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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
MOL and Kinetics Partner to Launch Revolutionary Floating Data Center by 2027
Mitsui O.S.K. Lines, Ltd. (MOL) has signed a Memorandum of Understanding with Kinetics, a Karpowership initiative, to develop a next-generation Floating Data Center platform that aims to transform digital infrastructure...
From
Mike Schuler
via
gCaptain
Two Crew Dead in ‘Continuous Attack’ on M/V Eternity C in Red Sea
ATHENS/LONDON, July 8 (Reuters) – Two crew members of the Liberian-flagged, Greek-operated bulk carrier Eternity C were killed in a drone and speedboat attack off Yemen on Monday evening, Liberia’s shipping delegation told a meeting of the International Maritime Organization on Tuesday. The deaths on...
From
Mike Schuler
via
gCaptain
Indian Seafarers Freed After Months of Detention at Yemen’s Ras Isa Port
India says it has secured the release of more than 150 seafarers who were stranded at Yemen’s Ras Isa Port, according to the Directorate General of Shipping. All 11 vessels...
From
Mike Schuler
via
gCaptain
Two Injured, Two Missing in New Ship Attack Near Yemen’s Hodeidah, Ambrey Says
Two crew were injured and two others missing on a Liberia-flagged bulk carrier that was attacked with skiffs and drones 49 nautical miles southwest of Yemen's Red Sea port of Hodeidah, British maritime security firm Ambrey said on Monday.
From
Reuters
via
gCaptain
Israel Targets Yemen Ports, Power Station After Renewed Houthi Attacks
By Yomna Ehab and Mohammed Ghobari ADEN/CAIRO, July 7 (Reuters) – Israel struck Houthi targets at three Yemeni ports and a power plant, the military said early on Monday, in...
From
Mike Schuler
via
gCaptain
Red Sea Crisis Boils Over as Houthis Claim Sinking of M/V Magic Seas; Galaxy Leader Struck
Yemen’s Houthi militants who earlier claimed responsibility for an attack on the M/V Magic Seas, now say they sank the Greek bulk carrier. The sinking has not been verified by independent sources and a representative for the vessel’s commercial manager, Stem Shipping, could not yet confirm that the vessel had sunk.
From
Mike Schuler
via
gCaptain
Unmanned Saildrones Track Russian ‘Shadow Fleet’ During NATO Baltic Sea Operations
Saildrone, a leading maritime autonomy company, has demonstrated its advanced surveillance capabilities by successfully identifying Russian “shadow fleet” vessels during recent NATO operations in the Baltic Sea. From June 16...
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From
Bloomberg
via
gCaptain
Frigate Touted By Trump Is Among Navy’s ‘Least Performing’ Programs
By Tony Capaccio May 13, 2025 (Bloomberg) –A $22 billion frigate project that President Donald Trump once touted as “the most beautiful, they look like yachts” was among the US Navy’s...
From
Reuters
via
gCaptain
Guyana Passes Bill Making Companies Liable For Oil Spill Damages
GEORGETOWN, May 17 (Reuters) – Guyana’s parliament passed an oil pollution bill late on Friday that holds parties liable for damages caused by oil spills, including from vessels. The bill, which passed with a majority...
From
Ben DiCostanzo
via
Barchart
Hogs and Cattle Markets End Week on a Positive Note
Cattle Markets consolidate and Hogs steady into the weekend
From
Jim Roemer
via
Barchart
The Soybean Oil Collapse, “El Niño Neutral” & Trading Grains/Soft Commodities on Weather
Jim reprises his newsletter's key points from the past three weeks.
From
Austin Schroeder
via
Barchart
Wheat Fades Lower into the Weekend, As Specs Add to Shorts
The wheat market ended the week with Friday weakness. Chicago SRW futures closed out the day with losses of 7 to 8 cents this week, as July managed to gain 3 ¼ cents this week. Kansas City HRW contracts fell 11 to 12 cents on Friday, with a weekly loss...
From
Austin Schroeder
via
Barchart
Soybeans Post Mixed Action on Friday
The soybean market posted nearby losses of 1 to 2 cents on Friday, with July down 1 ¾ cents on the week. New crop contracts were fractionally higher, with November up a nickel this week. The cmdtyView Cash Bean price was down 1 3/4 cents to $10.00 ¼. Soymeal futures...
From
Austin Schroeder
via
Barchart
Corn Closes the Week on a Lower Note, as Specs Flip Bearish
Corn futures closed out the Friday session on a weaker note, with contracts down 3 to 5 cents. July slipped back 6 ¼ cents on the week, with December falling in unison and down 6 ½ cents. The front month CmdtyView national average Cash Corn price was down 4 1/2...
From
Reuters
via
gCaptain
Container Ship Owners Swamped as US-China Trade Detente Revives Demand
Container ship bookings for China-to-U.S. cargo have surged since the countries declared a 90-day truce on punitive tit-for-tat tariffs last weekend, operators said, spawning traffic jams at Chinese ports and factories that could take weeks to clear.
From
Sean Lusk
via
Barchart
Grain Spreads: Commercial Hedge Spreads for Consideration
Bigger Protracted Moves Discussed
From
Chris Swift
via
Barchart
Shootin' the Bull about screwing around with the screw worm
In my opinion, what a week of disseminating information for which will most likely take the weekend to decipher.
From
Mike Schuler
via
gCaptain
Pennsylvania Extends Port Incentive Program, Doubling Down on Asian Trade Routes
The Pennsylvania Department of Transportation (PennDOT) has announced the extension of its Intermodal Cargo Growth Incentive Program (PICGIP) until July 2027, continuing its efforts to boost containerized cargo movement through...
From
Mike Schuler
via
gCaptain
Spot Rates Jump as Shippers Rush to Beat Tariff Clock
Container freight spot rates shot up on the transpacific trades this week, with an immediate surge in demand following news of a new 90-day hiatus in the China-US trade war.