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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
Bloomberg
via
gCaptain
Trump Rejects Iran Truce Extension as Oil Tops $90
The prospects for peace in the Middle East suffered a fresh setback, with President Donald Trump saying he’s not interested in extending the expiring agreement with Iran and fighting flaring anew in Lebanon.
From
Bloomberg
via
gCaptain
Abu Dhabi Wealth Fund L’imad’s Ports Deal Signals Growing Role
Abu Dhabi wealth fund L’imad Holding is offering to buy out minority shareholders in the city’s port operator valuing the firm at 31.8 billion dirhams ($8.66 billion), potentially bolstering the emirate’s efforts to build out infrastructure that could help it bypass the Strait of Hormuz.
From
Reuters
via
gCaptain
Iran Threatens to Go On Offensive in Strait of Hormuz if Diplomacy With US Fails
Iran has decided to shift its policy from defensive to "fully offensive" due to the deadlock in efforts to agree a permanent end to its war with the United States, a senior Iranian official told Reuters on Monday.
From
Mike Schuler
via
gCaptain
Trump Administration Moves Closer to Pacific Seabed Mining Lease Sale
The Trump administration is moving closer to a potential offshore critical minerals lease sale near the Northern Mariana Islands, advancing another piece of its broader effort to develop seabed mineral...
From
Mike Schuler
via
gCaptain
Nine Workers Killed at Hong Kong Convention-Certified Shipbreaking Yard in Bangladesh
Nine workers were killed after being exposed to toxic gas while dismantling an LNG carrier at a shipbreaking yard in Bangladesh, renewing scrutiny of safety conditions at South Asian recycling...
From
Mike Schuler
via
gCaptain
Panama Canal Marks 112 Years With an Eye on the Future
The Panama Canal marked its 112th anniversary over the weekend with vessel traffic on the rise, even as officials prepare for a strengthening El Niño that is again putting pressure...
From
Mike Schuler
via
gCaptain
Armed Pirates Hijack Cargo Ship Off Somalia
A cargo ship has been hijacked off the coast of Somalia after eight armed attackers boarded the vessel and seized control, according to the United Kingdom Maritime Trade Operations center....
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From
Mike Schuler
via
gCaptain
EU Sanctions IRGC Navy Unit Over Strait of Hormuz Toll System
The European Union has imposed sanctions on two Iranian individuals and one Islamic Revolutionary Guard Corps Navy unit over alleged efforts to restrict freedom of navigation through the Strait of Hormuz.
From
Mike Schuler
via
gCaptain
ABS Calls for More Flexible IMO Decarbonization Framework
ABS is urging regulators to adopt a more flexible approach to the International Maritime Organization's greenhouse gas reduction framework, arguing that fuel availability and infrastructure constraints could make it difficult for large segments of the global fleet to comply with increasingly stringent emissions rules.
From
Mike McDonald
via
gCaptain
ABS Grants Approval for Nuclear Reactor Integration in Vessel Design Developed Through MIT Maritime Consortium
ABS issued approval in principle (AIP) for the integration of a nuclear reactor into a cargo vessel propulsion system developed by the Massachusetts Institute of Technology (MIT), HD Korea Shipbuilding...
From
Bloomberg
via
gCaptain
Houthis to Impose ‘Complete Ban’ on Israeli Ships in Red Sea
The Houthis, an Iran-backed militant group that controls much of Yemen, declared a ban on Israeli ships in the Red Sea, threatening a key bypass route to the Strait of Hormuz.
From
Reuters
via
gCaptain
Taiwan Coast Guard ‘Expels’ Chinese Ships From Restricted Waters
TAIPEI, June 7 (Reuters) – Taiwan’s coast guard said on Sunday that its ships had “expelled” four Chinese government ships that entered restricted waters off the island’s south after the two sides broadcast testy...
From
Reuters
via
gCaptain
OPEC+ Set For Fourth Oil Quota Hike Since Hormuz Closure
By Ahmad Ghaddar and Olesya Astakhova LONDON, June 7 (Reuters) – OPEC+ is set to agree on Sunday a fourth increase in oil output targets in as many months, three OPEC+ sources said, even...
From
Bloomberg
via
gCaptain
North Korea Sees Nuclear Deterrent Role For Navy
By Sarina Yoo and Denny Thomas Jun 6, 2026 (Bloomberg) –North Korean leader Kim Jong Un said the navy must become part of the country’s nuclear war deterrent, using a ship...
From
Reuters
via
gCaptain
Russian Forces Attack Rescue Vessels In Ukrainian Waters, Causing Injuries
June 6 (Reuters) – Russian forces have attacked two civilian search and rescue vessels in Ukrainian waters, causing injuries, Ukrainian Deputy Prime Minister Oleksiy Kuleba said on Saturday. “The enemy launched strikes on two boats of the...
From
Cindy Konrad
via
gCaptain
Asia-To-US Container Rates Spike 109% Since Iran War Started
By Brendan Murray Jun 6, 2026 (Bloomberg) —Container shipping rates jumped over the past week amid higher fuel costs, congestion at some Asian ports and a pickup in demand heading into...
From
Reuters
via
gCaptain
Taiwan Says Chinese Coast Guard, Research Ships Near Key S. China Sea Islands
TAIPEI, June 6 (Reuters) – Taiwan said on Saturday that a Chinese coast guard ship and a survey ship had carried out the first coordinated operation to “provoke” Taiwan, in waters around strategically located...
From
Bloomberg
via
gCaptain
U.S. Counts Far More Hormuz Ship Transits Than Commercial Tracking Data Shows
American forces have counted nearly 1,000 commercial vessel transits in and out of the Strait of Hormuz in the last two months, according to an official familiar with US Central Command operations, a figure that’s higher than private sector estimates that rely mostly on ship transponders.
From
Mike Schuler
via
gCaptain
Treasury Targets Iranian LPG Smuggling Network as U.S. Pressure Campaign Intensifies
The Trump administration on Friday imposed a new round of sanctions targeting an international network accused of smuggling Iranian liquefied petroleum gas (LPG) and laundering revenue through shadow banking channels,...