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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
Austin Schroeder
via
Barchart
Wheat Posts Thursday Strength
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. Kansas City HRW futures saw contracts close 5 to 6 cents higher. Minneapolis spring wheat futures posted gains of 2 to...
From
Austin Schroeder
via
Barchart
Corn Closes Mixed on Thursday
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. The nearby CmdtyView national average Cash Corn price was up 3 ¼ cents at $4.20. Export Sales data from this morning showed corn...
From
Darin Newsom
via
Barchart
Afternoon Commentary, Jeopardy, and Things That Stink
If we look at Thursday's session like a round of Jeopardy, the markets provide the answers in the form of questions to the clue, "Things That Stink".
From
Mike Schuler
via
gCaptain
Port of Long Beach Braces for May Slump Following Record-Breaking April
The Port of Long Beach is anticipating a significant downturn in May shipments following its strongest April on record, as the effects of recently paused tariffs ripple through the supply...
From
Chris Swift
via
Barchart
Shootin' the Bull about greed and fear
Greed and fear make people do strange things.
From
Mike Schuler
via
gCaptain
Pole Star Confirms GPS Interference Caused MSC ANTONIA Grounding
Further analysis indicates that GPS jamming caused the containership MSC ANTONIA to run aground near the Eliza Shoals close to Jeddah Port on May 10, 2025. Following a review of...
From
Austin Schroeder
via
Barchart
Corn Holding Mixed Trade at Midday
The corn market is mixed on Thursday with July up a penny, as Export Sales data was supportive, with other new crop contracts down 3 cents. The nearby CmdtyView national average Cash Corn price is up 1 ¼ cents at $4.18. Export Sales data from this morning showed corn bookings...
From
Austin Schroeder
via
Barchart
Wheat Continuing Bounce on Thursday
The wheat market is continuing to bounce on Thursday, with all three exchanges heading higher. Chicago SRW futures are up 5 to 6 cents so far at midday. Kansas City HRW futures are showing 2 to 3 cent gains as we trade through the session. Minneapolis spring wheat futures are...
From
Austin Schroeder
via
Barchart
Soybeans Collapsing on RVO Rumors and Bean Oil Limit Losses
Soybeans are posting losses of 25 to 30 cents so far on the Thursday session, Pressured by losses in bean oil. The cmdtyView Cash Bean price was up 5 cents to $10.27 3/4. Soymeal futures are up $2.90/ton on the day, with Soy Oil futures down the 3 cent limit....
From
Bloomberg
via
gCaptain
Iran Nuclear Deal Would Give a Little Boost to Global Oil Supply
The prospect of a deal over Iran’s nuclear program saw oil fall sharply on Thursday. The reality is that Tehran has relatively little extra crude that it can bring back — but it could arrive in a market that’s gearing up for surplus.
From
Reuters
via
gCaptain
Estonia Confirms Russia Sent Jet After Attempt to Stop Sanction-breaking Ship
Estonia said on Thursday that Moscow had briefly sent a fighter jet into NATO airspace over the Baltic Sea during an attempt to stop a Russian-bound oil tanker thought to be part of a "shadow fleet" defying Western sanctions on Moscow.
From
Mike Schuler
via
gCaptain
Near Disaster Off Sydney Coast Exposes Major Gaps in Maritime Emergency Response
The Australian Transport Safety Bureau (ATSB) has released a comprehensive report detailing the July 2022 incident where the bulk carrier Portland Bay nearly stranded off Sydney’s coast, revealing significant failures...