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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
Bloomberg
via
gCaptain
Iraq Set for Key Oil Cargo Surge in Sign of Increased Output
Iraq will raise shipments of a key crude grade next month, part of an enlarged export program indicating that the OPEC+ nation is boosting its oil production.
From
Reuters
via
gCaptain
Greek Owner of Cocaine-Loaded Vessel Seized in 2023 Denies Charges
ATHENS, July 18 (Reuters) – The Greek former owner of a cargo ship, seized by Spain in 2023 for carrying more than four tons of cocaine along with coffee beans from Latin America to...
From
Mike Schuler
via
gCaptain
Cadeler Bags Long-Term Contract With Vestas as New Jack-Up Vessel Arrives Early
Offshore wind installation specialist Cadeler has taken delivery of its newest jack-up vessel, Wind Keeper, ahead of schedule and simultaneously secured a substantial long-term contract with wind turbine manufacturer Vestas....
From
Reuters
via
gCaptain
EU’s New Russia Sanctions Aim for More Effective Oil Price Cap
The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry.
From
The Loadstar
via
gCaptain
GRIs Fizzle as Transpacific Spot Rates Extend Losing Streak
It was a relatively flat week for pricing on the major deepsea box shipping trades, with a scheduled mid-week general rate increase (GRI) failing to lift container spot rates on the headhaul eastbound transpacific route.
From
Mike Schuler
via
gCaptain
EU Targets Russia’s Shadow Fleet with Sweeping Sanctions in 18th Package
The European Union has adopted its 18th package of sanctions against Russia, with significant measures targeting the maritime sector and Russia’s shadow fleet operations that have been circumventing previous restrictions....
From
Reuters
via
gCaptain
New York Halts Offshore Wind Transmission Planning Amid Federal Permit Freeze
The New York State Public Service Commission has terminated its offshore wind transmission planning process due to stalled federal permitting, to protect state ratepayers from premature infrastructure costs, it said on Thursday.
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From
Austin Schroeder
via
Barchart
Wheat Losses Extend to New Lows
The wheat market is looking at new lows on Tuesday morning, with losses across the board. Wheat futures fell lower across the three exchanges on Monday, pressured by less than bullish USDA data. Chicago SRW futures were 6 to 7 cents in the red on the Monday session. Tuesday’s preliminary...
From
Austin Schroeder
via
Barchart
Soybeans Pulling Back on Tuesday Morning
The bean market is showing weaker trade early on Tuesday, down 4 to 6 cents. Soybeans closed out the Monday session with contracts rallying 20 to 27 cents. Preliminary open interest showed net new buying, up 16,325 contracts. The cmdtyView Cash Bean price was up 19 3/4 cents to $10.60....
From
Austin Schroeder
via
Barchart
Corn Pressure Continues as Planting Pace Continues
The corn market is trading with contracts down 2 to 4 cents across the front months. Futures fell back from the higher post-USDA report trade on Monday, with nearbys slipping 1 to 2 cents. New crop contracts were 3 to 4 cents in the green at the close. Preliminary open...
From
Bloomberg
via
gCaptain
China-US Truce Prompts Price Jump in Pacific Shipping Frenzy
A China-US deal to slash trade tariffs is set to push freight rates higher, as companies rush to use a 90-day grace period to ferry goods across the Pacific Ocean.
From
Ben DiCostanzo
via
Barchart
Cattle Markets Make New All-Time Highs, Hogs Higher
Positive Trade talks with China, Screwworm drive prices higher
From
Mike Schuler
via
gCaptain
Coast Guard Eases Reflag Rules to Bolster U.S. Flag Fleet
The U.S. Coast Guard has announced significant changes to streamline the certification process for foreign vessels seeking to join the American Registry. The updated Navigation and Vessel Inspection Circular (NVIC)...
From
Mike Schuler
via
gCaptain
Container Shipping: Tariff Truce Sets the Stage for Early Peak Season
The traditional peak season for ocean container shipping between China and the United States could arrive earlier than usual this year following a significant reduction in tariffs between the world’s...
From
Austin Schroeder
via
Barchart
Corn Pulls Back to Close Mixed Despite Bill Friendly USDA Data
Corn futures fell back from the higher post-USDA report trade on Monday, with nearbys slipping 1 to 2 cents. New crop contracts were 3 to 4 cents in the green at the close. The nearby CmdtyView national average Cash Corn price was down 1 1/2 cents at $4.19 1/2. Crop...
From
Austin Schroeder
via
Barchart
Wheat Falls Lower on Monday
Wheat futures fell lower across the three exchanges on Monday, pressured by less than bullish USDA data. Chicago SRW futures were 6 to 7 cents in the red on the Monday session. Kansas City HRW futures were facing pressure with contracts closing with 9 to 10 cent losses. Minneapolis spring...
From
Austin Schroeder
via
Barchart
Soybeans Rally on Tuesday Following Weekend Trade Talks and Friendly USDA Data
Soybeans closed out the Monday session with contracts rallying 20 to 27 cents. The cmdtyView Cash Bean price was up 19 3/4 cents to $10.60. Soymeal futures were up $3.90 to 4.90 so far on the day, with Soy Oil futures rallying 126 to 137 points into the close. USDA...
From
Sean Lusk
via
Barchart
Grain Spreads: USDA Numbers Friendly Soy
Ending Stocks Reduced, Funds Noticed
From
Bloomberg
via
gCaptain
French Shipping Giant Hails US-China Deal After Freight Slumps
Rodolphe Saade, Chief Executive Officer of CMA CGM SA, the world’s third-largest container carrier, hailed a truce in the trade war between Washington and Beijing.