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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
Mike Schuler
via
gCaptain
Trump Administration Launches Sweeping New Iran Sanctions Campaign Targeting Shipping and Oil Trade
The Trump administration on Monday launched a sweeping new economic campaign against Iran, expanding the threat of secondary sanctions to the shipping sector while targeting dozens of companies, individuals and...
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.
The APS Information Center
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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...
From
Bloomberg
via
gCaptain
Iran Oil Tycoon ‘Hector’ Plays Key Role in Arms Sales to Russia
An Iranian oil tycoon who’s managed to quietly embed himself in the heart of the Western financial system is among a cadre of businessmen handling weapons deliveries across the Caspian Sea to Russia, helping Moscow in its war in Ukraine.
From
Reuters
via
gCaptain
Russian Cargo Ship Sinks in Mediterranean After Explosion, Russian Foreign Ministry Says
A Russian cargo ship called Ursa Major sank in the Mediterranean Sea overnight after an explosion ripped through its engine room and two of its crew are still missing, the Russian Foreign Ministry said on Tuesday.
From
Ben DiCostanzo
via
Barchart
Hogs Erase Friday’s rally in Front of the Hogs and Pigs Report
Hogs falter
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Slow Day After the Cattle on Feed Report
From
Austin Schroeder
via
Barchart
Wheat Rallies to Begin Christmas Week
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 ½ cents across the board. MPLS spring wheat futures were 4 to...
From
Austin Schroeder
via
Barchart
Soybeans Start the Christmas Week with Losses
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 down $2.40 to $5.00/ton. Soy Oil futures were up 60 to 78 points on the session. USDA reported...
From
Austin Schroeder
via
Barchart
Corn Holds Gains on Monday
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 on Tuesday, as well as all day on Wednesday in observation of Christmas. USDA...
From
Angie Setzer
via
Barchart
Navigating Uncertainty: What I'm Watching In The Grain Markets To Wrap Up 2024
From Brazil's economic woes to the future of biofuels, there is something for everyone as we end the year.
From
Chris Swift
via
Barchart
Shootin' the Bull about enjoying the Holiday's
Merry Christmas and a prosperous New Year's from Chris Winward, Shawn Gammon, and myself.
From
Mike Schuler
via
gCaptain
Shanghai Becomes First Port to Handle Over 50 Million TEUs
The Port of Shanghai has become first port in the world to handle over 50 million TEUs (twenty-foot equivalent units) in annual container throughput, Xinhua reported on Monday. The new...
From
Susan Stroud
via
Barchart
No Bull | The Five Spot
1 | An Observation Never in a million years would I have imagined I would be writing updates on policy. In fact, the most frustrating thing about writing updates on policy is detailing the domino effect. Think about it… The Renewable Fuel Standard was born and now we are so...