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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
Twenty Years of Seafarer Protections: Maritime Labour Convention Marks Historic Milestone
The International Labour Organization (ILO), the International Chamber of Shipping (ICS), and the International Transport Workers’ Federation (ITF) marked the 20th anniversary of the Maritime Labour Convention (MLC) this week with a renewed push to strengthen...
From
Oliver Sloup
via
Barchart
Grains Slip Lower to Start the Week
Grain markets saw a wider ranging trade last week with big moves observed in soybeans and wheat. Is higher volatility going to be the new norm into the spring?
From
Bloomberg
via
gCaptain
Russian Oil Most Discounted Since 2023 on Western Sanctions
Russia’s flagship crude is selling at the deepest discount in the international marketplace in almost three years as western sanctions deter trade with Moscow.
From
Austin Schroeder
via
Barchart
Wheat Falling Back to Kick Off Monday
Wheat is trading with 2 to 6 cent losses on Monday morning The wheat complex was in rally mode to round out the week. Chicago SRW futures posted 13 to 14 cent gains at the close, with March up 24 ¾ cents on the week. KC HRW futures were 6...
From
Austin Schroeder
via
Barchart
Corn Slipping to Start Monday
Corn price action is down fractionally to 1 1/2 cents so far on Monday morning. Futures were up 1 to 4 cents across the front months on Friday, as March was down 4 ¼ cents last week. Spillover support from gains in wheat was helping. Preliminary open interest was down...
From
Austin Schroeder
via
Barchart
Soybeans Falling Early on Monday
Soybeans are down 2 to 6 cents so far on Monday morning. Futures were down 3 to 4 cents in the front months, as March was up 4 ½ cents last week. Open interest was down 36,192 contracts in March on Friday, with the rest up 18,174 contracts. The cmdtyView...
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From
Chris Swift
via
Barchart
Shootin' the Bull about a contagious fever
Auction's can at times produce a feverish pitch to their attendees that can be contagious. I think when coupled with the fundamental change from drought to drowning, it is a reason for the abrupt run up in lighter weight categories for which are currently crushing margins to cattle feeders, as some of the fever is spilling over into the feeder cattle market.
From
Mike Schuler
via
gCaptain
Avance Gas Exits Shipping Market with $450 Million Profit, Plans Complete Wind-up
Avance Gas Holding Ltd (OSE: AGAS), one of the leading owners of Very Large Gas Carriers (VLGCs), has announced its complete exit from the shipping market through strategic fleet sales....
From
Mike Schuler
via
gCaptain
U.S. Coast Guard’s Aging ‘Polar Star’ Begins Antarctic Mission as Service Races to Modernize Icebreaker Fleet
The USCGC Polar Star, America’s only heavy icebreaker, has departed Seattle for its annual Antarctic mission supporting Operation Deep Freeze (ODF), marking its 28th year in this critical role. The...
From
Reuters
via
gCaptain
Trump Readying Energy Blitz: LNG Permits, Drilling, and Keystone Redux Top Day-One Agenda
Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U.S. coast and on federal lands, according to two sources familiar with the plans.
From
Austin Schroeder
via
Barchart
Corn Mixed Heading into the Holiday
The corn market is showing fractional gains to 2 cent losses on Wednesday, with Dec feeling pressure ahead of first notice day. The national average Cash Corn price from cmdtyView is down 2 1/4 cents at $3.94 per bu. Friday is first notice day for December corn futures. EIA data...
From
Austin Schroeder
via
Barchart
Wheat Falling, with December Pressured Ahead of FND
Wheat is showing weakness across the complex ahead of the Holiday. Chicago SRW futures are down 6 to 9 cents in most contracts. KC HRW contracts are 11 to 13 cents lower on the session, with December falling ahead of First Notice Day, down 24 cents. MPLS spring wheat is...
From
Austin Schroeder
via
Barchart
Soybean Bulls Gobbling Up Gains Ahead of Thanksgiving
Soybeans are trading with 2 to 6 cent gains on Wednesday at midday. CmdtyView’s national front month Cash Bean price is up 5 3/4 cents at $9.39 3/4. Soymeal futures are up $3.80/ton on the day. Soy Oil futures were back down 187 points on the session. USDA reported a...
From
Mike Schuler
via
gCaptain
Frontline CEO Warns of Shadow Fleet’s Impact on Tanker Market
Frontline plc posted a profit of $60.5 million in the third quarter of 2024 despite challenging market conditions. The tanker shipping giant reported revenues of $490.3 million. The company’s adjusted...
From
Bloomberg
via
gCaptain
Poland’s PM Proposes Navy Policing in Baltic Sea Amid Russia Threat
(Bloomberg) — Poland will propose a maritime policing program in the Baltic Sea similar to air-monitoring missions carried out by NATO members, Prime Minister Donald Tusk said on Wednesday. Tusk...
From
Reuters
via
gCaptain
Trump’s Trade War Redux: Meet the New Architect of America’s Tariff Agenda
President-elect Donald Trump on Tuesday chose trade lawyer Jamieson Greer as his new U.S. trade representative, elevating a key veteran of his first-term trade war against China to execute a sweeping tariff agenda that promises to upend global trade.
From
Reuters
via
gCaptain
Trump’s Tariff Plan Has No Exemption for Oil Imports
U.S. President-elect Donald Trump does not intend to spare crude oil from his planned 25% import tariffs on Canada and Mexico, sources told Reuters on Tuesday, as the oil industry warned the policy could hurt consumers, industry and national security.
From
Oliver Sloup
via
Barchart
A Quiet Grain Trade Ahead of Turkey Day
Grain markets are mixed in the early morning trade as the holiday trade starts to kick in.