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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
Oliver Sloup
via
Barchart
Grains Stall at Technical Resistance
Watch us on RFD-TV, today at 12:45pm CT!
Grain markets failed to find any meaningful follow through in Wednesdays trade. A healthy pause or a top?
From
Austin Schroeder
via
Barchart
Wheat Pushing Higher Ahead of Export Sales Release
Wheat is showing fractional to 3 cent gains so far. The wheat complex closed the Wednesday session with contracts mostly higher across the three markets. Chicago SRW futures were 1 1/2 to 2 1/2 cents higher across the board. There were another 5 deliveries issued against December CBT wheat overnight....
From
Austin Schroeder
via
Barchart
Corn Slipping to Start Thursday Trade
Corn price action has thing starting on the lower side of unchanged so far on Thursday by 1 to 3 cents. Futures slipped up into the close running into some technical resistance, with nearbys down ¾ to 2 ½ cents and other contracts up ¼ to 2 ¾ cents. Preliminary...
From
Austin Schroeder
via
Barchart
Soybeans Sneaking higher on Thursday AM
The soybean market is showing some slight 1 to 2 cent gains so far. Soybeans settled the Wednesday session with contracts ¾ to 5 ½ cents higher. CmdtyView’s national front month Cash Bean price was up 1/2 cent at $9.46 1/2. Soymeal futures were down 90 cents to 40 cents/ton...
From
Darin Newsom
via
Barchart
Why Weren't Red Meat Markets Red?
The only commodity complex sector not in the red early Thursday morning was Livestock, because markets there don't trade overnight. But that's just the beginning of the story.
From
Malte Humpert
via
gCaptain
Russia’s Rosneft Delays Arctic Mega Oil Project Due to Sanctions, Shortage of Oil Tankers
Russian Oil major Rosneft has delayed the commissioning of the Vostok Oil project until 2026, in part due to a shortage of ice-capable oil tankers as a result of Western sanctions. Earlier this year the U.S. announced sanctions aimed at slowing down or halting the construction and logistics operations of the project.
From
Bloomberg
via
gCaptain
EU Backs Sanctions Package, Includes 45 Additional Russian Oil Tankers
The European Union gave preliminary backing to a 15th package of sanctions against Russia that includes an extension of an exemption for Slovakia to trade petroleum products derived from Russian oil through early June.
From
Reuters
via
gCaptain
Rosneft, Reliance Agree Biggest Ever India-Russia Oil Supply Deal, Sources Say
Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day (bpd) of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said.
From
Austin Schroeder
via
Barchart
Wheat Closes Higher at Midweek
The wheat complex closed the Wednesday session with contracts mostly higher across the three markets. Chicago SRW futures were 1 1/2 to 2 1/2 cents higher across the board. KC HRW contracts were up 1 ½ to cents on the day. MPLS spring wheat was steady to 3 1/4 cents...
From
Austin Schroeder
via
Barchart
Soybeans Hold onto Gains at Wednesday’s Close
Soybeans settled the Wednesday session with contracts ¾ to 5 ½ cents higher. CmdtyView’s national front month Cash Bean price was up 1/2 cent at $9.46 1/2. Soymeal futures were down 90 cents to 40 cents/ton higher on the day. Soy Oil futures ended down 21 to 30 points on...
From
Austin Schroeder
via
Barchart
Corn Reverses to Close with Mixed Action
Corn futures slipped up into the close running into some technical resistance, with nearbys down ¾ to 2 ½ cents and other contracts up ¼ to 2 ¾ cents. The national average Cash Corn price from cmdtyView was down a penny at $4.20. Weekly EIA data showed ethanol production totaling...
From
Chris Swift
via
Barchart
Shootin' the Bull about input costs and being short bought
Input costs, and the price of money, are on the rise.