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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
Canada’s Davie Sees US Shipyards as Key to Winning Icebreaker Contract
The owner of Canadian firm Davie Shipbuilding said on Wednesday that the key to winning a contract to build icebreakers for the United States is to develop local shipbuilding capacity there.
From
Mike Schuler
via
gCaptain
Davie Shipyard Begins Construction of Canada’s Flagship Polar Max Icebreaker
Davie shipyard has officially commenced construction on Canada’s flagship Polar Max icebreaker, marking a significant milestone in the country’s Arctic capabilities development. The steel cutting ceremony, held today in Lévis,...
From
Reuters
via
gCaptain
Russia Expects India to Keep Buying Its Oil and Seeks China-India-Russia Talks
Russia expects to continue supplying oil to India despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon take place with India and China.
From
Mike Schuler
via
gCaptain
Hurricane Erin Strengthens Near U.S. East Coast, Poses Significant Maritime Threat
Hurricane Erin has intensified to near-major hurricane strength with maximum sustained winds of 110 mph while moving northward through the western Atlantic, the National Hurricane Center reported Wednesday morning. The...
From
Mike Schuler
via
gCaptain
Fire Breaks Out on USS New Orleans Off Okinawa
A U.S. Navy amphibious transport dock ship, USS New Orleans (LPD-18), suffered a fire off the coast of Okinawa, Japan on Wednesday, prompting a coordinated international response from both U.S....
From
Mike Schuler
via
gCaptain
External Firefighters Join Marie Maersk Crew in Battle Against Container Fire Off West Africa
External firefighter crews have joined the Marie Maersk’s crew in actively combating a fire that broke out aboard the vessel one week ago, according to the latest update released today....
From
Bloomberg
via
gCaptain
India’s Nayara Turns to Dark Fleet and Russian Oil for Survival
One month after being hit by European Union sanctions, India’s Nayara Energy Ltd. is relying on a growing pool of dark-fleet tankers to transport its products, and a narrowing menu of crude imports to keep its operations running.
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From
Reuters
via
gCaptain
Philippines Says China Has no Right to Object or Interfere With Its ‘Lawful’ Activities in the South China Sea
The Philippine foreign ministry said on Thursday that China has no right to object to or interfere with its lawful and routine activities in the South China Sea.
From
Mike Schuler
via
gCaptain
Golden Ocean and CMB.TECH Lock in Merger
Golden Ocean Group Limited (NASDAQ: GOGL) and CMB.TECH NV (NYSE: CMBT) have announced their merger agreement, which will establish one of the world’s largest listed diversified maritime groups. The announcement...
From
Mike Schuler
via
gCaptain
U.S. Maritime Power in Decline: New Report Reveals Critical National Security Risks
A new report released today by the Open Markets Institute paints a dire picture of America’s diminishing maritime capabilities, highlighting unprecedented risks to national security and economic independence. Transportation policy...
From
Mike Schuler
via
gCaptain
Ship Losses Hit Historic Low Amid Rising Risks
The global maritime industry has achieved its lowest-ever total of vessel losses, with only 27 large ships lost worldwide in 2024, marking a 20% decrease from the previous year, according...
From
Mike Schuler
via
gCaptain
West Coast Ports Brace for Cargo Comeback, Sparking Congestion Fears
By Charlotte Goldstone (The Loadstar) – The demand spike on the transpacific has prompted concerns of congestion and cargo bottlenecks at key US ports. Yesterday, The Loadstar reported that many carriers had begun to...
From
Reuters
via
gCaptain
OPEC+ Adopts Plan for 2027 Baselines Ahead of July Output Hike Talks
OPEC+ agreed on Wednesday to establish a mechanism for setting baselines for its 2027 oil production, while OPEC+ sources said that separate talks on Saturday could agree a further accelerated oil output hike for July.
From
Mike Schuler
via
gCaptain
USTRANSCOM Report Reveals Key Challenges in U.S. Strategic Seaport Dredging Operations
A recently declassified U.S. Transportation Command (USTRANSCOM) report has identified significant challenges affecting dredging operations at strategic U.S. seaports, with findings that contradict common assumptions about equipment availability under the...
From
Mike Schuler
via
gCaptain
Watch: Great Lakes Bulk Carrier Has Near Miss with Seawall in St. Clair River
The M/V American Spirit, a self-unloading bulk carrier, narrowly avoided alliding with a seawall in the St. Clair River near Port Huron, Michigan on Tuesday. Footage of the incident, which...
From
Mike Schuler
via
gCaptain
EU Unveils Black Sea Maritime Security Strategy Amid Escalating Threats
The European Union has announced a new strategic initiative for the Black Sea region, with maritime security and connectivity at its forefront. The strategy introduces a dedicated Black Sea Maritime...
From
Bloomberg
via
gCaptain
Australia Looks to Avoid a Panama Repeat in China Port Showdown
Prime Minister Anthony Albanese is confronting a fresh diplomatic dilemma with China: How to fulfill a pledge to regain control of a strategic port without jeopardizing improved relations with his country’s largest trading partner.
From
Reuters
via
gCaptain
China Flexes Military Muscle with East Asian Naval Activity, Sources Say
China has flexed its muscles this month by sending an unusually large number of naval and coast guard vessels through a swathe of East Asian waters, according to security documents and officials, in moves that have unnerved regional capitals.
From
Austin Schroeder
via
Barchart
Corn Getting a Wednesday AM Bounce, as Ratings Start Below Estimates
Corn prices are up 1 to 2 cents across most contracts so far on Wednesday morning. Futures were weighed down by a weaker wheat market, as contracts closed steady in July and 4 to 5 cents lower in the new crop months. Preliminary open interest was down just 828 contracts,...