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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...
The APS Information Center
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From
John Konrad
via
gCaptain
gCaptain Endorses The Ships For America Act
by Captain John Konrad (gCaptain) Senator Mark Kelly, Congressman Trent Kelly, Senator Todd Young, and Congressman John Garamendi are set to introduce the bipartisan, bicameral SHIPS for America Act, a...
From
Oliver Sloup
via
Barchart
Grain Markets Remain Under Pressure
Grain markets get hit hard in Wednesday’s trade which has led to additional weakness Thursday morning. Where’s the technical support at?
From
Austin Schroeder
via
Barchart
Wheat Weakness Extending into Thursday Morning
The wheat complex is starting off Thursday with losses across the three exchanges. Wheat closed out Wednesday with weakness across the three markets. Chicago SRW futures were down 1 to 3 3/4 cents in the nearbys and up slightly in the deferreds. KC HRW contracts were 2 ¾ to 3...
From
Austin Schroeder
via
Barchart
Corn Sneaking Lower to Start Thursday
The corn market is trading with 1 to 2 cent losses on Thursday morning, Corn futures felt pressure from soybean spillover weakness on Wednesday, as contracts were down 3 ¼ to 6 ¼ cents at the close. The national average Cash Corn price from cmdtyView was down 6 cents at...
From
Austin Schroeder
via
Barchart
Soybeans Holding Steady to Start Thursday Trade
Soybeans are trading near unchanged to kick off Thursday after the Wednesday collapse. The soybean market broke out to the downside on Wednesday, as decent Brazilian weather, uncertainty around trade in the coming months, and weaker products continued to add pressure. Contracts closed with losses of 18 to 26 cents...
From
Reuters
via
gCaptain
Swedish Police Allowed to Board Chinese Ship ‘Yi Peng 3’ in Cable Breach Case
Swedish police said on Thursday they had boarded the Yi Peng 3 vessel, which is at the center of an investigation into Baltic Sea cable breaches, at the invitation of the Chinese authorities.
From
Bloomberg
via
gCaptain
German Lawmakers Approve €4.7 Billion Order for Submarines
German lawmakers approved the government’s request for €4.7 billion to buy four additional U212CD submarines from Thyssenkrupp Marine Systems GmbH on top of the two already ordered.
From
Austin Schroeder
via
Barchart
Soybeans Collapse to Contract Lows on Wednesday
The soybean market broke out to the downside on Wednesday, as decent Brazilian weather, uncertainty around trade in the coming months, and weaker products continued to add pressure. Contracts closed with losses of 18 to 26 cents on the day. CmdtyView’s national front month Cash Bean price was down 25...
From
Austin Schroeder
via
Barchart
Corn Pressured Lower into Wednesday’s Close
Corn futures felt pressure from soybean spillover weakness on Wednesday, as contracts were down 3 ¼ to 6 ¼ cents at the close. The national average Cash Corn price from cmdtyView was down 6 cents at $4.08 1/4. The USDA reported a private export sale of 135,000 MT of corn...
From
Austin Schroeder
via
Barchart
Wheat Falls Back on Wednesday
Wheat closed out Wednesday with weakness across the three markets. Chicago SRW futures were down 1 to 3 3/4 cents in the nearbys and up slightly in the deferreds. KC HRW contracts were 2 ¾ to 3 3/4 cents lower on the day. MPLS spring wheat futures settled 3 to...
From
Mike Schuler
via
gCaptain
Trump Signals Jones Act Policy Will Stay the Course
President-elect Donald Trump has reignited the debate over the Jones Act, sharing a pro-Jones Act article that underscores the century-old law’s significance to America’s maritime industry and national security. The...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Well, Hope You Sold Some Cattle Today. Tomorrow Will Be Interesting