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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
Mike Schuler
via
gCaptain
Loss of New Zealand Navy Ship Linked to Training Deficiencies, Autopilot Confusion
The Royal New Zealand Navy released its final Court of Inquiry report today detailing the circumstances that led to the loss of HMNZS Manawanui, which ran aground and subsequently sank...
From
Austin Schroeder
via
Barchart
Soybeans Close with Losses on Tariff Risks
Soybeans closed the Thursday session with losses of 18 to 20 cents after a gap lower at the open. CmdtyView’s national front month Cash Bean price is down 17 3/4 cents at $9.54 1/4. Soymeal futures were up 40 cents $2.40/ton, with Soy Oil futures back down 109 to 144...
From
Austin Schroeder
via
Barchart
Wheat Closes Mixed on Thursday
Wheat futures took back most of the overnight weakness, with contracts closing mixed across the three exchanges. 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 day. MPLS spring wheat posted...
From
Austin Schroeder
via
Barchart
Corn Closes With Mixed Action on Thursdays
Corn bulls pushed back on Thursday, coming off overnight lows and closing with front months fractionally mixed and new crop December down 1 ¼ cents. are well off their overnight lows. The CmdtyView national average Cash Corn price was down 1/4 cent on the day at $4.27 1/4. Wednesday’s “Liberation...
From
Ira Breskin
via
gCaptain
‘Worse Than Covid’: Trump’s Port Fee Plan Could Upend U.S. Shipping Schedules
Shipping industry executives are considering options to address Trump administration policy changes, under consideration or enacted, that could significantly disrupt operations, speakers said here this week at the 40th annual Connecticut Maritime Association annual meeting.
From
Ben DiCostanzo
via
Barchart
Cattle Markets Crash
Tariff news pressures markets as recession fears build
From
Mike Schuler
via
gCaptain
Seaspan Cuts Steel on Advanced Polar Icebreaker for Canadian Coast Guard
Seaspan Shipyards began construction today on what will become the most capable vessel in the Canadian Coast Guard’s fleet – a new heavy polar icebreaker, marking the country’s first such...
From
Chris Swift
via
Barchart
Shootin' the Bull about a great deal of volatility
A great deal of reality versus expectations will be played out over the next couple of weeks.
From
Oliver Sloup
via
Barchart
Grain Markets Mixed Despite Outside Market Volatility
Grain markets opened lower but found their footing to finish the session off the lows, with corn and wheat spending some time in positive territory.
From
Mike Schuler
via
gCaptain
Trump’s ‘Liberation Day’ Tariffs Spark Global Shipping Industry Concerns
President Trump’s newly announced tariff increases are expected to significantly impact global shipping patterns and container rates, with industry leaders warning of far-reaching consequences for maritime trade. The tariffs, announced...
From
Reuters
via
gCaptain
Global Trade Braces for Impact After Trump’s Tariff Bombshell
President Donald Trump's sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an escalating trade war that threatens to shake up global alliances.
From
Austin Schroeder
via
Barchart
Wheat Seeing Green at Thursday’s Midday
The wheat market has taken back all the overnight losses across the three exchanges. Chicago SRW futures are back up 1 to 2 cents so far on the day. Kansas City HRW contracts are 2 to 3 cents in the green at midday. MPLS spring wheat is trading with 1...