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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
China Approves Merger of CSSC and CSIC to Create World’s Largest Shipbuilder
The Shanghai Stock Exchange has reportedly approved the merger of China State Shipbuilding Corporation (CSSC) and China Shipbuilding Industry Corporation (CSIC), setting the stage for the creation of the world’s...
From
Mike Schuler
via
gCaptain
IMO Chief Calls for Urgent Diplomatic Action as Deadly Red Sea Attacks Resume After Months of Calm
IMO Secretary-General Arsenio Dominguez has issued an urgent appeal for intensified diplomatic efforts following renewed attacks on merchant vessels in the Red Sea that have now claimed at least three...
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...
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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.
From
Austin Schroeder
via
Barchart
Soybeans Slipping Early on Friday, as Oil Losses Continue
The soybean market is trading with weakness so far on Friday morning as bean oil pressure continues. Futures are down 1 to 3 cents. Soybeans were under pressure for much of the Thursday session with contracts down 25 to 28 cents at the close, pressured by losses in bean oil....
From
Austin Schroeder
via
Barchart
Wheat Steady to Start Friday
Wheat is holding close to unchanged on Friday morning. The wheat market posted higher trade on Thursday, with all three exchanges gaining steam. Chicago SRW futures were up 7 to 8 cents across most contracts at the close. Thursday’s Preliminary open interest was down 2,292 contracts. Kansas City HRW futures...
From
Austin Schroeder
via
Barchart
Corn Steady Early on Friday
Corn futures are trading with contracts mixed but sticking close to unchanged. The corn market closed the Thursday session with July up 3 cents, as Export Sales data was supportive. New crop contracts were down 1 to 3 cents. Preliminary open interest was up 6,431 contracts on Thursday, mostly in...
From
Malte Humpert
via
gCaptain
Salvage Tug Reaches ‘Maersk Sana’ After More Than Two Weeks Adrift in Atlantic
Importers rushing to ship Chinese goods to the US using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters.
From
Bloomberg
via
gCaptain
Tariff Truce Spurs Pacific Trade Rush, Boosting Global Shippers
Importers rushing to ship Chinese goods to the US using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters.
From
Reuters
via
gCaptain
With US Trade War, China Now Top Buyer for Canadian Crude on Trans Mountain Pipeline Shipping Data Show
China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data showed, as a U.S. trade war has shifted crude flows in the year since the pipeline started operating.
From
Nick Ehrenberg
via
Barchart
Soybeans & Fibonacci
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
From
Reuters
via
gCaptain
Proposal to Base U.S. Ship Registry in Virgin Islands Gets Governor Support
A proposal to create a new international U.S. ship registry domiciled in the U.S. Virgin Islands aligns with President Donald Trump's efforts to strengthen the country's maritime industry and has support from the territory, its governor said.
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Cattle Markets and Soybean Oil Take Big Hits - One is a Buying Opportunity
From
Austin Schroeder
via
Barchart
Soybeans Collapse on Thursday with RVO Rumors and Bean Oil Limit Losses
Soybeans were under pressure for much of the Thursday session with contracts down 25 to 28 cents at the close, pressured by losses in bean oil. The cmdtyView Cash Bean price was down 25 cents to $10.02. Soymeal futures were up $4.40/ton on the day, with Soy Oil futures down...