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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...
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From
Chris Swift
via
Barchart
Shootin' the Bull about holding ones breath
The industry appears to be collectively holding their breath for what may come next. Futures traders appear nervous, even with the positive basis.
From
Reuters
via
gCaptain
Orsted Cancels Major UK Wind Project as Economics Worsen
COPENHAGEN, May 7 (Reuters) – Orsted will no longer build a major offshore wind farm in Britain, it said on Wednesday, citing a deteriorating global business environment for renewables and dealing a blow...
From
Austin Schroeder
via
Barchart
Wheat Falling at Midday
Wheat futures are facing midday weakness on Wednesday. Chicago SRW futures are down fractionally in the nearbys. There were 209 deliveries against May CBT wheat overnight, with 196 coming from a Marex customer. Kansas City HRW futures are down 7 to 8 cents are midday. Minneapolis spring wheat futures are...
From
Austin Schroeder
via
Barchart
Corn Fading Back Lower on Wednesday
Corn futures are fading off the early Wednesday strength, with contracts down 3 to 4 cents in the nearbys and new crop December up a penny. There were 13 new delivery notices against May corn futures overnight. The nearby CmdtyView national average Cash Corn price is down 3 1/2 cents...
From
Austin Schroeder
via
Barchart
Soybeans Struggling to Maintain Wednesday Gains
The soybean market is showing firm to 4 cent higher trade so far on Wednesday’s midday. Cash Bean price is steady $9.89 3/4. Soymeal futures were steady to down $2.60/ton, with Soy Oil futures down another 3 to 39 points. There were 2 deliveries for May soybeans overnight, with none...
From
Mike Schuler
via
gCaptain
Trump Withdraws Sadler Nomination, Taps Industry Veteran Stephen Carmel to Lead MARAD
President Donald Trump has withdrawn the nomination of retired U.S. Navy Captain Brent Sadler and nominated Stephen Carmel of Virginia to be the next Administrator of the U.S. Maritime Administration....
From
Reuters
via
gCaptain
US-Houthi Ceasefire Deal Does Not Include Israel
A ceasefire deal between Yemen's Houthis and the U.S. does not include sparing Israel, the group said on Wednesday, suggesting its shipping attacks that have disrupted global trade and challenged world powers will not come to a complete halt.
From
Mike Schuler
via
gCaptain
Houthi-Held Ras Isa Port Becomes New Flashpoint in Red Sea Shipping Crisis
Seafarers at Yemen’s Ras Isa Port face escalating safety concerns amid reports of vessels being forcibly detained and armed confrontations, according to maritime authorities. “I am deeply concerned by the...
From
Oliver Sloup
via
Barchart
Grain markets firm in the overnight and early morning trade. Will it last through today's session?
Grain markets were under pressure to start the week but were able to hold technical support levels yesterday and are firm this morning on the back of positive trade headlines. Where are the upside targets if the momentum holds?
From
Austin Schroeder
via
Barchart
Wheat Slightly Higher to Start Wednesday Trade
Wheat is extending the Tuesday bounce into Wednesday morning, with gains across the three markets. The wheat complex held onto gains the closing bell on Tuesday. Chicago SRW futures posted 4 to 5 cent gains across the nearbys at the close. Tuesday’s preliminary interest rose 3,894 contracts. There were 209...
From
Austin Schroeder
via
Barchart
Soybeans Popping as US/China Agree to Sit for Trade Talks
The soybean market s taking back some recent weakness on Wednesday morning, with contracts up 11 to 13 cents. Soybeans saw some slight losses on Tuesday, with contracts down 3 to 4 cents in the front months. Preliminary open interest was up 9,128 contracts on Tuesday. CmdtyView’s national front month...
From
Austin Schroeder
via
Barchart
Corn Bulls Taking Some Back Early on Wednesday
Corn futures are trading with contracts 4 to 7 cents in the green so far to start the midweek session. The corn market closed Tuesday mixed, with nearby contracts 1 to 2 cents higher and new crop down 1 to 2 cents. Preliminary open interest showed a rotation of ownership,...