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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
Austin Schroeder
via
Barchart
Wheat Sneaking Higher after Ratings Improvement
Wheat futures are reversing recent action as winter wheat contracts are higher on Tuesday morning, with spring wheat showing weakness. The wheat market fell lower across the three markets on Monday. Chicago SRW futures were 11 to 13 cents lower on Monday. There were 2 deliveries against May CBT wheat...
From
Austin Schroeder
via
Barchart
Corn Trying to Bounce Back on Tuesday Morning
The corn market is trading with 2 to 3 cent nearby gains early on Tuesday, with new crop December down ½ cent. Futures closed out the Monday session with contracts down 14 to 15 cents in the front months and 7 to 8 cents in the new crop contracts. Preliminary...
From
Bloomberg
via
gCaptain
Chinese Trade Flow Resilient at End of April Despite US Tariffs
China’s trade flows increased at the end of April, indicating the damage from US tariffs has yet to manifest in actual shipments even though the trade war is widely expected to eventually slow the world’s second-largest economy.
From
Reuters
via
gCaptain
As Trump Tariffs Sink in, Canadian Companies Pivot From US to New Markets
A manufacturer of capsules and tablets for the pharmaceuticals industry is scouting Asia for new partners. A steel component maker, with a client base in the United States stretching back 35 years, is telling customers to expect to pay higher prices. Another company, that produces mascot costumes for sporting or school events, is lowering its prices so as not to lose American customers.
From
Ben DiCostanzo
via
Barchart
Hogs Consolidate While Cattle Markets Make New All-Time Highs
Cattle Markets Rally to new highs with Cash Markets at new all-time high prices
From
Austin Schroeder
via
Barchart
Wheat Weakness Comes Back on Monday
The wheat market fell lower across the three markets on Monday. Chicago SRW futures were 11 to 13 cents lower on Monday. Kansas City HRW futures were under pressure on Monday with contracts 8 to 9 cents in the red. Minneapolis spring wheat futures was the firmest of the three...
From
Austin Schroeder
via
Barchart
Corn Collapses Towards April Lows on Monday
Corn futures closed out the Monday session with contracts down 14 to 15 cents in the front months and 7 to 8 cents in the new crop contracts. The nearby CmdtyView national average Cash Corn price was down 15 at $4.24 3/4. An opening for planting across the Corn Belt,...
From
Austin Schroeder
via
Barchart
Soybeans Fall to Start the Week
Soybeans fell lower on Monday, with contracts down 8 to 13 cents across most months at the close. CmdtyView’s national front month Cash Bean price was down 13 cents at $9.93. Soymeal futures were down $1.40 to $2.20/ton, with Soy Oil futures falling 42 to 71 points. Export Inspections data...
From
Chris Swift
via
Barchart
Shootin' the Bull about wide positive basis in fats
The tiger trap is as deep as I have seen this year in the fat market.
From
Reuters
via
gCaptain
States Sue Over Trump’s Offshore Wind Pause
A coalition of Democratic state attorneys general sued on Monday in a bid to block President Donald Trump's move to suspend leasing and permitting of new wind projects, saying it threatens to cripple the wind industry and a key source of clean energy.
From
Jim Wyckoff
via
Barchart
A New Storm Cloud Is Throwing Shade on Grain Markets. Here’s What Could Bring Out the Sun.
Grain markets traders have a weather-market wild card in their vests as the spring and summer months kick off.