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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
Mike Schuler
via
gCaptain
WATCH: Australian Navy Joins Elite Club with Tomahawk Missile Test
The Royal Australian Navy has joined an exclusive group of nations capable of deploying Tomahawk cruise missiles, marking a transformative moment in the nation’s naval history. The breakthrough came as...
From
Chris Swift
via
Barchart
Shootin' the Bull about change's
There is little to hash out. The industry is changing and higher prices are expected to quicken the change. Higher prices will cure high prices. What we are testing at the moment is how high that price has to be.
From
Bloomberg
via
gCaptain
Denmark’s Auction Flop Reveals Cracks in Europe’s Offshore Wind Industry
Europe is starting to find the limit of a decades-long boom in offshore wind.
It can be seen most acutely in the places that have been quickest to build capacity. Countries like Denmark and Sweden are beginning to hit a wall as power prices and incentives drop too low to make building projects worth it. The latest example is a Danish government auction for offshore wind that failed to attract any bids.
From
Mike Schuler
via
gCaptain
Davie Undertaking Major Shipyard Transformation to Build Canada’s Most Advanced Icebreakers
Canada’s Chantier Davie Canada Inc. (Davie Shipbuilding) has announced strategic partnerships with Pearlson & Pearlson Inc. and Construction Dinamo Inc. to transform its Lévis facility in Québec into North America’s largest and...
From
Bloomberg
via
gCaptain
Car Carrier Bull Market Seems to Be Fading
Since the pandemic, earnings for ships that move cars across the oceans have soared to record levels, fueled by booming global trade in vehicles. The rally is starting to fade.
From
Mike Schuler
via
gCaptain
Houthis Claim New Attacks on ‘American Supply Ships’ and Destroyers in Gulf of Aden
The Iran-backed Houthis have announced the targeting of three American supply vessels and two destroyers in the Gulf of Aden. The alleged incident occurred as the vessels were reportedly departing...
From
Austin Schroeder
via
Barchart
Soybean Holding Gains at Tuesday’s Midday
Soybean futures are holding onto gains at Tuesday with contracts fractionally to 2 cents higher. CmdtyView’s national front month Cash Bean price is back down 1 1/2 cents at $9.43. Soymeal futures are up $2.10/ton at the close. There were another 200 deliveries issued by Bunge’s house account overnight. Soy...
From
Austin Schroeder
via
Barchart
Corn Rallying After USDA Slashes Stocks
Corn bulls are feeling merry as the market trades through midday. Futures are trading with gains of 3 ¼ to 5 cents across the nearbys so far. The national average Cash Corn price from cmdtyView is up 4 1/4 cents at $4.18 1/2. The monthly WASDE report from this morning...
From
Austin Schroeder
via
Barchart
Wheat Trading with Midday Gains Following Stocks Cut
The wheat complex is posting gains across the three markets on Tuesday’s midday. Chicago SRW futures are 1 ½ to 4 cents higher. There were 3 deliveries issued against December CBT wheat futures overnight. KC HRW contracts are up 4 to 5 cents so far on the day. MPLS spring...
From
Reuters
via
gCaptain
Shell Settles Lawsuit Against Greenpeace Over Activists Boarding Oil FPSO
British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year.