Hits the Houthis in Yemen After Their Slow Escalation
Israel struck multiple targets in Yemen it said were controlled by Houthis, the last of the Iran-backed groups still fully engaged in the regional war that began 14 months ago.
From
Mike Schuler
via
gCaptain
EUKOR Car Carriers Secures ‘Historic’ $4.2 Billion Contract with Hyundai, Kia
EUKOR Car Carriers, a subsidiary of Wallenius Wilhelmsen, has secured a renewed and expanded contract with Hyundai Motor Car and Kia Motor Car corporations. The landmark agreement, valued at USD...
From
Mike Schuler
via
gCaptain
Venture Global’s Plaquemines LNG Project Ships First Cargo to Europe
Venture Global marked a significant milestone with the successful departure of its first liquefied natural gas cargo from the Plaquemines LNG facility, making it the eighth LNG export facility in the...
From
Oliver Sloup
via
Barchart
Corn Trades to Multi-Month Highs. Is the Rally Just Getting Started?
Grain futures moved higher in Thursday’s trade which has reinvigorated the hopes and dreams of a bigger rally to start a new year. Is that realistic or is this an opportunity for sellers to pounce?
From
Austin Schroeder
via
Barchart
Wheat Showing Slight Losses Ahead of Export Sales Data
Wheat is trading with contracts lower across the three exchanges. The wheat market pushed higher across the three markets on Thursday. Chicago SRW futures were up 4 ¾ to 7 cents on the session. KC HRW contracts closed with 7 to 8 cent gains across the board. MPLS spring wheat...
From
Austin Schroeder
via
Barchart
Corn Slipping Back on Friday AM
Corn is slipping back lower to start Friday trade, down fractionally to a penny. Futures came out of the Christmas holiday break with contracts up 2 ¾ to 6 ½ cents and hitting the highest prices since June. Preliminary open interest was up 8,229 contracts, showing net new buying. The...
From
Austin Schroeder
via
Barchart
Soybeans Pulling Back to Kick off Friday
Soybeans are trading with slight weakness on Friday morning, as contracts are down 2 to 3 cents. The soybean market closed out the Thursday session with contracts up 12 ¼ to 17 ½ cents across the board. CmdtyView’s national front month Cash Bean price was 13 cents at $9.37. Soymeal...