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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...
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Austin Schroeder
via
Barchart
Corn Fall on Wednesday as Liberation Day Tariffs Announced
Corn futures closed the midweek session with contracts fractionally lower in some new crop months to as much 4 cents in the red for nearbys. The CmdtyView national average Cash Corn price was down 3 3/4 cents on the day at $4.27 1/2. President Trump’s “Liberation Day” tariffs came with...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
New Seasonal/Contract Highs for the Fats - Now Can It Break. Soybean Oil Making New Contract Highs as Well.
From
Mike Schuler
via
gCaptain
Trump Drops Tariff Bomb On All U.S. Imports and Higher Reciprocal Rates
President Donald Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners, in a move that ratchets up a trade war that he kicked off on his return to the White House.
From
Sean Lusk
via
Barchart
Grain Spreads: Funds Potentially Record Short Meal
Over 100K Net Short Possible
From
Mike Schuler
via
gCaptain
IMO Prepares to Finalize Decarbonization Framework That Could Reshape Global Shipping
The International Maritime Organization (IMO) is preparing to finalize crucial greenhouse gas (GHG) reduction measures at its upcoming Marine Environment Protection Committee meeting (MEPC 83) in London. The high-stakes meeting,...
From
Mike Schuler
via
gCaptain
Stena Immaculate Crew Praised After Fiery Collision at Anchor
The crew of the U.S.-flagged tanker Stena Immaculate demonstrated exceptional professionalism when their vessel was struck by the containership Solong off Britain’s east coast on March 10, preventing what could...
From
Austin Schroeder
via
Barchart
Soybeans Still Weaker on Wednesday
Soybeans are trading with midday weakness on Wednesday, as contract are down 2 to 6 cents. CmdtyView’s national front month Cash Bean price is down 6 1/4 cents at $9.72 ¾. Soymeal futures are down$4.50/ton, with Soy Oil futures up another 79 points so far on the day. USDA reported...
From
Austin Schroeder
via
Barchart
Wheat Mixed at Midday
Wheat is trading with mixed action on Wednesday. Chicago SRW futures are posting midday losses of 1 to 2 cents. Kansas City HRW contracts are trading with 3 to 5 cent gains so far. MPLS spring wheat is 1 to 2 cents lower at midday. USDA’s Export Sales report is...
From
Austin Schroeder
via
Barchart
Corn Off Early Lows at Midday
Corn futures are weaker on Wednesday’s midday, with contracts down 1 to 4 ¼ cents lower. Futures are off the early lows. The CmdtyView national average Cash Corn price is down 4 1/4 cents on the day at $4.27. President Trump is set to roll out tariffs later this afternoon...
From
Mike Schuler
via
gCaptain
OFAC Targets Russia-Houthi Grain Smuggling Ship
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has designated multiple entities and individuals involved in a maritime smuggling operation that transported stolen Ukrainian grain and weapons from Russia...
From
Bloomberg
via
gCaptain
Maersk Family Bids $1.3 Billion to Reclaim Full Control of Svitzer
The Maersk billionaire family offered to buy Svitzer Group A/S in a deal valuing the tug operator at about 9 billion kroner ($1.3 billion), just one year after it had listed on the stock market.
From
Reuters
via
gCaptain
Firm Issued Fake Insurance for Russian Oil Tankers, Norway’s FSA Says
The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was bogus, according to Norwegian authorities now investigating the small firm behind the forged documents.