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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
gCaptain
via
gCaptain
U.S. Ports Push Nuclear Power, Faster Dredging at Record AAPA Convention
The American Association of Port Authorities wrapped up its annual convention in New Orleans on Wednesday after drawing its largest attendance ever, with more than 900 participants representing over 90 ports.
From
Mike Schuler
via
gCaptain
Saronic Starts Construction on $3 Billion Texas Shipyard
Saronic Technologies has broken ground on its planned $3 billion Port Alpha shipyard in Brownsville, moving one of the largest new U.S. shipbuilding projects in decades from the planning stage...
From
Reuters
via
gCaptain
Russia Sends Nuclear Warning to NATO as Tensions Rise in the Baltic
Russia has warned NATO it would be ready to resort to nuclear weapons if the Western alliance attempted to cut off Kaliningrad, a Russian exclave that borders the Baltic Sea.
From
Bloomberg
via
gCaptain
Ships Face Fuel Delays at China’s Zhoushan on Supply Squeeze
Ships are being forced to wait significantly longer to refuel at China’s top bunkering hub of Zhoushan, where the fallout from the US-Iran war has tightened supplies and pushed up prices.
From
Mike Schuler
via
gCaptain
Three More Tanker Attacks Surface in Delayed Hormuz Reports
Three more attacks on tankers in the Strait of Hormuz have surfaced through delayed reports from UK Maritime Trade Operations, adding to growing uncertainty over how quickly incidents in the...
From
Reuters
via
gCaptain
Trump Set to Tout Korean Investment in Alaska LNG, Other Projects, Sources Say
President Donald Trump could unveil plans as soon as Wednesday to tap South Korea's pledged strategic investment package for about $54 billion to build a liquefied natural gas facility in Alaska and several other major US projects, according to two people familiar with the discussions.
From
Bloomberg
via
gCaptain
JPMorgan and Goldman See Mideast Oil Flows Near Pre-War Levels
Crude oil flows from the Middle East are returning toward pre-war levels despite continued risks to shipping, according to separate estimates from JPMorgan Chase & Co. and Goldman Sachs Group Inc.
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From
Reuters
via
gCaptain
Maersk Raises Outlook for Second Time This Year After Second-Quarter Profit Surge
Danish shipping group Maersk MAERSKb.CO on Thursday smashed profit forecasts and raised its full-year earnings guidance for a second time this year as the Middle East conflict, port congestion and strong demand pushed freight rates higher.
From
Mike Schuler
via
gCaptain
IRS Rules Out Key Tax Exemption for Foreign Ships Using Jones Act Waiver
The Internal Revenue Service has issued new guidance clarifying that foreign shipping companies operating between U.S. ports under the Jones Act waiver cannot claim a longstanding tax exemption normally available...
From
Bloomberg
via
gCaptain
Black Sea Oil Tanker Rates Surge to Record on Drones Barrage
(Bloomberg) — Freight costs for oil tankers shipping crude from the Black Sea to the Mediterranean have risen to a record after a flurry of drone attacks, driving down prices...
From
Mike Schuler
via
gCaptain
Trump’s Third ‘Big Beautiful’ Gulf Lease Sale Draws $82.7 Million in High Bids
The Trump administration’s third “Big Beautiful” offshore oil and gas lease sale generated $82.7 million in high bids Wednesday, marking a rebound from a weak March auction but remaining well...
From
Reuters
via
gCaptain
Ukraine Halts Strikes on Tankers Using Russian Port at U.S. Request
Ukraine has paused drone strikes on oil tankers using Russia's Black Sea port of Novorossiysk after a request from U.S. Vice President JD Vance, the Financial Times said on Wednesday, citing Ukrainian officials.
From
Bloomberg
via
gCaptain
UAE Shuttles Iraqi Oil Exports Through the Strait of Hormuz
Abu Dhabi National Oil Co.’s trading arm is offering to shuttle exports of Iraqi oil through the Strait of Hormuz, using its dark-transit playbook to transport Basrah and other crude to refiners in Asia, according to people familiar with the matter.
From
Reuters
via
gCaptain
Oil Spill From Grounded Shadow Fleet Tanker Could Rival Exxon Valdez
A vast oil spill in the Gulf is quickly becoming one of the world’s worst in years after being allowed to spread almost unchecked for weeks, according to international agencies, satellite imagery and environmental groups.
From
gCaptain
via
gCaptain
IEA Warns Oil Market Risks Mount as Hormuz Disruptions Drain Inventories
The International Energy Agency has again cut its outlook for global oil supply and demand as renewed fighting around the Strait of Hormuz disrupts Gulf exports, drains inventories and pushes...
From
Reuters
via
gCaptain
Taiwan Condemns ‘Dangerous’ Planned Chinese Navy Drill with Indonesia to Its East
Taiwan's government condemned planned Chinese navy drills with an Indonesian warship off its east coast, saying they were dangerous and showed Beijing was trying to create a false impression that it controls those waters.
From
Bloomberg
via
gCaptain
Trump Claims Hormuz Control as US, Iran Harden Their Stances
President Donald Trump claimed the US had “total control over the Hormuz Strait,” as Washington and Tehran hardened their positions in deadlocked negotiations over the critical waterway.
From
Bloomberg
via
gCaptain
Ship Pays $4 Million to Cut the Line at Panama Canal
By Lucia Kassai and Ruth Liao (Bloomberg) — A container ship paid $4 million to cut the line at the Panama Canal, where wait times are stretching more than a week,...
From
Mike Schuler
via
gCaptain
U.S. Navy Helicopter Fires on Panama-Flagged Containership in Gulf of Oman in Blockade Enforcement
U.S. Central Command has confirmed that American forces fired two Hellfire missiles at the Panama-flagged containership Vela Nova in the Gulf of Oman on Tuesday, disabling the vessel after it allegedly ignored...