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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
Malte Humpert
via
gCaptain
Russia to Spend $6bn To Jumpstart Domestic Shipbuilding, Includes 130 Vessels for Arctic
Russia has announced a RUB 500bn ($6bn) plan to revitalize domestic shipbuilding. The National Strategy for the Development of the Shipbuilding Industry outlines an extensive program to add 1,637 merchant vessels to its fleet by 2036.
From
Bloomberg
via
gCaptain
Hapag-Lloyd CEO Sees ‘Huge Surge’ in Volume Last Few Days
The world’s No. 5 container carrier is seeing a jump in business this week after the US and China lowered tariffs, the company’s CEO said, as the trade war cease-fire unleashes a wave of pent-up demand for transpacific shipping.
From
Darin Newsom
via
Barchart
Are Gold and Wheat Tied at the Hip?
I've seen some discussion about the supposed correlation between gold and wheat as a reason to be bullish the latter (or bearish the former).
From
Austin Schroeder
via
Barchart
Wheat Sees Positive Action on Tuesday
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. Kansas City HRW futures closed with 3 to 4 cent gains. Minneapolis spring wheat futures saw continued weakness, with losses of 3 to 4 cents....
From
Austin Schroeder
via
Barchart
Soybeans Rally from Early Weakness
Soybeans saw contracts pulling well off their lows on Tuesday, with contracts up 1 to 2 cent sin the nearbys. The cmdtyView Cash Bean price was up 1 3/4 cents to $10.22 3/4. Soymeal futures were down $3.80 to $5.20 so far on the day, with Soy Oil futures rallying...
From
Austin Schroeder
via
Barchart
Corn Weakness Extends to Tuesday
The corn market was lower on Tuesday with contracts falling another 4 to 6 cents across the nearbys. The nearby CmdtyView national average Cash Corn price was down 4 3/4 cents at $4.14 3/4. Crop Progress data from Monday afternoon showed the US corn crop at 62% planted as of...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Bean Oil Explodes Higher - Time to Buy Wheat - Buy Feeder Puts
From
Chris Swift
via
Barchart
Shootin' the Bull about "has dessert been served?"
So, the event of shutting the southern border again leads me to think that it is possible this could have been the dessert for this bull market.
From
Walsh Trading
via
Barchart
Chart of the Day - July Soybeans
Soybeans continue to push higher, can the breakout be extended?
From
Mike Schuler
via
gCaptain
Debris in Steering System Causes Bulk Carrier’s $2 Million Collision with Navigation Aid
The National Transportation Safety Board (NTSB) has determined that a piece of O-ring-type material debris caused a steering system failure that led to a bulk carrier’s collision with a navigation...
From
Editorial
via
gCaptain
Maritime EO and SHIPS Act Target Critical Gaps Blocking Military Vets from Merchant Marine Roles
Opinion By Nate Gilman President of Mariner Credential Service LLC, Commander Ander S Heiles, USN and Grant Greenwell, AFNI,
From
Mike Schuler
via
gCaptain
OFAC Adds Multiple Shipping Entities and Two Vessels to SDN List in Iran-Linked Sanctions Update
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has expanded its Specially Designated Nationals (SDN) List to include several maritime entities and vessels linked to Iranian...