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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
Oliver Sloup
via
Barchart
Grain Markets Retreat Overnight
Grain markets were mostly lower in Tuesday's trade which has led to additional weakness into the Wednesday morning trade. More weakness to come ahead of Friday's options expiration?
From
Austin Schroeder
via
Barchart
Soybeans Extend Tuesday Weakness into Wednesday AM Trade
Soybeans are down 7 to 9 cents across most front months on Wednesday, with the products pressuring things again overnight. The soybean market gave back most of Monday’s gains on Tuesday, as contracts turned around for losses of 4 ¾ to 11 ¼ cents across the board. Preliminary open interest...
From
Austin Schroeder
via
Barchart
Wheat Pulling Back on Wednesday AM
Wheat is facing some pressure to kick off the midweek session, as all three markets are lower. The wheat complex extended the recent strength into Tuesday’s close, as escalating tensions in the Black Sea have given a short covering opportunity. Chicago SRW futures were up 2 to 3 cents across...
From
Austin Schroeder
via
Barchart
Corn Slipping Lower on Wednesday Morning
The corn market is facing weakness as we trade through Wednesday morning. Corn futures faced some Tuesday turnaround pressure, as contracts closed with 1 ¼ to 2 cent losses across the board. Preliminary interest continues to dip in the December contract, 3down another 27,847 contracts ahead of options expiration on...
From
Malte Humpert
via
gCaptain
Chinese Vessel Suspected in Cable Incident Remains Stopped with Danish Navy Alongside
Chinese bulk carrier Yi Peng 3 remains stopped in the Danish Straits with a Navy patrol ship in close proximity. The vessel is suspected of being involved in the damage...
From
Darin Newsom
via
Barchart
Has the Global Wheat Market Changed?
The spotlight has turned to global wheat markets this week as the situation in the Black Sea region of the world intensifies.
From
Austin Schroeder
via
Barchart
Wheat Gains Hold into Tuesday’s Close
The wheat complex extended the recent strength into Tuesday’s close, as escalating tensions in the Black Sea have given a short covering opportunity. Chicago SRW futures were up 2 to 3 cents across the board, pulling back off the midday highs. KC HRW contracts posted gains of 2 ½ to...
From
Austin Schroeder
via
Barchart
Soybeans Head Back Lower on Turnaround Tuesday
The soybean market gave back most of Monday’s gains on Tuesday, as contracts turned around for losses of 4 ¾ to 11 ¼ cents across the board. CmdtyView’s national front month Cash Bean price was down 11 cents at $9.46 1/4. The products were back to lower trade on the...
From
Austin Schroeder
via
Barchart
Corn Falls Back on Tuesday
Corn futures faced some Tuesday turnaround pressure, as contracts closed with 1 ¼ to 2 cent losses across the board. The national average Cash Corn price from cmdtyView was down 1 3/4 cents at $4.04 3/4 per bu. Ukraine’s ag ministry expects the 2025 corn acreage to be up 500,000...
From
Reuters
via
gCaptain
European Officials Denounce Russian Hybrid Attacks Amid Sabotage Probes
European governments accused Russia on Tuesday of escalating hybrid attacks on Ukraine's Western allies, as Baltic nations investigated whether the cutting of two fiber-optic telecommunication cables in the Baltic Sea was sabotage.
From
Mike Schuler
via
gCaptain
Massive Bomb Cyclone Explodes Off Pacific Northwest: Mariners Face Hurricane-Force Winds and 36-Foot Seas
A rapidly intensifying weather system, known as a “bomb cyclone,” has developed off the U.S. West Coast, creating perilous conditions for mariners and coastal communities in the Pacific Northwest. The...
From
Oliver Sloup
via
Barchart
Grain and Livestock Market Recap
Grain and Livestock Market were mixed in Tuesdays trade, here's how things shook out.