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.

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EIA Sees Weak Global Oil Demand Limiting Price Spike from Hormuz Disruption
News
June 9, 2026
From 
Mike Schuler
 via 
gCaptain

EIA Sees Weak Global Oil Demand Limiting Price Spike from Hormuz Disruption

The U.S. Energy Information Administration (EIA) has lowered its outlook for global oil demand in 2026, saying weaker consumption could help cap oil price increases even as disruptions continue to...
Billion-Dollar USV Builder Saronic Scores Operational Milestone in Oman Rescue
News
June 9, 2026
From 
Mike Schuler
 via 
gCaptain

Billion-Dollar USV Builder Saronic Scores Operational Milestone in Oman Rescue

A U.S. Navy-operated autonomous surface vessel (ASV) built by Saronic rescued two U.S. Army aviators after their AH-64 Apache helicopter crashed off the coast of Oman, marking what appears to...
IMO Chief Warns No Safe Passage Exists in Hormuz Despite Rising Traffic Claims
News
June 9, 2026
From 
Mike Schuler
 via 
gCaptain

IMO Chief Warns No Safe Passage Exists in Hormuz Despite Rising Traffic Claims

The head of the International Maritime Organization (IMO) has issued one of his strongest warnings yet on conditions in the Strait of Hormuz, saying the waterway remains too dangerous for...
U.S. Energy Secretary Says Ship Traffic Through Hormuz Increasing ‘Meaningfully’
Shipping
June 9, 2026
From 
Reuters
 via 
gCaptain

U.S. Energy Secretary Says Ship Traffic Through Hormuz Increasing ‘Meaningfully’

U.S. Energy Secretary Chris Wright said on Tuesday that ship traffic in the Gulf and oil exports through the Strait of Hormuz are rising even as Washington and Tehran struggle to reach a deal on ending their more than three-month-old war.
EU Unveils 21st Russia Sanctions Package Targeting Shadow Fleet, Banks, LNG Tankers
News
June 9, 2026
From 
Mike Schuler
 via 
gCaptain

EU Unveils 21st Russia Sanctions Package Targeting Shadow Fleet, Banks, LNG Tankers

The European Commission on Tuesday proposed a sweeping 21st package of sanctions against Russia, targeting the country’s financial sector, shadow fleet operations, energy exports, and military supply chains as Brussels...
Russia Holds Naval Drills in Baltic Sea During Major NATO Exercises
Defense
June 9, 2026
From 
Reuters
 via 
gCaptain

Russia Holds Naval Drills in Baltic Sea During Major NATO Exercises

Russia's navy has conducted military drills in the Baltic Sea, practicing unguided missile launches, bombing runs and missile strikes, it said, as major U.S.-NATO exercises also took place in the region, the Interfax news agency reported on Tuesday.

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Corn Slipping Back on Tuesday Morning
Grain
May 5, 2026
From 
Austin Schroeder
 via 
Barchart

Corn Slipping Back on Tuesday Morning

Corn prices are down 1 to 3 ¼ cents as the market kicks of Tuesday trade. Futures posted gains of 5 ¼ to 6 ¾ cents at the Monday close. New buying interest was noted, up 36,880 contracts, mainly in the July (11,705) and December (15,990). There were 35 deliveries...
US-Iran Ceasefire Holds After Hormuz Clashes and UAE Strikes
News
May 5, 2026
From 
Bloomberg
 via 
gCaptain

US-Iran Ceasefire Holds After Hormuz Clashes and UAE Strikes

The fragile US-Iran ceasefire held Tuesday morning after a day of clashes involving shipping in the Strait of Hormuz and missile attacks against the United Arab Emirates.
Corn Rally on Monday as Exports Roll
Grain
May 4, 2026
From 
Austin Schroeder
 via 
Barchart

Corn Rally on Monday as Exports Roll

Corn futures posted gains of 5 ¼ to 6 ¾ cents at the Monday close. The CmdtyView national average Cash Corn price was 5 cents higher on the day to $4.44 ¾. NASS Crop Progress data showed the US corn crop at 38% planted as of Sunday, which was 4%...
Soybeans Rally on Monday
Grain
May 4, 2026
From 
Austin Schroeder
 via 
Barchart

Soybeans Rally on Monday

Soybeans posted gains on Monday, with most contracts up 9 ¼ to 19 ¾ cents. The cmdtyView national average Cash Bean price was up 17 3/4 cents at $11.54 1/2. Soymeal futures were $1.50 to $2.50 higher on the session, with Soy Oil futures 101 to 137 points higher on...
Wheat Closes Monday with Mixed Action, as Ratings Come in Mixed
Grain
May 4, 2026
From 
Austin Schroeder
 via 
Barchart

Wheat Closes Monday with Mixed Action, as Ratings Come in Mixed

The wheat complex closed with contracts mixed across the three markets. Chicago SRW futures saw gains of 3 ¼ to 6 ½ cents on the session. KC HRW futures were steady across the front months and fractionally to 5 cents higher in the deferreds. MPLS spring wheat was down 2...
Hogs Breakdown
Grain
May 4, 2026
From 
Ben DiCostanzo
 via 
Barchart

Hogs Breakdown

Weaker cash and potential disease worries hinder hogs
Grain Spreads: Sept26/Dec26 Corn
Grain
May 4, 2026
From 
Sean Lusk
 via 
Barchart

Grain Spreads: Sept26/Dec26 Corn

Potential Headwinds Long Term
Maersk Ship Exits Hormuz Under U.S. Protection
News
May 4, 2026
From 
Mike Schuler
 via 
gCaptain

Maersk Ship Exits Hormuz Under U.S. Protection

Maersk has confirmed that one of the vessels involved in Monday’s U.S.-escorted transits of the Strait of Hormuz was its U.S.-flagged roll-on/roll-off ship Alliance Fairfax, marking one of the clearest tests...
Crop Progress
Grain
May 4, 2026
From 
 via 
Barchart

Crop Progress

Crop Progress - 2026-05-04
Shootin' the Bull about restructuring production and processing
Grain
May 4, 2026
From 
Chris Swift
 via 
Barchart

Shootin' the Bull about restructuring production and processing

The industry appears to be going through some painful restructuring of production and processing capacity at the top end of the known price range.
All Aboard! Grain Bulls Are Looking to Recreate Record Runs in Gold, Silver Prices
Grain
May 4, 2026
From 
Jim Wyckoff
 via 
Barchart

All Aboard! Grain Bulls Are Looking to Recreate Record Runs in Gold, Silver Prices

Grain futures markets bulls appear to be springing to life in 2026, as corn, soybeans and winter wheat futures prices have all been trending higher from their January lows.
Shipping Awaits Clarity on ‘Project Freedom’ as Hormuz Risks Remain High
Shipping
May 4, 2026
From 
Mike Schuler
 via 
gCaptain

Shipping Awaits Clarity on ‘Project Freedom’ as Hormuz Risks Remain High

BIMCO is urging shipowners to keep their guard up in the Strait of Hormuz, warning that the overall security picture for commercial shipping is effectively unchanged despite U.S. President Donald...