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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
60 Minutes Catches Up to America’s Shipbuilding Crisis Long Flagged by Maritime Industry
The U.S. shipbuilding crisis broke into the national spotlight this week as 60 Minutes took a closer look at the growing gap between American shipyards and their Asian rivals—something maritime industry insiders...
From
Reuters
via
gCaptain
Oil Prices Have Not Climbed Enough to Cause Demand Destruction, US Energy Secretary Says
Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued to gyrate and global oil prices remained near $100 a barrel due to the U.S.-Israeli war on Iran.
From
Oliver Sloup
via
Barchart
Headline Risks Remain High in Ag Markets
Headline risks remain high across asset classes, creating shorter term opportunities on both sides of the market. Oliver Sloup joins RFD-TV to break down for you.
From
Mike Schuler
via
gCaptain
Trump Administration Reimburses TotalEnergies $928M to Scrap Offshore Wind Leases, Pivot to LNG
The Trump administration has struck a $928 million deal with TotalEnergies to abandon two major U.S. offshore wind leases and redirect the capital into LNG and oil and gas development, marking a decisive shift in strategy after federal courts blocked efforts to halt projects on national security grounds.
From
Reuters
via
gCaptain
Trump Postpones Iran Power Plant Threat as Hormuz Crisis Hangs in Balance
U.S. President Donald Trump said on Monday he had given orders to postpone any military strikes against Iranian power plants for five days, hours ahead of a deadline that threatened further escalation in the conflict now in its fourth week.
From
Austin Schroeder
via
Barchart
Wheat Slipping on Monday Morning
Wheat is trading with losses across the front months on Monday AM, despite higher overnight action. The wheat complex faced pressure across the three markets on Friday. Chicago SRW futures were 12 to 13 1/2 cents lower, as May fell 18 ½ cents. KC HRW futures were 21 to 21...
From
Austin Schroeder
via
Barchart
Soybeans Sitting Positive on Monday Morning
Soybeans are trading with steady to 2 cent higher trade so far on Monday AM trade after a busy morning of trade. Futures were under pressure on Friday, with contracts down 5 to 11 ¼ cents across the board. May was down 64 cents on the week. Friday’s open interest...
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From
Austin Schroeder
via
Barchart
Corn Nears Last Weeks High on Thursday’s Rally
Corn futures closed out the Thursday session with contracts 3 ¾ to 6 ½ cents higher across the board. Futures were closing in on the highs set on last week’s initial spike. The CmdtyView national average Cash Corn price was up 6 3/4 cents to $4.27 ¾. Export sales data...
From
Mike Schuler
via
gCaptain
‘Inaction Is Not an Option’: UN Shipping Body Condemns Hormuz Attacks as Crisis Deepens
The International Maritime Organization (IMO) has issued a forceful condemnation of attacks on commercial shipping in the Middle East, warning that the situation in the Strait of Hormuz poses a “grave...
From
Chris Swift
via
Barchart
Shootin' the Bull about current events
This current event of military action is as unpredictable as anything I've seen due to seemingly only a few creating the chaos. I am in anticipation of significant unforeseen and unintended consequences to the recent military actions.
From
Mike Schuler
via
gCaptain
Trump Administration Shuts Down Export Ban Rumors as Trump Moves to Cool Oil Prices
U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum moved swiftly to quash speculation that Washington could restrict energy exports, issuing coordinated statements reaffirming that no such policy is under consideration—even as the Middle East crisis sends shockwaves through global energy markets.
From
Mike Schuler
via
gCaptain
WTO Warns Middle East Conflict Could Cut Global Trade Growth as Energy, Shipping Risks Mount
The World Trade Organization is warning that global trade growth will slow sharply in 2026—and could weaken further if elevated energy prices tied to the Middle East conflict persist.
From
Mike Schuler
via
gCaptain
Second Strike? Safeen Prestige Reported Burning Near Hormuz
A containership already at the center of one of the deadliest incidents in the Strait of Hormuz crisis may have been struck again, with early reports indicating the vessel is now burning following a possible overnight attack.
From
Reuters
via
gCaptain
U.S. May Remove Sanctions on Iranian Oil Stranded at Sea
The U.S. may soon remove sanctions from Iranian oil that is stranded on tankers to help lift global supplies and reduce prices, U.S. Treasury Secretary Scott Bessent said on Thursday.
From
Austin Schroeder
via
Barchart
Soybeans Posting Midday Gains as Meal Rallies
Soybeans are trading with 5 to 7 cent gains so far on Thursday. The cmdtyView national average Cash Bean price is up 5 ¾ ents at $10.93 1/2. Soymeal futures are $11 to $13.20 higher on the day, with Soy Oil futures 6 points lower. The weekly Export Sales report...
From
Austin Schroeder
via
Barchart
Wheat Mixed at Midday
The wheat complex is showing mixed trade on Thursday, with KC weaker. Chicago SRW futures are 3 to 4 cents higher so far on Thursday. KC HRW futures are down 2 to 4 cents in the nearbys. MPLS spring wheat is 2 to 3 cents higher in the front months....
From
Austin Schroeder
via
Barchart
Corn Holding Higher on Thursday
Corn futures are trading with 5 to 7 cent gains so far on Thursday. The CmdtyView national average Cash Corn price is up 6 ¼ cents to $4.26 1/4 Export sales data from this morning showed 1.17 MMT of old crop corn sold in the week ending on 3/12, in...
From
Reuters
via
gCaptain
Iran Attack Wipes Out 17% of Qatar’s LNG Capacity for up to Five Years
Iranian attacks have knocked out 17% of Qatar's liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy's CEO told Reuters on Thursday.
From
Mike Schuler
via
gCaptain
Container Spot Rates Edge Higher: Transpacific Leads Gains, Hormuz Crisis Pushes Costs Higher
The Drewry World Container Index (WCI) rose 2% this week to $2,172 per 40-foot container, marking a third consecutive weekly increase as strength on Transpacific routes continues to support the...