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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
Bloomberg
via
gCaptain
Global LNG Supply Cut Further After Cyclone Hits Australian Plants
Three Australian plants that provide about 8% of the world’s liquefied natural gas have had their output curbed by a cyclone, in a further blow to mainly Asian buyers reeling from the halt of shipments from Qatar.
From
Mike Schuler
via
gCaptain
UN Pushes ‘Hormuz Mechanism’ as Hormuz Disruptions Threaten Global Food Supply
The United Nations is stepping up efforts to contain the fallout from the escalating crisis in the Strait of Hormuz, advancing a new humanitarian-focused shipping mechanism as thousands of vessels remain effectively trapped inside the Gulf.
From
Mike Schuler
via
gCaptain
Stricken Bulk Carrier Mayuree Naree Runs Aground on Iran’s Qeshm Island
A Thai-flagged bulk carrier struck in the Strait of Hormuz earlier this month has now run aground on Iran’s Qeshm Island, as rescue teams continue searching for three missing crew members feared trapped...
From
Reuters
via
gCaptain
Chinese Boxships Abort First Hormuz Exit Attempt, Undermining Iran ‘Safe Passage’ Claims
Two Chinese container ships turned backed after trying to exit the Gulf via the Strait of Hormuz on Friday, ship-tracking data showed, despite assurances from Iran that Chinese vessels could pass.
From
Jim Wyckoff
via
Barchart
Bulls Are in Control of Soybean Meal. Make This 1 Trade Now.
July soybean meal futures present a buying opportunity on more price strength.
From
Austin Schroeder
via
Barchart
Wheat Posting Friday Morning Strength
Wheat is higher so far on Friday AM trade. The wheat complex found some renewed strength on Thursday. Chicago SRW futures were 4 ½ to 7 ¼ cents higher in the front months on the day. Open interest was up 2,130 contracts on Thursday. KC HRW futures saw 4 to...
From
Austin Schroeder
via
Barchart
Corn Showing Gains Ahead of the Weekend
Corn price action is up 1 to 2 cents so far on Friday morning. Futures closed the Thursday session with bulls giving a late push, as contracts were fractionally to 2 ¼ cents higher. May was the lonely holdout, down ¼ cent. Open interest was up 6,091 contracts across the...
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From
Mike Schuler
via
gCaptain
Shipping Industry Demands Seafarer Protection as Hormuz Crisis Escalates
Major shipping organizations and maritime authorities are calling for the protection of seafarers and civilian vessels as escalating conflict in the Middle East continues to disrupt global trade routes and...
From
Lori Ann LaRocco
via
gCaptain
Shadow Fleet Surge: Iran Moved Record Crude Before Operation Epic Fury
By Lori Ann LaRocco – Three vessels involved in the transport of sanctioned Iranian oil have been struck in the first 24 hours of Operation Epic Fury. Oil tankers Skylight,...
From
Mike Schuler
via
gCaptain
U.S.-Flagged Tanker Security Program Ship ‘Stena Imperative’ Hit in Bahrain, Shipyard Worker Killed
A Crowley-managed product tanker was struck by projectiles while berthed at the Port of Bahrain early Monday, killing one shipyard worker and injuring two others in the latest escalation of...
From
Bloomberg
via
gCaptain
Oil Shipping Costs Soar as Iran Conflict Chokes Hormuz
A venture that’s taken a dominant position in the global market for oil supertankers is asking for sky-high charter fees to deliver Middle East crude as the Iran war sends rates spiraling upward.
From
Reuters
via
gCaptain
Qatar Halts LNG Output, Saudi Refinery, Israeli Oil, Gas Fields Shut Amid Mideast Strikes
Qatar halted its production of liquefied natural gas on Monday as Israeli and U.S. strikes against Iran and Tehran's retaliation prompted precautionary shutdowns of oil and gas facilities across the Middle East.
From
Reuters
via
gCaptain
Ship War Risk Insurance Canceled After Iran Strikes
By Emily Chow and Jeslyn Lerh SINGAPORE (Reuters) – Marine insurers are cancelling war risk coverage for vessels and oil shipping rates are set to surge further after the widening...
From
Austin Schroeder
via
Barchart
Soybeans Fading Higher Open on Monday Morning
Soybeans are falling 5 to 7 cents on Monday morning, after shooting higher at the Sunday night open, with some new crop contracts higher. Futures posted Friday gains of 6 to 10 cents in the nearby contracts, as May was up 17 ½ cents on the week. November was up...
From
Austin Schroeder
via
Barchart
Wheat Mixed in Early Monday Trade
Wheat is trading with 2 to 5 cent gains in the hard red contracts, with the soft red complex weaker. The wheat complex rallied across all three markets on Friday, to lead the grain complex. Chicago SRW futures posted 15 to 19 ½ cent gains on Friday, with May up...
From
Austin Schroeder
via
Barchart
Corn Starting Monday with Mostly Higher Trade
Corn price action is showing fractional to 2 cent gains so far on Monday, with in delivery March the lone exception. Futures posted gains of 4 to 5 ½ cents across the front months on Friday, as May managed an 8 ¾ cent gain last week. Friday’s open interest rose...
From
Malte Humpert
via
gCaptain
Russian Arctic LNG Tankers Keep Red Sea Route Despite Middle East Turmoil
Russia’s Arctic LNG shadow fleet appears to be operating largely undeterred by escalating conflict in the Middle East, with at least seven tankers recently transiting or currently en route through the Red Sea and Bab el-Mandeb strait en route to and from Asia, even as many global shipping operators reroute to avoid the region.
From
Mike Schuler
via
gCaptain
The First 36 Hours: Strait of Hormuz Becomes a War Zone, Tankers Hit, Shipping Giants Halt Gulf Transits
The world’s most vital energy artery is under siege. Following coordinated U.S. and Israeli strikes that killed Iran’s Supreme Leader Ayatollah Ali Khamenei and top military commanders, the Strait of...
From
Nick Ehrenberg
via
Barchart
Short Term Trend Turns Positive In Corn
Educational and Actionable information using Fibonacci and W.D. Gann analysis.