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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
Corn Falling on Tuesday
Corn futures are falling back on Tuesday with contracts down 4 to 7 cents at midday. The front month CmdtyView national average Cash Corn price is down 4 ½ cents so far at $4.50. Crop Progress data from Monday afternoon showed the US corn crop at 12% planted as of...
From
Reuters
via
gCaptain
Denmark to Spend $600 Million on Surveillance Vessels Amid Russia Threat
Denmark will spend about 4 billion crowns ($614 million) on building and procuring 26 navy vessels for patrolling, oil spill response and surveillance of undersea cables, Defence Minister Troels Lund Poulsen said on Tuesday.
From
Mike Schuler
via
gCaptain
Chesapeake Bay Bridge Fails to Meet Modern Vessel Collision Standards, Risk Assessment Shows
In response to the Francis Scott Key Bridge collapse in Baltimore, the Maryland Transportation Authority (MDTA) has revealed that the William Preston Lane Jr. Memorial Bay Bridge (aka the Chesapeake...
From
Mike Schuler
via
gCaptain
U.S. Sanctions Iranian LPG Tycoon Tied to IRGC and Failed Texas Loading
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated Iranian LPG magnate Seyed Asadoollah Emamjomeh and his extensive corporate network for shipping hundreds of millions...
From
Jim Wyckoff
via
Barchart
The Soybean Market Is Demonstrating Resilience. Here Are the Levels to Watch Before You Buy July Soybean Futures.
Soybeans are shaking off some of the malaise in the broader market.
From
Austin Schroeder
via
Barchart
Wheat Weakness Continuing on Tuesday Morning
Wheat is trading with weakness on Tuesday morning. The market posted losses across the three exchanges on Monday. Chicago SRW futures were down 10 to 11 cents in the front months at the close. Preliminary open interest was up 1,565 contracts on Tuesday. Kansas City HRW contracts were 6 to...
From
Austin Schroeder
via
Barchart
Soybeans Showing Tuesday AM Strength
The soybean market is trading with gains of 2 to 5 cents early on Tuesday. Soybeans posted Monday losses of 5 to 7 cents across most contracts. Preliminary open interest indicated a rotation of ownership, up just 1,541 contracts. CmdtyView’s national front month Cash Bean price was down 6 cents...
From
Austin Schroeder
via
Barchart
Corn Weakness Creeping in on Tuesday AM
Corn futures are trading with 2 to 5 cent losses so far on Tuesday morning. The corn market failed to hold the early session strength on Monday, with contracts ending the session with fractional losses in the front months. Preliminary open interest was down 5,829 contracts on Monday, with May...
From
Malte Humpert
via
gCaptain
Russia’s New ‘Combat Icebreaker’ Undergoes Ice Trials Ahead of Joining Northern Fleet
Russia’s newest icebreaking patrol vessel, the 8,500-tonne Ivan Papanin, has completed the first series of ice trials in the Arctic Ocean. The 114 meter-long and 18 meter-wide armed icebreaker is scheduled to enter into service with the country’s Northern Fleet this summer.
From
Bloomberg
via
gCaptain
Korean Shipbuilder Hanwha Seizes Chance to Build US LNG Tankers
A South Korean shipbuilder plans to construct the first US-built liquefied natural gas tanker, following sweeping recommendations from a US trade agency that would tax ships made in China and aim to combat the Asian nation’s dominance in the industry.
From
Mike Schuler
via
gCaptain
Hanwha Ocean Launches Drillship ‘Tidal Action’ for Petrobras Charter
South Korean shipbuilder Hanwha Ocean has marked its entry into the deepwater drilling operations sector with the naming ceremony of its next-generation drillship ‘Tidal Action’. The vessel includes advanced capabilities,...
From
Austin Schroeder
via
Barchart
Soybeans Fall Lower on Monday
Soybeans posted Monday losses of 5 to 7 cents across most contracts. CmdtyView’s national front month Cash Bean price was down 6 cents at $9.79 1/2. Soymeal futures were down $2.70/ton, as Soy Oil futures were back down 7 to 9 points. The US soybean crop was listed at 8%...