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.

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Salvage Operations Progress on Grounded MSC Baltic III
Accidents
July 9, 2025
From 
Mike Schuler
 via 
gCaptain

Salvage Operations Progress on Grounded MSC Baltic III

Salvage crews have successfully removed approximately 85% of the heavy fuel from the grounded containership MSC Baltic III, according to the latest update from the Canadian Coast Guard released today. The...
Maritime Industry Condemns Deadly Red Sea Attacks
Shipping
July 9, 2025
From 
Mike Schuler
 via 
gCaptain

Maritime Industry Condemns Deadly Red Sea Attacks

Major shipping organizations have issued a joint statement condemning the recent attacks on vessels in the Red Sea that have resulted in seafarer fatalities and renewed security concerns in the...
Trump Signs Order to End Wind and Solar Subsidies Under ‘One Big Beautiful Bill’
Offshore
July 9, 2025
From 
Mike Schuler
 via 
gCaptain

Trump Signs Order to End Wind and Solar Subsidies Under ‘One Big Beautiful Bill’

President Donald J. Trump signed an Executive Order on Monday aimed at eliminating subsidies for wind and solar energy in furtherance of the recently enacted One Big Beautiful Bill Act...
Eternity C Sinks in Red Sea; Search Underway for 15 Still Missing
Shipping
July 9, 2025
From 
Reuters
 via 
gCaptain

Eternity C Sinks in Red Sea; Search Underway for 15 Still Missing

A mission was under way on Wednesday to rescue crew from the Eternity C cargo ship which sank in the Red Sea following an attack that killed at least four crew members.
Greek Tanker Fleet Steps Up Ship Inspections Near Russian Ports After Mysterious Blasts
News
July 9, 2025
From 
Reuters
 via 
gCaptain

Greek Tanker Fleet Steps Up Ship Inspections Near Russian Ports After Mysterious Blasts

LONDON/ATHENS, July 9 (Reuters) – Greek shipping companies calling at Russian ports are boosting their vessels’ defenses after a series of mysterious blasts in recent months have damaged tankers linked to Moscow’s oil...
Surging UK Shipping Costs Threaten to Deliver a New Price Shock
Shipping
July 9, 2025
From 
Bloomberg
 via 
gCaptain

Surging UK Shipping Costs Threaten to Deliver a New Price Shock

The cost of shipping goods from China to the UK has surged due to ripple effects of the US trade war, threatening to push up consumer prices and complicate the Bank of England’s plan to keep nudging down interest rates.

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Trump: India Has Offered US a Trade Deal With No Tariffs
Shipping
May 15, 2025
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.
Corn Trading Mixed Early on Thursday
Grain
May 15, 2025
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...
Wheat Posting Gains on Thursday AM Trade
Grain
May 15, 2025
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...
Soybeans Pulled Lower by Bean Oil Limit Losses
Grain
May 15, 2025
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...
UK Investigators Uncover Stability Issues Behind Tech Tycoon’s Superyacht Sinking
Accidents
May 14, 2025
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...
Russian Jet Buzzes Estonian Forces in Gulf of Finland Shadow Tanker Showdown
Shipping
May 14, 2025
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...
Wheat Pulls Out Gains on Wednesday
Grain
May 14, 2025
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...
Corn Closes Mixed as Nearbys Turn Higher
Grain
May 14, 2025
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...
Soybeans Posts Green Trade on Wednesday
Grain
May 14, 2025
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...
Fednav CEO Paul Pathy Elected President of World’s Largest Shipping Association
Shipping
May 14, 2025
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...
Grain Spreads: Short Covering Wheat
Grain
May 14, 2025
From 
Sean Lusk
 via 
Barchart

Grain Spreads: Short Covering Wheat

KC wheat bounces from 5.00, but How Far?
Commodity Markets Fly Around in Wednesday's Trade
Grain
May 14, 2025
From 
Oliver Sloup
 via 
Barchart

Commodity Markets Fly Around in Wednesday's Trade

Equity markets saw some continued strength on Wednesday but the momentum has slowed. More volatility and movement was seen in commodities with markets like gold, grains, and cattle drawing attention.