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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
Bloomberg
via
gCaptain
Trump Rejects Iran Truce Extension as Oil Tops $90
The prospects for peace in the Middle East suffered a fresh setback, with President Donald Trump saying he’s not interested in extending the expiring agreement with Iran and fighting flaring anew in Lebanon.
From
Bloomberg
via
gCaptain
Abu Dhabi Wealth Fund L’imad’s Ports Deal Signals Growing Role
Abu Dhabi wealth fund L’imad Holding is offering to buy out minority shareholders in the city’s port operator valuing the firm at 31.8 billion dirhams ($8.66 billion), potentially bolstering the emirate’s efforts to build out infrastructure that could help it bypass the Strait of Hormuz.
From
Reuters
via
gCaptain
Iran Threatens to Go On Offensive in Strait of Hormuz if Diplomacy With US Fails
Iran has decided to shift its policy from defensive to "fully offensive" due to the deadlock in efforts to agree a permanent end to its war with the United States, a senior Iranian official told Reuters on Monday.
From
Mike Schuler
via
gCaptain
Trump Administration Moves Closer to Pacific Seabed Mining Lease Sale
The Trump administration is moving closer to a potential offshore critical minerals lease sale near the Northern Mariana Islands, advancing another piece of its broader effort to develop seabed mineral...
From
Mike Schuler
via
gCaptain
Nine Workers Killed at Hong Kong Convention-Certified Shipbreaking Yard in Bangladesh
Nine workers were killed after being exposed to toxic gas while dismantling an LNG carrier at a shipbreaking yard in Bangladesh, renewing scrutiny of safety conditions at South Asian recycling...
From
Mike Schuler
via
gCaptain
Panama Canal Marks 112 Years With an Eye on the Future
The Panama Canal marked its 112th anniversary over the weekend with vessel traffic on the rise, even as officials prepare for a strengthening El Niño that is again putting pressure...
From
Mike Schuler
via
gCaptain
Armed Pirates Hijack Cargo Ship Off Somalia
A cargo ship has been hijacked off the coast of Somalia after eight armed attackers boarded the vessel and seized control, according to the United Kingdom Maritime Trade Operations center....
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From
Mike Schuler
via
gCaptain
EU Unveils 21st Russia Sanctions Package Targeting Shadow Fleet, Banks, LNG Tankers
The European Commission on Tuesday proposed a sweeping 21st package of sanctions against Russia, targeting the country’s financial sector, shadow fleet operations, energy exports, and military supply chains as Brussels...
From
Reuters
via
gCaptain
Russia Holds Naval Drills in Baltic Sea During Major NATO Exercises
Russia's navy has conducted military drills in the Baltic Sea, practicing unguided missile launches, bombing runs and missile strikes, it said, as major U.S.-NATO exercises also took place in the region, the Interfax news agency reported on Tuesday.
From
Bloomberg
via
gCaptain
Kuwait Offers Oil to Asian Buyers for First Time Since War
Kuwait is offering to sell its crude to refiners in Asia for the first time since the Iran war started, the latest indication of rising oil flows through the Strait of Hormuz.
From
Malte Humpert
via
gCaptain
Russia Reactivates Arctic LNG Route to Asia as Icebreaking Carrier Completes Rare Early-Summer Transit
Russia has reopened its seasonal eastern export corridor for liquefied natural gas from the sanctioned Arctic LNG 2 project after the icebreaking LNG carrier Christophe de Margerie completed a rare early-summer voyage along the Northern Sea Route (NSR), signaling the start of the 2026 navigation season to Asia.
From
Bloomberg
via
gCaptain
Newbuild Supertanker Orders Hit Record High, Surpassing 2008 Peak
The world’s shipowners have placed orders for a record number of new oil supertankers, surpassing a boom back in 2008 that ultimately led to a glut and a collapse in rates.
From
Sponsored
via
gCaptain
Clearing the Strait: How Autonomous Systems Are Redefining Mine Countermeasure Operations
A mine doesn’t have to strike a ship to disrupt global commerce. In the Strait of Hormuz, the threat of mines alone has sparked uncertainty across the entire maritime industry,...
From
Mike Schuler
via
gCaptain
Senators Urge Trump Administration to Reinstate Port Fees on Chinese Ships
U.S. Senators Mark Kelly (D-Ariz.) and Elizabeth Warren (D-Mass.) are pressing the Trump administration to reinstate suspended port fees on Chinese-linked vessels, arguing the measures are critical to rebuilding America’s...
From
Mike Schuler
via
gCaptain
U.S. Forces Disable Sanctioned Shadow-Fleet Tanker Bound for Iran
U.S. forces disabled a tanker linked to Iran’s shadow fleet in the Gulf of Oman on Monday, marking the seventh commercial vessel interdicted since Washington imposed a maritime blockade on...
From
Bloomberg
via
gCaptain
Why Oil’s Not at $200 After the Biggest Supply Shock in History
For decades, oil traders, executives and analysts warned that closing the Strait of Hormuz would be a global economic catastrophe.
From
Reuters
via
gCaptain
Why the Iran-aligned Houthis Threatening Red Sea Shipping Could Mean More for the Oil Market This Time
June 8 – Yemen’s Iran-aligned Houthis said on Monday that they would ban ships linked to Israel from the Red Sea after Israel renewed its military attacks on Iran, adding to concerns about global shipping and energy...
From
Mike Schuler
via
gCaptain
U.S. Container Imports Get Temporary Boost Before Expected Slowdown
U.S. containerized imports are expected to post another year-over-year increase in June as retailers accelerate shipments ahead of potential tariff changes and rising transportation costs, but volumes are forecast to...
From
Mike Schuler
via
gCaptain
Crew Evacuated After ‘Suspicious’ Tanker Fire Near Oman’s Masirah Island
A tanker caught fire off the coast of Oman on Monday, forcing the evacuation of its crew and prompting a coordinated response by Omani and Indian authorities, according to a...