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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 basis making opportunities
Futures traders are on the cusp of taking basis back to negative. Backgrounders are urged to use this sharp, $10.00 narrowing of the basis in just 7 trading days.
From
Andrew Hecht
via
Barchart
Do We Have to Wait Until Next Year for a Recovery in Wheat?
After reaching a record high in 2022, nearby CBOT wheat futures prices plunged and remain well below $6 per bushel in November 2024. The bearish price action during the 2024 crop year means we may have to wait until 2025 for any price recovery.
From
Mike Schuler
via
gCaptain
MV Glen Sannox: A Long-Awaited Ferry Finally Approved for Passenger Service
The long-awaited MV Glen Sannox, under construction at Scotland’s Ferguson Marine shipyard, has officially received regulatory approval to carry passengers. The Maritime and Coastguard Agency (MCA) and Lloyd’s Register have issued...
From
Mike Schuler
via
gCaptain
Too Fast, Too Fatal: Excessive Speed and Communication Lapses Doomed Tug ‘Biter’
The UK Marine Accident Investigation Branch (MAIB) has released its report into last year’s tragic capsizing of the twin-screw conventional tug Biter off Greenock, Scotland, resulting in the loss of two crew...
From
Malte Humpert
via
gCaptain
Details of Baltic Sea Cable Incident Remain Murky as Danish Coast Guard Shadows Chinese Vessel
A day after the C-Lion1 and BCS subsea data cables in the Baltic Sea, connecting Finland and Germany as well as Sweden and Lithuania, were damaged, specifics of the incident remain unconfirmed.
From
Austin Schroeder
via
Barchart
Wheat Still Pushing Higher on Tuesday
The wheat complex is extending the recent strength and holding midday Tuesday gains, as escalating tensions in the Black Sea is giving some short covering opportunity. Chicago SRW futures are up 5 to 6 cents on the day. KC HRW contracts are posting gains of 5 to 7 cents on...
From
Austin Schroeder
via
Barchart
Soybeans Reverting Lower on Turnaround Tuesday
The soybean market is feeling some midday pressure on Tuesday, with contacts down 6 to 9 cents. CmdtyView’s national front month Cash Bean price is down 8 3/4 cents at $9.49 3/4. The products are back to lower midday trade, with Soymeal futures down $1.50/ton and Soy Oil futures back...
From
Austin Schroeder
via
Barchart
Corn Slipping Back on Tuesday’s Midday
Corn futures are facing some pressure on Tuesday as the market trades through midday. Contracts are trading with fractional losses so far on the day. The national average Cash Corn price from cmdtyView is down 1/2 cent at $4.05 per bu. Ukraine’s ag ministry expects the 2025 corn acreage to...
From
Mike Schuler
via
gCaptain
Keppel to Take Full Control of Legacy Rigs Amid Offshore Market Rebound
Singapore-based rig builder Keppel Ltd. is set to secure complete control over 13 legacy rigs currently held by Rigco Holding Pte. Ltd. (Asset Co), part of a strategic move reflecting...
From
Reuters
via
gCaptain
Iran Rejects European and British Sanctions on Its Shipping Lines as ‘Unjustified’
New EU and British sanctions are based on false claims of missile transfers to Russia and are "unjustified," Iran Foreign Ministry spokesperson Esmaeil Baghaei said on Tuesday.
From
Mike Schuler
via
gCaptain
Green Shipping Corridors Face ‘Feasibility Wall’
The maritime industry’s ambitious push towards zero-emission shipping through green corridors is gaining momentum but faces critical challenges, according to the latest “Annual Progress Report on Green Shipping Corridors 2024”...
From
Oliver Sloup
via
Barchart
Grain Markets Firmed in Monday’s Trade. Can the Momentum Continue?
Grain markets had a strong end to last week’s trade which may have spilled over into positive momentum to start the week. Will the rally be able to continue through today’s trade?