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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
Bloomberg
via
gCaptain
COSCO’s Profits Surge Ahead of U.S. Tariff Storm
Cosco Shipping Holdings Co.’s profit jumped, along with improved revenue from its transpacific routes, as customers front-loaded shipments ahead of new fees from the US Trade Representative set to target Chinese shippers.
From
Reuters
via
gCaptain
Pentagon Chief Warns Iran of Consequences for Supporting Houthis
U.S. Defense Secretary Pete Hegseth warned Iran on Wednesday that it will face consequences for supporting the Houthis, even as the United States has relaunched talks with Iran over its nuclear program.
From
Mike Schuler
via
gCaptain
Trump National Security Advisor Mike Waltz to Depart Amid Maritime Policy Momentum -Reports
White House National Security Adviser Mike Waltz is reportedly set to leave the administration following controversy over sharing sensitive military information, departing amid significant developments in U.S. maritime policy which...
From
Austin Schroeder
via
Barchart
Soybeans Back to Higher Trade on Thursday
Soybeans are posting 6 to 8 cent gains across most contracts on Thursday. There were 3 deliveries against May soybeans overnight. CmdtyView’s national front month Cash Bean price is up 9 1/2 cents at $9.98 1/2. Soymeal futures are down $2.30 to $2.50/ton, with Soy Oil futures back up 97...
From
Austin Schroeder
via
Barchart
Corn Leaking Back Lower at Midday
The corn market is trading with contracts down 3 to 4 ¼ cents and December up ½ cent. There were another 25 deliveries against May corn futures overnight. The nearby CmdtyView national average Cash Corn price was up 5 1/4 cents at $4.42 1/2. Export Sales data from this morning...
From
Austin Schroeder
via
Barchart
Wheat Showing Strength on Thursday
The wheat complex is trading with mixed action on Thursday, as contracts are trying to posting some strength. Chicago SRW futures are up 1 to 3 cents. There were 80 delivery notices against May wheat overnight. Kansas City HRW contracts is mixed, with may up 7 and July down ½...
From
Mike Schuler
via
gCaptain
Joint Operation Yields Major Hazmat Violations at NY/NJ Port
Recent joint operations between the U.S. Coast Guard and Customs and Border Protection (CBP) at the Port of New York and New Jersey have revealed significant hazardous material compliance issues,...
From
Oliver Sloup
via
Barchart
A Choppy Grain Trade
Grain markets have been choppy over the last several sessions as money flow and technicals push and pull price action. These are the levels to keep an eye on for today’s trade.
From
Andrew Hecht
via
Barchart
Commodity Market Roundup- April’s Top Performers and Underperformers
April was a trying month for markets across all asset classes, and commodities were no exception. Markets experienced significant volatility, and many commodity prices declined.
From
Austin Schroeder
via
Barchart
Wheat Popping on Thursday Morning
Wheat is showing gains to begin May, with most contracts higher. The wheat complex bounced back to close out the Wednesday session with the SRW and spring wheat contracts posting strength and HRW weaker. Chicago SRW futures were up 5 to 8 cents. There were 80 delivery notices against May...