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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
Darin Newsom
via
Barchart
Did Watson Overshoot in the Soybean Market?
When making an investment decision about any market, it pays to understand that market's structure. Each market has two sides: Commercial and noncommercial, the latter also known as Watson.
From
gCaptain
via
gCaptain
NYC Waterfront Project Aims to Shift Freight from Truck to Barge
By Daniel Katzive (gCaptain) – New York City’s slow-moving efforts to get more freight off the city’s congested highways and onto the metropolis’s navigable waterways appeared to take an important...
From
Austin Schroeder
via
Barchart
Wheat Posts Weakness on Tuesday
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 was 3 to 5cents in the red on the session. Monday’s Crop...
From
Austin Schroeder
via
Barchart
Corn Falls Lower on Tuesday
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 many acres with current new crop soybean/corn ratio at 2.24. The front month CmdtyView national average Cash Corn price was...
From
Austin Schroeder
via
Barchart
Soybeans Hold Gains on Tuesday
Soybean futures popped higher on Tuesday, with contracts fractionally to 6 cents higher, led by the nearbys. CmdtyView’s national front month Cash Bean price was up 6 3/4 cents at $9.85 1/4. Soymeal futures were up 80 cents $1.00/ton, as Soy Oil futures were down 4 to 28 points. Treasury...
From
Mike Schuler
via
gCaptain
CMB.TECH to Absorb Golden Ocean in All-Stock Deal
Golden Ocean Group Limited (NASDAQ: GOGL) and CMB.TECH NV (NYSE: CMBT) announced today a merger agreement that will create one of the largest diversified listed maritime groups globally. The stock-for-stock...
From
Chris Swift
via
Barchart
Beating a dead horse
Cattleman are weeding out the weak with prices tempting some to exit the business while on top. Margins are tight in every sector with suspect that today's fat cattle profits are merely being invested 100% into newly acquired inventory.
From
Mike Schuler
via
gCaptain
Engine Room Fire on Passenger Vessel Linked to Poor Maintenance, NTSB Reports
The National Transportation Safety Board (NTSB) has determined that debris in an engine’s lubrication oil system caused a serious engine failure and subsequent fire aboard the passenger vessel Ocean Navigator...
From
Bloomberg
via
gCaptain
Orsted Shares Slump After Trump Escalates Offshore Wind Threat
(Bloomberg) — Orsted A/S shares dropped almost 10% on the first day of trading since President Donald Trump’s administration ordered another developer to halt construction of a wind farm off...
From
Austin Schroeder
via
Barchart
Soybeans Popping Higher on Tuesday
Soybean futures are posting midday gains on Tuesday with contracts up 3 to 9 cents so far. CmdtyView’s national front month Cash Bean price is up 9 1/4 cents at $9.88 3/4. Soymeal futures are up $1.10/ton, as Soy Oil futures are down 8 points. The US soybean crop was...
From
Austin Schroeder
via
Barchart
Wheat Losses Holding on Tuesday
The wheat complex is showing weakness on Tuesday. Chicago SRW futures are trading with fractional to 1 ¼ cent losses at midday. Kansas City HRW contracts are slipping back by 2 to 4 cents on Tuesday. MPLS spring wheat is 2 to 3 cents in the red at midday. Monday’s...