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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
Wheat Gives into Week-End Pressure
Wheat is trading with weakness out of the gates on Monday, as contracts are down across the three markets. The wheat complex closed with losses across the board on Friday. Chicago SRW futures were down 3 1/4 to 4 3/4 cents across the board on the day, with December still...
From
Austin Schroeder
via
Barchart
Corn Feeling Wheat Pressure to Start Short Week
Spillover pressure from losses in the wheat market are pressing on corn this morning, as contracts are down 2 to 3 cents. The corn market posted fractional to 1 ¼ cent losses on Friday, a few deferreds up ¼ cent. December still managed to pull out a 1 ½ cent...
From
Bloomberg
via
gCaptain
Secret Russian Oil Switching Gets New Greek Hotspot After Drills
The secret switching of Russian fuel cargoes between tankers at sea has migrated to new hotspots off the coast of Greece after the European country used naval drills to try and block the activity in one location.
From
Austin Schroeder
via
Barchart
Soybeans Extending Friday’s Pop to Minday 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....
From
Reuters
via
gCaptain
UK Imposes Biggest Sanctions Package on Russian ‘Shadow Fleet’
Britain is imposing the biggest sanctions package against Russia's shadow fleet, targeting 30 vessels, foreign minister David Lammy said on Monday, urging G7 allies to stand with, and equip Ukraine for as long as it needs
From
Darin Newsom
via
Barchart
Monday Morning Markets: Did the World End this Past Weekend?
There were indications, other than the lack of nuclear mushrooms, that the Blue Marble we call earth was still turning Monday morning. Most notably gold and the wheat markets.
From
Bloomberg
via
gCaptain
US Agency Conducting Due Diligence On Adani’s Sri Lanka Project
By Dan Strumpf Nov 24, 2024 (Bloomberg) –A US agency that agreed to lend more than $500 million to an Adani Group-backed port development in Sri Lanka said it’s still conducting...
From
Nick Ehrenberg
via
Barchart
Live Cattle, Lean Hogs Analysis & Targets
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
From
Reuters
via
gCaptain
Russian Strikes Have Damaged 321 Ukrainian port Infrastructure Facilities, Zelenskiy Says
KYIV, Nov 23 (Reuters) – Russian drone and missile attacks have damaged 321 Ukrainian port infrastructure facilities since July last year, President Volodymyr Zelenskiy said on Saturday. Twenty merchant ships belonging to other countries were also damaged by Russian strikes, he...
From
Reuters
via
gCaptain
Australia Protest Forces Ship To Abort Arrival At Coal Port, 170 Arrested
SYDNEY, Nov 24 (Reuters) – A climate change protest off the coast of Australia’s New South Wales State forced an inbound ship to turn back from the country’s largest terminal for coal...
From
Malte Humpert
via
gCaptain
German and Swedish Coast Guards Arrive Near ‘Yi Peng 3’ In Escalating Cable Damage Incident
The investigation surrounding Chinese bulker carrier Yi Peng 3 suspected of damaging two submarine cables in the Baltic Sea continues to expand.
From
Bloomberg
via
gCaptain
Mexico Looks Past Trump Threats With $2.7 Billion Port Expansion
By Alex Vasquez Nov 23, 2024 (Bloomberg) –Mexico is looking beyond the incoming Trump administration’s threats of tariffs, betting on a bright future for global merchandise trade no matter what actions...