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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 Hold Gains on Monday with Meal Pop
The soybean market held the gains to start the week, with contracts up 1 ¾ to 3 ½ cents on Monday. CmdtyView’s national front month Cash Bean price was up 2 cents at $9.35. Soymeal futures were up $2.50 to $4.50/ton on the day. Soy Oil futures were down 40...
From
Austin Schroeder
via
Barchart
Wheat Fades Lower to Kick Off Thanksgiving Week, as Conditions Improve
Wheat 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 ¾ to 10 ¾ cents lower on the session. MPLS spring wheat was down 5 to 5...
From
Austin Schroeder
via
Barchart
Corn Slips Lower on Monday
Corn posted weakness to close out the Monday session, with contracts down anywhere from ¾ to 3 ¾ cents. The national average Cash Corn price from cmdtyView was down 1 cent at $4.02 3/4 per bu. USDA reported a private export sale of 454,090 MT of corn to Mexico this...
From
Mike Schuler
via
gCaptain
Canadian Freighter ‘Tim S. Dool’ Hard Aground in St. Lawrence River
A Canadian-flagged bulk carrier, the Tim S. Dool, is currently hard aground on the U.S. side of the St. Lawrence River, prompting a complex salvage operation. The grounding occurred Saturday...
From
Ben DiCostanzo
via
Barchart
Cattle Markets Collapse after a Sparkling Start to the Week
Cattle markets fail to hold opening surge
From
Oliver Sloup
via
Barchart
Corn and Wheat Retreat While Soybeans Attempt to Find Their Footing
It’s a bit of a mixed bag in the early morning trade with corn and wheat lower and beans hanging on to small gains. Here’s what’s on tap for today’s trade.
Watch us on RFD-TV, today at 9:45am CT!
From
Mike Schuler
via
gCaptain
UK Cracks Down on Russia’s Shadow Fleet with Largest Sanctions Package to Date
The UK has sanctioned 30 vessels from Russia’s so-called “shadow fleet” representing a decisive move to curtail Russia’s ability to fund its war in Ukraine. These ships, responsible for transporting...
From
Reuters
via
gCaptain
Sixteen Missing After Tourist Boat Sinks off Egypt’s Red Sea Coast
Sixteen people including 12 foreign nationals are missing after a tourist boat sank off Egypt's Red Sea coast, the local government said on Monday.
From
Oliver Sloup
via
Barchart
Grain and Livestock Markets Finish the Day Mixed
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.
From
Bloomberg
via
gCaptain
Orsted Said to Start Selling Stake in Huge UK Wind Farm
Orsted A/S has launched the sale of a stake in one of the world’s biggest wind farms planned off the UK coast, according to people familiar with the matter.
From
Mike Schuler
via
gCaptain
Red Sea Crisis: A Timeline of Maritime Chaos Over the Past Year
The past year has witnessed an unprecedented escalation of maritime violence in the Red Sea and surrounding waterways, with the Iranian-backed Houthi insurgents at the center of a mounting crisis....