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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
Saronic Wins Navy Production Contract for 180-Foot Autonomous Surface Vessel
Saronic Technologies has won a U.S. Navy production contract for its 180-foot Marauder autonomous surface vessel after completing an at-sea evaluation that put the ship through more than 140 scenarios over eight...
From
Mike Schuler
via
gCaptain
Cheniere Signs 22-Year LNG Supply Deal With Petrobras
Cheniere Energy has signed a 22-year agreement to supply Brazil’s Petrobras with U.S. liquefied natural gas, adding another long-term customer as the company looks to support further expansion of its...
From
Bloomberg
via
gCaptain
Russian Crude Exports Boom Blunted by Kremlin’s Diesel Sales Ban
Russia shipped the most crude in a month-and-a-half, while a jump in prices propelled the value of those cargoes close to the highest since the start of the invasion of Ukraine in 2022. But the benefits to the Kremlin are being undermined by its ban on overseas diesel sales.
From
Paul Morgan
via
gCaptain
Old Hulls, New Money: Why the VLCC Market Has Stopped Counting Years
For most of shipping history, the valuation equation has been straightforward. A ship leaves the yard, begins ageing and progressively loses value. New steel commands the premium. Older steel trades at a discount.
From
Reuters
via
gCaptain
Trump Denies Offering Iran Sanctions Relief, Tehran Says it is Ready for Talks
US President Donald Trump said he has offered Iran nothing to end the war, rejecting media reports that cited US officials saying he was willing to ease sanctions and release frozen funds for "concrete" steps regarding Iran's nuclear program.
From
Mike Schuler
via
gCaptain
Maersk Expands Fuel Options With First U.S. Ethanol Bunkering
A.P. Moller-Maersk has bunkered one of its dual-fuel containerships with 100% U.S.-produced corn ethanol, marking what the company says is the first ship-to-ship commercial ethanol bunkering of a deep-sea container...
From
Mike Schuler
via
gCaptain
Fog of War Deepens in Hormuz as Ship Attacks Go Unreported for Days
The maritime picture in the Strait of Hormuz is becoming harder to verify, with another delayed report of a vessel strike raising questions over how much of the fighting is...
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From
Bloomberg
via
gCaptain
Trump Pushing for Diesel Export Ban Amid Surging Fuel Prices
By Josh Wingrove and Jennifer A. Dlouhy (Bloomberg) — President Donald Trump said he’s encouraged his advisers to support a ban on US diesel exports, with wars in Iran and Ukraine...
From
Reuters
via
gCaptain
Russia’s Arctic Port Murmansk to Use Fertilizer Equipment to Start Shipping Grain
Russia's Arctic port of Murmansk will use equipment typically used to load fertilizer when it ships its first grain from southern Russia for export as early as next month, as the Black Sea route remains closed due to Ukrainian drone attacks.
From
Bloomberg
via
gCaptain
The Other Hormuz: Black Sea Blockade Threatens a Food Supply Shock
Tue Vuong had secured four cargoes of wheat harvested from fertile lands around the Black Sea, roughly a fifth of what his milling company 5,000 miles away in Vietnam uses annually. Then he was told it wouldn’t get shipped following a summer escalation in Russia’s war with Ukraine.
From
The Loadstar
via
gCaptain
FMC Change Could Revive Older Detention and Demurrage Claims
A potentially significant change at the US Federal Maritime Commission (FMC) has gone largely under the radar, after the regulator confirmed there is no three-year statute of limitations on charge complaints relating to fees assessed on or after 16 June 2022 – leaving carriers exposed to claims that might otherwise have been time-barred.
From
Reuters
via
gCaptain
France Mulls New UN Security Council Resolution on Hormuz
France has started drafting a UN Security Council resolution in coordination with the United States on setting up ?an international mission to restore movement in the Strait of Hormuz, diplomats said on Tuesday.
From
Mike Schuler
via
gCaptain
Trump Calls for Iran’s Economic Isolation at UN as Tehran Offers Hormuz Reopening
US President Donald Trump on Tuesday called for complete economic isolation of Iran, showing no intention to resume talks at the UN General Assembly but saying he believed a deal would be done after the US midterm elections in November.
From
Bruce Kimbrell
via
gCaptain
The Wartime Secretary of the Navy
What Hung Cao’s First Five Months Tell Us About the Job Ahead By Bruce Kimbrell (Policy Op-Ed) Cao paired his leadership selections with what he called “leadership by presence”: placing...
From
Bloomberg
via
gCaptain
Kallas Urges EU to Bolster Red Sea Mission Against Houthi Threat
The European Union’s top diplomat, Kaja Kallas, called for member states to send more naval vessels to protect commercial shipping in the Red Sea.
From
Mike Schuler
via
gCaptain
More Jones Act Waiver Voyages Went Unreported Than Previously Known
The number of foreign-vessel voyages missing from federal Jones Act waiver records appears to be larger than previously known, with new analysis identifying at least 15 movements that never showed...
From
Mike Schuler
via
gCaptain
Trafigura Launches Volare Shipping With $500 Million Oslo Listing Plan
Commodity trading giant Trafigura is launching a new tanker company with plans to raise about $500 million and list the business in Oslo, opening its growing VLCC fleet to outside...
From
Mike Schuler
via
gCaptain
EU Ship Recycling Fight Escalates Over Indian Beaching Yards
A fight over whether Indian shipbreaking yards using the controversial beaching method should qualify under European environmental rules is widening, with steelmakers, recyclers, trade unions and environmental groups now urging...
From
Reuters
via
gCaptain
Global Diesel Prices Hit Record Highs
Diesel prices have rallied in Europe and the United States to record highs as wars in Iran and Ukraine sharply cut exports from some of the biggest producers such as Russia, Saudi Arabia and the United Arab Emirates, with little options to prevent further gains.