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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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From
Austin Schroeder
via
Barchart
Corn Starting Off Christmas Week with Gains
The corn market is trading with fractional to 2 cent gains so far on Monday morning. Corn futures closed out the Friday session on a high note, as futures rallied o close out the week. Contracts were up anywhere from a penny to 5 ½ cents. March finished the week...
From
Austin Schroeder
via
Barchart
Soybeans Sneaking Lower on Monday Morning
Soybeans are trading with contracts 1 to 2 cents lower early on Monday. The soybean market took back most of the midweek losses on Thursday and Friday, with the latter session closing up 7 to 13 cents. January was still down 13 ¾ cents on the week. CmdtyView’s national front...
From
Darin Newsom
via
Barchart
What Did the Widow Maker (aka Natural Gas) See Overnight?
There was no rest for the wicked heading into this holiday disrupted trading week, meaning natural gas stole the spotlight once again.
From
Malte Humpert
via
gCaptain
Russia’s LNG Shadow Fleet Resumes Operations After Months-Long Hiatus
Several vessels of Russia’s LNG shadow fleet are on the move after idling for much of the past two months. In the Western Arctic near Murmansk, newbuild LNG carrier Mulan called at the Saam FSU over the weekend, likely to reload LNG it had previously offloaded at the end of September.
From
Bloomberg
via
gCaptain
Panama’s Leader Takes Up Feud With Trump Over Canal Control
Panama’s president rebuffed Donald Trump’s threat to reimpose US control over the Panama Canal, saying its shipping tolls aren’t inflated and that sovereignty over the waterway isn’t negotiable.
From
Reuters
via
gCaptain
Chinese Ship Linked to Baltic Sea Cable Breach Resumes Voyage
A Chinese bulk carrier that is under investigation following a breach of two fiber-optic cables in the Baltic Sea is again moving after sitting still for more than a month in a nearby Danish shipping lane, The Swedish Coastguard said on Saturday.
From
Bloomberg
via
gCaptain
Wind Farm Near Martha’s Vineyard Wins Biden Approval
By Jennifer A. Dlouhy Dec 20, 2024 (Bloomberg) –The Interior Department approved the 2.4-gigawatt SouthCoast Wind farm planned near the Massachusetts coast, marking likely the last offshore energy project of its kind to...
From
Reuters
via
gCaptain
Netanyahu Says Israel Will Continue To Act Against The Houthis
JERUSALEM, Dec 22 (Reuters) – Prime Minister Benjamin Netanyahu said on Sunday Israel would continue acting against the Iran-backed Houthis in Yemen, whom he accused of threatening world shipping and the international order, and...
From
Reuters
via
gCaptain
US Fighter Shot Down In ‘Apparent Case Of Friendly Fire’ Over Red Sea
WASHINGTON Dec 21 (Reuters) – The U.S. military said it mistakenly shot down one of its own fighter aircraft over the Red Sea early on Sunday, forcing both pilots to eject. Both...
From
Mike Schuler
via
gCaptain
Trump Demands Panama Canal Reform, Threatens Action Over “Exorbitant” Tolls
President-elect Donald Trump has taken aim at Panama’s management of the Panama Canal, threatening potential action over what he calls “exorbitant” tolls and unfair treatment of U.S. interests. “The fees...
From
Nick Ehrenberg
via
Barchart
Corn, 469.00 Target & Why
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
