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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
Maritime Heroes Honored: IMO Recognizes Exceptional Bravery at Sea
The International Maritime Organization (IMO) presented the 2024 IMO Award for Exceptional Bravery at Sea to the the Captain and crew of the oil tanker Marlin Luanda and the tugboat Pemex Maya during the...
From
Bloomberg
via
gCaptain
Blacklisted Tanker Avoids English Channel as UK Expands Sanctions Enforcement
A tanker hauling Russian crude from the Baltic Sea to India is taking an unusually long route around the UK, just as Britain expands sanctions against Russia’s energy industry.
From
Mike Schuler
via
gCaptain
Biden Administration Forges Ahead with Offshore Wind Development Despite Trump Threats
The U.S. Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has issued two major decisions advancing offshore wind development along the U.S. East Coast, despite potential headwinds from...
From
Reuters
via
gCaptain
As Sabotage Allegations Swirl, NATO Struggles to Secure the Baltic Sea
TURKU, Finland, Dec 3 (Reuters) – On Nov. 18, hours after two communication cables were severed in the Baltic Sea, 30 NATO vessels and 4,000 military staff took to the same body of water for one of northern...
From
Mike Schuler
via
gCaptain
ILA-USMX Port Automation Dispute Intensifies as January Deadline Looms
The International Longshoremen’s Association (ILA) and U.S. Maritime Alliance (USMX) are locked in a critical dispute over port automation, with a looming January 15, 2025 deadline that could trigger another...
From
Editorial
via
gCaptain
Starship to Shipyards: How Space Policy Could Save U.S. Maritime Power
Can lessons learned in space help us revitalize america’s maritime economy? By Bruce Kimbrell (Policy Op-Ed) On the 249th anniversary of the U.S. Navy’s founding, America celebrated an unexpected milestone—not at sea,...
From
Austin Schroeder
via
Barchart
Soybeans Holding Turnaround Tuesday Gains at Midday
Soybeans are backing off the early Tuesday highs, but still posting midday gains of 2 to 5 cents. CmdtyView’s national front month Cash Bean price is up 5 ½ cents at $9.42 3/4. Soymeal futures is trying to hold gains, with March up $1/ton. There were another 43 deliveries issued...
From
Austin Schroeder
via
Barchart
Corn Leaking Lower at Midday
The corn market is slipping with fractional losses at Tuesday’s midday, with futures fading off the early session lows. There were 111 deliveries against December corn futures overnight, all by an R.J.O customer. The national average Cash Corn price from cmdtyView is down ¼ cent at $4.04 1/4. USDA’s Grain...
From
Austin Schroeder
via
Barchart
Wheat Backing off Highs at Midday
The wheat complex is backing off the early strength on Tuesday, with the three markets holding slight gains at midday. Chicago SRW futures are up fractionally in the nearbys, with thin Dec up 7 ¼. KC HRW contracts are up 1 to 2 cents, with Dec up 3 on thinner...
From
Mike Schuler
via
gCaptain
U.S. Imposes Sweeping Sanctions on Shadow Fleet Moving Iranian Oil
The United States has imposed sanctions on 35 entities and vessels involved in transporting Iranian oil to international markets, as part of a major crackdown on Iran’s petroleum trade network....
From
Mike Schuler
via
gCaptain
U.S. Navy Increasingly Turning to Commercial Tankers for At-Sea Refueling Operations
The U.S. Navy is increasingly relying on consolidated cargo operations (CONSOL) with commercial tankers to support its global fleet, marking a strategic shift in the service’s fleet refueling operations. Last...
From
Reuters
via
gCaptain
China Bans Export of Key Minerals to U.S. as Trade Frictions Escalate
China has banned exports to the United States of items related to the minerals gallium, germanium and antimony that have potential military applications, it said on Tuesday, a day after Washington's latest crackdown on China's chip sector.