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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
Corn Pressured on Friday, Hold Weekly Gains
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 was up 2 cents since last Friday. The national average Cash Corn price from cmdtyView was...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Sell them when you can, Sell them now, Sell them often.
From
Oliver Sloup
via
Barchart
Weekly Grain Market Recap
It was a mixed week in the grain markets, with a friendly USDA report on Tuesday and a disappointing export sales report on Thursday.
From
Mike Schuler
via
gCaptain
Gulf of Mexico Offshore Wind Competition Heats Up
The Bureau of Ocean Energy Management (BOEM) has confirmed competitive interest in two offshore wind areas (WEAs) off the southeast Texas coast, following an unsolicited lease request from Hecate Energy...
From
Chris Swift
via
Barchart
Shootin' the Bull about margins/no margins
As prices move higher, it will ration the number of producers that can assume the greater financial risks, as well as continue to promote alternative factors of beef production. That is what rationing does and this is rationing in its grandest form.
From
Mike Schuler
via
gCaptain
Fisherman Survives Three Days Adrift at Sea After Being Forced Overboard at Knife-Point
A 37-year-old crew member was saved after spending three harrowing days adrift at sea following alleged abuse aboard a fishing vessel. Afif Efendy, a crew member of the fishing vessel...
From
Reuters
via
gCaptain
Russia’s First Ammonia Terminal Ramps Up Exports Despite Sanctions
Russia launched the country's first ammonia sea terminal at the port of Ust-Luga on Friday, aiming to increase export capacity amid Western sanctions.
From
Austin Schroeder
via
Barchart
Wheat Falling Lower at Midday
Wheat futures are falling off at midday across the three markets on Friday. Chicago SRW futures are 4 to 7 cents lower across the nearbys. KC HRW contracts are down 4 to 6 cents on the day. There were 14 deliveries issued against Dec KC wheat overnight, with 8 for...
From
Austin Schroeder
via
Barchart
Soybeans Falling Weaker on Friday, Despite Export Business
Soybeans are ignoring the export business reported this morning, as contracts are down 9 to 10 cents at midday. CmdtyView’s national front month Cash Bean price is down 9 cents at $9.37 1/2. Soymeal futures are down $3.60/ton on the day. There were another 126 deliveries issued against December soybean...
From
Austin Schroeder
via
Barchart
Corn Heading Lower At Midday
Corn futures are down 3 cents at midday, with Dec up ¼ ahead of expiration. There were another 107 deliveries issued against December corn futures overnight. The national average Cash Corn price from cmdtyView is down 3 cents at $4.12 3/4. Following the release of the weekly Export Sales report,...
From
Reuters
via
gCaptain
Iranian Oil Prices to China Hit New Multi-year Highs as Sanctions Hit Shipping
The price of Iranian crude oil sold to China has risen to the highest in years as fresh U.S. sanctions have tightened shipping capacity and driven up logistics costs, trade sources and analysts said.