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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
Austin Schroeder
via
Barchart
Wheat Slide Continues
The wheat complex was under continued pressure on Tuesday, with losses across the three markets. Chicago SRW futures were down 5 to 10 cents on Tuesday. Kansas City HRW contracts were 8 to 9 cents lower in the nearbys. MPLS spring wheat posted 3 to 5 cent losses at the...
From
Austin Schroeder
via
Barchart
Corn Collapses on Tuesday
Corn futures fell lower on Tuesday, with front months 13 to 15 cents in the red and new crop December down just 5 ¾ cents. The nearby CmdtyView national average Cash Corn price was down 13 1/4 cents at $4.36 1/4. USDA reported a private export sale of 120,000 MT...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Beware of a 10% Pullback in the Cattle Markets - Buying Opportunity in the Grains
From
Chris Swift
via
Barchart
Shootin' The Bull about New Highs in Cattle and Grains Riding The Struggle Bus
New highs were made in all contract months in the fat market today. The June contract is still under where April is going of the board by $6 and early-week cash trade is starting with 220 being passed on in Nebraska.
From
Mike Schuler
via
gCaptain
USCGC Calhoun Makes Major Cocaine Seizure in Atlantic Ocean
The U.S. Coast Guard’s newest Legend-class national security cutter, USCGC Calhoun (WMSL 759), has seized approximately 10,000 pounds of cocaine valued at $74 million during operations in the Atlantic Ocean....
From
Mike Schuler
via
gCaptain
Design Flaw Leads to $3 Million Fire on Tennessee River Towing Vessel
A catastrophic engine failure aboard the towing vessel Johnny M led to a serious fire that caused $3 million in damage, highlighting critical safety vulnerabilities in marine fire protection systems....
From
Mike Schuler
via
gCaptain
Woodside Approves $17.5 Billion Louisiana LNG Export Project
Woodside Energy Group has announced a final investment decision (FID) for its massive $17.5 billion Louisiana LNG production and export facility in Calcasieu Parish. The project, which represents the largest...
From
Mike Schuler
via
gCaptain
Vessel Collision on Lower Mississippi River Leads to Sunken Barge, Temporary Closure
A collision between the Panamanian-flagged M/V ISLA DE BIOKO and the U.S.-flagged towing vessel GINNY STONE occurred Sunday night near New Orleans, resulting in a barge breakaway incident and one...
From
Bloomberg
via
gCaptain
Record U.S. Goods-Trade Deficit Implies Weaker First-Quarter GDP
By Mark Niquette (Bloomberg) — The US merchandise-trade deficit unexpectedly widened in March to a record as companies continued importing goods to get ahead of tariffs, indicating a large hit to...
From
Austin Schroeder
via
Barchart
Wheat Pressure Continues on Tuesday
The wheat complex is facing slight weakness at Tuesday’s midday, with contracts down across the three markets. Chicago SRW futures are down 4 to 7 cents. Kansas City HRW contracts are 6 to 7 cents lower in the nearbys. MPLS spring wheat is 3 to 4 cents in the red....
From
Austin Schroeder
via
Barchart
Soybeans Falling Lower on Tuesday
The soybean market is down 7 to 12 cents so far on Tuesday, with pressure coming from a drop in bean oil. CmdtyView’s national front month Cash Bean price is down 10 1/2 cents at $9.95 1/4. Soymeal futures are up $4/ton, with Soy Oil futures were back down 115...