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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
Austin Schroeder
via
Barchart
Soybeans Fall into the Close
Soybeans rounded out the midweek session with contracts closing 7 to 8 cents in the red. CmdtyView’s national front month Cash Bean price is back down 8 cents at $9.35 3/4. Soymeal futures were $1.50 to $2/ton higher. Soy Oil futures were down 72 to 77 points on the session....
From
Austin Schroeder
via
Barchart
Corn Weakness Extends into the Close as Ethanol Production Backs Off
Corn slid lower on Wednesday, as contracts closed with losses of 1 to 2 ½ cents in the nearby contracts on the day. The national average Cash Corn price from cmdtyView was down 2 cents at $4.03 1/2. The weekly EIA report showed ethanol production dropping off last week’s record...
From
Oliver Sloup
via
Barchart
Ag Markets Come Under Pressure While Stocks Make New Highs
Grain markets were lower as the lack of new news has kept buyers at bay. Livestock markets came under pressure on the back of long liquidation from funds. In the outside markets, it was new all-time highs for the S&P and NASDAQ.
From
Mike Schuler
via
gCaptain
M/V ARC Endeavor Joins Maritime Security Program Fleet
American Roll-On Roll-Off Carrier Group Inc. (ARC) has integrated the recently reflagged M/V ARC Endeavor into the Maritime Security Program (MSP) fleet as of December 1, replacing the M/V Endurance....
From
Chris Swift
via
Barchart
Shootin' the Bull about lots of interest at this price level
Open interest continues to be the most interesting aspect of this time frame due to a belief of significant commodity fund participation.
From
Mike Schuler
via
gCaptain
Trump’s Trade Hawk Peter Navarro Tapped for White House Return
Former White House adviser Peter Navarro has been named to return as senior counselor for trade and manufacturing in President-Elect Trump’s second administration. Trump’s announcement, made via Truth Social, emphasizes...
From
Austin Schroeder
via
Barchart
Soybeans Slipping Lower but Off Early Lows
Soybeans bouncing off the early midday lows on Wednesday, though contracts are still down 5 to 7 cents at midday. CmdtyView’s national front month Cash Bean price is back down 6 3/4 cents at $9.36. Soymeal futures are just 70 cents/ton higher. There were 5 deliveries issued against December bean...
From
Austin Schroeder
via
Barchart
Wheat Pulling Off Midday Lows
The wheat complex is trying to push back higher at midday of the Wednesday session. Chicago SRW futures are down 1 to 2 cents at the moment. There have yet to be any deliveries against December CBT wheat since FND. KC HRW contracts are down 1 to 2 cents in...
From
Austin Schroeder
via
Barchart
Marginal Losses Continuing for Corn
Corn bulls continue to be in the bend don’t break mindset, with futures down another 1 to 2 cents at midday. There were 111 deliveries issued against December corn futures overnight to take the total since FND to 444. The national average Cash Corn price from CmdtyView was down 3/4...
From
Mike Schuler
via
gCaptain
Mega-Containership and Oil Tanker Collide in Strait of Gibraltar
A crude oil tanker and one of the world’s largest containerships collided early Tuesday, December 3, in the Strait of Gibraltar. The accident involved the crude oil tanker Gloria Maris,...
From
Bloomberg
via
gCaptain
Maersk Sell Ratings Stack Up as Oversupply Concerns Mount
Sell recommendations on A.P. Moller - Maersk A/S shares are piling up as worries return about oversupply in the shipping market.