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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
UK Hits Eight Russian Ships in New Sanctions Package
The United Kingdom has imposed sanctions on eight ships as part of a broader package targeting Russian energy revenues, maritime logistics and individuals accused of supporting Moscow’s war in Ukraine....
From
Mike Schuler
via
gCaptain
Another Tanker Hit in Strait of Hormuz as Attacks Continue
A tanker has been struck by an unknown projectile while transiting the Strait of Hormuz, the latest in a string of attacks that have emerged over the past several days...
From
gCaptain
via
gCaptain
U.S. Targets Iran’s Rail and Shadow Banking Networks as Maritime Blockade Tightens
The Trump administration expanded its economic campaign against Iran on Thursday, targeting the country’s rail system, major industrial companies and a Russia-linked shadow banking network that U.S. officials say has...
From
Lori Ann LaRocco
via
gCaptain
Resilience Doesn’t Equal Security- Lloyd’s List
Strait of Hormuz transit data for the month of September reveals how the oil and container markets are tactically adjusting to the U.S./Israel war on Iran.
From
The Loadstar
via
gCaptain
Premier Alliance Prepares for Asia-N Europe Services Return to Suez
October will see almost all global ocean carriers make a tentative return to Suez transits on Asia-Europe sailings, after revised pro forma shipping schedules show the Premier Alliance is set to send one of its vessels on the route through the Red Sea and Egyptian waterway.
From
Mike Schuler
via
gCaptain
Nuclear-Powered LNG Carrier Would Cost 2.5 Times More to Build, Study Finds
A nuclear-powered LNG carrier could cost roughly 2.5 times as much to build as a conventional vessel, but lower fuel costs could significantly change the economics over the ship’s operating...
From
Bloomberg
via
gCaptain
Turkey and UN Broker New Talks on Russia-Ukraine Black Sea Truce
(Bloomberg) — Turkey and the United Nations have set up fresh talks in Russia and Ukraine to discuss a Black Sea ceasefire, trying to coalesce scattered efforts to protect grain...
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From
Mike Schuler
via
gCaptain
Trump Declares Iran Ceasefire Over as U.S. Unveils New Sanctions
Treasury targets financier tied to Iran’s leadership and exchange houses after renewed attacks on commercial shipping in the Strait of Hormuz President Donald Trump declared the June ceasefire with Iran...
From
Reuters
via
gCaptain
Countries Must Reject Iran Efforts to Control Hormuz, UN Agency Document Says
Countries should reject efforts by Iran to impose sovereignty over the Strait of Hormuz and Tehran's "unilateral decision" to create a body to control traffic through the waterway, the U.N. shipping agency's governing council agreed on Friday.
From
Mike Schuler
via
gCaptain
Oil Market Recovery Hinges on Hormuz Stability as IEA Warns Renewed Fighting Clouds Outlook
Global oil markets are beginning to recover from months of disruption, but the International Energy Agency says the outlook remains heavily dependent on whether shipping through the Strait of Hormuz...
From
Mike Schuler
via
gCaptain
INTERTANKO: Hormuz Tanker Transits Via Southern Route Fall to Single Digits After Renewed Fighting
Commercial shipping through the Strait of Hormuz has fallen sharply following the latest exchange of attacks between the United States and Iran, according to tanker owners’ association INTERTANKO. In guidance...
From
Mike Schuler
via
gCaptain
First Nation Challenges Vancouver Port Dredging Approval Over Tanker Expansion Concerns
The Tsleil-Waututh Nation has launched a legal challenge seeking to overturn federal approvals for a dredging project in Burrard Inlet that would allow oil tankers calling at the Trans Mountain...
From
The Loadstar
via
gCaptain
Container Spot Rates Edge Higher as Peak Season Faces Mid-July Test
Container freight spot rates on the transpacific and Asia-Europe trades showed moderate gains this week, in the absence of carrier-led price hikes, while demand remained firm.
From
Mike Schuler
via
gCaptain
American Mariners Protest Chinese Tanker as Jones Act Waiver Faces Growing Scrutiny
American merchant mariners staged a protest Thursday outside Marathon Petroleum’s refinery in Garyville, Louisiana, as a Chinese-flagged tanker prepared to make another domestic voyage under the Trump administration’s emergency Jones...
From
Paul Morgan
via
gCaptain
Singapore and Indonesia Sign Carbon Credits MOU, But the Real Work Is Still Ahead
Singapore and Indonesia used last week’s Leaders’ Retreat in Jakarta to put their names to a Memorandum of Understanding on carbon credits collaboration, a step that has been widely, and...
From
Malte Humpert
via
gCaptain
South Korea Dispatches Icebreaker ‘Araon’ to Assess Arctic Shipping Potential
South Korea’s Korea Polar Research Institute (KOPRI) has dispatched its research icebreaker Araon on the country’s 17th Arctic expedition, with this year’s mission placing renewed emphasis on gathering scientific data that could support the future development of Arctic shipping routes as Seoul steps up preparations to capitalize on emerging northern sea lanes.
From
Bloomberg
via
gCaptain
UAE’s Oil Output Surged to Record High in June, IEA Says
The United Arab Emirates boosted crude oil production to an all-time high last month, the most compelling evidence yet of how Abu Dhabi responded more boldly than any of its Persian Gulf neighbors to disruption caused by the Iran war.
From
Reuters
via
gCaptain
More LNG, Japan-Linked Vessels Transit Hormuz Despite Renewed Mideast Tensions
More liquefied natural gas tankers have resumed transiting the Strait of Hormuz in recent days, ship-tracking data showed, and 22 Japan-linked vessels have left the Gulf since Tuesday, Tokyo said, despite renewed fighting in the Middle East.
From
Bloomberg
via
gCaptain
Hormuz War-Risk Cover Climbs as Shipowners Pull Back
London marine insurers have been seeing fewer inquiries for journeys to transit the Strait of Hormuz and some said the cost of cover had risen, in a sign of growing caution from shipowners as the US and Iran exchange attacks.