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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...
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From
Andrew Hecht
via
Barchart
Can Grain and Oilseed Prices Higher?
While corn, soybean, and wheat prices are higher than their most recent lows, they remain significantly lower than the 2022 high. As the agricultural commodities that feed and increasingly fuel the world are at the beginning of the 2025 crop year, the weather and other issues will determine the path of least resistance of prices.
From
Oliver Sloup
via
Barchart
Grain Markets Bounce Back While the Chop Persists in Livestock
Corn, beans, and wheat were able to see some strength into Thursday afternoon’s trade while livestock markets seemed to struggle to find conviction on direction.
From
Mike Schuler
via
gCaptain
FMC Awards Samsung $3.6M in Landmark Demurrage Case Against ZIM
The Federal Maritime Commission (FMC) has delivered a significant ruling in a contentious shipping dispute, awarding Samsung Electronics America (SEA) $3.68 million in reparations against ZIM Integrated Shipping Services Ltd....
From
Mike Schuler
via
gCaptain
Interior Department Looks to Boost Gulf Oil Production Through Commingling Policy Change
The Department of Interior has implemented a policy change that could significantly boost offshore oil production in the U.S. Gulf, through expanded Downhole Commingling parameters. The policy change from the...
From
Austin Schroeder
via
Barchart
Soybeans Pushing Higher on Thursday Following Lackluster Export Business
Soybeans are posting midday strength on Thursday, with gains of 3 to 7 cents. Nearbys are leading the charge. CmdtyView’s national front month Cash Bean price i up 7 3/4 cents at $9.98 ¼. Soymeal futures are down $2.70/ton lower, as Soy Oil futures were up 116 points on the...
From
Austin Schroeder
via
Barchart
Wheat Facing Midday Weakness
The wheat market is holding weaker as futures trade through the Thursday session. Chicago SRW futures are 1 to 2 cents lower at midday. Kansas City HRW contracts are showing 1 to 2 cent weaker trade on Thursday. MPLS spring wheat is trading with 1 to 2 cent losses. Rains...
From
Austin Schroeder
via
Barchart
Corn Posting Midday Gains on Thursday
Corn futures are showing a round of strength on Thursday, with front months up 4 to 5 cents and new crop December steady. The nearby CmdtyView national average Cash Corn price is up 5 1/2 cents at $4.50 1/4. Outside support from a bounce higher in the crude oil market...
From
Bloomberg
via
gCaptain
More Russian Insurers Seek Indian Nod for Oil Tanker Coverage
(Bloomberg) — Four new Russian companies have sought India’s approval to provide insurance for crude oil tankers docking at ports in the South Asian nation, according to people familiar with...
From
Mike Schuler
via
gCaptain
Major European Ports Face Headwinds in Q1 as Global Trade Tensions Rise
The Port of Rotterdam and Port of Antwerp-Bruges reported declining cargo volumes in the first quarter of 2025, as both major European maritime hubs navigate challenging global trade conditions and...
From
Mike Schuler
via
gCaptain
ABS CEO Wiernicki to Retire After 14-Year Tenure
Christopher J. Wiernicki, ABS Chairman and CEO of the American Bureau of Shipping (ABS), has announced his retirement effective end of 2025, following a 14-year leadership tenure that saw significant...
From
Oliver Sloup
via
Barchart
Are Soybeans on the Verge of a Breakout?
Are Soybeans on the Verge of a Breakout?
From
Reuters
via
gCaptain
Philippines, US Begin Joint Maritime Drills After Chinese Carrier Group Spotted
The Philippine Navy said a Chinese aircraft carrier battle group had passed near its northern maritime boundaries in the run-up to a six-day maritime exercise with the U.S. that began on Thursday as part of their annual Balikatan military drills.