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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
Mike Schuler
via
gCaptain
London Gateway Tapped as Gemini Cooperation’s UK Hub as Felixstowe Misses Out
Maersk and Hapag-Lloyd have selected London Gateway as their primary UK hub for the upcoming Gemini Cooperation, set to launch on February 1, 2025. As part of a broader network...
From
Austin Schroeder
via
Barchart
Wheat Facing Sell Pressure on Friday
The wheat complex is heading back lower on Friday. Chicago SRW futures are down 4 to 5 cents across the nearbys. KC HRW contracts are showing fractional to 3 cent losses. MPLS spring wheat is down fractionally to 2 cents on the Friday session. December wheat options expire today, with...
From
Austin Schroeder
via
Barchart
Corn Sticking Near Unchanged at Midday
The corn market showing fractionally mixed trade so far on Friday. December options expire today. The national average Cash Corn price from cmdtyView is down 1/2 cent at $4.03 1/4 per bu. Spillover pressure from midday losses in wheat and the US dollar index hitting the highest prices since November...
From
Austin Schroeder
via
Barchart
Soybeans Getting Week-End Pop
Soybeans are trading with contracts up 3 to 5 cents at Friday’s midday. CmdtyView’s national front month Cash Bean price is up 3 3/4 cents at $9.31. Soymeal futures are up 50 cents/ton, with Soy Oil futures down another 32 points. USDA reported a private export sale of 198,000 MT...
From
Mike Schuler
via
gCaptain
China-Mexico Trade Hits Record Volumes, But Volatility Looms in 2025
The China-Mexico trade route has experienced unprecedented growth in 2024, with shipping volumes surging 18.9% in the first nine months compared to 2023, according to Oslo-based freight benchmarking and market...
From
Bloomberg
via
gCaptain
Lights Dim at Giant Russian LNG Construction Facility as Energy Sanctions Bite
Activity appears to have slumped at Russia’s only construction yard for liquefied natural gas modules, another sign of how Western sanctions are thwarting the country’s ambition to become a top player in this key energy market.
From
Bloomberg
via
gCaptain
Sabotage Suspicions: Sweden’s Navy Investigates Baltic Sea Cable Damage
Sweden’s Navy completed a survey of the seabed near one of the damaged data cables in the Baltic Sea as the Nordic country investigates potential sabotage against the underwater infrastructure.
From
Mike Schuler
via
gCaptain
U.S. Coast Guard Sounds Alarm on Cyber Threats from Chinese Port Cranes
The U.S. Coast Guard has issued a new cybersecurity directive targeting Chinese-manufactured ship-to-shore cranes, addressing mounting concerns over national security vulnerabilities in America’s maritime infrastructure. MARSEC Directive 105-5 establishes additional...
From
Reuters
via
gCaptain
Nut Allergy? Singapore and Rotterdam Ships Hit by Cashew-Related Failures
Several ships in Singapore and Rotterdam reported operational problems in recent months after using marine fuel blended with cashew nutshell liquid biofuel, fuel testing agency CTI-Maritec said in an advisory on Thursday.
From
The Loadstar
via
gCaptain
FAK Fantasy: Carriers Struggle to Keep Rates Afloat
Container spot rates were largely unchanged for a third consecutive week, as it became evident that a 15 November rate hike on Asia-Europe trades had failed to have anything more than a marginal impact on pricing.
From
Austin Schroeder
via
Barchart
Wheat Back to Slightly Higher Friday Morning Trade
Wheat futures are showing gains on Friday morning. The wheat complex was pressured lower on Thursday, with the US dollar index hitting a 1 year high, up 414 points. Chicago SRW futures were down 1 ½ to 3 3/4 cents across the board at the close. KC HRW contracts closed...