Shipping Industry News

A bicameral group of lawmakers has introduced legislation to transfer the administration of the Food for Peace Program from USAID to the U.S. Department of Agriculture (USDA), a move that...

The Nimitz-class aircraft carrier USS Harry S. Truman (CVN 75) collided with a merchant vessel near Port Said, Egypt, at approximately 11:46 p.m. local time on February 12, the U.S....

Panama’s ship registry has achieved a 96.5% compliance rate with international maritime safety and environmental protection standards, while simultaneously strengthening its position against sanctions evasion through new regulatory measures. With...

Companies that committed to investments in U.S. offshore wind infrastructure and supply chains are scrapping their plans as the projects they were meant to serve face huge setbacks, including President Donald Trump's plan to end federal support.

The International Energy Agency has lowered its outlook for Russia’s oil production this year by only a narrow margin even with sweeping western energy sanctions, as the Paris-based organization expects the nation to come up with workarounds.

Russia's liquefied natural gas plant Yamal LNG, led by Novatek, has acquired a new gas carrier for ship-to-ship operations near the Arctic port of Murmansk, ship-tracking LSEG data showed on Thursday.

Grain markets have been choppy over the last week which may not bode well for long term position traders, but it does present great opportunities for shorter term strategies

Beans are posting slightly lower trade as we begin Thursday, with contracts down 1 to 2 ¼ cents. The soybean market faced a weaker trade on Wednesday, with futures down 11 to 16 cents across most contracts, led by the nearbys. The average November futures close in February, used to...

The wheat complex is showing some strength so far to kick off trade on Thursday, with gains across the three exchanges. Wheat futures held onto the weakness into the close on Wednesday, with losses in the three markets. Chicago SRW futures were down 2 to 3 cents across the nearbys...

The corn market is trading with Thursday AM losses of 2 to 4 ¼ cents. Corn futures were held up on Wednesday, closing with gains of 3 to 6 ¼ cents. The average close for December futures has been $4.69 in February, which is used for determining the base crop...

U.S. Senators doubled down on the importance of Greenland for U.S. security during a hearing on the Arctic. During the two-hour session of the Senate’s Commerce, Science, and Transportation Committee lawmakers across the aisle and expert witnesses stressed the importance of Greenland, including its possible acquisition, for U.S. security considerations.

Russian officials have held meetings with Indian buyers this week in an effort to sell liquefied natural gas from a flagship export facility sanctioned by the US.