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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 Gets a Thursday Pop With Sales Exceeding Expectations
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 at $4.07 1/2. This morning’s Export Sales report showed 1.732 MMT in corn sales, a...
From
Austin Schroeder
via
Barchart
Wheat Rallies on Thursday
The wheat complex closed with gains across the three exchanges on Thursday. Chicago SRW futures were up 7 to 10 cents on the session. KC HRW contracts posted 8 ¼ to 10 ¼ cent gains on the day. MPLS spring wheat was up 6 to 9 cents to close the...
From
Mike Schuler
via
gCaptain
GAO Sounds Alarm on Navy’s Amphibious Fleet Readiness
A new Government Accountability Office (GAO) report has revealed readiness challenges plaguing the U.S. Navy’s amphibious warfare fleet, with half of the 32-vessel force reported to be in poor condition....
From
Chris Swift
via
Barchart
Shootin' the Bull about assumption of risks
The margin squeeze is old news, has most likely done irreversible damage to some, with expectations of packers pulling out all the stops to find margin somewhere, somehow.
From
Mike Schuler
via
gCaptain
Dead Calm: Denmark Receives Zero Bids in Largest-Ever Offshore Wind Auction
By Sanne Wass (Bloomberg) — Denmark received no bids in its largest-ever wind power tender, aimed to more than triple its offshore capacity by the end of the decade. The Danish...
From
Mike Schuler
via
gCaptain
Shell and Equinor Join Forces to Create UK North Sea’s Largest Independent Oil Producer
Units of Equinor and Shell have announced plans to merge their UK offshore oil and gas operations, creating the largest independent producer in the UK North Sea. The 50-50 joint...
From
Mike Schuler
via
gCaptain
LNG’s Adolescence: Maturing Fast in the Race to Decarbonize Shipping, But Infrastructure Gap Looms
LNG-fueled vessels are rapidly emerging as the frontrunner in alternative marine fuels, despite representing just a fraction of the global fleet. A recent report from industry coalition SEA-LNG revealed that...
From
Oliver Sloup
via
Barchart
Grain Markets Pop and Cattle Futures Drop
Grain markets were higher across the board in today’s trade while cattle futures saw continued long liquidation which pressured prices
From
Austin Schroeder
via
Barchart
Wheat Rallying on Thursday
The wheat complex is trading with gains across the three exchanges on Thursday. Chicago SRW futures are up 8 to 9 cents at midday. There were 20 deliveries issued against December CBT wheat overnight. KC HRW contracts are showing 9 to 10 cent gains so far on the day. MPLS...
From
Austin Schroeder
via
Barchart
Soybeans Showing Midday Gains on Thursday
Beans are showing 4 to 6 cent gains so far on the Thursday session, 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 5 ¾ cents at $9.40 1/2. Soymeal...
From
Austin Schroeder
via
Barchart
Corn Pushing Higher As Sales Exceed Expectations
Corn is posting 4 to 5 cent gains at the midday session on Thursday, as Export Sales data was better than expected. There were no deliveries issued against December corn overnight. The national average Cash Corn price from cmdtyView is up 4 1/4 cents at $4.07. This morning’s Export Sales...