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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
UK Calls for Mandatory Thermal Imaging After Stena Europe Engine Fire
UK investigators are urging the International Maritime Organization (IMO) to mandate thermographic equipment for hot surface detection following a serious engine room fire aboard the passenger ferry Stena Europe. The...
From
Mike Schuler
via
gCaptain
Wallenius Wilhelmsen Secures Contracts Worth $375M as Market Shows Signs of Cooling
Wallenius Wilhelmsen has secured two major multi-year contracts with leading automotive manufacturers, both featuring biofuel components. The deals, valued at approximately $375 million combined, demonstrate a growing commitment to environmental...
From
Oliver Sloup
via
Barchart
Grain Markets Struggle in Thursday’s Trade. Short Term Pause or a Market Top?
Grain markets struggled to gain ground in Thursday’s trade. Corn has been the leader over the past several weeks, but is it time for soybeans and wheat to take charge?
From
Austin Schroeder
via
Barchart
Soybeans Slipping on Friday Morning Trade
Soybeans are trading with 2 to 5 cent losses in early Friday trade. The soybean market posted a mixed Thursday close, as contracts were down 1 ¾ to ½ cent higher. CmdtyView’s national front month Cash Bean price was steady at $9.46 1/2. Soymeal futures were down $1.1 to $1.60/ton...
From
Austin Schroeder
via
Barchart
Corn Steady to Kick Off Friday
Corn futures are trading near unchanged so far on Friday morning. The corn market closed out the Thursday session with contracts down ½ to 6 ¼ cents, retreating from the early week rally. There were another 107 deliveries issued against December corn futures overnight, with contract expiration today. The national...
From
Austin Schroeder
via
Barchart
Wheat Hovering Near Unchanged to Start Friday
Wheat is off to a slow start on Friday morning, with contracts sticking close to steady. The wheat complex closed with weakness across the three markets on Thursday. Chicago SRW futures were 4 ¼ to 4 3/4 cents lower across the board. KC HRW contracts were down 4 ¼ to...
From
Reuters
via
gCaptain
China Says Philippines Has ‘Provoked Trouble’ in South China Sea With U.S. Backing
China accused the Philippines on Friday of having "provoked trouble" in the South China Sea with U.S. backing, a week after Beijing and Manila traded accusations over a new confrontation in the disputed waters.
From
Bloomberg
via
gCaptain
Modi’s $6 Billion Submarine Plan Stalls Following Sea Tests
India’s $6 billion plan to build submarines has stalled because of contractor complaints over whether proper procedures were followed during tests at sea, delaying the navy’s efforts to bolster its capabilities as China expands its presence in the Indian Ocean.
From
Darren Carlat
via
Barchart
Corn and Arabica Coffee have their highest carry yield for the past 52 week
Corn is very near the lowest price recorded over the past few years despite the 52 week low carry yield. Diving deeper, the technicals for Corn are sending mixed signals depending on the chart and timeframe analyzed.
From
Ben DiCostanzo
via
Barchart
Cattle Makes New High Then Falls Back
Cattle Makes new all-time high for the lead contract then breaks down
From
Austin Schroeder
via
Barchart
Soybeans Close Near Unchanged on Thursday
The soybean market posted a mixed Thursday close, as contracts were down 1 ¾ to ½ cent higher. CmdtyView’s national front month Cash Bean price was steady at $9.46 1/2. Soymeal futures were down $1.1 to $1.60/ton on the day. Soy Oil futures were back up 21 to 31 points...
From
Austin Schroeder
via
Barchart
Wheat Closes with Losses After Slow Export Sales
The wheat complex closed with weakness across the three markets on Thursday. Chicago SRW futures were 4 ¼ to 4 3/4 cents lower across the board. KC HRW contracts were down 4 ¼ to 5 cents on the day. MPLS spring wheat closed with steady to 5 cent losses across...