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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
Chris Swift
via
Barchart
Shootin' the Bull about a lot of concern developing
Of concern today is a story from Zero Hedge about frozen French fry producer Lamb Weston.
From
Darin Newsom
via
Barchart
Grain Markets Under Pressure: Corn Struggles to Detach from Soybean Sell-off
Markets Now with Michelle Rook and Darin Newsom analyzes the recent sell-off in grain and livestock futures, focusing on soybeans and cattle. Key factors discussed include the weakening Brazilian real, biodiesel policy uncertainty, and global economic concerns. The segment also examines the recent stock market decline and the impact of the Fed's rate cut guidance.
From
Austin Schroeder
via
Barchart
Wheat Slipping Lower on Thursday
The wheat complex is showing losses as the market trades through the midday session. Chicago SRW futures are down 8 to 9 cents in the nearbys. KC HRW contracts are 6 to 7 cents lower on the day. MPLS spring wheat futures are trading 6 to 7 cents in the...
From
Austin Schroeder
via
Barchart
Soybeans Rallying Back on Thursday
Soybeans are posting 9 to 12 cent gains on Thursday as futures bounce back. CmdtyView’s national front month Cash Bean price is up 9 cents at $9.10 ¼. Soymeal futures are up $5.30/ton. Soy Oil futures are 43 points higher on the session. USDA reported a private export sale of...
From
Austin Schroeder
via
Barchart
Corn Bulls Fighting Back on Thursday
The corn market is posting midday gains of 1 to 2 ¼ cents so far on Thursday, reverting from the weaker action on Wednesday. The national average Cash Corn price from cmdtyView is up 2 1/2 cents at $4.10 1/2. Export Sales data released this morning showed a total of...
From
Mike Schuler
via
gCaptain
U.S. Treasury Targets Iran’s Shadow Fleet with New Sanctions
The United States Department of the Treasury has announced new sanctions targeting four entities and three vessels involved in Iran’s petroleum and petrochemical trade, part of ongoing efforts to curtail...
From
Bloomberg
via
gCaptain
Shipyard Squeeze: Shipping’s $188B Ordering Spree is Overloading Global Capacity
The biggest vessel-ordering program since the eve of the global financial crisis is putting a squeeze on the shipbuilding industry’s capacity to construct new vessels.
From
Mike Schuler
via
gCaptain
Russia’s Gazprom Makes First LNG Delivery to Italy Amid Shifting European Energy Landscape
In a significant development for European energy markets, Russian energy giant Gazprom has completed its first liquefied natural gas (LNG) delivery to Italy from its Baltic Sea-based LNG Portovaya facility....
From
Mike Schuler
via
gCaptain
Somali Pirates Demand $10M Ransom for Release of Chinese Vessel
Pirates holding a Chinese-owned fishing vessel off Somalia’s northeastern coast have reportedly issued a $10 million ransom demand, marking a significant escalation in the region’s renewed maritime security challenges. The...
From
Reuters
via
gCaptain
Spain’s Navantia Rescues Historic Shipyard Harland & Wolff from the Brink
Spanish state-held shipbuilder Navantia will acquire the shipyards of Britain's Harland & Wolff, the Belfast-based company best known for building the Titanic, the British government said on Thursday.
From
Reuters
via
gCaptain
Israel Strikes Back: Houthi Ports in Yemen Targeted in Retaliatory Airstrikes
Israel launched strikes against ports and energy infrastructure in Houthi-held parts of Yemen on Thursday and threatened more attacks against the Iran-aligned militant group, which has launched hundreds of missiles at Israel over the past year.
From
Mike Schuler
via
gCaptain
Bipartisan SHIPS Act Aims to Revitalize U.S. Maritime Industry, Counter China’s Dominance
In a landmark move to restore America’s maritime leadership, a bipartisan group of lawmakers has introduced comprehensive legislation aimed at rebuilding the nation’s declining shipbuilding and commercial maritime industries. The...