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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
Austin Schroeder
via
Barchart
Soybeans Slip Lower to Post Monday Losses
Soybeans closed with Monday losses of 2 to 4 cents in the nearbys. Some deferreds held up. The cmdtyView national average Cash Bean price was down 3 1/4 cents at $10.69. Soymeal futures were down $1 to $2.50 in the front months, with. Soy Oil futures up 47 to 61...
From
Austin Schroeder
via
Barchart
Corn Holds Steady on Monday
Corn futures saw contracts close steady to fractionally higher gains across most contracts on Monday. The CmdtyView national average Cash Corn price was unchanged to $3.94 1/2. USDA reported a private export sale of 125,000 MT of corn to Colombia this morning. Monday morning’s Export Inspections report showed 2.05 MMT...
From
Austin Schroeder
via
Barchart
Wheat Falls on Monday
The wheat complex failed to extend the gains to Monday, as all three markets were lower. Chicago SRW futures closed 4 to 7 cents in the red to start the week. KC HRW futures were down 12 to 13 cents in the front months on Monday. MPLS spring wheat closed...
From
Mike Schuler
via
gCaptain
EU Extends Red Sea Naval Mission to 2027
The European Union is keeping its warships in the Red Sea. EU member states have agreed to extend EUNAVFOR ASPIDES through February 28, 2027, allocating nearly €15 million to continue protecting commercial shipping in a...
From
Chris Swift
via
Barchart
Shootin' the Bull about changes taking place in cattle production.
The loss of Mexican cattle to produce has come home to roost.
From
Malte Humpert
via
gCaptain
Too Much Ice and Too Little Draft: The Harsh Reality Facing a U.S. Hospital Ship Mission to Greenland
President Trump’s proposal to dispatch a U.S. hospital ship to Greenland would run into a combination of environmental and logistical hurdles that make such a mission impractical in February or March, when Arctic sea ice typically reaches its maximum annual extent.
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From
Mike Schuler
via
gCaptain
MAIB: Fatal Mooring Line Accident Reveals Gaps in Safety Protocols
U.K. Marine Accident Investigation Branch (MAIB) has released its report into a fatal accident** aboard the Isle of Man-registered bulk carrier Mona Manx, revealing a series of safety lapses that...
From
Austin Schroeder
via
Barchart
Soybeans Failing to Push Higher on Positive Export Data
Soybeans are failing to get much upside reaction to the export business announced this morning or the better than expected Export Sales report. Futures are down 12 to 14 cents at midday an near the intraday lows. CmdtyView’s national front month Cash Bean price is down 12 1/4 cents at...
From
Austin Schroeder
via
Barchart
Wheat Heading Lower on Thursday Amid Dollar Pressure
The three wheat markets are heading lower so far on Thursday, with the US dollar index hitting a 1 year high. Chicago SRW futures are down 1 to 2 cents across the nearbys. KC HRW contracts are closing with losses of 5 to 6 cents at midday. MPLS spring wheat...
From
Austin Schroeder
via
Barchart
Corn Sliding at Midday, as Export Business as Expected
Corn is facing some midday pressure on Thursday as contracts are down 3 to 4 cents at midday. The national average Cash Corn price from cmdtyView was down 3 1/4 cents at $4.03 1/2 per bu. Export Sales data from this morning showed a total of 1.495 MMT of 2024/25...
From
Mike Schuler
via
gCaptain
VARD Secures Major Contract for Five Advanced Walk-to-Work Vessels in Offshore Energy Sector
VARD has secured a contract to design and construct five state-of-the-art Walk-to-work vessels for an international client. The vessels, based on the VARD 3 32 design, will serve offshore platforms...
From
Mike Schuler
via
gCaptain
US Ports Sector Outlook Stable for 2025 Despite Economic Headwinds, Moody’s Reports
The US ports sector is poised for a year of modest growth in 2025, according to a recent Moody’s Ratings report. Despite facing economic challenges, the industry’s outlook remains stable,...
From
Reuters
via
gCaptain
Container Shipping Hedges Green Transition With Dual-Fuel Vessel Orders
Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe.
From
Mike Schuler
via
gCaptain
Adani Group Chairman Indicted in $250 Million Bribery Scandal
Gautam S. Adani, chairman of the Adani Group and a key figure in India’s ports and shipping sector, has been indicted along with seven other senior business executives in connection...
From
Reuters
via
gCaptain
U.S. Sets Up Task Force to Back Philippines in South China Sea
The U.S. military is supporting Philippine operations in the South China Sea via a special task force, a U.S. embassy official said on Thursday, an initiative Manila said involves intelligence, surveillance and reconnaissance.
From
Mike Schuler
via
gCaptain
Australia Bans Dutch Cargo Ship for 180 Days Over Repeated Safety Violations
The Australian Maritime Safety Authority (AMSA) has issued a 180-day ban on the Netherlands-flagged general cargo ship Marsgracht, prohibiting its entry into Australian ports. The action comes in response to recurring...
From
Mike Schuler
via
gCaptain
UK Cracks Down on Russian Oil Sanctions Evasion: New Advisory Targets Falsified Origin Certificates
The UK’s sanctions enforcement agency said it has identified cases where falsified documents are being used to evade a Group of Seven price cap on Russian oil exports.
From
Austin Schroeder
via
Barchart
Soybeans Sticking Near Unchanged to Start Thursday
Soybeans are showing fractional to 1 cent losses across mots contracts on Thursday morning. They continued to see weakness on Wednesday as contracts posted losses of 4 ½ to 19 ¼ cents. CmdtyView’s national front month Cash Bean price was down 7 1/12 cents at $9.39. Soymeal futures were up...