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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
Corn Bulls Bouncing to Start Friday
The corn market is kicking off the prelude to the weekend with gains of 2 to 3 cents so far. Corn posted Thursday losses at the close, with contracts down 3 ½ to 4 ½ cents across the board. Pressure mounted as the rest of the grains were lower and...
From
Austin Schroeder
via
Barchart
Soybeans Finding Some Gains to Begin Friday Trade
Soybeans are trading with a slight bounce back attitude to kick off Friday, as contracts are up 3 to 4 cents in the nearbys. They failed to get much upside reaction to either the export business or better than expected Export Sales report from early on Thursday. Futures closed with...
From
Darin Newsom
via
Barchart
Did More Missiles Move Morning Markets?
Overnight through early Friday morning saw headlines of Russia firing missiles back at Ukraine. Naturally, some of the Missile Markets responded.
From
Malte Humpert
via
gCaptain
Russia Resumes Ship-to-Ship LNG Transfers Ahead of EU Transshipment Ban
Transshipments of liquefied natural gas have resumed in Russia’s Arctic off Kildin Island near Murmansk. The restart comes around a month earlier than during previous years. The Kildin anchorage is located off the coast of the Kola Peninsula in the eastern Barents Sea.
From
Darren Carlat
via
Barchart
Corn and Coffee continue to have their highest carry yield for the past 52 weeks. Soybean Meal is now at its lowest level
Despite the high carry yield, front month Corn has yet to break through the declining trendline. Coffee, on the other hand, has broken through the upper channel and is aggressively breaking out.
From
Nick Ehrenberg
via
Barchart
Corn Analysis, 471.00 Target.
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
From
Mike Schuler
via
gCaptain
A Sea Change: Navy Unveils Plan to Rescue Military Sealift Command Amid Mariner Shortage
Secretary of the Navy Carlos Del Toro has approved a comprehensive plan to revitalize the Military Sealift Command (MSC) and strengthen fleet logistics support capabilities to address mounting workforce challenges....
From
Austin Schroeder
via
Barchart
Wheat Bulls Slip Up Amid Dollar Strength
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 with losses of 5 to 6 1/4 cents....
From
Austin Schroeder
via
Barchart
Corn Closes with Weakness on Thursday
Corn posted Thursday losses at the close, with contracts down 3 ½ to 4 ½ cents across the board. Pressure mounted as the rest of the grains were lower and the US dollar index posted fresh 1 year highs. The national average Cash Corn price from cmdtyView was down 3...
From
Austin Schroeder
via
Barchart
Soybeans Post Double Digit Losses on Thursday Facing Product Pressure
Soybeans failed to get much upside reaction to either the export business or better than expected Export Sales report from early on Thursday. Futures closed with losses of 7 ½ to 14 cents on the day. CmdtyView’s national front month Cash Bean price was down 12 1/4 cents at $9.27....
From
Mike Schuler
via
gCaptain
Wind Propulsion Technology Gains Momentum in Maritime Industry as Two Major Projects Advance
Wind-assisted propulsion is making substantial inroads into the gas-carrier segment with two groundbreaking projects. Norsepower and IINO LINES have successfully installed two Rotor Sails™? on the Very Large Gas Carrier...
From
Don Dawson
via
Barchart
Recent Corn Rally Artificially Propped Up – What’s Next?
Corn prices appeared to have finally found a bottom from the summer sell-off. Speculators were short the market in record numbers until late August, when they began buying back contracts, convincing some that the harvest seasonal low may be in. Then, exports increased in the last few weeks, and prices rallied more. While the bearish fundamentals of 1.9 billion carry-out and the massive amount of unpriced corn still linger, there isn’t much hope for a significant price rally yet.