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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
Malacca Strait States Will Keep Waters ‘Free, Open and Safe’
Indonesia, Malaysia and Singapore — countries that share the primary stewardship of the Strait of Malacca — said on Tuesday they were committed to keeping the narrow corridor and the waters around it “free, open and safe for international shipping.”
From
Reuters
via
gCaptain
Commodity Vessel Transits Through Strait of Hormuz Hit Three-Month Low, Data Shows
Just two tankers transited the key energy chokepoint of the Strait of Hormuz on Monday, for the lowest daily tally of commodity vessels since early May, with both entering the Gulf, shipping data showed.
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.
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Reuters
via
gCaptain
Germany Rejects Arrival of Russian LNG Shipment at Brunsbuttel Terminal
LONDON/BERLIN Nov 14 (Reuters) – Germany has refused to allow a Russian liquefied natural gas shipment at the Brunsbuttel terminal in northern Germany in line with Berlin’s policy not to import LNG from Russia, industry...
From
Mike Schuler
via
gCaptain
Justice at Last: Somali Pirates Sentenced to 30 Years for Hostage Taking of American Journalist
Two Somali pirates have been brought to justice in the United States for their roles in a harrowing 977-day hostage-taking of an American journalist. In a landmark judgment, Somali nationals...
From
Reuters
via
gCaptain
Hapag-Lloyd CEO Expects Shipping Strength to Continue
Hapag-Lloyd's CEO said on Thursday he expects continued strength in container shipping volumes, which are driven by global demand for transporting goods and seen as a proxy for trade and a health barometer for the world economy.
From
Mike Schuler
via
gCaptain
Kpler Acquires Spire Maritime, Aiming to Dominate Vessel Tracking
Brussels-based Kpler has announced its acquisition of Spire Maritime, a leading provider of satellite-powered vessel tracking data. This strategic acquisition aims to bolster Kpler’s position in the global trade intelligence...
From
The Loadstar
via
gCaptain
CMA CGM Bends to Customer Pressure, Re-Routes INDAMEX Service Back Around Cape
Pressure from customers has apparently caused French mainline operator CMA CGM to u-turn on plans to operate its INDAMEX (Indian Subcontinent-US East Coast) service through the Suez Canal, just weeks after announcing it.
From
Mike Schuler
via
gCaptain
Hapag-Lloyd Lifts 2024 Forecast Despite Red Sea Risks
Hapag-Lloyd’s performance in the first nine months of 2024 has dipped compared to last year, driven by lower freight rates and increased transport costs from rerouting ships around the Cape...
From
Oliver Sloup
via
Barchart
Grain Markets Are Mixed in the Early Morning Trade
Corn, soybeans, and wheat have been choppy in overnight and into the morning. these are the levels to watch for in today’s trade.
Watch us on RFD-TV, today at 12:45pm CT!
From
Austin Schroeder
via
Barchart
Wheat Losses Led by Chicago, as Stronger Dollar Continues to Climb
Wheat is extending the slide into Thursday morning as bulls can’t catch much of a bid. The wheat complex continued their slide this week, the three markets falling lower on the midweek session. Chicago SRW futures were down 9 ½ to 11 ¼ cents on Wednesday. CME showed preliminary open...
From
Austin Schroeder
via
Barchart
Soybeans Slipping to Start Thursday Trade
Soybeans are trading with slight Thursday morning weakness, down fractionally to 2 cents. They closed out the Wednesday session with contracts down 2 ¾ to 4 cents, as nearby and soon to expire November was up ¾. There were 61 deliveries issued against November soybeans overnight, as futures roll off...
From
Austin Schroeder
via
Barchart
Corn Leaking Lower on Thursday AM
Corn prices are slipping lower again as we trade through Thursday morning, with losses of 1 to 2 cents. The corn bulls tried to hold up on Wednesday despite spillover pressure from a weaker wheat market and stronger US dollar. Contracts were down 1 ½ to 3 ¾ cents on...
From
Darin Newsom
via
Barchart
Why Does the Grains Sector Smell Like a Fish Market Thursday Morning?
Corn, soybeans, and all three wheat markets smell of fish, for different reasons, early Thursday morning.
From
Reuters
via
gCaptain
In shadow of New Trump Term, Japan and S.Korea Join US in Asian Naval Drill
By Tim Kelly ABOARD USS GEORGE WASHINGTON, Nov 14 (Reuters) – U.S., Japanese and South Korean naval forces exercised together in East Asian waters on Thursday in their most complex and final...