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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
US Port Operators Seek To Mitigate Hefty Expected Tariffs On China-Built Port Cranes
By Lisa Baertlein LOS ANGELES, July 11 (Reuters) – U.S. seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President Donald Trump’s administration...
From
Mike Schuler
via
gCaptain
Trump Admin Cancels Offshore Patrol Cutters at Eastern Shipbuilding Over Delays and Rising Costs
Department of Homeland Security Secretary Kristi Noem announced yesterday the partial termination of a contract with Eastern Shipbuilding Group (ESG) for two Offshore Patrol Cutters (OPCs), citing significant delays and...
From
Mike Schuler
via
gCaptain
HD Hyundai Advances Humanoid Welding Robots for Shipbuilding
Two units of South Korean shipbuilding conglomerate HD Hyundai have signed a strategic partnership agreement with Germany’s NEURA Robotics to develop specialized humane-like welding robots for the shipbuilding industry. The...
From
Bloomberg
via
gCaptain
U.S. Customs Revenue Tops $100 Billion for First Time Amid Tariff Surge
US revenue from customs duties this fiscal year surpassed $100 billion for the first time, reflecting higher tariffs imposed by the Trump administration.
From
Reuters
via
gCaptain
‘All Crew Muslim’: Ships Look to Dodge Red Sea Attacks With Messages
Commercial ships still sailing through the Red Sea are broadcasting messages about their nationality and even religion on their public tracking systems to avoid being targeted by Yemen's Houthis after deadly attacks this week by the militia.
From
The Loadstar
via
gCaptain
Asian-Europe Container Freight Rally Pauses as Spot Rates Soften
It seems the recent container freight spot rate rally on the Asia-North Europe trade might have come to an end, at least temporarily.
From
Mike Schuler
via
gCaptain
Vancouver Port Authority Begins Bidding Process for $3 Billion Container Terminal to Boost Trade Capacity
The Vancouver Fraser Port Authority has initiated the procurement process for the Roberts Bank Terminal 2 Project, marking a significant milestone for Canada’s trade infrastructure development. The authority is seeking...
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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....