Shipping Industry News

Off the coast of Mississippi, a startup has completed its first floating platform for offshore wind turbines. Aikido Technologies Inc.’s solution would allow companies to deploy traditional turbines further from land, where the wind tends to blow stronger and more consistently, and the company sees the Mississippi deployment as a big step toward commercialization.

The Suez Canal recorded its highest containership traffic for 2024 last week, with 54 vessels traversing the waterway in both directions, according to liner industry analyst Alphaliner. The milestone comes...

Rising water levels have restored transits through the Panama Canal, but the canal authority is also looking into how a land bridge could move even more cargo across the isthmus.

President-elect Donald Trump vowed additional tariffs on Mexico, Canada and China, shaking markets with his first specific threats to the US’s top trading partners since his election win three weeks ago.

Grain markets were lower to start the overnight trade on the back of tariff talk, but have battled back and firmed in the early morning trade.

Wheat is posting a Turnaround Tuesday bounce early in the session, with the three exchanges pushing higher. Futures showed up to this week’s Thanksgiving prelude with weakness across the three markets. Chicago SRW futures were down 7 ½ to 10 ¼ cents across the board. KC HRW contracts were 7...

Corn futures are showing fractional losses on Tuesday morning trade. They posted weakness to close out the Monday session, with contracts down anywhere from ¾ to 3 ¾ cents. Preliminary open interest was down 93,819 contracts in December alone ahead of first notice day, with the rest of the board...

Soybeans are trading with 4 to 5 cent gains across the nearbys to kick of Tuesday trade. The soybean market held the gains to start the week, with contracts up 1 ¾ to 3 ½ cents on Monday. Preliminary open interest showed a rotation of ownership, down just 906 contracts....

Cocoa and coffee keep soaring, while rapeseed tests support after a sharp pullback.

It was an eventful morning, particularly in the cattle complex with a big gap higher, but the market settled down shortly after the open with some contracts closing lower on the day. Grain markets were mostly mixed.

Sweden is asking a Chinese vessel to return to Swedish waters to help facilitate the Nordic country's investigation into recent breaches of undersea fiber-optic cables in the Baltic Sea, Prime Minister Ulf Kristersson said on Tuesday.

Soybean Meal continues to grind down the downward channel with seemingly no end in sight. However, I am opening a long calendar spread this week as % carry yield, CTA momentum, and the relative strength index are at extreme levels in addition to hedge fund positions.