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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
Iran Blacklists 46 Ships On Hormuz ‘Non-Compliant’ List
Iran has published a list of 46 vessels it says violated its arrangements for transiting the Strait of Hormuz, warning that the ships could face fines, detention, seizure or confiscation...
From
Mike Schuler
via
gCaptain
U.S. Threatens Iran’s Trading Partners in New Economic Pressure Campaign
Treasury Secretary Scott Bessent threatened economic punishment against any country doing business with Iran as part of what he called an “economic D-Day” campaign to isolate the country and end nearly six months of war.
From
Mike Schuler
via
gCaptain
U.S. Takes Next Step Toward Nuclear-Powered Commercial Ships
The U.S. Maritime Administration has signed an agreement with nuclear technology developer CORE POWER to explore a pathway toward U.S.-flagged nuclear-powered commercial ships, expanding the Trump administration’s push to bring...
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...
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From
Mike Schuler
via
gCaptain
Bulk Carrier Grounding at World’s Largest Bulk Port Highlights Critical Safety Issues in Rudder Systems
A routine departure from Port Hedland, Western Australia, turned into a serious maritime incident when the Liberian-flagged bulk carrier Hagen Oldendorff grounded in the port’s channel following an electrical failure....
From
Mike Schuler
via
gCaptain
Hanwha Completes $100M Acquisition of Philly Shipyard, Marking First Korean Shipbuilder in U.S.
South Korean conglomerate Hanwha Group has completed its $100 million acquisition of Philly Shipyard through its subsidiaries Hanwha Systems and Hanwha Ocean, marking a historic moment as the first Korean...
From
Austin Schroeder
via
Barchart
Corn Extending Bounce on Friday AM Trade
Corn futures are trading with contracts up 3 to 4 cents on Friday morning. The corn market took back most of the losses from Wednesday, with contracts closing steady 3 ½ cents higher on Thursday. Preliminary open interest was up 5,002 contracts. The national average Cash Corn price from cmdtyView...
From
Austin Schroeder
via
Barchart
Soybean Bounce Continues into Friday Morning
The soybean market is trading with 8 to 9 cent gains on early on Friday trade. Soybeans recouped some of the losses from Wednesday, as contracts closed with gains of anywhere from 4 ¾ to 13 ½ cents across the board, led by the nearbys. Preliminary open interest was down...
From
Austin Schroeder
via
Barchart
Wheat Mixed on Friday Morning
Wheat futures are showing mixed trade on Friday morning, with contracts on either side of unch. The wheat complex failed to join in on the rest of the grain bounce on Thursday, heading to some fresh lows. Chicago SRW futures were steady to down 8 ¼ cents across the board...
From
Oliver Sloup
via
Barchart
Grain Markets Firm Despite a Risk Off Trade in the Outside Markets
Soybeans are working their way back to the breakdown point from the earlier in the week. Is the bottom in?
From
Malte Humpert
via
gCaptain
U.S. Coast Guard Heavy Icebreaker Production Decision Expected This Week After Multi-Year Delay
In a major step for the U.S. Coast Guard’s efforts to construct its first heavy icebreaker in 50 years, the production decision by the Department of Homeland Security is expected this week.
From
Bloomberg
via
gCaptain
Imminent EU Climate Rule for Ships Is Set to Add to Fuel Bills
A European Union rule designed to cut greenhouse gas emissions from shipping is about to start adding to the industry’s fuel bills.
From
Austin Schroeder
via
Barchart
Wheat Falls Lower on Thursday
The wheat complex failed to join in on the rest of the grain bounce on Thursday, heading to some fresh lows. Chicago SRW futures were steady to down 8 ¼ cents across the board led by the front months. KC HRW contracts were 2 to 5 3/4 cents lower on...
From
Austin Schroeder
via
Barchart
Corn Bulls Rally Back on Thursday
The corn market took back most of the losses from Wednesday, with contracts closing steady 3 ½ cents higher. The national average Cash Corn price from cmdtyView was up 3 1/4 cents at $4.11 1/4. Export Sales data released this morning showed a total of 1.175 MMT of 2024/25 corn...
From
Austin Schroeder
via
Barchart
Soybeans Claw Back Some Gains as Products Pop
Soybeans recouped some of the losses from Wednesday, as contracts closed with gains of anywhere from 4 ¾ to 13 ½ cents across the board, led by the nearbys. CmdtyView’s national front month Cash Bean price was up 11 cents at $9.12. Soymeal futures were up $3.10 to $4.90/ton. Soy...