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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
Mike Schuler
via
gCaptain
Meet Fanzhou 8, China’s Massive New Heavy-Lift Submersible
The semi-submersible heavy lift ship Fanzhou 8 has completed sea trials and returned to Taizhou Zhonghang Shipyard on December 22, according to Chinese officials. Built by Taizhou Zhonghang Shipyard for Jiangsu Fanzhou...
From
Reuters
via
gCaptain
Trump Names Panama Envoy Amid Threats to Retake Canal
U.S. President-elect Donald Trump has picked Miami-Dade County Commissioner Kevin Marino Cabrera to serve as ambassador to Panama after having threatened for the U.S. to reassert control over the Panama Canal it handed over 25 years ago.
From
Reuters
via
gCaptain
Russia Says Terrorist Attack Sunk Cargo Ship ‘Ursa Major’
A Russian cargo ship that ran into troubleon Monday in the Mediterranean Sea and later sank was rocked by a series of three explosions in "an act of terrorism," state news agency RIA cited the vessel's owner as saying on Wednesday.
From
Bloomberg
via
gCaptain
Red Sea Diversions Cost Egypt $7 Billion in Lost Canal Revenue
Red Sea disruptions — a consequence of Houthi maritime attacks — have cost Egypt at least $7 billion in Suez Canal revenue this year, the country’s presidency said in a statement Thursday.
From
Darin Newsom
via
Barchart
What's Behind the Real Breakdown of the Brazilian Real?
This week has seen the Brazilian Real fall to a new all-time low versus the US dollar.
From
Malte Humpert
via
gCaptain
Russia’s First Domestically Built LNG Carrier Begins Sea Trials, Poised to Strengthen Arctic ‘Shadow Fleet’
In a significant step to expand Russia’s domestic shipbuilding portfolio the Zvezda shipyard has completed work on its first LNG vessel. Ice-capable gas carrier Aleksey Kosygin departed from the yard near Vladivostok for sea trials on December 25.
From
Reuters
via
gCaptain
Finland Police Investigate Foreign Ship After Power Cable Outage
Finnish police are investigating whether a foreign ship was involved in the damage of an undersea power cable connecting Finland and Estonia following a sudden outage on Wednesday, the police said on Thursday.
From
Austin Schroeder
via
Barchart
Wheat Trade Looks to Thursday Trade
The wheat market posted weaker action across the three exchanges on Tuesday, leading into Christmas. Chicago SRW futures were down 3 ¾ to 5 ¾ cents on the session. KC HRW contracts fell 6 ¼ to 7 ¼ cents lower across the board. MPLS spring wheat futures were 5 to...
From
Austin Schroeder
via
Barchart
Soybeans Set to Open Trading After Christmas
The soybean market posted a Turnaround Tuesday bounce of 5 to 8 cents ahead of Wednesday’s Christmas break. Preliminary open interest showed some short covering, down 10,851 contracts. CmdtyView’s national front month Cash Bean price was up 5 3/4 cents at $9.24. Soymeal futures were up $3.40 to $4.20/ton. Soy...
From
Austin Schroeder
via
Barchart
Corn Looks to Resume Post-Christmas Trade
Corn futures closed the prelude to Christmas with contracts steady to 1 ½ cents higher across the board. Volume was limited at just 191,901 contracts. The national average Cash Corn price from cmdtyView was up 3/4 cent at $4.19 ¼. The markets will resume trading at 8:30 am CST this...
From
Malte Humpert
via
gCaptain
Russia’s First Domestically Built LNG Carrier Begins Sea Trials, Poised to Strengthen Arctic ‘Shadow Fleet’
In a significant step to expand Russia’s domestic shipbuilding portfolio the Zvezda shipyard has completed work on its first LNG vessel. Ice-capable gas carrier Aleksey Kosygin departed from the yard near Vladivostok for sea trials on December 25.