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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
Reuters
via
gCaptain
Iran Nears Deal to Buy Supersonic Anti-Ship Missiles from China
Iran is close to a deal with China to purchase anti?ship cruise missiles, according to six people with knowledge of the negotiations, just as the United States deploys a vast naval force near the Iranian coast ahead of possible strikes on the Islamic Republic.
From
Bloomberg
via
gCaptain
UK Targets Russian Oil Fleet With Biggest Sanctions Hit in Years
The UK government announced new sanctions on Russia’s so-called shadow oil fleet as it ramped up efforts to squeeze energy revenues funding the Kremlin’s war in Ukraine.
From
Malte Humpert
via
gCaptain
Jiangnan Shipyard Secures Nuclear Equipment License, Hinting at Momentum for China’s Maritime Reactor Projects
China’s nuclear regulator has granted Jiangnan Shipyard (Group) Co., Ltd. approval to manufacture and install key civil nuclear safety equipment, a move that could signal progress on a new generation of nuclear-powered maritime platforms, from experimental container ships to polar icebreakers.
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...
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From
Mike Schuler
via
gCaptain
Container Shipping Industry Sees Exponential Profit Surge Driven by Red Sea Situation
The container shipping industry has experienced a remarkable turnaround in the third quarter of 2024, with total net income soaring to $26.8 billion, marking a staggering 164% increase from the...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Bullish Natural Gas and Looking for a Big Move in the Feeders
From
Chris Swift
via
Barchart
Shootin' the Bull about the next shoe to drop
Well, it appears at the close today that both longs and shorts, and those wanting to be long or short, of those not wanting to be long or short, were collectively holding their breath for the next shoe to drop.
From
Mike Schuler
via
gCaptain
Cargo Surge Continues at Port of Los Angeles
The Port of Los Angeles handled an unprecedented 905,026 Twenty-Foot Equivalent Units (TEUs) in October—marking a significant 25% increase from the previous year and the first time the port has...
From
Mike Schuler
via
gCaptain
Seaspan Energy Secures First LNG Bunkering Accreditation at Port of Vancouver
Seaspan Energy has received the first-ever liquefied natural gas (LNG) bunkering accreditation from the Vancouver Fraser Port Authority (VFPA). This landmark authorization enables Seaspan to conduct ship-to-ship LNG bunkering for...
From
Austin Schroeder
via
Barchart
Soybeans Off the Lows, Still Showing Midday Weakness
Soybeans are facing continued weakness, with pressure coming from oil this time, as contracts are down 4 to 5 cents at midday. CmdtyView’s national front month Cash Bean price is down 3 3/4 cents at $9.43 3/4. The products were back to lower trade on the day to add pressure....
From
Austin Schroeder
via
Barchart
Corn Turning Higher at Midday
The corn market is rallying off early session lows on Wednesday, with contracts up 2 to 4 cents so far at midday. The national average Cash Corn price from cmdtyView is up 4 1/4 cents at $4.09 per bu. EIA data from this morning showed ethanol production backing off modestly...
From
Austin Schroeder
via
Barchart
Wheat Showing Midday Strength
The wheat complex continues to extend higher as the Black Sea tensions remain high, as all three markets are higher. Chicago SRW futures are up 4 to 6 cents across the nearbys, KC HRW contracts are posting gains of 6 to 7 cents on the session. MPLS spring wheat is...
From
Reuters
via
gCaptain
Danish Navy Staying With Chinese Ship Suspected of Severing Baltic Sea Cables
The Danish military said on Wednesday that it was staying close to a Chinese ship currently sitting idle in Danish waters, days after two fiber-optic data telecommunication cables in the Baltic Sea were severed.
From
Mike Schuler
via
gCaptain
ZIM Rewards Investors with Massive Dividend Payout
Israeli shipping line ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) has reported stellar third-quarter results for 2024 amid record volumes and higher container freight rates. The company’s performance not only...
From
Mike Schuler
via
gCaptain
UK Defence Secretary Announces Major Naval Decommissions in Sweeping Defence Overhaul
UK Defence Secretary John Healey has announced the decommissioning of several naval vessels as part of a broader defence reform strategy. The decision, revealed in a statement to the House...
From
Reuters
via
gCaptain
Kremlin Says ‘Absurd’ to Suggest Russia Involved in Baltic Sea Cable Damage
Russia dismissed as "absurd" on Wednesday any suggestion that it had been involved in damage caused at the weekend to two fiber-optic data telecommunication cables in the Baltic Sea.