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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
Austin Schroeder
via
Barchart
Soybean Bulls Gobbling Up Gains Ahead of Thanksgiving
Soybeans are trading with 2 to 6 cent gains on Wednesday at midday. CmdtyView’s national front month Cash Bean price is up 5 3/4 cents at $9.39 3/4. Soymeal futures are up $3.80/ton on the day. Soy Oil futures were back down 187 points on the session. USDA reported a...
From
Mike Schuler
via
gCaptain
Frontline CEO Warns of Shadow Fleet’s Impact on Tanker Market
Frontline plc posted a profit of $60.5 million in the third quarter of 2024 despite challenging market conditions. The tanker shipping giant reported revenues of $490.3 million. The company’s adjusted...
From
Bloomberg
via
gCaptain
Poland’s PM Proposes Navy Policing in Baltic Sea Amid Russia Threat
(Bloomberg) — Poland will propose a maritime policing program in the Baltic Sea similar to air-monitoring missions carried out by NATO members, Prime Minister Donald Tusk said on Wednesday. Tusk...
From
Reuters
via
gCaptain
Trump’s Trade War Redux: Meet the New Architect of America’s Tariff Agenda
President-elect Donald Trump on Tuesday chose trade lawyer Jamieson Greer as his new U.S. trade representative, elevating a key veteran of his first-term trade war against China to execute a sweeping tariff agenda that promises to upend global trade.
From
Reuters
via
gCaptain
Trump’s Tariff Plan Has No Exemption for Oil Imports
U.S. President-elect Donald Trump does not intend to spare crude oil from his planned 25% import tariffs on Canada and Mexico, sources told Reuters on Tuesday, as the oil industry warned the policy could hurt consumers, industry and national security.
From
Oliver Sloup
via
Barchart
A Quiet Grain Trade Ahead of Turkey Day
Grain markets are mixed in the early morning trade as the holiday trade starts to kick in.
From
Austin Schroeder
via
Barchart
Wheat Fading Back Lower to Kick Off Wednesday
Wheat is showing some weakness as the market trades through Wednesday morning. They found some strength to pull out a Turnaround Tuesday bounce at the close. Chicago SRW futures were up fractionally to 3 ¾ cents in most contracts with a few deferreds down ½ cent. KC HRW contracts were...
From
Austin Schroeder
via
Barchart
Soybeans Getting a Pre-Thanksgiving Pop
Soybeans are trading with 5 to 7 cent gains on Wednesday morning. They settled the Tuesday session with nearby contracts down ¼ to 2 ¼ and the rest of the board up 1 to 2 ½ cents. CmdtyView’s national front month Cash Bean price was down 2 1/4 cents at...
From
Austin Schroeder
via
Barchart
Corn Trade Turning Higher ahead of Thanksgiving
The corn market is showing1 to 2 cent higher trade on Wednesday morning. Corn futures were down 1 ¼ to 5 cents across the board on Tuesday, as trade tensions played a larger role on the day. The national average Cash Corn price from cmdtyView was down 5 1/2 cents...
From
Darin Newsom
via
Barchart
Who's Buying US Soybeans? (2024 Edition)
In what has become an annual event, I take a look at the US soybean market supply and demand situation.
From
Mike Schuler
via
gCaptain
Trump Nominates Wall Street Veteran John Phelan as Navy Secretary
President-elect Donald Trump has nominated John Phelan, a prominent figure in private investment and art who has no prior military experience, as the next Secretary of the Navy. In his...
From
Austin Schroeder
via
Barchart
Wheat Closes with Mostly Higher Trade
Wheat found some strength to pull out a Turnaround Tuesday bounce at the close. Chicago SRW futures were up fractionally to 3 ¾ cents in most contracts with a few deferreds down ½ cent. KC HRW contracts were 1 ¾ t 4 cents lower on the session. MPLS spring wheat...