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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
Bloomberg
via
gCaptain
First Supertanker to Be Scrapped in Two Years Is a Dark Ship
The Amor, a Cameroon-flagged vessel known to have transported Iranian oil, has become the first supertanker to be registered for demolition in more than two years, a sign that increased scrutiny on ships hauling sanctioned crude is raising pressure on operators.
From
Darin Newsom
via
Barchart
Is Boxed Beef a Good US Economic Indicator?
Two markets stood out to me overnight through early Friday morning: Natural gas with its 4.0%-plus rally and Boxed Beef coming in hot.
From
Austin Schroeder
via
Barchart
Corn Post Jolly Trade on Thursday
Corn futures came out of the Christmas holiday break with contracts up 2 ¾ to 6 ½ cents and hitting the highest prices since June. The national average Cash Corn price from cmdtyView was up 5 cents at $4.24 1/4. Weekly EIA data has been pushed back to a Friday...
From
Austin Schroeder
via
Barchart
Wheat Posts Gains Out of Christmas Break
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 futures were 3 ½ to 4 3/4 cents in the...
From
Austin Schroeder
via
Barchart
Soybeans Rally on Soymeal Short Covering
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 futures led the rally on Argentine dryness, with contracts up $9.60 to $13.30/ton higher. Soy Oil futures...
From
Andrew Hecht
via
Barchart
Do Grains and Oilseed Futures Offer Value for 2025?
After reaching multi-year highs, and in CBOT wheat’s case, an all-time peak in 2022, grain and oilseed futures prices have plunged. Farmers in the Northern Hemisphere are on vacation after the 2024 harvest, hoping that 2025 will be a better year and prices can rebound.
From
Bloomberg
via
gCaptain
Russian LNG Carrier Forced to Store Sanctioned Cargo After Failed Four-Month Search for Buyers
A vessel carrying a sanctioned shipment of Russian liquefied natural gas appears to be offloading the fuel into storage in the nation’s far east, having failed to find a buyer willing to circumvent US restrictions despite a four-month, across-the-world journey.
From
Chris Swift
via
Barchart
Shootin' the Bull about the stopping the beating when morale improves.
Of one thing that is for sure, with packing and production capacity well over the number of animals to take care of, rationing will continue.
From
Reuters
via
gCaptain
Israel Hits Back at Houthis in Yemen
Israel struck multiple targets linked to the Iran-aligned Houthi movement in Yemen on Thursday, including Sanaa International Airport, and Houthi media said three people were killed.
From
Austin Schroeder
via
Barchart
Wheat Popping Higher on Thursday
The wheat market is trading with gains on Thursday’s midday across all three markets. Chicago SRW futures are up 8 to 9 cents on the session. KC HRW contracts are 9 to 10 cents lower across the nearby contracts. MPLS spring wheat futures are 6 to 7 cents in the...
From
Austin Schroeder
via
Barchart
Soybeans Rallying with Meal as Specs Covering Shorts on Argentine Dryness
The soybean is trading with double digit 10 to 15 cent gains so far on Thursday as the meal rally is providing product support. CmdtyView’s national front month Cash Bean price is up 11 1/2 cents at $9.35 1/2. Soymeal futures are $11.80/ton higher at midday. Soy Oil futures are...
From
Austin Schroeder
via
Barchart
Corn Bulls Feeling Jolly After Christmas Break
Corn price action is trading 3 to 5 cents higher so far on Thursday’s midday, as traders come out of the Christmas Holiday. The national average Cash Corn price from cmdtyView is up 3 1/4 cent at $4.22 1/2. Weekly EIA data has been pushed back to a Friday morning...