Shipping Industry News

The Department of the Navy has released its Fiscal Year 2027 Shipbuilding Plan, laying out a sweeping 30-year strategy to expand the fleet, overhaul naval acquisition, and revive the U.S....

The US and Iran remain far apart on a framework to end their war and reopen the Strait of Hormuz, with President Donald Trump calling the Islamic Republic’s reply to his proposed peace plan unworkable.

A bipartisan group of U.S. senators is urging President Donald Trump to prioritize American shipbuilding and avoid concessions to China during his upcoming summit with Chinese President Xi Jinping, arguing...

Crude oil prices are actually bullish for the grain markets. Grain traders should soon start to realize that.

A fire broke out Monday aboard DCOR’s offshore Platform Habitat in the Santa Barbara Channel, prompting a multi-agency emergency response from the U.S. Coast Guard and local fire authorities. According...

Soybeans are trading with 5 to 7 cent gains at midday. The cmdtyView national average Cash Bean price is up 6 1/4 cents at $11.47 3/4. Soymeal futures is up $5.10 to $6.20, with Soy Oil futures 20 to 75 points lower. There were another 250 deliveries against May bean...

The wheat complex is rallying on Monday, with gains across the three markets. Chicago SRW futures are posting 13 to 15 cent gains in the front months on Monday. There was single delivery issued against May CBT wheat on Friday higher, with 16 deliveries against May KC wheat. KC HRW...

Corn futures are trading with contracts up 4 to 5 ½ cents across the nearbys on Monday. The CmdtyView national average Cash Corn price is up 4 1/2 cents to $4.34 1/4. USDA reported a couple private export sales of corn this morning, with 380,000 MT (220,000 MT for 2025/26...

Saudi oil giant Saudi Aramco says the Strait of Hormuz disruption has become a stark reminder of how dependent the global economy remains on reliable energy supplies, with the company revealing it...

As long as the Strait of Hormuz remains unsettled, the US Navy faces millions of dollars in extra costs each time it sends a destroyer through the waterway, and such passages on their own are unlikely to reopen it.

Italian shipbuilding giant Fincantieri reported a record backlog and stronger profitability in the first quarter of 2026, underscoring continued strength in the cruise and naval shipbuilding markets even as defense revenues normalized...

Danish shipping giant D/S NORDEN says the ongoing Persian Gulf conflict and disruption to the Strait of Hormuz are having sharply different effects across global shipping markets, hammering dry cargo operations while...