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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
Oliver Sloup
via
Barchart
Beans Continue to Retreat while Corn and Wheat Hold Ground
Soybeans broke down to start the week which has continued to add technical pressure to prices. Corn and wheat have been able to hold their own. Will that continue or will there be a reversion to the mean?
From
Austin Schroeder
via
Barchart
Wheat Holding Gains on Wednesday AM Trade
Wheat is trading with slight gains on Wednesday morning. They faced pressure across the three markets on the Tuesday session. Chicago SRW futures were 5 to 6 1/2 cents lower in the across most contracts at the close. KC HRW contracts were down 4 ½ to 6 ¾ cents on...
From
Austin Schroeder
via
Barchart
Corn Fractionally Lower on Wednesday Morning
Corn futures are trading with contracts fractionally lower to start the day. The corn market closed with contracts 1 ¼ to 3 ¼ cents lower on Tuesday. The national average Cash Corn price from cmdtyView was down 1 ¾ cents at $4.14 ½. The USDA reported a private export sale...
From
Austin Schroeder
via
Barchart
Soybeans Collapsing Early on Wednesday
The soybean market fell apart on Tuesday heading to new contract lows, with contracts closing 5 to 10 ½ cents lower. CmdtyView’s national front month Cash Bean price was down 5 1/2 cents at $9.27. Soymeal futures were on the day, with nearbys up 20 to 30 cents and deferreds...
From
Reuters
via
gCaptain
Trump Tariff Threat Helps Lift US Ocean Imports
When U.S. presidential candidate Donald Trump started talking about new import tariffs on the campaign trail, Danny Reynolds checked the tags on wedding dresses in his bridal salon and sped up some shipments to his independent clothing store in Indiana.
From
Austin Schroeder
via
Barchart
Wheat Falls Lower on Tuesday
Wheat faced pressure across the three markets on the Tuesday session. Chicago SRW futures were 5 to 6 1/2 cents lower in the across most contracts at the close. KC HRW contracts were down 4 ½ to 6 ¾ cents on the day. MPLS spring wheat futures settled the day...
From
Austin Schroeder
via
Barchart
Soybeans Head to New Lows on Tuesday, Pressured by Oil
The soybean market fell apart on Tuesday heading to new contract lows, with contracts closing 5 to 10 ½ cents lower. CmdtyView’s national front month Cash Bean price was down 5 1/2 cents at $9.27. Soymeal futures were on the day, with nearbys up 20 to 30 cents and deferreds...
From
Austin Schroeder
via
Barchart
Corn Slip Lower On Monday Despite Export Business
The corn market failed to get much buying out of an export sale this morning, with contracts closing 1 ¼ to 3 ¼ cents lower. The national average Cash Corn price from cmdtyView was down 1 ¾ cents at $4.14 ½. The USDA reported a private export sale of 170,400...
From
Ilan Levy-Mayer
via
Barchart
Trading Levels for FOMC Day and Beans Outlook
In our latest Futures Daily Blog, we analyze market trends ahead of the FOMC rate decision. With a potential 25 basis point cut, the implications for equities and commodities are significant. Stay informed with our insights on retail sales data and market momentum. #FuturesTrading #MarketAnalysis #EconomicTrends #RetailSales #FOMC
From
Mike Schuler
via
gCaptain
Port of Long Beach on Track to Smash Cargo Record in 2024
The Port of Long Beach is poised to shatter its annual cargo record in 2024, projecting 9.6 million TEUs (Twenty-foot Equivalent Units) by year’s end. This achievement would eclipse the...
From
Chris Swift
via
Barchart
Shootin' the Bull about tightening the screws
Futures traders are believed to have tightened the screws on cattle feeders today.