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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
Lori Ann LaRocco
via
gCaptain
Nuance in Ocean Freight Rates Could Be Another Front-Loading Tea Leaf
Ocean freight rates have jumped up for the December 15-31 bookings signaling a tightness of space due to demand. Logistics managers tell gCaptain the special bullet rates have quickly disappeared the time being and the spot is heading up.
From
Mike Schuler
via
gCaptain
Drones Over the Jersey Shore? Congressman Claims Iran Mothership is Lurking Off U.S. Coast
Congressman Jeff VanDrew of New Jersey claims Iran has positioned a drone mothership off the U.S. East Coast, allegedly responsible for recent mysterious drone activities in the region. The assertion...
From
Austin Schroeder
via
Barchart
Wheat Popping Higher on Wednesday
The wheat complex is showing mostly higher trade across most contracts on Wednesday. Chicago SRW futures are 3 to 4 cents higher across most contracts. There were another 2 deliveries issued against December CBT wheat futures overnight. KC HRW contracts are 2 to 3 cents higher on the day. MPLS...
From
Austin Schroeder
via
Barchart
Soybeans Bulls Pushing Higher on Wednesday
Soybeans are trading with 4 to 5 cent gains across the nearbys so far on Wednesday. CmdtyView’s national front month Cash Bean price is up 3 1/2 cents at $9.49 1/4. Soymeal futures are up 90 cents/ton on the day. There were another 456 deliveries issued against December soybean meal...
From
Austin Schroeder
via
Barchart
Corn Extending Gains as Ethanol Production Bounces
Corn futures are trading with 1 to 2 cent gains so far on Wednesday to extend the strength on Wednesday. Preliminary open interest saw net new buying on Tuesday, up 26,476 contracts. The national average Cash Corn price from cmdtyView is up 1 1/4 cents at $4.22 ¼. Weekly EIA...
From
Reuters
via
gCaptain
Yellen: Soft Oil Market Opens Door to Squeeze Russia Further
The United States is continuing to look for creative ways to reduce Russia's oil revenue and lower global demand for oil creates an opportunity for more sanctions, Treasury Secretary Janet Yellen said on Wednesday.
From
Reuters
via
gCaptain
Kawasaki Heavy Suspends Plan to Use Hydrogen From Aussie Coal
Kawasaki Heavy Industries has revised its Japan-Australia hydrogen supply chain demonstration project, suspending plans to use hydrogen derived from Australian brown coal and shrinking the size of the ships to be used.
From
Bloomberg
via
gCaptain
Trump Trade War to Hurt US Farmers More as China Turns to Brazil
Donald Trump’s first trade war hurt American soybean farmers to the tune of $11 billion. A sequel is set to be even worse.
From
Mike Schuler
via
gCaptain
U.S. Port Efficiency Rankings Spark Heated Debate as ILA-USMX Labor Negotiations Intensify
The International Longshoremen’s Association (ILA) leadership is challenging recent media narratives about U.S. port efficiency, as tensions escalate over port automation ahead of a critical January 2025 deadline. The media...
From
Mike Schuler
via
gCaptain
QatarEnergy Seals Historic LNG Fleet Expansion
QatarEnergy has reached a significant milestone by awarding its final batch of vessel contracts to a Japanese-Chinese partnership between Mitsui O.S.K Lines (MOL) and COSCO Shipping LNG Investment (Shanghai) Co....
From
Oliver Sloup
via
Barchart
A Friendly WASDE Report Sparks Optimism in Grain Markets
Grain markets received friendly news from the USDA on Tuesday which renewed optimism, specifically in corn. Is there more upside to come?
From
Austin Schroeder
via
Barchart
Soybeans Correcting Back Lower to Start Wednesday
Soybeans are trading with a slight pullback on Wednesday morning, down 3 to 4 cents. Futures held up on the Tuesday session as USDA made minimal changes to the US or world balance sheets. Contracts were up 3 ¾ to 5 ¼ cents at the close. CmdtyView’s national front month...