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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
Panama Officially Cancels CK Hutchison Port Concessions, Clearing Path for Maersk
Panama on Monday published in its official gazette a Supreme Court ruling canceling key port contracts held by a subsidiary of CK Hutchison, clearing the way for Maersk's APM Terminals to take over temporarily.
From
Bloomberg
via
gCaptain
Soaring Tanker Costs Force West African Oil Price Cuts
West African crude traders are slashing prices as soaring freight costs and an unfavorable Brent-Dubai spread kill Asian demand. Tanker rates to Asia hit five-year highs while Nigerian crude discounts deepen with no buyers emerging.
From
Reuters
via
gCaptain
Trump Warns of Higher Tariffs for Countries That ‘Play Games’ After Court Ruling
President Donald Trump on Monday said any countries that wanted to "play games" after a key U.S. Supreme Court tariff ruling that they would face much higher tariffs.
From
Bloomberg
via
gCaptain
First Indian Diesel Cargo Arrives in Europe After New Russian Sanctions Take Effect
The Proteus Bohemia carrying 100,000 tons of diesel from India's Reliance facility has arrived in Rotterdam, the first such cargo since EU sanctions on Russian-sourced fuel took effect Jan. 21, testing trader confidence in the new rules.
From
Mike Schuler
via
gCaptain
Austal Lands $2.8B Deal to Build Australia’s New Heavy Landing Craft Fleet
Austal Limited has secured a A$4 billion (USD $2.82 billion) contract from the Commonwealth of Australia to build eight 100-meter Landing Craft Heavy vessels, marking one of the largest naval shipbuilding...
From
Austin Schroeder
via
Barchart
Soybeans Bouncing from Early Monday Losses at Midday
Soybeans are trading with gains of 3 to 4 cents across most contracts on Monday. The cmdtyView national average Cash Bean price is up 3 cents at $10.75 1/4. Soymeal futures are up 20 to 80 cents in the front months, with. Soy Oil futures up 65 to 75 points....
From
Austin Schroeder
via
Barchart
Corn Higher at Midday
Corn futures are posting 1 to 3 cent gains across most contracts so far on Monday. The CmdtyView national average Cash Corn price is up 1 1/4 cent to $3.96 3/4. USDA reported a private export sale of 125,000 MT of corn to Colombia this morning. Monday morning’s Export Inspections...
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Darin Newsom
via
Barchart
Who's Buying US Soybeans? (2024 Edition)
In what has become an annual event, I take a look at the US soybean market supply and demand situation.
From
Mike Schuler
via
gCaptain
Trump Nominates Wall Street Veteran John Phelan as Navy Secretary
President-elect Donald Trump has nominated John Phelan, a prominent figure in private investment and art who has no prior military experience, as the next Secretary of the Navy. In his...
From
Austin Schroeder
via
Barchart
Wheat Closes with Mostly Higher Trade
Wheat found some strength to pull out a Turnaround Tuesday bounce at the close. Chicago SRW futures were up fractionally to 3 ¾ cents in most contracts with a few deferreds down ½ cent. KC HRW contracts were 1 ¾ t 4 cents lower on the session. MPLS spring wheat...
From
Austin Schroeder
via
Barchart
Soybeans Come Back to Close Mixed
Soybeans settled the Tuesday session with nearby contracts down ¼ to 2 ¼ and the rest of the board up 1 to 2 ½ cents. CmdtyView’s national front month Cash Bean price was down 2 1/4 cents at $9.33. Soymeal futures were down $1.60 to $5.60/ton on the day. Soy...
From
Austin Schroeder
via
Barchart
Corn Breaks Lower on Tuesday
Corn futures were down 1 ¼ to 5 cents across the board on Tuesday, as trade tensions played a larger role on the day. The national average Cash Corn price from cmdtyView was down 5 1/2 cents at $3.96 1/4 per bu. EIA data will be released on Wednesday morning,...
From
Oliver Sloup
via
Barchart
Markets Digest Tariff Talk, Finishing the Day Mixed
Grain markets were lower in the overnight trade after President Elect Donald Trump brought up potential tariffs on Mexico and Canada. The markets digested that news and finished the day mixed.
From
Mike Schuler
via
gCaptain
Tankers, Chinese Firms in the Crosshairs as EU Shores Up Sanctions on Russian Oil Revenues
European Union envoys will discuss a 15th package of sanctions on Wednesday in response to Russia's 2022 invasion of Ukraine, including on tankers carrying Russian oil and Chinese firms involved in making drones for Moscow, EU diplomats said.
From
Mike Schuler
via
gCaptain
Eni and MSC Forge Landmark Partnership to Accelerate Sustainable Fuels
Energy giant Eni and global shipping leader MSC Group have signed a groundbreaking memorandum of understanding to advance their joint pursuit of sustainable shipping and energy transition initiatives. The collaboration...
From
Mike Schuler
via
gCaptain
Austal Tapped to Build Australia’s New Heavy Landing Craft
Austal Limited (ASX: ASB) has been selected to construct eight Landing Craft Heavy vessels based on Damen’s Landing Ship Transport 100 (LST100) design. The vessels will be built at the...
From
Austin Schroeder
via
Barchart
Wheat Back Near Unchanged at Midday
Wheat is fading off the early Turnaround Tuesday bounce, with the three exchanges back near unch at midday. Chicago SRW futures are down 1 to 2 cents in the nearbys. KC HRW contracts are steady to 3 cents lower on the session. MPLS spring wheat is down 4 to fractionally...
From
Austin Schroeder
via
Barchart
Soybeans Bulls Failing to Hold on Tuesday
Soybeans are showing losses of 3 to 6 cents so far on Tuesday’s midday, with contracts facing some trade pressure. CmdtyView’s national front month Cash Bean price is down 6 cents at $9.29 1/4. Soymeal futures are down $5.90/ton so far on the day. Soy Oil futures are back up...