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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
Reuters
via
gCaptain
British Army Sailors Rescue Exhausted Owl 70 Miles Out To Sea
Aug 22 (Reuters) – A British Army sailing crew competing in one of yachting’s most demanding races found themselves conducting an impromptu wildlife rescue 70 nautical miles from shore when an exhausted...
From
Reuters
via
gCaptain
India Launches Rescue Operation As Bulk Carrier Sinks Off East Coast
By Nidhi Verma, Saurabh Sharma and Jatindra Dash Aug 22 (Reuters) – India’s maritime rescue agency lost communication on Saturday with a Panama-flagged cargo vessel that sank off the coast of eastern...
From
Mike Schuler
via
gCaptain
Trump Administration Claims Massive Oil Flows Through Hormuz But Industry Data Raises Questions
U.S. Energy Secretary Chris Wright says the military helped move more than 15 million barrels of oil and petroleum products through the Strait of Hormuz on Tuesday, an extraordinary figure...
From
Bloomberg
via
gCaptain
Saudis Shuttle Oil North On Tankers To Evade Houthis
By Weilun Soon Aug 22, 2026 (Bloomberg) –Shipowners including Sinokor Group are helping Saudi Arabian crude exit the Red Sea via the safer northern route, as Iran-backed militants target the kingdom’s...
From
Reuters
via
gCaptain
Iran Grants Permission For A Number Of Iraqi Oil Tankers To Pass Through Hormuz
Aug 22 (Reuters) – Iran has granted permission for a number of Iraqi oil tankers to pass through the Strait of Hormuz following repeated requests from Baghdad through various channels, Iran’s state...
From
Malte Humpert
via
gCaptain
China’s NewNew Shipping Line Pushes Deeper Into Arctic With First Murmansk Container Run
Chinese container carrier NewNew Shipping Line has expanded its footprint in Russia’s Arctic with the first delivery of containerized cargo to Murmansk via the Northern Sea Route, as the company moves toward a larger role in a shipping corridor attracting growing interest from China, South Korea and India.
From
The Loadstar
via
gCaptain
Panama Canal Draught Restrictions Set to Add to Congestion Chaos
Waterways the world over are contending with all manner of chaos, especially the Panama Canal where congestion is worsening as a consequence of the war in the Middle East and low-water restrictions loom.
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From
Austin Schroeder
via
Barchart
Soybeans Trading Higher at Friday’s Midday
The soybean market is fading off the overnight weakness at midday, with contracts up 1 to 4 cents so far on Friday. CmdtyView’s national front month Cash Bean price is up 3 cents at $9.83 1/4. Soymeal futures are down $1.40/ton, with Soy Oil futures down 10 points in the...
From
Austin Schroeder
via
Barchart
Wheat Weaker on Friday, as Tariff Date Gets Pushed Back
The wheat complex is trading with losses across the three exchanges on Friday. Chicago SRW futures are down 4 to 5 cents in the nearbys so far on the day. KC HRW futures are 6 to 7 cents lower in the front months at midday. MPLS spring wheat is 4...
From
Austin Schroeder
via
Barchart
Corn Holding Losses on Friday
Corn futures are trading with 2 to 6 cent losses across most contracts on Friday, as the official Mexico/Canadian tariff date has been pushed back to March 1. The national average Cash Corn price from cmdtyView was down 6 cents at $4.48 1/4. President Trump is planning to stick with...
From
Mike Schuler
via
gCaptain
Ocean Freight Rates Expected to Drop as Middle East Ceasefire Takes Effect
Ocean container freight rates are set to decline further in February, influenced by the Middle East ceasefire and Lunar New Year slowdown, despite carriers’ attempts to manage capacity. According to...
From
Blue Line Futures
via
Barchart
Ag Market Update & South American Weather Checkup
Matt Bresnahan and Daniel White join John Homenuk from of Empire Weather to discuss Corn & Soybean markets and the weather situation in South America as well as his early forecast for the North American Spring.
From
Reuters
via
gCaptain
Orsted Replaces CEO as Offshore Wind Industry Struggles
Orsted Chief Executive Mads Nipper will step down to be replaced by company insider Rasmus Errboe, the world's biggest offshore wind developer said on Friday, as it seeks to arrest an 83% slump in its share price since its 2021 peak.
From
Mike Schuler
via
gCaptain
Maersk and Hapag-Lloyd Launch Gemini Cooperation, Reshaping Global Container Shipping
The container shipping industry faces major changes as Maersk and Hapag-Lloyd launch their Gemini Cooperation on Saturday, February 1, 2025. This new partnership aims to deliver industry-leading reliability of over...
From
The Loadstar
via
gCaptain
Container Spot Rates Slip as Lunar New Year Lull Kicks In
Despite the muted trading activity since China’s new year holiday began this week, spot rates on most major east-west ocean trades continued to show slight declines.
From
Mike Schuler
via
gCaptain
Vessel Master and Company Fined After High-Speed Crash at Horizontal Falls Injures Dozens
A commercial vessel master and Journey Beyond Adventures Pty Ltd have been convicted and fined following a serious incident at Western Australia’s Horizontal Falls that resulted in multiple injuries. The...
From
Reuters
via
gCaptain
Second Ship Seized in Baltic Sea Cable Damage Investigation
Norwegian police said on Friday they had seized and boarded a Norwegian ship with an all-Russian crew on suspicion of involvement in causing damage to a telecoms cable in the Baltic Sea, the second vessel to be named by investigators in the case.
From
Mike Schuler
via
gCaptain
Hapag-Lloyd Reports Strong 2024 Results Ahead of Gemini Launch
German container shipping giant Hapag-Lloyd has reported positive preliminary financial results for 2024, with increased transport volumes and stable freight rates driving improved performance. The company achieved a Group EBITDA...
From
Mike Schuler
via
gCaptain
Atlantic Shores Presses On After Shell’s $1 Billion Offshore Wind Exit
The developer behind New Jersey’s first offshore wind farm plans to continue the project despite Shell’s withdrawal from the project. Shell on Thursday announced its exit from the Atlantic Shores...