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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
Jim Wyckoff
via
Barchart
Market Top Warning: Get Ready to Sell Soybean Oil Futures
Traders will likely unwind long soybean oil, short soybean meal spreads in the near term.
From
Bloomberg
via
gCaptain
US-China Trade Clash Risks Making Europe Dumping Ground for Cheap Goods
China’s widening trade surplus with the European Union is fueling fresh concerns that the 27-nation bloc risks becoming a dumping ground for cheap goods in the volatile tariff confrontation between Washington and Beijing.
From
Reuters
via
gCaptain
Trump: India Has Offered US a Trade Deal With No Tariffs
U.S. President Donald Trump said on Thursday that India had offered a trade deal that proposed "no tariffs" for American goods, while expressing his dissatisfaction with Apple's (AAPL.O) plans to invest in India.
From
Austin Schroeder
via
Barchart
Corn Trading Mixed Early on Thursday
The corn market is starting off Thursday mixed, with contracts down factionally to up 2 cents to start the day. Corn futures closed out the Wednesday session with contracts 2 to 3 cents higher in the nearbys, as new crop December was down just ½ cent. Preliminary open interest was...
From
Austin Schroeder
via
Barchart
Wheat Posting Gains on Thursday AM Trade
Wheat is extending the recent bounce early on Thursday morning. The wheat market saw some strength on Wednesday, with the winter wheat exchanges posting gains. Chicago SRW futures were up 7 to 8 cents at the close. There were another 28 deliveries for May CBT wheat on Wednesday as the...
From
Austin Schroeder
via
Barchart
Soybeans Pulled Lower by Bean Oil Limit Losses
Soybeans are trading with 12 to 14 cent losses early on Thursday, with coming from 3 cent limit losses for bean oil. The soybean market again held onto some gains heading into the Wednesday close, as contracts were up 1 to 5 ¼ cents in most contracts. Preliminary open interest...
From
Mike Schuler
via
gCaptain
UK Investigators Uncover Stability Issues Behind Tech Tycoon’s Superyacht Sinking
The UK Marine Accident Investigation Branch (MAIB) has released an interim report detailing the tragic sinking of the superyacht Bayesian off Sicily’s northern coast that left seven dead. According to...
From
Mike Schuler
via
gCaptain
Russian Jet Buzzes Estonian Forces in Gulf of Finland Shadow Tanker Showdown
A tense maritime incident unfolded today in the off the Estonian coast when Estonian naval forces attempted to detain the M/T JAGUAR, a crude oil tanker allegedly part of Russia’s...
From
Austin Schroeder
via
Barchart
Wheat Pulls Out Gains on Wednesday
The wheat market saw some strength on Wednesday, with the winter wheat exchanges posting gains. Chicago SRW futures were up 7 to 8 cents at the close. Kansas City HRW futures saw contracts 10 to 12 cents higher on Wednesday. Minneapolis spring wheat futures fell to weakness, with contracts down...
From
Austin Schroeder
via
Barchart
Corn Closes Mixed as Nearbys Turn Higher
Corn futures closed out the Wednesday session with contracts 2 to 3 cents higher in the nearbys, as new crop December was down just ½ cent. May rolled off the board at the close. The nearby CmdtyView national average Cash Corn price was up 3 cents at $4.17 3/4. Rains...
From
Austin Schroeder
via
Barchart
Soybeans Posts Green Trade on Wednesday
The soybean market again held onto some gains heading into the Wednesday close, as contracts were up 1 to 5 ¼ cents in most contracts as May expired. The cmdtyView Cash Bean price was up 5 cents to $10.27 3/4. Soymeal futures were down $1.30/ton on the day, with Soy...
From
Mike Schuler
via
gCaptain
Fednav CEO Paul Pathy Elected President of World’s Largest Shipping Association
Paul Pathy, President & CEO of Canada’s leading dry bulk shipping company Fednav, has made history by becoming BIMCO’s first President from the Americas. His election took place at BIMCO’s...