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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
Wheat Pulling Back on Tuesday
Wheat is trading with Tuesday morning losses, as the KC market is the weakest. 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. Open interest was down 9,877...
From
Austin Schroeder
via
Barchart
Corn Starting Tuesday Trade within a Penny of Unchanged
Corn price action is fractionally mixed on Tuesday morning. Futures saw contracts close steady to fractionally higher gains across most contracts on Monday. Preliminary open interest was down 39,395 contracts on Monday, much of that in March, dropping 67,295 contracts. May was up 20,505 contracts. The CmdtyView national average Cash...
From
Austin Schroeder
via
Barchart
Soybeans Easing Back on Tuesday Morning
Soybeans are trading with 3 to 4 cent front month losses so far on Tuesday morning. Futures closed with Monday losses of 2 to 4 cents in the nearbys. Some deferreds held up. Open interest was down 9,956 contracts overall, with March down 36,209 contracts ahead of first notice day...
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...
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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.
From
Reuters
via
gCaptain
Netherlands to Hire Private Security Firms for North Sea Infrastructure Amid Russian Threats
AMSTERDAM, Nov 20 (Reuters) – The Netherlands plans to temporarily enlist additional personnel and equipment from private companies to strengthen security in its part of the North Sea, the Defence Ministry said on Wednesday,...
From
Mike Schuler
via
gCaptain
USCG Cutter Munro Seizes $335M Worth of Cocaine in Eastern Pacific
In a significant blow to drug traffickers, the crew of Coast Guard Cutter Munro (WMSL 755) has successfully intercepted and offloaded more than 29,000 pounds of cocaine, valued at an...
From
Oliver Sloup
via
Barchart
Grain Markets Retreat Overnight
Grain markets were mostly lower in Tuesday's trade which has led to additional weakness into the Wednesday morning trade. More weakness to come ahead of Friday's options expiration?
From
Austin Schroeder
via
Barchart
Soybeans Extend Tuesday Weakness into Wednesday AM Trade
Soybeans are down 7 to 9 cents across most front months on Wednesday, with the products pressuring things again overnight. The soybean market gave back most of Monday’s gains on Tuesday, as contracts turned around for losses of 4 ¾ to 11 ¼ cents across the board. Preliminary open interest...
From
Austin Schroeder
via
Barchart
Wheat Pulling Back on Wednesday AM
Wheat is facing some pressure to kick off the midweek session, as all three markets are lower. The wheat complex extended the recent strength into Tuesday’s close, as escalating tensions in the Black Sea have given a short covering opportunity. Chicago SRW futures were up 2 to 3 cents across...
From
Austin Schroeder
via
Barchart
Corn Slipping Lower on Wednesday Morning
The corn market is facing weakness as we trade through Wednesday morning. Corn futures faced some Tuesday turnaround pressure, as contracts closed with 1 ¼ to 2 cent losses across the board. Preliminary interest continues to dip in the December contract, 3down another 27,847 contracts ahead of options expiration on...
From
Malte Humpert
via
gCaptain
Chinese Vessel Suspected in Cable Incident Remains Stopped with Danish Navy Alongside
Chinese bulk carrier Yi Peng 3 remains stopped in the Danish Straits with a Navy patrol ship in close proximity. The vessel is suspected of being involved in the damage...
From
Darin Newsom
via
Barchart
Has the Global Wheat Market Changed?
The spotlight has turned to global wheat markets this week as the situation in the Black Sea region of the world intensifies.
From
Austin Schroeder
via
Barchart
Wheat Gains Hold into Tuesday’s Close
The wheat complex extended the recent strength into Tuesday’s close, as escalating tensions in the Black Sea have given a short covering opportunity. Chicago SRW futures were up 2 to 3 cents across the board, pulling back off the midday highs. KC HRW contracts posted gains of 2 ½ to...