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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
Bloomberg
via
gCaptain
Panama Purging Sanctioned Ships in Flag Registry Crackdown
Panama is canceling the registration of six ships sailing under its flag that were sanctioned by the UK last week, a boost for Western nations that have slapped sanctions on Moscow’s oil exports.
From
Austin Schroeder
via
Barchart
Wheat Mixed at Midday, with Spring Wheat Slipping
The wheat complex is mixed across the three markets so far on Monday. Chicago SRW futures are up fractionally in most contracts, as in delivery Dec is up 7 1/4 cents on the day. KC HRW contracts are up fractionally at midday as well, with Dec up 5 ½ cents....
From
Austin Schroeder
via
Barchart
Corn Posting Mixed Midday Action
The corn market is trading on either side of unchanged at midday, with contracts up 1 ½ to fractionally lower. There were another 111 deliveries issued against December corn futures, all stopped by an R.J.O’Brien customer. The national average Cash Corn price from cmdtyView is down 3 ½ cents at...
From
Austin Schroeder
via
Barchart
Soybean Falling to Start the Week as Export Business Continues to Trickle In
Soybeans are weaker at midday on Monday, as contracts are down 8 to 9 cents. CmdtyView’s national front month Cash Bean price is down 8 1/4 cents at $9.31. Soymeal futures are down $3.10/ton on the day. There were 394 deliveries issued against December soybean meal, all stopped by a...
From
Mike Schuler
via
gCaptain
Five Missing After Fishing Vessel Capsizes in Treacherous Alaskan Waters
The U.S. Coast Guard, alongside Good Samaritans, is conducting an urgent search operation for five people after their fishing vessel Wind Walker capsized near Couverden Point, Alaska, in an area...
From
Oliver Sloup
via
Barchart
Grain and Livestock Markets Start the New Month Mixed
Grains were mostly weaker overnight but have shown some signs of life since the floor open. Wide ranges in livestock to start the first trading day of the month.
From
Sal Mercogliano
via
gCaptain
For Want of an Oiler: The Fragile State of America’s Afloat Logistics Fleet
Salvatore R. Mercogliano, Ph.D. – The Navy oiler – a tanker designed to refuel other ships while at sea – shuddered from the hit. Almost immediately, water began to flood...
From
Reuters
via
gCaptain
Hapag-Lloyd Expects Lower Profitability in Fourth Quarter
Hapag-Lloyd expects lower profitability in the fourth quarter but still at a "good level", after freight rates peaked in the third quarter, Rolf Habben Jansen, the CEO of the German shipping company, said at a press conference on Monday.
From
Mike Schuler
via
gCaptain
Maersk Orders 20 Dual-Fuel Containerships in Major Fleet Renewal Push
A.P. Moller-Maersk has finalized agreements for 20 new dual-fuel container vessels as part of its ambitious fleet modernization strategy, marking a significant step in the shipping giant’s decarbonization efforts. The...
From
Oliver Sloup
via
Barchart
Grains take a weaker tone as traders come back from a Thanksgiving break.
Watch us on RFD-TV, today at 9:45am CT!
Grain markets are lower in the early morning trade. Can seasonal tendencies offer strength in the month of December?
From
Austin Schroeder
via
Barchart
Soybean Losses Extending on Monday AM Trade
Soybeans are trading with Monday losses of 3 to 4 cents so far. They bounced back off the midday lows into the Friday close, with contracts down 1 to 3 ¾ cents, as January was up ¾. On the week January was up 6 cents, with the contracts down 5...