Shipping Industry News

Soybeans are heading lower at midday on Wednesday, with contracts down 10 to 18 cents. The national front month Cash Bean price from cmdtyView is down 17 1/2 cents at $9.64 1/4. Soymeal futures were down $2.40/ton, with Soy Oil futures 73 points lower on the session. USDA reported a...

Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to sail to Asia and Ukrainian drone attacks hobble its refineries.

Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect.

Global marine fuel sales jumped in 2024 after attacks by Yemen's Houthis starting in late 2023 prompted most shipping companies to divert vessels around southern Africa rather than through the Red Sea, according to data and analysts.

The Military Sealift Command’s chartered vessel MV Ocean Giant has successfully completed its cargo delivery mission to McMurdo Station, Antarctica, as part of Operation Deep Freeze 2025. The ship arrived...

A containership operated by CMA CGM collided with a navigational beacon in Australia’s Yarra River due to unclear steering procedures and crew unfamiliarity with steering systems, according to the Australian...

Grain markets retreat following Tuesday’s WASDE report and are mixed in the overnight and early morning trade. These are the levels to watch for through the rest of the week.

The wheat market is posting losses across the three exchange on Wednesday morning. Wheat posted losses across the three market on Tuesday, failing to show any follow-through on some bull friendly USDA data. Chicago SRW futures were down 1 to 2 ½ cents at the close. KC HRW futures faced...

The corn market is trading with early Wednesday losses of 1 to 2 cents. Corn failed to show much positive reaction to USDA’s report on Tuesday, despite a cut to both the Argentina and Brazilian crops. Futures closed with losses of 6 to 8 cents in the front months and...

Soybean futures are down another 6 to 9 cents so far to start the midweek session. Soybeans fell lower into Tuesday’s close despite tightening world supplies. Contracts closed with 2 to 6 cent losses, led by the nearbys. CmdtyView’s national front month Cash Bean price was down 6 cent at...

U.S. sanctions continue to severely hamper Russia’s efforts to deliver LNG from the designated Arctic LNG 2 plant to customers. Five months after loading cargo at the Arctic gas terminal LNG carrier East Energy (139,833-cbm) moored up yesterday alongside the Koryak floating storage barge to seemingly offload its cargo.

Two U.S. Navy ships sailed through the sensitive Taiwan Strait this week in the first such mission since President Donald Trump took office last month, drawing an angry reaction from China, which said the mission increased security risks.