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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
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From
Oliver Sloup
via
Barchart
Markets Now: Grain and Livestock See Green on Friday
Oliver Sloup joins Michelle Rook on Markets Now to discuss Grain and Livestock Markets Finish the Week on Mostly Higher Ground
From
Mike Schuler
via
gCaptain
U.S. Navy Flight Tests Sea-Based Hypersonic Missile Launch System
The U.S. Navy has achieved a significant milestone in its hypersonic weapons program with a successful end-to-end flight test of a conventional hypersonic missile at Cape Canaveral Space Force Station,...
From
Austin Schroeder
via
Barchart
Products Mixed, But Soybean Futures are Higher
Soybeans are trading 5 to 8 cents higher at midday on Friday. Futures closed out the Thursday session with contracts 4 to 7 cents across most months. Preliminary open interest was up 3,770 contracts on Thursday, suggesting light net new buying. There were 3 deliveries issued against May beans overnight....
From
Austin Schroeder
via
Barchart
Wheat Higher on Friday? By Double Digits!
Wheat is trading with Friday morning gains across the three exchanges. Most contracts are up 10 to 12 cents per bushel. The wheat complex was mixed on Thursday, with contracts on either side of unch across the three markets. Preliminary open interest was up 7,187 contracts on Thursday, with OI...
From
Austin Schroeder
via
Barchart
Corn Posting Modest Gains at Midday on Friday
Corn futures are 2 cents lower to 3 cents higher at midday on Friday, led by new crop December. The corn market ended the Thursday session with contracts down 3 to 4 cents in the nearbys and up a penny in December. Preliminary open interest was up 6,510 contracts on...
From
Reuters
via
gCaptain
Activist Aid Ship Hit by Drones on Way to Gaza
VALLETTA, May 2 (Reuters) – A ship carrying humanitarian aid and activists for Gaza was bombed by drones in international waters off Malta early on Friday, its organizers said, alleging that Israel was to blame. The...
From
Bloomberg
via
gCaptain
Dominion Says Tariffs May Add $500 Million to Wind Project Cost
President Donald Trump’s tariffs threaten to increase the cost of a big offshore wind farm that Dominion Energy Inc. is building by as much as $500 million, the company said Thursday.
From
Oliver Sloup
via
Barchart
Grain markets are firm in the overnight and early morning trade, will it last?
Corn, soybeans, and wheat are all higher in the early morning trade. Can the markets regain ground and finish the week back above technical resistance?
From
The Loadstar
via
gCaptain
Blanked Sailings Buoy Spot Rates Amid Broad Market Slide
Spot rates across all the major east-west deepsea trades continued their downward descent this week, although it has become increasingly clear that widespread blanked sailings on the transpacific trade managed to stave off a complete crash.
From
Mike Schuler
via
gCaptain
Mediterranean Sea Becomes World’s Fifth Sulphur Emission Control Area
The Mediterranean Sea has become the world’s fifth Emission Control Area (ECA) for sulphur oxides starting May 1, 2025. This landmark regulation, adopted by the International Maritime Organization (IMO), will...
From
Malte Humpert
via
gCaptain
Coast Guard Greenlights ‘Full Production’ of Polar Security Cutter Icebreaker Years Behind Schedule
The construction of the first heavy icebreaker built in the United States in nearly five decades continues to inch along. The Department of Homeland Security approved the start of “full production” on the initial Polar Security Cutter on April 30, 2025.
From
Bloomberg
via
gCaptain
China Shipping Loophole Closed by Trump, Raising Prices for US Consumers
Small-value packages shipped to the US from China will no longer be exempted from tariffs starting Friday, when President Donald Trump’s move against an exception he called a “big scam” takes effect.