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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...
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From
Austin Schroeder
via
Barchart
Soybeans Extending Gains Despite Overnight Tariff Hike
Soybeans are trading with Friday morning gains of 2 to 6 cents across most contracts. The soybean market posted Thursday gains of 7 to 17 cents across most contracts at the close, following the USDA data release. Preliminary open interest was down 19,148 contracts. CmdtyView’s national front month Cash Bean...
From
Austin Schroeder
via
Barchart
Corn Sneaking Out Gains on Friday Morning
The corn market is showing 2 to 3 cent gains across most contracts on Friday morning. Corn futures continued to rally on Thursday after the USDA data released, with front months leading the way with 7 to 9 cent gains. New crop was up 3 to 4 cents. Preliminary open...
From
Darin Newsom
via
Barchart
Is New Buying Driving the Rally in Soybean Futures?
While this week's rally in the soybean futures market has been impressive, and certainly got a lot of folks excited, has the market actually turned bullish?
From
Nick Ehrenberg
via
Barchart
Corn Short Term Trend Turns Positive, New 504.75 Target
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
From
Austin Schroeder
via
Barchart
Wheat Falls as USDA Raises Stocks Estimate
The wheat complex gave into the bears on Thursday, falling lower across the three exchanges, as the USDA was a little more bearish this morning. Chicago SRW futures were back down 2 to 5 cents in the front months. Kansas City HRW contracts were 7 to 10 cents lower on...
From
Austin Schroeder
via
Barchart
Soybeans Extend Rebound on Thursday
The soybean market posted Thursday gains of 7 to 17 cents across most contracts at the close, following the USDA data release. CmdtyView’s national front month Cash Bean price was up 17 cents at $9.76 3/4. Soymeal futures were up $2.10to $3.50/ton, with Soy Oil futures closing 4 to 13...
From
Austin Schroeder
via
Barchart
Corn Rallies As USDA Cuts Stock Estimate
Corn futures continued to rally on Thursday post-USDA data released, with front months leading the way with 7 to 9 cent gains. New crop was up 3 to 4 cents. The front month CmdtyView national average Cash Corn price was up 9 1/4 cent at $4.55 3/4. Export Sales data...
From
Mike Schuler
via
gCaptain
U.S. Treasury Exposes UAE-Based Iranian Oil Smuggling Fleet, Sanctions 30 Tankers
The U.S. Department of the Treasury has unveiled sanctions against a sophisticated maritime network responsible for smuggling hundreds of millions of dollars worth of Iranian petroleum, targeting UAE-based shipping magnate...
From
Chris Swift
via
Barchart
Shootin' the Bull about Feed Yards
Finally, feed yards and cattle feeders may be taking matters into their own hands. Lower bids are surfacing at sale barns. This will help, but if some rumors of feed yards cutting a percentage of capacity is true, that would do more good than anything to lower the price of feeder cattle.
From
Oliver Sloup
via
Barchart
Grain Markets Rally Post WASDE, While Cattle Retreat with Outside Markets
Grain markets were mostly higher in Thursday’s trade following a fairly friendly report, for corn in particular. Cattle futures continued to struggle in the midst of a risk off trade in the outside markets
From
Mike Schuler
via
gCaptain
Trump Executive Order Echoes SHIPS Act in Bid to Reclaim Maritime Dominance
President Donald Trump signed an executive order on Wednesday aimed at revitalizing the U.S. maritime and shipbuilding industries to counter China’s dominance in the sectors. The executive order aligns with...
From
Austin Schroeder
via
Barchart
Soybeans Extending Gains on Thursday
Soybeans are holding onto the Thursday gains, as contracts are up 6 to 12 cents so far at midday. CmdtyView’s national front month Cash Bean price is up 11 cents at $9.70 3/4. Soymeal futures are up $1.30/ton, with Soy Oil futures 9 points lower. USDA reported 2024/25 soybean sales...