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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 Putting on a Friday Rally
The corn market is posting a midday Friday rally, with contracts up 3 to 4 cents as March is trying to creep back above $4.40. The national average Cash Corn price from cmdtyView is up 4 3/4 cents at $4.12. Export Sales data has accumulated corn shipments at 11.384 MMT,...
From
Mike Schuler
via
gCaptain
Abandoned Cargo Ship Listing in Red Sea After Engine Room Flooding
The Panama-flagged cargo vessel MV ISA STAR has been abandoned in the Red Sea after experiencing flooding in its engine room, with all 20 crew members successfully rescued. According to...
From
Bloomberg
via
gCaptain
Canada Seeks Stronger US Ties in Arctic to Counter Russia, China
Canada will establish two new Arctic consulates in Alaska and Greenland and appoint a dedicated Arctic ambassador as part of a long-awaited strategy for a region where Russia and China are increasingly seeking to assert their influence.
From
Mike Schuler
via
gCaptain
Revolutionary Wind-Powered Car Carrier Enters Critical Testing Phase
Wallenius Marine is conducting groundbreaking wind tunnel tests in Gothenburg for what aims to be the world’s first wind-powered Pure Car and Truck Carrier (PCTC). The tests, featuring wind speeds...
From
The Loadstar
via
gCaptain
Spot Rate Rollercoaster: Carriers Bank on GRIs Ahead of Lunar New Year
Asia-Europe carriers saw their early December general rate increases (GRIs) stick this week, with spot rates into both North Europe and Mediterranean ports seeing double-digit increases.
From
Oliver Sloup
via
Barchart
Are Grains Gearing up for a Santa Claus Rally?
Grains had an impressive move higher in Thursdays trade. The beginning of a bigger rally?
From
Austin Schroeder
via
Barchart
Soybeans Gaining Some Steam to Kickoff Friday
Soybeans are up 2 to 3 cents so far on the Friday morning session and pushing on the overnight highs. Beans settled the Thursday session with losses of 3 ½ to 10 cents across the board, as sales continue to improve and a cut to the Canadian canola crop are...
From
Austin Schroeder
via
Barchart
Wheat Pushing Higher on Friday AM
Wheat futures are showing marginal gains on Friday morning. The wheat complex closed with gains across the three exchanges on Thursday. Chicago SRW futures were up 7 to 10 cents on the session. There were 7 deliveries issued against Dec CBT wheat overnight. KC HRW contracts posted 8 ¼ to...
From
Austin Schroeder
via
Barchart
Corn Bulls Showing Slight Strength on Friday AM
Futures are posting some slight 1 to 2 cent gains so far on Friday morning. The corn market closed out the Thursday session with 3 ¾ to 5 cent gains, as Export Sales data was better than expected. The national average Cash Corn price from cmdtyView was up 5 cents...
From
Darin Newsom
via
Barchart
What Drove Markets Overnight?
It's hard to say the overnight session was interesting through early Friday morning, though some markets did stand out.
From
Malte Humpert
via
gCaptain
U.S. Coast Guard Icebreaker ‘Aiviq’ to be Renamed ‘Storis’ Photos Reveal
A week after Aiviq arrived at Tampa Ship LLC in Florida a new set of photos shows the vessel fully repainted in U.S. Coast Guard icebreaker red. The transom at the stern of the ship reveals the vessel’s likely new name: Storis.
From
Austin Schroeder
via
Barchart
Soybeans Bulls Show Some Strength on Thursday
Beans settled the Thursday session with losses of 3 ½ to 10 cents across the board, as sales continue to improve and a cut to the Canadian canola crop are giving the bulls a spike. CmdtyView’s national front month Cash Bean price is back up 10 cents at $9.45 3/4....