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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.
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For detailed updates and additional resources, explore our resources section.
From
Austin Schroeder
via
Barchart
Wheat Rallying to Kick off the Short Christmas Week
The wheat market is trading with Monday gains to start the holiday week. Chicago SRW futures are up 9 to 10 cents so far on Monday. KC HRW contracts are trading with gains of 7 to 8 cents at midday. MPLS spring wheat futures are trading 4 to 6 cents...
From
Austin Schroeder
via
Barchart
Soybeans Feeling Grinchy to Start the Christmas Week
Soybeans are starting off the holiday week with contracts down 2 to 4 cents through midday on the Monday session. CmdtyView’s national front month Cash Bean price is down 3 cents at $9.23 ¼. Soymeal futures are back down $2.90/ton. Soy Oil futures are up 44 points so far on...
From
Austin Schroeder
via
Barchart
Corn Sneaking Higher at Monday’s Midday
The corn market is showing some slight gains to kick off the Christmas week, with contracts up 1 to 2 cents at midday. The national average Cash Corn price from cmdtyView is up 1 1/2 cents at $4.18 1/2. USDA reported a private export sale of 132,000 MT of corn...
From
Mike Schuler
via
gCaptain
Shipping Crisis Down Under: Australia Warns of Stevedore Squeeze on Aussie Importers
Australian importers are facing unprecedented challenges in container shipping, with some paying up to eleven times more for ocean freight compared to previous years, according to a new report from...
From
Reuters
via
gCaptain
China Says Its Cooperating in Probe of Cut Baltic Sea Cables
China said on Monday it had provided information and documents for an open investigation into the severing of two Baltic Sea undersea cables, though it and Sweden disagreed over how transparent Beijing had been in the case.
From
Mike Schuler
via
gCaptain
Biden Administration Approves 11th Major U.S. Offshore Wind Project
The Biden administration continues to advance offshore wind development with its approval of the SouthCoast Wind Project, marking the nation’s 11th commercial-scale offshore wind initiative. This latest approval brings the...
From
Mike Schuler
via
gCaptain
Trump Sets Sail: President-Elect Wades Into Maritime Waters
With just weeks until his inauguration, President-elect Donald Trump is making waves in the maritime world, diving into port labor disputes, the Jones Act debate, and even tensions over the...
From
Mike Schuler
via
gCaptain
ICYMI: President-Elect Trump Threatens to Retake Panama Canal, Igniting Firestorm
President-elect Donald Trump took a direct shot at Panama over the weekend, calling out what he described as “exorbitant” tolls and unfair treatment of U.S. interests at the Panama Canal,...
From
Don Dawson
via
Barchart
Who Else Wants to Know the Mystery Behind the Corn Market?
Sometimes, the markets seem rational, while other times, there appears to be a mystery behind their actions. The corn market seems to be in that mystery thriller mode. The producers are aggressively adding short positions while managed money is building long ones. To unravel this mystery, we must carefully examine all the clues and piece together the puzzle to reveal the truth behind the unknown. Let's begin unraveling some clues.
From
Oliver Sloup
via
Barchart
Grains Hold Ground Ahead of the Holiday Trade
Christmas Trading Schedule
Grain markets will close at 12:05pm CT on Tuesday December 24th and will reopen at 8:30am on Thursday December 26th.
Grain markets are holding on to narrow gains as the holiday week kicks off
From
Austin Schroeder
via
Barchart
Wheat Trading with Gains on Monday Morning
Wheat futures are trading with gains across the three markets to start the Christmas week. The wheat market went into the weekend on a mixed note, as the soft red contracts failed to push higher. Chicago SRW futures were steady to down 1 ½ cents across the board on the...