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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
Paul Morgan
via
gCaptain
Airbus Goes to Sea: How a French Shipowner and Chinese Shipyard Are Reinventing the Atlantic Supply Chain
Last weekend’s launch of a ro-ro cargo vessel at a riverside shipyard in Wuhan may not have commanded the same attention as an Airbus A320 rolling off the production line...
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...
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...
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...
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.
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...
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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From
Austin Schroeder
via
Barchart
Wheat Trading Mixed on Monday
The wheat complex is trading with mixed action on Monday, with hard red contracts lower. Chicago SRW futures are up fractionally to 5 cents on Monday. There were 138 delivery notices for May CBT wheat on Friday night. KC HRW futures are down 1 to 2 cents on Monday. May...
From
Austin Schroeder
via
Barchart
Soybeans Rallying to Start the Week
Soybeans are trading with contracts up 12 to 20 cents across most contracts, led by the old crop contracts. The cmdtyView national average Cash Bean price is up 17 3/4 cents at $11.54 1/2. Soymeal futures are $1.50 to $2.40 higher on the day, with Soy Oil futures 100 to...
From
Austin Schroeder
via
Barchart
Corn Posting Midday Gains on Monday
Corn futures are trading with 4 to 5 ¼ cent gains at Monday’s Midday. There were 311 deliveries issued against May futures on Friday evening. The CmdtyView national average Cash Corn price is 4 3/4 cents higher on the day to $4.44 ¾. Export Inspections data showed corn at 2.028...
From
Reuters
via
gCaptain
Explosion Hits Ship as Trump’s Hormuz Push Meets Reality
A South Korean ship was hit by an explosion in the Strait of Hormuz on Monday and Iranian drones caused a fire at a UAE oil port, as Tehran demonstrated its grip on Middle East oil after U.S. President Donald Trump said his Navy would open the strait.
From
Mike Schuler
via
gCaptain
Coast Guard’s National Maritime Center Reopens—But Credentialing Backlog Could Stretch to a Year
The United States Coast Guard has resumed operations at its credentialing hub following the restoration of funding to the Department of Homeland Security, but the restart is unfolding under the weight of a...
From
Bloomberg
via
gCaptain
China Orders Firms to Defy U.S. Sanctions in Escalation Over Iran Oil Trade
By Bloomberg News (Bloomberg) — China has ordered its companies to ignore US sanctions, an unprecedented act of defiance that threatens to trap a vast banking sector in the crossfire as tension...
From
Reuters
via
gCaptain
Evacuations Planned as Suspected Hantavirus Outbreak Traps 150 on Ship Off Cape Verde
edics were working on Monday to evacuate two people with symptoms of the deadly hantavirus after a suspected outbreak on a luxury cruise ship held off West Africa carrying mostly British, American and Spanish passengers, officials said.
From
Reuters
via
gCaptain
U.S. Escorts First US-Flagged Ships Through Hormuz as Iran Warns of Attack
The U.S. military said two U.S. Navy guided-missile destroyers had entered the Gulf to break an Iranian blockade and that two U.S. merchant ships had transited the Strait of Hormuz, after Iran said it had prevented a U.S. warship entering the Gulf.
From
Mike Schuler
via
gCaptain
U.S. Launches ‘Project Freedom’ to Escort Ships Out of Hormuz as Risks of Clash With Iran Loom
The United States has launched a major naval-backed operation in the Strait of Hormuz aimed at guiding stranded commercial vessels out of the conflict zone, with the first U.S.-flagged ships...
From
EdgeClear
via
Barchart
Kernels of Conviction: Corn Futures (ZC) Find Their Footing Above 470
Corn futures have reclaimed bullish momentum over the past month, driven by a confluence of record-pace export commitments running 30% above year-ago levels, geopolitical risk premium from the ongoing U.S.-Iran conflict and its persistent disruption to the Strait of Hormuz, and a biofuel demand tailwind as elevated crude oil keeps ethanol economics attractive. After months of two-way rotation between 470 and 480, the market broke above 470 in the past week, posting a 13-month high close. The key question going forward is whether buyers can defend 470 on any pullback and press the market toward the 496 Daily Level 1 target.
From
Bloomberg
via
gCaptain
Qatar Extends Force Majeure on LNG Supply Through Mid-June
State producer QatarEnergy extended force majeure on its liquefied natural gas supply through mid-June, according to people familiar with the matter, as the Strait of Hormuz remains almost entirely closed to tanker traffic.
From
Austin Schroeder
via
Barchart
Wheat Falling Back on Monday Morning
Wheat is trading lower so far on Monday morning. The wheat complex closed Friday with most exchanges higher. Chicago SRW futures saw steady to 5 cent higher trade, as May was 16 ¼ cents in the green since last Friday. There were 138 delivery notices for May CBT wheat on...