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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
Mike Schuler
via
gCaptain
Salvage Work Begins on WWII ‘Time Bomb’ Wreck in Thames Estuary
More than 80 years after the SS Richard Montgomery sank in the Thames Estuary with roughly 1,400 tons of explosives still aboard, marine contractors have begun one of the most delicate interventions...
From
Mike Schuler
via
gCaptain
Alternative-Fuel Ship Orders Surge to Two-Year High
Alternative-fuel ship orders rebounded sharply in the third quarter, with September delivering the strongest monthly total in nearly two years as LNG remained the dominant choice for new vessels. Shipowners...
From
Malte Humpert
via
gCaptain
UK Sanctions Five LNG Carriers in New Russia Package
The United Kingdom has sanctioned five liquefied natural gas carriers as part of a new package of measures targeting Russia's efforts to expand a maritime "shadow fleet" for LNG exports, including three Russian-built Arc7 ice-class vessels intended to support the Arctic LNG 2 project.
From
Bloomberg
via
gCaptain
Tanker Congestion Shunts Vital Oil Transfers Farther From Hormuz
Persian Gulf oil producers are shifting critical cargo transfer operations even farther out of the war-hit region as waters just outside the Strait of Hormuz become congested with tankers.
From
Mike Schuler
via
gCaptain
GAO Finds Marine Firefighting Gaps Persist at U.S. Ports
A new federal watchdog report says gaps in training, coordination and emergency planning continue to complicate the response to ship fires at U.S. ports, three years after two firefighters were...
From
Mike Schuler
via
gCaptain
Canada Makes Major Investment in Marine Safety as Ship Traffic Grows
Canada is committing C$1.2 billion (USD $843 million) to ocean protection and marine safety as the federal government prepares for a significant increase in commercial vessel traffic tied to new...
From
gCaptain
via
gCaptain
U.S. Ports Push Nuclear Power, Faster Dredging at Record AAPA Convention
The American Association of Port Authorities wrapped up its annual convention in New Orleans on Wednesday after drawing its largest attendance ever, with more than 900 participants representing over 90 ports.
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Bloomberg
via
gCaptain
Hormuz Oil Shuttling Trade Is Picking Up Again After Lull
The oil-shuttling service that has been crucial to getting cargoes out of the Strait of Hormuz has picked up again after a recent lull, helping millions of barrels escape as Middle East hostilities escalate.
From
The Loadstar
via
gCaptain
Carrier Discounts Push Container Spot Rates Lower Ahead of August GRIs
By Gavin van Marle (The Loadstar) – Container spot freight rates on the transpacific and Asia-Europe trades saw another week of single-digit declines, in the absence of carrier-led price hikes....
From
Mike Schuler
via
gCaptain
EU Proposal to Add Two Indian Ship Recycling Yards Sparks Environmental Backlash
The European Commission is facing criticism from environmental campaigners after proposing to add two Indian ship recycling facilities to the EU’s approved list of ship recycling yards, a move opponents...
From
Mike Schuler
via
gCaptain
HD Hyundai Launches First Vessel Built at Revived Subic Bay Shipyard
HD Hyundai has launched the first vessel built at its newly established Subic Bay shipyard, marking the start of full-scale shipbuilding operations at a facility that is central to the...
From
Bloomberg
via
gCaptain
Italy Becomes EU’s Top LNG Importer as Purchases Elsewhere Lag
Italy became Europe’s top importer of liquefied natural gas in July as traders made use of government incentives to keep buying cargoes despite soaring prices, while neighboring countries held back on costly purchases and allowed storage levels to lag.
From
Bloomberg
via
gCaptain
Saudi Ships Shun Red Sea Chokepoint for Rare Africa Journey
Six Saudi oil tankers are sailing away from the Bab el-Mandeb chokepoint and appeared to be embarking on an unusual trip around Africa as threats from Houthi rebels upend shipping in the Red Sea.
From
Mike Schuler
via
gCaptain
Fincantieri Sees U.S. Naval Shipbuilding Driving Growth as Profit Hits Record High
Italian shipbuilder Fincantieri says the United States remains a key strategic growth market as it expands its role in U.S. naval shipbuilding, alongside reporting record first-half earnings and a backlog...
From
Lori Ann LaRocco
via
gCaptain
Maritime Expert Warns Against Underestimating the Houthis’ Resolve
By Lori Ann LaRocco – The unattributed drone attack on the Port of Damietta in Egypt is adding to fears that the war with Iran is spilling over into other...
From
Reuters
via
gCaptain
Saudi Arabia Unveils Plans for Multinational Red Sea Maritime Security Coalition
Saudi Arabia on Thursday unveiled plans for a multinational maritime defense coalition aimed at protecting international shipping and energy supply routes in the Red Sea region after attacks by Yemen's Iran-aligned Houthis disrupted one of the world's busiest trade corridors.
From
Reuters
via
gCaptain
Drone Strike Near Suez Canal in Egypt Raises New Security Threat in Widening War
DUBAI, July 30 (Reuters) – A drone strike on gas vessels in Egypt’s Mediterranean port of Damietta signaled a potential new front in the U.S.-Iran war, raising the prospect of threats to navigation through the...
From
Paul Morgan
via
gCaptain
Onboard Carbon Capture Edges Toward Commercial Reality, But Challenges Remain
Onboard carbon capture and storage, OCCS for short, has moved well beyond laboratory work. Several systems are now operating at sea. One full-scale installation is demonstrating capture of around fifty...
From
Mike Schuler
via
gCaptain
Container Spot Rates Fall for Third Straight Week as Demand Continues to Ease
Global container spot freight rates declined for a third consecutive week, with weakening demand and the end of the front-loading surge continuing to weigh on major east-west trade lanes, according...