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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
Austin Schroeder
via
Barchart
Soybean Bulls Gaining Ground on Wednesday
The soybean market is trading with gains of 2 to 6 cents so far on Wednesday, led by the front months. CmdtyView’s national front month Cash Bean price is up 6 1/4 cents at $9.91 1/2. Soymeal futures are 30 cents /ton, as Soy Oil futures are up 32 points....
From
Austin Schroeder
via
Barchart
Wheat Pressure Continues as Wet Forecast Covers US
Wheat is trading with midday losses across the three markets on Wednesday. Chicago SRW futures are down 6 to 7 cents so far on the day. Kansas City HRW contracts is 7 to 8 cents in the red at midday. MPLS spring wheat is slipping 4 to 6 cents so...
From
Austin Schroeder
via
Barchart
Corn Facing Midweek Pressure
The corn market is holding onto Wednesday losses so far at midday. Contracts are down 2 to 4 cents. The front month CmdtyView national average Cash Corn price is down 2 ¾ cents at $4.46 3/4. Weekly EIA data showed ethanol production rising 21,000 barrels per day in the week...
From
The Loadstar
via
gCaptain
Trump’s China-Built Ship Fees Spark Chaos in Global Carrier Alliances
The USTR fees for China-built shipping threaten a “complete destabilisation” of the ocean alliances, as the carriers with box ships exempt from the penalties attempt to insulate themselves.
From
Reuters
via
gCaptain
Singapore’s PSA Weighs Selling Minority Stake in CK Hutchison’s Ports Business
SINGAPORE, April 23 (Reuters) – Singapore’s PSA International is exploring the sale of its 20% stake in CK Hutchison‘s ports business, two people with knowledge of the matter said, joining the Hong Kong...
From
Bloomberg
via
gCaptain
Trump Floats ‘Substantial’ China Tariff Cuts in Trade Deal
President Donald Trump said he plans to be “very nice” to China in any trade talks and that tariffs will drop if the two countries can reach a deal, a sign he may be backing down from his tough stance on Beijing amid market volatility.
From
Oliver Sloup
via
Barchart
Grain Markest Mixed Wednesday Morning
Grain markets have been mixed in the overnight and early morning trade. Soybeans were initially higher overnight on trade headlines, but have given back some of that ground
From
Walsh Trading
via
Barchart
The Sinclair Report April 23, 2025: Grain Markets Overview
Wheat (ZWN25): The market broke through a critical support level set on August 27, 2024, at 560. This breakdown led to a short entry at 560 on April 21, with downside targets now seen at 545, 533, and 520. Continued pressure is likely unless significant support emerges. Soybeans (ZSN25): The...
From
Austin Schroeder
via
Barchart
Wheat Slide Continuing on Wednesday
Wheat is trading with mostly weaker action so far on Wednesday morning. The wheat complex was weaker across the three market on Tuesday. Chicago SRW futures posted 2 to 3 cent losses on the day. Kansas City HRW contracts slipped 4 to 6 cents into the close. MPLS spring wheat...
From
Austin Schroeder
via
Barchart
Corn Weakness Leaking into Wednesday
The corn market is heading lower on Wednesday, with losses of 2 to 3 cents so far on Wednesday morning. Corn futures ended the Tuesday session with contracts down 6 to 7 cents. New crop December was down 6 ½ cents, as they try not to bid up for too...
From
Austin Schroeder
via
Barchart
Soybeans Holding Near Steady Early on Wednesday
The soybean market is trading with contracts mixed, as front months are slightly higher and new crop slightly lower. Soybean futures popped higher on Tuesday, with contracts fractionally to 6 cents higher, led by the nearbys. Preliminary open interest was down 2,383 contracts on Tuesday, with May dropping 17,249 contracts....
From
Reuters
via
gCaptain
Hapag-Lloyd Says 30% of China’s U.S. Bound Shipments Have Been Canceled
Customers of Hapag-Lloyd have canceled 30% of shipments to the United States from China, spooked by the trade conflict between the two economic super powers, a spokesperson for the German container shipping group told Reuters on Wednesday.