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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
Mike Schuler
via
gCaptain
EIA Sees Weak Global Oil Demand Limiting Price Spike from Hormuz Disruption
The U.S. Energy Information Administration (EIA) has lowered its outlook for global oil demand in 2026, saying weaker consumption could help cap oil price increases even as disruptions continue to...
From
Mike Schuler
via
gCaptain
Billion-Dollar USV Builder Saronic Scores Operational Milestone in Oman Rescue
A U.S. Navy-operated autonomous surface vessel (ASV) built by Saronic rescued two U.S. Army aviators after their AH-64 Apache helicopter crashed off the coast of Oman, marking what appears to...
From
Mike Schuler
via
gCaptain
IMO Chief Warns No Safe Passage Exists in Hormuz Despite Rising Traffic Claims
The head of the International Maritime Organization (IMO) has issued one of his strongest warnings yet on conditions in the Strait of Hormuz, saying the waterway remains too dangerous for...
From
Reuters
via
gCaptain
U.S. Energy Secretary Says Ship Traffic Through Hormuz Increasing ‘Meaningfully’
U.S. Energy Secretary Chris Wright said on Tuesday that ship traffic in the Gulf and oil exports through the Strait of Hormuz are rising even as Washington and Tehran struggle to reach a deal on ending their more than three-month-old war.
From
Mike Schuler
via
gCaptain
EU Unveils 21st Russia Sanctions Package Targeting Shadow Fleet, Banks, LNG Tankers
The European Commission on Tuesday proposed a sweeping 21st package of sanctions against Russia, targeting the country’s financial sector, shadow fleet operations, energy exports, and military supply chains as Brussels...
From
Reuters
via
gCaptain
Russia Holds Naval Drills in Baltic Sea During Major NATO Exercises
Russia's navy has conducted military drills in the Baltic Sea, practicing unguided missile launches, bombing runs and missile strikes, it said, as major U.S.-NATO exercises also took place in the region, the Interfax news agency reported on Tuesday.
From
Bloomberg
via
gCaptain
Kuwait Offers Oil to Asian Buyers for First Time Since War
Kuwait is offering to sell its crude to refiners in Asia for the first time since the Iran war started, the latest indication of rising oil flows through the Strait of Hormuz.
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From
Austin Schroeder
via
Barchart
Corn Holding onto Wednesday Weakness with Pressure from Crude
Corn futures are trading with 8 to 10 cent losses in the front months on Wednesday. There were 304 deliveries issued against May futures overnight, all by the ADM house account. The CmdtyView national average Cash Corn price is 10 cents lower on the day to $4.28 3/4. Crude oil...
From
Austin Schroeder
via
Barchart
Wheat Facing Outside Pressure on Wednesday
The wheat complex is holding onto the Wednesday losses at midday. Chicago SRW futures are down 11 to 12 cents on the midweek session. There were another 41 deliveries issued against May futures overnight. KC HRW futures are 4 to 6 cents lower at midday. MPLS spring wheat is trading...
From
Austin Schroeder
via
Barchart
Soybeans Falling on Crude Oil Pressure on Wednesday
Soybeans are trading with 17 to 21 cents lower on Wednesday with outside pressure from crude playing a factor. There were 24 deliveries issued against May beans overnight. The cmdtyView national average Cash Bean price is down 19 1/2 cents at $11.24 3/4. Soymeal futures are down $1.90 to $2.70...
From
Mike Schuler
via
gCaptain
U.S. Navy Jet Fires Upon, Disables Iranian Tanker Accused of Violating Washington’s Blockade
U.S. forces disabled an Iranian-flagged oil tanker in the Gulf of Oman on Wednesday after CENTCOM said the vessel attempted to violate Washington’s blockade on ships entering or departing Iranian...
From
Bloomberg
via
gCaptain
Shipowners Stay Cautious on Hormuz as Iran Says ‘Contact Us’
Shipping companies remain cautious about sending vessels through the Strait of Hormuz, despite signs that Iran may be willing to reopen the channel.
From
Reuters
via
gCaptain
U.S. and Iran Edge Toward War Deal as Hormuz Talks Advance
Iran said on Wednesday it was reviewing a new U.S. proposal, after sources said Washington and Tehran were closing in on a one-page memorandum to end the war in the Gulf while leaving tricky issues such as Iran's nuclear program for later.
From
Darin Newsom
via
Barchart
Should We Expect a Breakdown in Soybean Oil?
After adding nearly 4.4 cents during the just finished positioning week, the Soybean Oil market increased its vulnerability to a fund-driven selloff.
From
Austin Schroeder
via
Barchart
Soybeans Facing Oil Pressure Issues on Wednesday Morning
Soybeans are trading with 4 to 7 cent losses early on Wednesday. Futures were 2 ¾ to 11 ¾ cents in the red on Tuesday, with the nearbys leading the charge. Open interest was up 9,873 contracts on Tuesday. There were 24 deliveries issued against May beans overnight. The cmdtyView...
From
Austin Schroeder
via
Barchart
Corn Tumbling Early on Wednesday with Crude Oil Pressure
Corn prices are down 8 to 9 ½ cents on Wednesday AM trade. Futures closed the Tuesday session with deferred contracts fractionally lower to down 5 2/4 cents in the nearbys. In delivery May was down 8 ¼ cents. Open interest was up 11,654 contracts on Tuesday, mainly in September...
From
Austin Schroeder
via
Barchart
Wheat Falling Back with Outside Pressure to Start Wednesday
Wheat is showing early Wednesday losses of double digits across the three exchanges. The wheat complex posted losses across three markets on Tuesday. Chicago SRW futures were 8 to 13 ¼ cents in the red at the close. There were another 41 deliveries issued against May futures overnight. KC HRW...
From
Bloomberg
via
gCaptain
Adnoc Appears to Export Second LNG Shipment Through Hormuz
Abu Dhabi National Oil Co. appears to have been able to export a second liquefied natural gas shipment through the Strait of Hormuz, according to ship-tracking data compiled by Bloomberg, even as the Iran war halts most traffic.
From
Reuters
via
gCaptain
US and Iran Closing in on Memorandum to End War, Pakistani Source Says
The United States and Iran are closing in on an agreement on a one-page memorandum to end the war in the Gulf, a source from mediator Pakistan familiar with the negotiations said.