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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
Somali Pirates Hijack Chinese Fishing Vessel in Renewed Threat Shipping
The European Union’s Operation ATALANTA is monitoring a Chinese fishing vessel allegedly hijacked off Somalia’s northeastern Puntland coast. The vessel, which remains within Somali territorial waters, has been confirmed to...
From
Bloomberg
via
gCaptain
Oil Patch in Canada Has $24 Billion Shield Against Trump Tariffs
The expansion of Canada’s Trans Mountain pipeline represented a $24 billion bid to help the country’s oil producers reduce their near-total reliance on the US market. That’s a bet that may pay off sooner than expected if President-elect Donald Trump follows through on his tariff threats.
From
Reuters
via
gCaptain
Crew of Panama-Flagged Cargo Ship Rescued in Red Sea
The crew of Panama-flagged cargo ship MV ISA STAR have been rescued in the Red Sea after sending a distress signal, the EU's Aspides naval mission said.
From
Mike Schuler
via
gCaptain
UNCTAD: Global Trade On Track to Hit Record $33 Trillion in 2024
Global trade in both goods and services is poised to achieve an unprecedented $33 trillion in 2024, marking a substantial $1 trillion increase and 3.3% annual growth despite persistent challenges,...
From
Mike Schuler
via
gCaptain
FMC Investigating Spain’s Alleged Port Access Denial of U.S.-Flagged Vessels
The Federal Maritime Commission (FMC) has launched a formal investigation into Spain’s apparent controversial port access restrictions targeting vessels suspected of carrying military cargo to Israel. The investigation comes after...
From
Austin Schroeder
via
Barchart
Soybeans Back to Higher Trade
After a weaker Wednesday, Thursday morning trade shows gains of 1 to 2 cents. Soybeans rounded out the midweek session with contracts closing 7 to 8 cents in the red. Preliminary open interest was up 5,651 contracts on Wednesday. CmdtyView’s national front month Cash Bean price is back down 8...
From
Austin Schroeder
via
Barchart
Wheat Getting a Pop on Thursday AM
Wheat is trading with 3 to 6 cent gains across the three markets on Thursday morning. The wheat complex closed out the Wednesday session mixed across the three exchanges. Chicago SRW futures were fractionally to 1 ¼ cents higher in the front months. There were 20 deliveries issued against December...
From
Austin Schroeder
via
Barchart
Corn Leaking Lower Ahead of Export Sales Release
The corn market is showing fractional losses so far on Thursday morning. Corn slid lower on Wednesday, as contracts closed with losses of 1 to 2 ½ cents in the nearby contracts on the day. There were no deliveries issued against December corn overnight. The national average Cash Corn price...
From
Austin Schroeder
via
Barchart
Soybeans Back to Higher Trade
After a weaker Wednesday, Thursday morning trade shows gains of 1 to 2 cents. Soybeans rounded out the midweek session with contracts closing 7 to 8 cents in the red. Preliminary open interest was up 5,651 contracts on Wednesday. CmdtyView’s national front month Cash Bean price is back down 8...
From
Bloomberg
via
gCaptain
Philippines Files Protest Against China After Sea Incidents
The Philippines filed a diplomatic protest against Beijing on Thursday, a government official said, following fresh encounters between Chinese and Philippine vessels in the disputed South China Sea.
From
Darren Carlat
via
Barchart
Corn and Lean Hogs continue to have their highest carry yield for the past 52 weeks. Soybean Meal is at its lowest level.
Despite the high carry yield, front month Corn is much closer to its lowest level versus the highest over the past few years. Corn has broken through the declining trendline but has done so in a very unconvincing fashion. Lean Hogs, on the other hand, has been moving higher since mid July while riding steadily up the rising trendline.
From
Austin Schroeder
via
Barchart
Wheat Rounds Out Wednesday on a Mixed Note
The wheat complex closed out the Wednesday session mixed across the three exchanges. Chicago SRW futures were fractionally to 1 ¼ cents higher in the front months. KC HRW contracts were up fractionally, with December 3 cents higher at the close. MPLS spring wheat posted fractional losses across most contracts...