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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
Chris Swift
via
Barchart
Shootin' the Bull about the next shoe to drop
Well, it appears at the close today that both longs and shorts, and those wanting to be long or short, of those not wanting to be long or short, were collectively holding their breath for the next shoe to drop.
From
Mike Schuler
via
gCaptain
Cargo Surge Continues at Port of Los Angeles
The Port of Los Angeles handled an unprecedented 905,026 Twenty-Foot Equivalent Units (TEUs) in October—marking a significant 25% increase from the previous year and the first time the port has...
From
Mike Schuler
via
gCaptain
Seaspan Energy Secures First LNG Bunkering Accreditation at Port of Vancouver
Seaspan Energy has received the first-ever liquefied natural gas (LNG) bunkering accreditation from the Vancouver Fraser Port Authority (VFPA). This landmark authorization enables Seaspan to conduct ship-to-ship LNG bunkering for...
From
Austin Schroeder
via
Barchart
Soybeans Off the Lows, Still Showing Midday Weakness
Soybeans are facing continued weakness, with pressure coming from oil this time, as contracts are down 4 to 5 cents at midday. CmdtyView’s national front month Cash Bean price is down 3 3/4 cents at $9.43 3/4. The products were back to lower trade on the day to add pressure....
From
Austin Schroeder
via
Barchart
Corn Turning Higher at Midday
The corn market is rallying off early session lows on Wednesday, with contracts up 2 to 4 cents so far at midday. The national average Cash Corn price from cmdtyView is up 4 1/4 cents at $4.09 per bu. EIA data from this morning showed ethanol production backing off modestly...
From
Austin Schroeder
via
Barchart
Wheat Showing Midday Strength
The wheat complex continues to extend higher as the Black Sea tensions remain high, as all three markets are higher. Chicago SRW futures are up 4 to 6 cents across the nearbys, KC HRW contracts are posting gains of 6 to 7 cents on the session. MPLS spring wheat is...
From
Reuters
via
gCaptain
Danish Navy Staying With Chinese Ship Suspected of Severing Baltic Sea Cables
The Danish military said on Wednesday that it was staying close to a Chinese ship currently sitting idle in Danish waters, days after two fiber-optic data telecommunication cables in the Baltic Sea were severed.
From
Mike Schuler
via
gCaptain
ZIM Rewards Investors with Massive Dividend Payout
Israeli shipping line ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) has reported stellar third-quarter results for 2024 amid record volumes and higher container freight rates. The company’s performance not only...
From
Mike Schuler
via
gCaptain
UK Defence Secretary Announces Major Naval Decommissions in Sweeping Defence Overhaul
UK Defence Secretary John Healey has announced the decommissioning of several naval vessels as part of a broader defence reform strategy. The decision, revealed in a statement to the House...
From
Reuters
via
gCaptain
Kremlin Says ‘Absurd’ to Suggest Russia Involved in Baltic Sea Cable Damage
Russia dismissed as "absurd" on Wednesday any suggestion that it had been involved in damage caused at the weekend to two fiber-optic data telecommunication cables in the Baltic Sea.
From
Reuters
via
gCaptain
Netherlands to Hire Private Security Firms for North Sea Infrastructure Amid Russian Threats
AMSTERDAM, Nov 20 (Reuters) – The Netherlands plans to temporarily enlist additional personnel and equipment from private companies to strengthen security in its part of the North Sea, the Defence Ministry said on Wednesday,...
From
Mike Schuler
via
gCaptain
USCG Cutter Munro Seizes $335M Worth of Cocaine in Eastern Pacific
In a significant blow to drug traffickers, the crew of Coast Guard Cutter Munro (WMSL 755) has successfully intercepted and offloaded more than 29,000 pounds of cocaine, valued at an...