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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
Austin Schroeder
via
Barchart
Wheat
The wheat complex is showing gains across the three markets on Monday morning. Wheat futures closed out the Friday session with contracts down across the three exchanges. Chicago SRW futures were 6 to 6 3/4 cents lower across the board, with Dec expiring. There were another 13 deliveries issued against...
From
Austin Schroeder
via
Barchart
Soybeans Back to Higher Trade on Monday Morning
Soybeans are trading with 1 to 5 cent gains to kick off Monday trade. They ignored the export business reported on Friday morning, as contracts were down 5 3/4 to 8 ¼ cents to close out the day. Preliminary open interest suggested net new selling, up 5,369 contracts. January ended...
From
Austin Schroeder
via
Barchart
Corn Bulls Fighting Back to Start Monday
The corn market is trading with 1 to 2 cent gains so far on Monday morning. Corn futures ended the week on a lower note, as contracts were down 1 ¾ to 2 ¾ cents at the close with Dec rolling off the board. Despite the late week pressure, March...
From
Oliver Sloup
via
Barchart
Grain Markets Firm to Start the Week
Grain markets were weaker to round out last week’s trade but have found their footing and are uniformly higher to start this week’s trade.
From
Darin Newsom
via
Barchart
Which Markets Were Hot, Which Were Not to Start the Week?
The Softs sector continues to lead the commodity complex higher, particularly cocoa and coffee, while Grains were quiet to start the week.
From
Malte Humpert
via
gCaptain
Russia Now Primary Suspect in ‘Yi Peng 3’ Baltic Sea Cable Incident
Chinese bulk carrier Yi Peng 3 remains at anchor in international waters of Denmark’s Kattegat Strait a month after the C-Lion 1 and BCS East-West Interlink cables in the Baltic Sea were damaged.
From
Reuters
via
gCaptain
Norway to Provide $242 Million to Strengthen Ukrainian Navy
Norway said on Monday it would provide 2.7 billion crowns ($242 million) to strengthen the Ukrainian navy and help it deter Russian naval forces in the Black Sea.
From
Bloomberg
via
gCaptain
Tanker Rates Tumble on Key Route as China Cuts Crude Purchases
Spot rates for hauling crude on the largest vessels from the Middle East to China, a benchmark route, have sunk by a third this year as demand in the top importer slows and OPEC+ delays the restart of idled supply.
From
Darren Carlat
via
Barchart
Live Cattle and Feeder Cattle continue to be at their highest hedge fund positions over the past 52 weeks. Corn and Lean Hogs are very near their highs.
Live Cattle is making its 3rd attempt to break out to new highs. Will this week finally be the week for the break out?
From
Bloomberg
via
gCaptain
US Warship Makes Rare Visit To Cambodia Base At Center Of Feud
By Philip J. Heijmans Dec 13, 2024, 2:04 AM – (Bloomberg) –The US will send a warship to visit a naval base in Cambodia for the first time since the Southeast...
From
Reuters
via
gCaptain
Oil Spill Occurs At Shell Terminal In Nigeria
By Camillus Eboh ABUJA, Dec 15 (Reuters) – An oil spill has occurred at the Shell loading terminal in Nigeria’s Delta region after a pipeline ruptured, Nigeria’s maritime agency said on Sunday. The...