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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
Angie Setzer
via
Barchart
Corn Demand in Focus: What The Cash Market May Be Trying To Say
A run down of what is happening in the three sectors of corn demand around the world and why it matters.
From
Austin Schroeder
via
Barchart
Soybeans Holding Midday Gains To Kick Off the Week
The soybean market is trading with midday gains of 1 to 2 cents so far on Monday. CmdtyView’s national front month Cash Bean price was up 1 1/2 cents at $9.34 1/2. Soymeal futures are up $2.80/ton on the day. Soy Oil futures are down 68 points so far on...
From
Austin Schroeder
via
Barchart
Corn Failing to Buy into Export Business
Corn is showing a slightly lower trade to start the short week, with contracts down 1 to 3 cents across most months. The national average Cash Corn price from cmdtyView is down 1 1/2 cents at $4.01 per bu. USDA reported a private export sale of 454,090 MT of corn...
From
Austin Schroeder
via
Barchart
Wheat Giving Back Recent Strength
Wheat is trading with weakness at Monday’s midday, as contracts are down across the three markets. Chicago SRW futures are down 12 to 13 cents across the nearbys on the day. KC HRW contracts are posting 10 to 11 cent losses across most front months. MPLS spring wheat is down...
From
Mike Schuler
via
gCaptain
Nation’s First Electric Hydrofoil Ferry Coming to Lake Tahoe
Lake Tahoe, the pristine alpine lake located in the Sierra Nevada mountain range, is poised to make maritime history with the introduction of the first electric hydrofoil ferry service in...
From
Mike Schuler
via
gCaptain
Record-Breaking 2024 Atlantic Hurricane Season Winds Down After Unprecedented Late-Season Surge
The 2024 Atlantic hurricane season is drawing to a close on November 30, marking a year of extraordinary storm activity that defied typical patterns. With 18 named storms, including 11...
From
Oliver Sloup
via
Barchart
Cattle Futures Rip Higher on Monday’s Open
Cattle futures gap higher in Monday’s trade on the back of concern regarding beef imports from Mexico
From
Bloomberg
via
gCaptain
Iran Braces for Trump Reset With Economy Buckling From Sanctions
When Donald Trump first entered the White House in 2017, Cyrus Razzaghi was running an Iranian business consultancy, advising US, Japanese and European companies about how to grab opportunities in a market emerging from years of economic isolation.
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.
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From
Austin Schroeder
via
Barchart
Soybeans Extending Friday’s Pop to Monday Morning
The soybean market is posting 4 to 5 cent gains so far on Monday morning. Soybeans were pressured for much of the week with weaker product values, but managed to close Friday with gains of 1 ¼ to 7 cents. January was still down 15 cents since last Friday’s close....