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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
For detailed updates and additional resources, explore our resources section.
From
Cindy Konrad
via
gCaptain
Vessel In Kerch Strait Sends Distress Signal
MOSCOW, Dec 20 (Reuters) – A vessel called Gam Express has sent a distress signal in the Kerch strait, Russia’s Southern Transport Prosecutor’s Office said on Friday. “The Southern Transport Prosecutor’s Office controls the...
From
Reuters
via
gCaptain
Italian Deputy PM Salvini Acquitted In Migrant Rescue Boat Case
By Wladimir Pantaleone and Angelo Amante PALERMO, Italy, Dec 20 (Reuters) – Acourt on Friday acquitted Italian Deputy Prime Minister Matteo Salvini of charges of kidnapping over 100 migrants aboard a boat he had...
From
Reuters
via
gCaptain
Chinese Ship Linked To Baltic Sea Cable Breach Resumes Voyage
STOCKHOLM, Dec 21 (Reuters) – 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...
From
Mike Schuler
via
gCaptain
Monster Pacific Storm Unleashes Massive 65-Foot Waves
A powerful hurricane-force low pressure system in the North Pacific Ocean is generating extraordinary sea conditions, with significant wave heights reaching 65.77 feet (20 meters), according to the National Weather...
From
Ben DiCostanzo
via
Barchart
Hogs, Cattle and Feeders End Week with Strong Rallies
Hogs and cattle markets bounce back to end week on a positive note
From
Jim Roemer
via
Barchart
(Download a free past issue of WeatherWealth) - Soaring cocoa prices and the reasons behind the collapse in soybeans and sugar
As the year winds down, Jim points at some of his favorite trending markets on this round.
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Grains Rallied as The Livestock Markets Recoup Some of the Week's Losses
From
Austin Schroeder
via
Barchart
Wheat Manages to Close Mixed on Friday
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 day, as March was down 19 ¼ cents this week. KC HRW contracts were fractionally...
From
Austin Schroeder
via
Barchart
Corn Rallies on Friday
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 with a 4 ¼ cent gain. The national average Cash Corn price from cmdtyView was up...
From
Austin Schroeder
via
Barchart
Soybeans Push Higher as Meal Rallies on Argentine Dryness Concerns
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 month Cash Bean price was up 11 1/4 cents at $9.24 ¾. Soymeal...
From
Chris Swift
via
Barchart
Shootin' the Bull about lines in the sand
In my opinion, the line in the sand is definitive. Bulls are more bullish and bears are more bearish.