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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
Reuters
via
gCaptain
India Bans Imports From Pakistan And Pakistani Ships
By Rupam Jain NEW DELHI, May 3 (Reuters) – India said on Saturday it had banned the import of goods coming from or transiting via Pakistan and barred Pakistani ships as tensions rise between the nuclear-armed neighbours in the wake of a deadly attack on...
From
Darren Carlat
via
Barchart
VIX calendar spread and a Soybean calendar spread
The VIX August, September calendar spread has hypothetically profited in all 16 of the past 16 years when entered on May 7 and exited on July 22.
From
Reuters
via
gCaptain
Russia Declares State Of Emergency At Port After Ukrainian Drone Attack
MOSCOW, May 3 (Reuters) – The mayor of the Russian port city of Novorossiisk declared a state of emergency on Saturday after local authorities said a Ukrainian drone attack had damaged a grain terminal...
From
Reuters
via
gCaptain
Peru Navy Vessel Collides With Perenco Oil Platform In Amazon, Killing At Least Two
LIMA, May 2 (Reuters) – A Peruvian navy vessel collided with an oil platform operated by Perenco on the Amazon River leaving two people dead and one missing Peru’s defense ministry said on Friday. The collision, which...
From
Brady Sidwell
via
Barchart
Relief rally in grains while cattle trade to yet another new high
Cattle Surge to New High
From
Jim Roemer
via
Barchart
(DOWNLOAD A FREE REPORT) - How "El Niño Neutral” is impacting corn planting and weather
Jim winds up his pitch at readers to swing for the spring/summer grain market play
From
Austin Schroeder
via
Barchart
Wheat Rallies Double Digits on Friday
Wheat bulls were trying their best to put in some sort of bottom, as futures rallied across the three exchanges on Friday. Chicago SRW futures were up 11 to 12 cents at the close on Friday, with weekly move of 2 cents lower for July. Kansas City HRW futures were...
From
Austin Schroeder
via
Barchart
Corn Closes Mixed on Friday
The corn market settled the Friday session with some bear spreading going on, as nearby contracts were down 3 to 4 cents and new crop December was up 3 cents. July was down 16 ½ cents this week. The nearby CmdtyView national average Cash Corn price was down 3 at...
From
Austin Schroeder
via
Barchart
Soybeans Post Gains to Head into the Weekend
Soybeans posted 6 to 9 cents gains across most nearby contracts on Friday, with July closing out the week with a 1 ¼ cent loss. CmdtyView’s national front month Cash Bean price was up 9 cents at $10.06 3/4. Soymeal futures posted a $2.50 to $3.70 on Friday, as July...
From
Sean Lusk
via
Barchart
Grain Spreads: Trade Wars/Deals Wheat & Soymeal
Funds Near Record Short in Meal and Wheat.
From
Chris Swift
via
Barchart
Shootin' The Bull About All Time Highs in Cattle
This week's price action ended on a positive note for bulls with June fats finishing up $3.05 and Aug feeders up $2.60. After a choppy trade this week and what looked like a lot of indecision among traders, new contract highs were made across the board today, supported by the boxed beef trade which was up 16.29 in 5 days.
From
Mike Schuler
via
gCaptain
Trump Administration Reverses Course on Biden Offshore Decommissioning Bonding Rule
The U.S. Department of the Interior announced plans to revise the Bureau of Ocean Energy Management’s (BOEM) 2024 Risk Management and Financial Assurance Rule for offshore operations, reverting to a...