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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
Houthi Video Shows Deadly Attack and Sinking of Eternity C Bulk Carrier in Red Sea
The Houthis have released footage showing the targeting and sinking of the Liberia-flagged bulk carrier ETERNITY C in the Red Sea. The footage captures the launch and impact of ballistic...
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...
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...
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...
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.
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...
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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From
Chris Swift
via
Barchart
Shootin' the Bull about hearing the fat lady sing
Did the fat lady sing? Is the jig up? We will know more tomorrow, but for the time being, the closing of the southern border is believed a bullish black swan event, at the top of the market, for which wasn't believed that big of an ordeal to begin with.
From
Reuters
via
gCaptain
Inside Trump’s Surprise Red Sea Ceasefire Deal with the Houthis
Days before a surprise U.S. ceasefire agreement with Houthis, U.S. intelligence started picking up indications the Yemeni fighters were looking for an exit after seven weeks of relentless U.S. bombings, four U.S. officials said.
From
Austin Schroeder
via
Barchart
Wheat Trading with Gains in the Winter Wheat Contracts
Wheat is mixed at midday, with the winter wheat exchanges posting strength. Chicago SRW futures are up 5 to 6 cents as we trade through Wednesday’s midday. There were 18 deliveries issued against May CBT wheat overnight, all stopped by a Marex customer. Kansas City HRW futures are posting 9...
From
Austin Schroeder
via
Barchart
Corn Posting Mixed Wednesday Trade
vorn futures are showing 2 to 3 cent gains in the nearbys, with the new crop months down fractionally. There were another 16 deliveries issued against May futures overnight, all by an ADM customer. The nearby CmdtyView national average Cash Corn price is up 2 3/4 cents at $4.16 1/2....
From
Austin Schroeder
via
Barchart
Soybeans Extending Gains at Midday
The soybean market is trading with fractional to 5 cent gains on Wednesday, with front months leading the strength. There were 2 delivery notices for May soybeans overnight, with 53 for soybean meal and 317 issued for May soybean oil. The cmdtyView Cash Bean price is up 3 3/4 cents...
From
Bloomberg
via
gCaptain
South Africa’s Transnet, Union in Talks to Avoid Strike
(Bloomberg) — The biggest labor union at South Africa’s state-owned port and rail company are starting final talks with a third-party arbitrator to resolve a wage dispute and stave off...
From
Mike Schuler
via
gCaptain
Bipartisan Bill Aims to Modernize Coast Guard’s Merchant Mariner Credentialing System
U.S. Representatives Salud Carbajal (D-CA-24) and Mike Ezell (R-MS-4) have introduced the Mariner Exam Modernization Act, legislation aimed at overhauling the Coast Guard’s Merchant Mariner Credentialing exam system. The current...
From
Mike Schuler
via
gCaptain
U.S. Cracks Down on Global Network Facilitating Iranian Oil Trade
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on Tuesday a sweeping action targeting nearly two dozen firms involved in Iran’s illicit international oil trade....
From
Reuters
via
gCaptain
EU Ramps Up Pressure on Russia’s Economy with 17th Sanctions Package
The European Union must focus on a new sanctions package to suffocate Russia's economy and force President Vladimir Putin to end the war in Ukraine, France's foreign minister said on Wednesday.
From
Austin Schroeder
via
Barchart
Wheat Weakness Comes Back Early on Wednesday
Wheat is slipping lower so far on Wednesday morning. The wheat market saw Turnaround Tuesday action, with winter wheats posting gains. Chicago SRW futures turned higher on Tuesday, with nearbys closing up 2 cents. Preliminary open interest was up 6,617 contracts. There were 18 deliveries issued against May CBT wheat...
From
Austin Schroeder
via
Barchart
Corn Posting Early Wednesday Losses
Corn futures are showing weakness early so far on Wednesday, with 2 to 3 cent losses. The corn market was lower on Tuesday with contracts falling another 4 to 6 cents across the nearbys. Preliminary open interest was up 11,001 contracts on Tuesday. There were another 16 deliveries issued against...
From
Austin Schroeder
via
Barchart
Soybeans Rally from Early Weakness
The soybean market is trading with mixed trade on Wednesday morning, July is up 1 ¾ cents and November is down a penny. Soybeans saw contracts pulling well off their lows on Tuesday, with contracts up 1 to 2 cents in the nearbys. Preliminary open interest was up 3,023 contracts....