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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
Mike Schuler
via
gCaptain
FuelEU Maritime Countdown: Industry Braces for 2025 Green Fuel Mandate
With the clock ticking, shipping companies face challenges and opportunities under the EU’s landmark regulation. On January 1, 2025, the European Union’s FuelEU Maritime regulation will officially take effect, ushering in a...
From
Mike Schuler
via
gCaptain
China Dominates Global Containership Construction as Korean Shipyards Face Decline
Chinese shipyards have solidified their dominance in the construction of containerships, commanding an impressive 68.5% of the global boxship orderbook capacity, according to Alphaliner. This transformation marks a dramatic reversal...
From
Mike Schuler
via
gCaptain
GAO Report Reveals Massive Waste in Navy’s $3.7B Cruiser Modernization Program
The U.S. Navy’s ambitious modernization program for its Ticonderoga-class guided-missile cruisers has largely failed to meet its objectives, resulting in billions in wasted taxpayer dollars, according to a new Government...
From
Austin Schroeder
via
Barchart
Wheat Falling Back Lower on Tuesday
Wheat is facing losses as the market trades through Tuesday’s midday. Chicago SRW futures are to 6 to 7 cents lower in the nearbys so far. KC HRW contracts are down 7 to 8 cents on the day. MPLS spring wheat futures are 5 to 6 cents in the red...
From
Austin Schroeder
via
Barchart
Soybeans Printing New Lows on Tuesday
The soybean market is falling at midday, with contracts down 9 to 13 cents so far on Tuesday. CmdtyView’s national front month Cash Bean price is down 9 cents at $9.33 ½. Soymeal futures are near unchanged on the day. Soy Oil futures are 141 points lower on the session....
From
Austin Schroeder
via
Barchart
Corn Falling at Midday
The corn market is failing to get much buying out of an export sale this morning as contracts are down 2 to 4 cents at midday. The national average Cash Corn price from cmdtyView was up 3 cents at $4.16. The USDA reported a private export sale of 170,400 MT...
From
Mike Schuler
via
gCaptain
Vale’s SOHAR MAX Becomes the World’s Largest Wind-Assisted Ship
UK-based Anemoi Marine Technologies has successfully completed the installation of five Rotor Sails on the massive 400,000 dwt Very Large Ore Carrier (VLOC), Sohar Max, marking the maritime industry’s largest...
From
Mike Schuler
via
gCaptain
New Zealand Launches Critical Salvage Operation for Sunken Navy Vessel in Samoa
The New Zealand Defence Force (NZDF) has initiated a complex salvage operation to recover fuel and pollutants from the HMNZS Manawanui, which sank off Samoa’s coast in October. Commodore Andrew...
From
Reuters
via
gCaptain
Third Tanker Sends Distress Call as Oil Washes Up on Russia’s Black Sea Coast
Spilled oil has washed up along “tens of kilometers” of the Russian Black Sea coast after two tankers were badly damaged in a storm at the weekend, a regional official said on Tuesday, and state media said a third ship was now in trouble.
From
Mike Schuler
via
gCaptain
UK Leads Global Crackdown on Russia’s Shadow Fleet with New Sanctions
The UK government has announced comprehensive measures targeting illicit oil shipping while bolstering Ukraine’s critical infrastructure. The UK has imposed sanctions on 20 shadow fleet vessels, including notable tankers Ocean...
From
Mike Schuler
via
gCaptain
Houthis Plan Red Sea Security Webinar… Yes, Really
After a year of drone and missile attacks against merchant and naval vessels, the Iranian-backed Houthi rebel group is now extending an olive branch of sorts—by planning a seminar and...
From
Austin Schroeder
via
Barchart
Corn Near Unchanged on Tuesday Morning
Corn is sticking close to unch so far on Tuesday morning, with contracts fractionally mixed. The corn market posted gains anywhere from fractional to 3 cents higher on Monday to start the last full trading week of the year. The national average Cash Corn price from cmdtyView was up 3...