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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
Mike Schuler
via
gCaptain
U.S. Maritime Industry Leader Proposes Innovative Funding Plan for Expanded Domestic Tanker Fleet
In a thought-provoking LinkedIn post, Sam Norton, CEO of Overseas Shipholding Group, has outlined a compelling proposal to bolster the U.S. maritime industry, specifically focusing on expanding the nation’s tanker...
From
Mike Schuler
via
gCaptain
ONE and Seaspan Launch New Technical Ship Management Company, OneSea Solutions
Ocean Network Express (ONE) and Seaspan Corporation (SEASPAN) have announced the establishment of OneSea Solutions (ONESEA), a joint venture set to transform technical ship management and maritime talent development. Headquartered...
From
Mike Schuler
via
gCaptain
BOEM Pushes Forward with California Offshore Wind Development Amid Political Uncertainty
The Bureau of Ocean Energy Management (BOEM) is forging ahead with its offshore wind development plans in California, despite looming political uncertainties surrounding the incoming Trump administration. In a move...
From
Mike Schuler
via
gCaptain
Biden Administration Injects Another $580 Million into U.S. Ports
The U.S. Department of Transportation’s Maritime Administration (MARAD) has unveiled a significant investment of nearly $580 million to bolster port infrastructure across the nation. The funding, part of the Bipartisan...
From
Austin Schroeder
via
Barchart
Soybeans Bouncing on Early Friday Trade
Soybeans are posting 7 to 9 cent gains so far on Friday morning. They failed to react to a USDA export sale this morning, as contracts closed with losses of 13 ¾ to 20 ¼ cents, as November rolled off the board. Preliminary open interest showed net new selling, up...
From
Austin Schroeder
via
Barchart
Wheat Showing Early Friday Bounce
Wheat is trading the slight gains across the board on Friday morning. The wheat complex bears were busy selling back to near the lows from August on Thursday. Chicago SRW futures were down 8 1/4 to 10 3/4 cents across the board on the day. Preliminary open interest was up...
From
Austin Schroeder
via
Barchart
Corn Showing Fractional Rebound to Begin Friday
Corn is showing fractionally higher action so far on Friday morning. Futures were in a risk off approach on Thursday, joining most of the other commodities. Contracts closed with losses of 2 to 7 ½ cents across the board. Preliminary open interest indicated net new selling, up 20,941 contracts, with...
From
Darin Newsom
via
Barchart
Did the Full Moon and "Shooting Star" Influence Markets Overnight?
The US enjoyed the view of a full moon Thursday night through Friday morning, though market attention was focused on the Shooting Star pattern completed by the US dollar index yesterday.
From
Reuters
via
gCaptain
Starting Latin America Trip, Xi Jinping Opens Huge Port in Peru Funded by China
By Eduardo Baptista, Marco Aquino, Lucinda Elliott LIMA, Nov 14 (Reuters) – Chinese President Xi Jinping launched a week-long diplomatic blitz of South America on Thursday by inaugurating a massive...
From
Bloomberg
via
gCaptain
EU Readies More Sanctions on Russia’s Shadow Fleet by Year’s End
By Andrea Palasciano, Jorge Valero and Alberto Nardelli Nov 14, 2024 (Bloomberg) – The European Union is working on a new package of sanctions aimed at targeting the shadow fleet...
From
Aditya Sarawgi
via
Barchart
Is Wall Street Bullish or Bearish on Corteva Stock?
Corteva has underperformed the S&P 500 over the past year, yet analysts remain moderately bullish on the stock’s prospects.
From
Austin Schroeder
via
Barchart
Wheat Closes at 11-week Low
The wheat complex bears were busy selling back to near the lows from August on Thursday. Chicago SRW futures were down 8 1/4 to 10 3/4 cents across the board on the day. KC HRW contracts posted losses of 7 ¾ to 9 ¼ cents at the close. MPLS spring...