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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
Jim Roemer
via
Barchart
Weak La Niña finally forming: Here comes the Polar Vortex! & Have grain prices finally bottomed?
Jim's outlook on the ramifications of La Niña, and the potential impact on grains and natural gas futures in the weeks ahead
From
Austin Schroeder
via
Barchart
Corn Action Quiet Leading into Christmas
Corn futures closed the prelude to Christmas with contracts steady to 1 ½ cents higher across the board. The national average Cash Corn price from cmdtyView was up 3/4 cent at $4.19 ¼. The markets will close early on Tuesday, as well as all day on Wednesday in observation of...
From
Austin Schroeder
via
Barchart
Wheat Falls Back on Tuesday
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 Post Christmas Eve Gains
The soybean market posted a Turnaround Tuesday bounce of 5 to 8 cents ahead of Wednesday’s Christmas break. 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 Oil futures were down 21 to 39 points on the...
From
Reuters
via
gCaptain
Israel Pushes EU to Designate Houthis as Terrorists
Israel has instructed its diplomatic missions in Europe to try to get the Iran-backed Houthi rebel group in Yemen designated as a terrorist organization.
From
Mike Schuler
via
gCaptain
Coast Guard Begins Construction of First Heavy Polar Icebreaker in Five Decades
The U.S. Coast Guard has received approval to commence construction of its first heavy polar icebreaker in more than 50 years. The milestone announcement comes as the service also reveals...
From
Austin Schroeder
via
Barchart
Wheat Weakness Creeping Back in on Short Session
The wheat market is trading with weaker action across the three exchanges on Tuesday. Chicago SRW futures are down 5 to 6 cents this far on the session. KC HRW contracts are 6 to 7 cents lower across most contracts. MPLS spring wheat futures are 4 to 5 cents in...
From
Austin Schroeder
via
Barchart
Soybeans Trading with Christmas Eve Gains
The soybean market is posing a Turnaround Tuesday bounce back of 2 to 4 cents ahead of Wednesday’s Christmas break. CmdtyView’s national front month Cash Bean price is up 2 1/2 cents at $9.21 ¾. Soymeal futures are back up $1.90/ton. Soy Oil futures are down 39 points so far...
From
Austin Schroeder
via
Barchart
Corn Trade Quiet Ahead of Holiday
Corn futures are showing slightly higher price action at midday, with contracts up fractionally to a penny ahead of the Christmas trade break. The national average Cash Corn price from cmdtyView is up 1/2 cents at $4.19. The markets will close early on Tuesday, as well as all day on...
From
Austin Schroeder
via
Barchart
Wheat Slipping Lower on Christmas Eve Morning
Wheat is showing slight losses ahead of the holiday on Tuesday morning. The wheat market posted Monday gains to start the holiday week across all three markets. Chicago SRW futures were up 6 to 8 1/4 cents on the session. KC HRW contracts posted gains of 4 ¾ to 6...
From
Austin Schroeder
via
Barchart
Soybeans Sneaking Back Higher to Start Tuesday Tade
The soybean market is showing a slight bounced back trade on Tuesday morning, up 1 to 2 cents. Soybeans closed out the Monday session steady to 5 cents lower across the board. CmdtyView’s national front month Cash Bean price was down 5 cents at $9.18 ¼. Soymeal futures were back...
From
Austin Schroeder
via
Barchart
Corn Steady to Kick Off Christmas Eve
Corn is sticking closed to unchanged as the futures trade ahead of the holiday. The corn market held onto steady to 1 ¾ cent gains to close out Monday. The national average Cash Corn price from cmdtyView was up 1 1/2 cents at $4.18 1/2. The markets will close early...