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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
Ben DiCostanzo
via
Barchart
Hogs Weaken, Feeders Surge While Cattle Drifts
Hogs continue lower while Feeders surge higher.
From
Austin Schroeder
via
Barchart
Corn Bouncing on Friday, Despite Sales on Low Side of Estimates
The corn market is getting a pre-weekend bounce on Friday, as contracts are up 4 to 5 cents across the nearbys. The national average Cash Corn price from cmdtyView is up 5 cents at $4.00 ½ per bu. Export Sales data from this morning indicated corn sales totaling 1.315 MMT,...
From
Austin Schroeder
via
Barchart
Corn Bounces on Friday, Specs Shown Adding to Net Long
The corn market was on the receiving end of a pre-weekend bounce on Friday, as contracts closed with 2 ½ to 5 cent gains across the board. December slipped 1.62% since last Friday. The national average Cash Corn price from cmdtyView was up 5 1/2 cents at $4.00 ¾ per...
From
Austin Schroeder
via
Barchart
Soybeans Posts Friday Rebound, Helped by Record Crush Data
Soybean bulls fought back on Friday, as contracts settled the session with gains of 5 to 11 cents across the board. Nearby January was down 3.08% this week. CmdtyView’s national front month Cash Bean price was up 11 cents at $9.46 3/4. The products were playing a supportive role, with...
From
Austin Schroeder
via
Barchart
Wheat Posts Week-End Bounce on Friday
The wheat complex saw a rebound on Friday following a week of losses and holding above the August lows. Chicago SRW futures were up 5 to 8 1/2 cents across the board on the day, as December was down 6.3% this week. KC HRW contracts posted gains of 4 1/2...
From
Chris Swift
via
Barchart
Shootin' the Bull about converging basis with futures
Farmer feeders may be on the forefront of this with corn having traded lower this week. Whatever it is that sparked the buying, it is being done in the face of a new administration that is hellbent on lowering inflation. So far, under just the aspects of his administration coming to power, the US dollar has soared nearly 7% in as many weeks, with bonds continuing to sell off this week.
From
Mike Schuler
via
gCaptain
UN Report Sounds Alarm on Global Maritime Security Gaps
A groundbreaking new report from the United Nations Institute for Disarmament Research (UNIDIR) is raising the alarm over a fragmented and insufficient approach to global maritime security, calling for urgent...
From
Austin Schroeder
via
Barchart
Wheat Getting a Week-End Bounce
The wheat complex is getting a Friday bounce following a week of losses. Chicago SRW futures are up 9 to 10 cents across the nearbys so far on the day. KC HRW contracts are posting gains of 7 to 9 cents at midday. MPLS spring wheat is up 8 to...
From
Austin Schroeder
via
Barchart
Soybeans Rebounding on Friday, with Record Crush Data
Soybean bulls are fighting back on Friday, as contracts are up 12 to 15 cents across the front months at midday. CmdtyView’s national front month Cash Bean price is up 15 cents at $9.50 ½. The products are playing a supportive role today, with Soymeal futures up $1.80/ton and Soy...
From
Austin Schroeder
via
Barchart
Corn Bouncing on Friday, Despite Sales on Low Side of Estimates
The corn market is getting a pre-weekend bounce on Friday, as contracts are up 4 to 5 cents across the neatbys. The national average Cash Corn price from cmdtyView is up 5 cents at $4.00 ½ per bu. Export Sales data from this morning indicated corn sales totaling 1.315 MMT,...
From
Reuters
via
gCaptain
Western Sanctions Hit Earnings of Russia’s Tanker Giant Sovcomflot
Nov 15 (Reuters) – Russia’s leading tanker group Sovcomflot said on Friday that Western sanctions on Russian oil tankers were limiting its financial performance, as it reported falling revenues and core earnings. The United...