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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
Wheat Weaker at Friday’s Midday
The wheat complex is continuing the weaker trend on Friday, with contracts down across the three markets. Chicago SRW futures are down 2 to 4 cents so far on the day. Kansas City HRW contracts are 8 to 10 cents lower at the midday part of the session. MPLS spring...
From
Austin Schroeder
via
Barchart
Corn Bulls Fighting Back on Friday
Corn futures are up 3 to 5 cents in most nearby contracts on Friday. New crop December is weighed down by bean losses as they try not to attract too many more acres. The CmdtyView national average Cash Corn price is up 4 3/4 cents on the day at $4.33...
From
Austin Schroeder
via
Barchart
Soybeans Falling on Chinese Tariffs
The soybean market is trading with Friday losses of 24 to 26 cents in the nearby contracts CmdtyView’s national front month Cash Bean price is down 25 1/4 cents at $9.30. Soymeal futures were down $3.20/ton, with Soy Oil futures back down 1390 points. In response to President Trump’s reciprocal...
From
Reuters
via
gCaptain
China Hits Back Hard in Global Trade War With Tariffs on US Goods
China announced additional tariffs of 34% on U.S. goods on Friday, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession and triggered a global stock market rout.
From
gCaptain
via
gCaptain
Tankers International: VLCC Market Faces a Mirage of Growth as Ageing Fleet Drags Down Supply
VLCC specialist Tankers International is projecting effective vessel supply growth of only 1% in the next three years due to the declining usable capacity of a rapidly-ageing global VLCC fleet.
From
Mike Schuler
via
gCaptain
IMO’s Historic Carbon Pricing Framework for Global Shipping Enters Final Negotiation Phase
The International Maritime Organization (IMO) is on the cusp of implementing the world’s first global emissions pricing system for any sector, as negotiations enter their final stage at the Marine...
From
Reuters
via
gCaptain
China Hits Back at US Tariffs With Rare Earth Export Controls
China placed export restrictions on key rare earth elements on Friday as part of its sweeping response to President Donald Trump's tariffs, potentially squeezing supply to the U.S. and the West of minerals vital to everything from defense to electric cars.
From
Darin Newsom
via
Barchart
Is the US Soybean Market Great Again?
Regardless of how one views the US soybean market, there are a number of fundamental factors that shed light on the situation.
From
Bloomberg
via
gCaptain
Russian Oil Stuck On India-Banned Ship Finds New Tanker
A cargo of Russian crude that was on a ship rejected by Indian port authorities is now being transferred to another tanker, ship-tracking data show, a sign of how traders are finding ways to skirt regulatory hurdles to keep sensitive freight moving.
From
Austin Schroeder
via
Barchart
Soybeans Collapsing on Tariff Response
Soybeans are posting another round of sharp losses on Friday morning, with contracts down 22 to 25 cents following an overnight Chinese response. They closed the Thursday session with losses of 18 to 20 cents after a gap lower at the open. Preliminary open interest data suggested net new selling,...
From
Austin Schroeder
via
Barchart
Corn Leaking Lower on Risk Off Ahead of Weekend
Corn futures are trading with early 5 to 7 cent losses on Friday morning in sympathy with the bean market and a risk off approach heading into the weekend. Bulls pushed back on Thursday, coming off overnight lows and closing with front months fractionally mixed and new crop December down...
From
Austin Schroeder
via
Barchart
Wheat Weaker to Start Friday
The wheat complex is showing early losses across the front months on Friday. Futures closed mixed across the three exchanges on Thursday. Chicago SRW futures were down 2 to 4 cents to close out the day. Kansas City HRW contracts were fractionally to 2 cents in the green on the...