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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
UK Expands Emissions Trading Scheme to Maritime Sector
The UK is expanding its Emissions Trading Scheme (ETS) to include maritime emissions, marking a transformative step for the shipping industry’s environmental accountability. The expansion will require vessels operating domestic...
From
Mike Schuler
via
gCaptain
Hamburg’s Historic Port Looks to the Future with MSC Backing
A unit of the world’s largest shipping line, MSC Mediterranean Shipping Company, and the City of Hamburg have successfully completed their joint venture agreement for Hamburger Hafen und Logistik AG...
From
Mike Schuler
via
gCaptain
Shipping Magnate Pivots Her $6 Billion Fortune Towards Equities
The family office for Maria Angelicoussis, Greece’s richest shipping magnate, is boosting publicly traded investments after notching up huge gains in private market bets, according to people with knowledge of the matter.
From
Mike Schuler
via
gCaptain
Autopilot Oversight: How 12 Minutes of Confusion Sealed HMNZS Manawanui’s Fate
An interim Court of Inquiry report reveals that a critical series of human errors involving the HMNZS Manawanui’s autopilot system led to the disaster. The Royal New Zealand Navy dive...
From
Bloomberg
via
gCaptain
Chinese Buyers Soak Up Unsold Oil as Iranian Crude Flows Slow
China’s independent refiners have snapped up barrels from across the Middle East and Africa as offers of Iranian oil remain scarcer and more expensive than usual, in part due to broadening US sanctions.
From
Austin Schroeder
via
Barchart
Corn Traders Looking to Kick Off Black Friday Trade
The markets will be opening this morning at 8:30 am CST. The corn market was steady to a penny lower across most contracts on Wednesday, with December down 4 ¼ cents ahead of first notice day. There were 111 deliveries issued against December corn futures on First notice day, with...
From
Austin Schroeder
via
Barchart
Wheat Drops on Wednesday, Traders Waiting for the Open
Wheat posted losses across the three markets on Wednesday ahead of the Holiday. Chicago SRW futures were down 1 to 9 1/2 cents in most contracts. KC HRW contracts were 13 to 14 1/4 cents lower on the session, with December falling 24 ¼ ahead of First Notice Day. MPLS...
From
Austin Schroeder
via
Barchart
Soybeans Look to Friday Trade After Gains Ahead of Holiday
Soybeans posted firm to 5 ¼ cent higher trade on Wednesday ahead of the day off on Thursday. Things will open back up at 8:30 am CST. CmdtyView’s national front month Cash Bean price up 5 1/4 cents at $9.38 1/4. Soymeal futures were up $2.40 to $4.40/ton on the...
From
Darin Newsom
via
Barchart
What Will Traders be Watching as November Comes to an End?
The stage is set for what should be an interesting last trading day of November 2024.
From
Malte Humpert
via
gCaptain
Coast Guard Inks Deal to Acquire ‘Aiviq’ As Vessel Arrives in Tampa Dry Dock to Begin Conversion
The U.S. Coast Guard has closed on the $125m fixed-price deal to acquire and convert icebreaking supply ship Aiviq from Offshore Surface Vessels LLC, part of Edison Chouest Offshore (ECO).
From
Reuters
via
gCaptain
New Zealand Navy Ship Sank Due to Human Error, Inquiry Finds
A Royal New Zealand Navy vessel ran aground and sank off the coast of Samoa last month as a result of human error, a government-initiated inquiry found on Friday.
From
Bloomberg
via
gCaptain
Chinese Buyers Soak Up Unsold Oil as Iranian Crude Flows Slow
China’s independent refiners have snapped up barrels from across the Middle East and Africa as offers of Iranian oil remain scarcer and more expensive than usual, in part due to broadening US sanctions.