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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
Wheat Backing of on Thursday’s Midday
The wheat market is trading with contracts in the red so far on Thursday. Chicago SRW futures are down 3 to 5 cents across the nearbys at midday. KC HRW contracts are down 5 to 7 cents in the front months so far on the Thursday session. MPLS spring wheat...
From
Austin Schroeder
via
Barchart
Soybeans Rallying to Start the New Year
The soybean market is kicking off 2025 with contracts extending strength, as futures are up 3 to 4 cents so far. There were 380 deliveries issued against January soybean futures on New Years Eve. CmdtyView’s national front month Cash Bean price is up 2 1/4 cents at $9.57. Soymeal futures...
From
Austin Schroeder
via
Barchart
Corn Extending Highs into 2025
Corn futures are trading with fractional to as much as 3 cent gains on Thursday as the market kicks off trade in 2025. The national average Cash Corn price from cmdtyView is up 1 1/2 cents at $4.31. The delayed weekly EIA report showed a total of 1.111 million barrels...
From
Malte Humpert
via
gCaptain
Russia Sets New Arctic Shipping Record, Transports 38Mt in 2024 via Northern Sea Route
Cargo volume on Russia’s main Arctic shipping lane continues to climb, although figures remain below the targets originally defined by President Putin earlier in the decade. Western sanctions have delayed or put on hold a number of oil and gas projects negatively impacting overall cargo volume.
From
Reuters
via
gCaptain
Finland Power Grid Operator Asks Court to Seize Tanker Over Cable Damage
Finland's power grid operator Fingrid said on Thursday it had asked a Helsinki court to seize the Eagle S oil tankerin a bid to secure the company's claim for damages related to the breakdown of the Estlink 2 electricity cable.
From
Mike Schuler
via
gCaptain
Red Sea Diversions Helped Container Shipping Dodge Overcapacity Crisis
The container shipping industry dodged a potential overcapacity crisis in 2024, thanks to an unexpected savior: the Red Sea crisis that forced vessels to take longer routes around Africa’s Cape...
From
Mike Schuler
via
gCaptain
FuelEU Maritime Takes Effect: Shipping Industry Faces Historic Emissions Challenge as 2025 Begins
The European Union’s landmark FuelEU Maritime regulation came into force on January 1, 2025, marking a watershed moment for the shipping industry’s decarbonization efforts. The regulation targets vessels over 5,000...
From
Mike Schuler
via
gCaptain
USCGC Polar Star Departs Sydney on Antarctic Resupply Mission
The U.S. Coast Guard’s only heavy icebreaker, USCGC Polar Star (WAGB 10), has departed Sydney to begin its Antarctic mission supporting Operation Deep Freeze 2025. The departure marks the vessel’s...
From
Mike Schuler
via
gCaptain
Costly ‘Spirit of Boston’ Fire Caused by Improperly Extinguished Chafing Fuel, NTSB Finds
An improperly extinguished chafing fuel canister sparked a costly fire aboard the passenger vessel Spirit of Boston while it was moored at Commonwealth Pier in Boston Harbor, according to findings...
From
Austin Schroeder
via
Barchart
Wheat Traders Look to 2025
The wheat market with open at 8:30 CST this morning. They closed Tuesday with gains across the three markets. Chicago SRW futures were up 2 ½ to 3 ½ cents across the board on Tuesday. KC HRW contracts also posted gains of 2 ½ to 3 ½ cents at the...
From
Austin Schroeder
via
Barchart
Corn Looks to Kick off 2025 Trade
The corn market will open at 8:30 am CST this morning. Corn futures rallied to close out 2024, as March neared the June high on the spot price. Contracts were up 3 ¾ to 6 ¼ cents on Tuesday. Preliminary open interest showed net new buying, up 13,688 contracts. The...