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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
Soybeans Come Back to Close Mixed
Soybeans 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 $9.33. Soymeal futures were down $1.60 to $5.60/ton on the day. Soy...
From
Austin Schroeder
via
Barchart
Corn Breaks Lower on Tuesday
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 at $3.96 1/4 per bu. EIA data will be released on Wednesday morning,...
From
Oliver Sloup
via
Barchart
Markets Digest Tariff Talk, Finishing the Day Mixed
Grain markets were lower in the overnight trade after President Elect Donald Trump brought up potential tariffs on Mexico and Canada. The markets digested that news and finished the day mixed.
From
Mike Schuler
via
gCaptain
Tankers, Chinese Firms in the Crosshairs as EU Shores Up Sanctions on Russian Oil Revenues
European Union envoys will discuss a 15th package of sanctions on Wednesday in response to Russia's 2022 invasion of Ukraine, including on tankers carrying Russian oil and Chinese firms involved in making drones for Moscow, EU diplomats said.
From
Mike Schuler
via
gCaptain
Eni and MSC Forge Landmark Partnership to Accelerate Sustainable Fuels
Energy giant Eni and global shipping leader MSC Group have signed a groundbreaking memorandum of understanding to advance their joint pursuit of sustainable shipping and energy transition initiatives. The collaboration...
From
Mike Schuler
via
gCaptain
Austal Tapped to Build Australia’s New Heavy Landing Craft
Austal Limited (ASX: ASB) has been selected to construct eight Landing Craft Heavy vessels based on Damen’s Landing Ship Transport 100 (LST100) design. The vessels will be built at the...
From
Austin Schroeder
via
Barchart
Wheat Back Near Unchanged at Midday
Wheat is fading off the early Turnaround Tuesday bounce, with the three exchanges back near unch at midday. Chicago SRW futures are down 1 to 2 cents in the nearbys. KC HRW contracts are steady to 3 cents lower on the session. MPLS spring wheat is down 4 to fractionally...
From
Austin Schroeder
via
Barchart
Soybeans Bulls Failing to Hold on Tuesday
Soybeans are showing losses of 3 to 6 cents so far on Tuesday’s midday, with contracts facing some trade pressure. CmdtyView’s national front month Cash Bean price is down 6 cents at $9.29 1/4. Soymeal futures are down $5.90/ton so far on the day. Soy Oil futures are back up...
From
Austin Schroeder
via
Barchart
Corn in Collapse Mode on Tuesday
Corn futures are falling at midday so far, with contracts down 6 to 7 cents at midday. The national average Cash Corn price from cmdtyView is down 6 cents at $3.96 1/2 per bu. In a Truth Social post from Monday evening, President-elect Trump stated he would be signing an...
From
Reuters
via
gCaptain
U.S. Trade Partners Warn Trump Tariffs Would Harm All Involved
Officials from Mexico, Canada and China warned U.S. President-elect Donald Trump's threat of imposing hefty tariffs on goods from the three largest U.S. trading partners would harm the economies of all involved and would risk aggravating inflation and damaging job markets.
From
Bloomberg
via
gCaptain
Trump’s ‘Drill, Baby, Drill’ Pledge Unlikely to Boost Production, Exxon Exec Says
By Mitchell Ferman (Bloomberg) — Oil and gas producers in the US will not raise output significantly in the coming years despite calls from President-Elect Donald Trump to “drill, baby, drill,”...