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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
Malte Humpert
via
gCaptain
Canada Bets $11 Billion on Six New Icebreakers as Arctic Shipbuilding Race Accelerates
Canada is committing more than C$11 billion ($7.95 billion) to build six new icebreakers for the Canadian Coast Guard, the country’s biggest shipbuilding contract in Quebec’s history, as Arctic nations race to replace aging fleets and expand their ability to operate in increasingly strategic northern waters.
From
Mike Schuler
via
gCaptain
Cost to Ship a VLCC Through Hormuz Hits $20 Million, TotalEnergies CEO Says
By Mitchell Ferman and Alex Longley (Bloomberg) — The cost of shipping oil cargoes on a supertanker through the Strait of Hormuz is about $20 million, the boss of TotalEnergies SE...
From
Mike Schuler
via
gCaptain
Houthis Escalate Saudi Shipping Campaign With VLCC Strike
UKMTO says a tanker was struck by an unknown projectile about 63 nautical miles west of Yanbu, Saudi Arabia, early Monday, sparking a fire on the main deck. All crew...
From
Malte Humpert
via
gCaptain
Finnish Icebreaker ‘Nordica’ Departs for Canada in Support of Arctic Mission
Finland’s multipurpose icebreaker Nordica has departed for Canada, where it will provide icebreaking and ice-management services to the Canadian Coast Guard in the Arctic later this year, marking a new step in Finland’s expanding role in the North American icebreaking sector.
From
Reuters
via
gCaptain
Rhine Water Rises Sharply After Rain, Ships Able to Load More Cargo
The river Rhine in Germany has risen sharply after recent rain, the country’s inland navigation agency said on Monday, with vessels able to load more freight although problems with shallow water persisted.
From
Bloomberg
via
gCaptain
Shipping Tycoon Kuehne, Germany’s Richest Person, Dies at 89
Klaus-Michael Kuehne, the shipping heir and Germany’s wealthiest individual, who expanded Kuehne + Nagel International AG into one of the world’s biggest sea and air freight forwarders, has died. He was 89.
From
Reuters
via
gCaptain
Search Continues For 22 After Bulk Carrier Sinks Off India
By Jatindra Dash, Nidhi Verma and Saurabh Sharma NEW DELHI, Aug 23 (Reuters) – India’s Coast Guard and Navy continued search-and-rescue operations off the eastern coast on Sunday after a Panama-flagged cargo vessel carrying 24 crew...
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From
Austin Schroeder
via
Barchart
Corn Bulls Pushing Higher on Friday
Corn futures are trying to extend their 6-month highs at Friday’s midday, with contracts up fractionally to 1 ½ cents across the front months. The national average Cash Corn price from cmdtyView is up a penny at $4.25 1/4. Export Sales data showed a total of 1.711 MMT of 2024/25...
From
Austin Schroeder
via
Barchart
Soybean Pop Put on Pause on Friday
Soybeans are trading with 4 to 6 cent losses as futures trade through midday. CmdtyView’s national front month Cash Bean price is down 5 1/4 cents at $9.32 3/4. Soymeal futures are putting the short covering on pause for Friday, with contracts back down $2.70/ton. Soy Oil futures are trading...
From
Mike Schuler
via
gCaptain
China Delivers Arctic-Capable Research Vessel, Expanding Polar Presence
China has delivered its first scientific research vessel designed for global deep-sea exploration, marking a significant advancement in the nation’s polar and deep-sea capabilities. The Tan Suo San Hao (Exploration...
From
Reuters
via
gCaptain
Norwegian Shipping Company Denies Russia’s Claim it Refused to Help Sinking Ship
A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.
From
Bloomberg
via
gCaptain
Israel Hits the Houthis in Yemen After Their Slow Escalation
Israel struck multiple targets in Yemen it said were controlled by Houthis, the last of the Iran-backed groups still fully engaged in the regional war that began 14 months ago.
From
Mike Schuler
via
gCaptain
EUKOR Car Carriers Secures ‘Historic’ $4.2 Billion Contract with Hyundai, Kia
EUKOR Car Carriers, a subsidiary of Wallenius Wilhelmsen, has secured a renewed and expanded contract with Hyundai Motor Car and Kia Motor Car corporations. The landmark agreement, valued at USD...
From
Mike Schuler
via
gCaptain
Venture Global’s Plaquemines LNG Project Ships First Cargo to Europe
Venture Global marked a significant milestone with the successful departure of its first liquefied natural gas cargo from the Plaquemines LNG facility, making it the eighth LNG export facility in the...
From
Oliver Sloup
via
Barchart
Corn Trades to Multi-Month Highs. Is the Rally Just Getting Started?
Grain futures moved higher in Thursday’s trade which has reinvigorated the hopes and dreams of a bigger rally to start a new year. Is that realistic or is this an opportunity for sellers to pounce?
From
Austin Schroeder
via
Barchart
Wheat Showing Slight Losses Ahead of Export Sales Data
Wheat is trading with contracts lower across the three exchanges. The wheat market pushed higher across the three markets on Thursday. Chicago SRW futures were up 4 ¾ to 7 cents on the session. KC HRW contracts closed with 7 to 8 cent gains across the board. MPLS spring wheat...
From
Austin Schroeder
via
Barchart
Corn Slipping Back on Friday AM
Corn is slipping back lower to start Friday trade, down fractionally to a penny. Futures came out of the Christmas holiday break with contracts up 2 ¾ to 6 ½ cents and hitting the highest prices since June. Preliminary open interest was up 8,229 contracts, showing net new buying. The...
From
Austin Schroeder
via
Barchart
Soybeans Pulling Back to Kick off Friday
Soybeans are trading with slight weakness on Friday morning, as contracts are down 2 to 3 cents. The soybean market closed out the Thursday session with contracts up 12 ¼ to 17 ½ cents across the board. CmdtyView’s national front month Cash Bean price was 13 cents at $9.37. Soymeal...
From
Reuters
via
gCaptain
NATO to Boost Baltic Sea Presence After Power, Internet Cable Damage
NATO said on Friday it will boost its presence in the Baltic Sea after the suspected sabotage this week of an undersea power cable and four internet lines, while alliance member Estonia launched a naval operation to guard a parallel electricity link.