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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 what we know and don't know
A softer tone developed today. The obvious continues to be stated. We know we are short of cattle. We know the commodity funds are long at a historical level with prices at historical levels.
From
Trent Klarenbach
via
Barchart
Market Analysis: Hard Red Spring Wheat Prices Struggle Below $6 with Video
We discuss the disappointing state of Hard Red Spring wheat prices as of December 18, 2024. Using the March 25 futures contract for the Minneapolis Hard Red Spring wheat, he notes that prices have struggled to stay above $6.00, remaining below this psychologically important level for three weeks and currently trading at $5.94.
From
Mike Schuler
via
gCaptain
California Ports Strike Landmark Agreement on Floating Offshore Wind
The California State Lands Commission has partnered with the ports of Long Beach and Humboldt in a groundbreaking agreement to accelerate floating offshore wind energy development along the California coast....
From
Reuters
via
gCaptain
Multiple Casualties After Indian Navy Boat Hits Passenger Vessel Off Mumbai
At least 13 people died when an Indian naval boat collided with a passenger ferry with more than 100 passengers which then capsized off the coast of financial capital Mumbai on Wednesday, officials said.
From
Austin Schroeder
via
Barchart
Wheat Slipping Back Lower on Wednesday
Wheat is trading with a pull back so far on Wednesday. Chicago SRW futures are down 1 to 3 cents at midday. KC HRW contracts are 2 to 4 cents lower so far on the day. MPLS spring wheat futures are fractionally to 2 cents in the red so far...
From
Austin Schroeder
via
Barchart
Corn Feeling Pressure Despite Increased Ethanol Production
Corn futures are feeling pressure on Wednesday, with contracts down 5 to 6 cents at midday. The national average Cash Corn price from cmdtyView is down 5 ¾ cents at $4.09 ½. The USDA reported a private export sale of 135,000 MT of corn to Columbia this morning for 2024/25...
From
Austin Schroeder
via
Barchart
Soybeans Collapsing on Wednesday
The soybean market is falling on Wednesday with lack of much anything bullish, as decent Brazilian weather, uncertainty around trade in the coming months, and weaker products are adding pressure. Contracts are down 23 to 25 cents so far at midday. CmdtyView’s national front month Cash Bean price was down...
From
Mike Schuler
via
gCaptain
Hollywood Maverick Tom Cruise Receives Navy’s Top Civilian Honor
Tom Cruise, Hollywood legend and the U.S. Navy’s 36th Honorary Naval Aviator, has added another accolade to his storied career—but this time, it’s not for his on-screen performances. The actor...
From
Mike Schuler
via
gCaptain
Canada’s Iconic Tugboat ‘Theodore Too’ Partially Sinks at Shipyard
The iconic 65-foot replica tugboat Theodore TOO, beloved by Canadians and fans of the classic CBC series Theodore Tugboat, has partially sunk at Ontario Shipyards in Port Weller. According to owner...
From
Mike Schuler
via
gCaptain
Cyprus Shipping Veteran Thomas Kazakos Named ICS Secretary General
The International Chamber of Shipping (ICS), representing over 80% of the world’s merchant fleet, has unanimously appointed Thomas A. Kazakos as its next Secretary General. Kazakos, who brings extensive maritime...
From
Bloomberg
via
gCaptain
Denmark Warns Russia May Send Warships to Escort Oil Tankers
Denmark warned that Russia’s navy may start escorting the so-called shadow fleet tankers through Danish straits to escalate provocations against NATO countries.
From
Reuters
via
gCaptain
Iran’s Revolutionary Guards Extend Control Over Tehran’s Oil Exports
Iran's Revolutionary Guards have tightened their grip on the country's oil industry and control up to half the exports that generate most of Tehran's revenue and fund its proxies across the Middle East, according to Western officials, security sources and Iranian insiders.