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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
Houthi Video Shows Sinking of M/V Magic Seas in Red Sea
Yemen’s Houthi militants have released propaganda footage appearing to show the Greek bulk carrier M/V Magic Seas sinking in the Red Sea following their attack on July 6. The vessel...
From
Bloomberg
via
gCaptain
India Seeks $1.1 Billion Reparation After MSC Fuel Spill in May
The southern Indian state of Kerala has sued MSC Mediterranean Shipping Co. for the environmental damages caused by a ship capsizing off its coast, according to a court document.
From
Reuters
via
gCaptain
Germany Accuses China of Laser Targeting Aircraft in EU’s Red Sea Mission
Germany summoned the Chinese ambassador to the foreign ministry on Tuesday after saying China's military had laser targeted a German aircraft taking part in an EU operation in the Red Sea.
From
Reuters
via
gCaptain
Three Crew Killed in Attack on M/V Eternity C as Houthis Renew Red Sea Assaults
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.
From
Mike Schuler
via
gCaptain
HD Hyundai Joins Forces with Cochin Shipyard to Power India’s Maritime Sector Expansion
HD Korea Shipbuilding & Offshore Engineering has signed a comprehensive Memorandum of Understanding with Cochin Shipyard Limited (CSL), India’s largest state-owned shipbuilder, marking HD Hyundai’s full-scale entry into the rapidly...
From
Mike Schuler
via
gCaptain
Historic SL-7 Containerships Could Find New Purpose as Maritime Exposition Centers
The Society of Marine Port Engineers (SMPE) has provided seed funding to the SL7EXPO project, a non-profit initiative aimed at preserving one of the groundbreaking SL-7 Sea-Land Container ships as...
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...
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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.
From
Austin Schroeder
via
Barchart
Wheat Falling on Friday
The wheat market is trading with contracts weaker on Friday. Chicago SRW futures are trading with contracts down 7 to 8 cents so far on Friday. Kansas City HRW contracts are falling 10 to 11 cents at the midday part of the session. Minneapolis spring wheat futures are down 4...
From
Austin Schroeder
via
Barchart
Soybeans Posting Mixed Trade
The soybean market is trading with contracts down 1 to 3 cents in the front months and new crop contracts up fractionally. The cmdtyView Cash Bean price was down 3 1/2 cents to $9.98 ½. Soymeal futures are down $4.10/ton so far on the day, with Soy Oil futures down...
From
Austin Schroeder
via
Barchart
Corn Weakness Extends to Friday’s Midday
Corn futures are trading with contracts 3 to 4 cents in the red so far on Friday. The front month CmdtyView national average Cash Corn price was down 3 ¼ cents at $4.17 ¾. Precipitation over the next week covers much of the Corn Belt. While some areas in the...
From
Reuters
via
gCaptain
US LNG Exporters Push Forward New Projects Despite Trade War Uncertainty
Woodside Energy's decision last month to proceed with its Louisiana LNG export facility was the first of over 90 million tonnes of new LNG shipping capacity U.S. companies plan to approve this year despite uncertainty about President Donald Trump's trade war, according to company statements and analysts.
From
Malte Humpert
via
gCaptain
South Korean Shipbuilders HD Hyundai and Hanwha Pitch Port Cranes to Help Rebuild U.S. Maritime Sector
HD Hyundai and Hanwha Ocean Co., South Korea’s two largest shipbuilders, offered their expertise to help boost the U.S. shipbuilding industry and port infrastructure.
From
Bloomberg
via
gCaptain
Egypt in Talks to Buy LNG Through 2030 to Offset Weak Production
Egypt is looking to buy liquefied natural gas through the end of the decade, a move to meet surging summer power demand and supplant flagging domestic production.