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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
Soybeans Back to Mixed Action Following Overnight Trade
The soybean market is trading mixed action to start Friday, with nearbys slight lower and new crop ticking higher. Soybeans posted strength into the Thursday close, as contracts were up 8 to 13 cents. Preliminary open interest showed a rotation of ownership, down just 65 contracts. CmdtyView’s national front month...
From
Malte Humpert
via
gCaptain
Europe Buys 80 Percent of US LNG in April, Replacing Russian Supplies Down One-Third
Deliveries of U.S. liquefied natural gas to the European Union were up nearly 20 percent year-over-year during the month of April, new data reveal. For the period of April 1st...
From
Reuters
via
gCaptain
Apple Aims to Source All US iPhones From India in Pivot Away From China, FT Reports
Apple AAPL.O plans to shift the assembly of all iPhones sold in the U.S. to India as early as next year, pivoting away from China to avoid steep tariffs, the Financial Times reported, citing people familiar with the matter.
From
Darin Newsom
via
Barchart
Is HRW Wheat a Buy?
Can we believe what we see on the July HRW daily chart from Thursday's close? Or will the market's fundamentals keep buyers away for now?
From
Austin Schroeder
via
Barchart
Soybeans Rally into Thursday’s Close, with Bean Oil Support
Soybeans posted strength into the Thursday close, as contracts were up 8 to 13 cents. CmdtyView’s national front month Cash Bean price was up 15 1/4 cents at $10.06 ¾. Soymeal futures were down $1.20 to $2.10/ton, as Soy Oil futures were up 103 to 174 points on the session....
From
Austin Schroeder
via
Barchart
Corn Posts Thursday Pop Higher
Corn futures closed out Thursday trade with contracts up 2 to 5 ¼ cents, bouncing from recent weakness. The nearby CmdtyView national average Cash Corn price was up 5 1/2 cents at $4.50 1/2. The CBOT is raising daily price limits for corn futures by a nickel to 35 cents,...
From
Darin Newsom
via
Barchart
Grain Rally Mystery: Why Are Soybeans, Corn, and Wheat Bucking the Trend?
In an interview on AgWeb's Markets Now, Darin Newsom of Barchart discussed the surprising grain market rally led by soybeans despite negative China trade news, a potential corrective bounce in corn with weak basis, and a likely bear trap in wheat, while also touching on the bullish cattle market's connection to equities and a potential shift out of stocks into safer assets.
From
Mike Schuler
via
gCaptain
NTSB: Inexperienced Pilot’s Phone Use and Outdraft Current Led to $1.3M Ohio River Tow Accident
The National Transportation Safety Board (NTSB) has determined that an inexperienced pilot’s failure to compensate for outdraft current, combined with cell phone use, led to a costly towing vessel accident...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Can the Grains Continue to Advance from here - Should the Cattle Markets Expect a 10% Pullback?
From
Mike Schuler
via
gCaptain
EU Expands Maritime Reporting Requirements to Combat ‘Shadow Fleet’ Risks
The European Commission has strengthened its maritime safety regulations by implementing new mandatory insurance reporting requirements for all vessels in EU waters. Under the amended Vessel Monitoring Directive (2022/59/EC), ships...
From
Walsh Trading
via
Barchart
Chart of the Day - July Soybeans
Soybeans broke through long-term resistance today, can they maintain the rally?
From
Chris Swift
via
Barchart
Shootin' the Bull about significant divergence
In my opinion alone, and not to be confused with fact, is that the spread between the optimism of the producer, and the street signs of the economy, are believed as wide as I can ever recall.