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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 Falls on Thursday After Weak Export Sales Data
The corn market closed out the Thursday session with contracts down ½ to 6 ¼ cents, retreating from the early week rally. The national average Cash Corn price from cmdtyView was down 5 cents at $4.15. The weekly Export Sales report showed an 11-week low in corn bookings for 2024/25...
From
Mike Schuler
via
gCaptain
Trump Backs Longshoremen in Port Automation Dispute as January Strike Deadline Looms
President-Elect Donald Trump has thrown his support behind the International Longshoremen’s Association (ILA) in their ongoing labor dispute with the U.S. Maritime Alliance (USMX) over port automation. With a critical...
From
Reuters
via
gCaptain
Offshore Oil’s $7 Billion Question: Who Pays for Decommissioning?
W&T Offshore, an independent driller operating in the U.S. Gulf of Mexico, has asked a federal judge to block insurance companies' demands for $250 million in additional collateral for taking apart old oil infrastructure.
From
Mike Schuler
via
gCaptain
EU Delegation’s Covert Campaign to Dismantle Jones Act Exposed in Government Filing
A newly uncovered government disclosure has revealed a coordinated European Union effort to weaken one of America's foundational maritime laws, including through a TikTok-style influence campaign.
From
Chris Swift
via
Barchart
Shootin' the Bull about who owns what and where.
Open interest increased significantly at the known top of the market. This means that every new long position in futures owns cattle at near contract highs, and not too far from all time cash high.
From
Mike Schuler
via
gCaptain
Grounded Bulk Carrier in St. Lawrence Seaway Begins Critical Refloating Operation
Cargo lightering and refloating operations are commencing today for the Canadian-flagged bulk carrier, M/V Tim S. Dool, marking a crucial phase in the recovery efforts following its grounding last month....
From
Oliver Sloup
via
Barchart
Corn Retreats While Soybeans Hold Their Own
Corn has been outperforming soybeans as of late, are the tides about to turn?
From
Austin Schroeder
via
Barchart
Wheat Slipping After Slow Export Sales
The wheat complex is trading with weakness across the three markets at midday. Chicago SRW futures are 6 1/2 cents lower in the March contract. There were another 5 deliveries issued against December CBT wheat overnight. KC HRW contracts are down 6 ½ to cents on the day. MPLS spring...
From
Austin Schroeder
via
Barchart
Corn Heading Lower After Weak Export Sales Data
The corn market is facing 4 to 6 cent losses across the nearbys to Thursday’s midday. There were 172 deliveries issued against December corn futures overnight, all by a Marex customer. The national average Cash Corn price from cmdtyView was down 5 cents at $4.15. The weekly Export Sales report...
From
Austin Schroeder
via
Barchart
Soybeans Pulling Back at Midday
The soybean market is showing 4 to 6 cent losses in the front months on Thursday. CmdtyView’s national front month Cash Bean price is down 5 1/2 cents at $9.41 3/4. Soymeal futures are down $2.70/ton on the day. There were another 278 deliveries issued against December soybean meal overnight,...
From
Reuters
via
gCaptain
Singapore Port Authority Seeks Proposals to Help Scale LNG Bunkering
The Maritime and Port Authority of Singapore (MPA) has launched an expression of interest (EOI) to gather proposals for scaling up liquefied natural gas (LNG) for bunkering or ship refuelling, it said in a statement on Thursday.
From
Trent Klarenbach
via
Barchart
Soybean Market Analysis with Video
Trent Klarenbach of Klarenbach Research discusses the state of the soybean market as of December 11, 2024 analying the weekly and daily trends with a focus on key moving averages and levels of support and resistance.