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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
Reuters
via
gCaptain
US Aims to Ban Chinese Technology in Undersea Telecommunications Cables
The Federal Communications Commission said on Wednesday it plans to adopt rules to bar companies from connecting undersea submarine communication cables to the United States that include Chinese technology or equipment.
From
Bloomberg
via
gCaptain
Canada to Curb Steel Imports to Soften Blow From US Tariffs
Canada will reduce the amount of foreign steel importers can bring into the country tariff-free, a move to help domestic producers suffering from US President Donald Trump’s levies on the sector.
From
Mike Schuler
via
gCaptain
Yemeni Forces Seize Record Iranian Arms Shipment Bound for Houthis
The Yemeni National Resistance Forces (NRF), led by General Tareq Saleh, have conducted what U.S. Central Command describes as “the largest seizure of Iranian advanced conventional weapons in their history.”...
From
Reuters
via
gCaptain
Japan’s Kawasaki Kisen Prepared to Reroute More Ships Away From US Over Tariffs, CEO Says
Japanese shipper Kawasaki Kisen (K-Line) 9107.T is adjusting its U.S. services and is prepared to reroute more ships away to other regions as it braces for potentially higher U.S. tariffs, CEO Takenori Igarashi said on Wednesday.
From
Mike Schuler
via
gCaptain
Tariff Pause Fails to Lift Long Beach Cargo Volumes as Los Angeles Surges to Record June
Cargo volume at the Port of Long Beach decreased significantly in June, with dockworkers processing 704,403 twenty-foot equivalent units (TEUs), representing a 16.4% drop compared to the same month last...
From
Mike Schuler
via
gCaptain
DOT Announces $64.6 Million for Maritime Infrastructure Through BUILD Program
U.S. Transportation Secretary Sean P. Duffy has announced $488 million in awards from the Better Utilizing Investments to Leverage Development (BUILD) grant program, with approximately $64.6 million dedicated to maritime...
From
Reuters
via
gCaptain
Trump’s Shipbuilding Push Falters as NSC Maritime Office Gutted
Two senior officials at the White House National Security Council have left their roles in recent days, according to two sources familiar with the moves, the latest departures for a body that has been cut sharply in recent months.
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From
Mike Schuler
via
gCaptain
Coast Guard Eases Reflag Rules to Bolster U.S. Flag Fleet
The U.S. Coast Guard has announced significant changes to streamline the certification process for foreign vessels seeking to join the American Registry. The updated Navigation and Vessel Inspection Circular (NVIC)...
From
Mike Schuler
via
gCaptain
Container Shipping: Tariff Truce Sets the Stage for Early Peak Season
The traditional peak season for ocean container shipping between China and the United States could arrive earlier than usual this year following a significant reduction in tariffs between the world’s...
From
Austin Schroeder
via
Barchart
Corn Pulls Back to Close Mixed Despite Bill Friendly USDA Data
Corn futures fell back from the higher post-USDA report trade on Monday, with nearbys slipping 1 to 2 cents. New crop contracts were 3 to 4 cents in the green at the close. The nearby CmdtyView national average Cash Corn price was down 1 1/2 cents at $4.19 1/2. Crop...
From
Austin Schroeder
via
Barchart
Wheat Falls Lower on Monday
Wheat futures fell lower across the three exchanges on Monday, pressured by less than bullish USDA data. Chicago SRW futures were 6 to 7 cents in the red on the Monday session. Kansas City HRW futures were facing pressure with contracts closing with 9 to 10 cent losses. Minneapolis spring...
From
Austin Schroeder
via
Barchart
Soybeans Rally on Tuesday Following Weekend Trade Talks and Friendly USDA Data
Soybeans closed out the Monday session with contracts rallying 20 to 27 cents. The cmdtyView Cash Bean price was up 19 3/4 cents to $10.60. Soymeal futures were up $3.90 to 4.90 so far on the day, with Soy Oil futures rallying 126 to 137 points into the close. USDA...
From
Sean Lusk
via
Barchart
Grain Spreads: USDA Numbers Friendly Soy
Ending Stocks Reduced, Funds Noticed
From
Bloomberg
via
gCaptain
French Shipping Giant Hails US-China Deal After Freight Slumps
Rodolphe Saade, Chief Executive Officer of CMA CGM SA, the world’s third-largest container carrier, hailed a truce in the trade war between Washington and Beijing.
From
Chris Swift
via
Barchart
Shootin' the Bull about profits and losses
Cattle feeders continue to see the best profit margin ever today, while having to replace with higher feeder cattle and input costs that project significant losses in the future, without further stupendous gains in the fat market.
From
Austin Schroeder
via
Barchart
Soybeans Rallying on Easing Trade Tensions and Friendly USDA Data
Soybeans are rallying on Monday’s midday, with gains of 20 to 27 cents. There was just 1 delivery issued against May futures on Friday night. The cmdtyView Cash Bean price is up 50 1/2 cents to $10.21 3/4. Soymeal futures are up $4.20 so far on the day, with Soy...
From
Austin Schroeder
via
Barchart
Wheat Extending Weakness Following Larger USDA Numbers
Wheat futures are extending the weakness into the new week, with contracts down across the three exchanges. Chicago SRW futures are posting Monday losses of 2 to 3 cents so far on the day. There were 5 deliveries against May CBT wheat on Friday evening. Kansas City HRW futures are...
From
Austin Schroeder
via
Barchart
Corn Higher Following USDA Release
Corn futures are holding onto midday gains so far on Monday, with a friendlier than expected USDA report. Contracts are 2 to 5 cents higher. There were 12 deliveries issued against May on Friday night. They expire on Wednesday. The nearby CmdtyView national average Cash Corn price is us 2...