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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
Shippers Caught in the Crossfire of Trump’s ‘Liberation Day’ Tariff Blitz
Sweeping new ‘Liberation Day’ tariffs set to be announced by President Donald Trump could significantly transform global shipping patterns, though experts predict limited immediate impact on near-term liner freight rates....
From
Reuters
via
gCaptain
Trump to Impose Sweeping ‘Liberation Day’ Tariffs, Escalating Global Trade Tensions
WASHINGTON/DUBLIN, April 2 (Reuters) – President Donald Trump proclaimed “Liberation Day” in the United States on Wednesday as he prepared to impose sweeping new tariffs that would escalate a trade war with global partners, increase prices...
From
Mike Schuler
via
gCaptain
APM Terminals Acquires Panama Canal’s ‘Land Bridge’ Railway
APM Terminals, the terminal operating division of AP Moller-Maersk, has acquired the Panama Canal Railway Company (PCRC) from Canadian Pacific Kansas City Limited and the Lanco Group/Mi-Jack, significantly expanding its...
From
Bloomberg
via
gCaptain
China Ship Sales Collapse as Industry Sweats Over US Ports Plan
Shipping companies have all-but stopped buying dry bulk commodity carriers that were built in China as the industry waits to see if President Trump will press ahead with historic port charges on vessels constructed in the Asian country.
From
Austin Schroeder
via
Barchart
Wheat Slipping Back Lower on Wednesday Morning
The wheat complex is showing mostly lower trade on Wednesday morning across the three exchanges. Wheat held gains into Tuesday’s close, as contracts were following up the Monday strength on the acreage cut. Chicago SRW futures were 3 to 4 cents higher on the day. Kansas City HRW contracts were...
From
Austin Schroeder
via
Barchart
Soybeans Slipping Back Lower on Wednesday Morning
Soybeans are starting out Wednesday trade with contracts down 3 to 4 cents across most contracts. The market rallied hard on Tuesday, following the bean oil gains. Contracts were up 19 to 22 cents at the close. Preliminary open interest was down 6,523 contracts on Tuesday suggesting some short covering....
From
Austin Schroeder
via
Barchart
Corn Falling Ahead of Liberation Day Tariffs
Corn price action is starting off the Wednesday session with contracts down 4 ½ to 7 cents lower, as President Trump is set to roll out tariffs on what he has labeled Liberation Day. Futures started off April with contracts 4 to 8 cents higher across most contracts. Preliminary open...
From
Reuters
via
gCaptain
Shipping Firm Maersk Expects Continued US Growth But Warns of Rising Uncertainty
By Stine Jacobsen COPENHAGEN, April 2 (Reuters) – Danish shipping company Maersk has benefited from robust U.S. demand so far this year and expects that to continue, though the outlook could be clouded by U.S....
From
Austin Schroeder
via
Barchart
Corn Rallies on April Fool’s Day
Corn futures started off April with contracts 4 to 8 cents higher across most contracts. New crop contracts led the way, as rains in the forecast may limit any early planting. The CmdtyView national average Cash Corn price was up 7 ¾ cents on the day at $4.31 1/4. Monthly...
From
Austin Schroeder
via
Barchart
Wheat Hold Higher at Tuesday’s Close
Wheat held gains into Tuesday’s close, as contracts were following up the Monday strength on the acreage cut. Chicago SRW futures were 3 to 4 cents higher on the day. Kansas City HRW contracts were 6 to 9 cents in the green at the close. MPLS spring wheat was up...
From
Austin Schroeder
via
Barchart
Soybeans Post Double-Digit Gains on Bean Oil Strength
The soybean market rallied hard on Tuesday, following the bean oil gains. Contracts were up 19 to 22 cents at the close. CmdtyView’s national front month Cash Bean price was down 21 3/4 cents at $9.79. Soymeal futures were mixed, with contracts up a dime to down 70 cents/ton. with...
From
Jim Wyckoff
via
Barchart
Monday’s Grain Price Action Following Key USDA Data Reveals Compelling Clues
The recent USDA report gives traders valuable clues for where grains are headed in the coming weeks and months.