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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
Austin Schroeder
via
Barchart
Corn Losses Limited Despite Spillover from Wheat
The corn bulls are trying to hold up the market at midday, with spillover pressure from wheat playing a role. Corn is down 1 to 3 cents at midday, with help from a couple large export bookings. The national average Cash Corn price from cmdtyView is down 1 1/4 cents...
From
Mike Schuler
via
gCaptain
U.S., Canada, and Finland Look to Boost Arctic Icebreaker Production with Landmark Agreement
The United States, Canada, and Finland have signed a Memorandum of Understanding (MOU) to collaboratively develop and produce world-class Arctic and polar icebreakers. The groundbreaking agreement builds off the launch...
From
Bloomberg
via
gCaptain
Biden Climate Official: Record Oil Production Powers U.S. Shift to Clean Energy
(Bloomberg) — Record oil and gas production under President Joe Biden has enabled the US to smoothly transition toward cleaner energy and fight climate change without driving up prices, a...
From
Reuters
via
gCaptain
Siemens Energy, RWE Warn of Trump Fallout in US Offshore Wind Sector
Two of the world's biggest renewables players on Wednesday warned of challenges for the U.S. offshore wind sector under a presidency led by Donald Trump, flagging potential delays for the technology slammed by the president-elect.
From
Mike Schuler
via
gCaptain
As Hong Kong Convention Looms, BIMCO Unites Industry for Safer Ship Recycling
BIMCO, a leading shipping industry association, has launched a Ship Recycling Alliance to accelerate the implementation of safe and environmentally sound practices in the maritime sector. The initiative comes in...
From
Mike Schuler
via
gCaptain
Electric Tug Achieves Guinness World Record
Damen Shipyards Group and SAFEEN Group, a division of AD Ports Group’s Maritime & Shipping Cluster, have set a new Guinness World Records title for the Most Powerful Electric Tugboat....
From
Mike Schuler
via
gCaptain
Dockworkers Dig In: ILA Breaks Off Talks with USMX, Threatening January Port Chaos
The International Longshoremen’s Association (ILA) has halted talks with the United States Maritime Alliance (USMX) over disputes about port automation, raising the possibility of renewed strikes at U.S. East and...
From
Oliver Sloup
via
Barchart
Grain Markets Test Technical Support. Will it Hold?
Grain futures prices were weaker in Tuesday’s trade which has led to some additional weakness Wednesday morning. Prices are now back to important technical support levels, will it hold?
From
Austin Schroeder
via
Barchart
Soybeans Fall on Tuesday, with Pressure from Bean Oil
Soybeans were felling pressure from the products on Tuesday, as contracts were down 8 ¼ to 13 ¾ cents. CmdtyView’s national front month Cash Bean price was down 11 cents at $9.57 3/4. Soymeal futures were down $1.20 to $2.20/ton. Soy Oil futures were in freefall mode, with losses of...
From
Austin Schroeder
via
Barchart
Soybeans Slipping on Wednesday Morning
Soybeans are trading with contracts down fractionally to 2 cents. They were feeling pressure from the products on Tuesday, as contracts were down 8 ¼ to 13 ¾ cents. CmdtyView’s national front month Cash Bean price was down 11 cents at $9.57 3/4. Soymeal futures were down $1.20 to $2.20/ton....
From
Austin Schroeder
via
Barchart
Corn Continues Marginally Lower Trade on Wednesday AM
The overnight action in the corn market saw futures holding near unchanged, with selling coming in to show losses of 2 to 2 ½ cents. Corn futures held up on Tuesday despite double digit losses across the bean and wheat markets and a stronger US dollar. An export sale may...
From
Austin Schroeder
via
Barchart
Wheat Continues Descent on Wednesday Morning
Wheat is continuing to head lower, as contracts are down across the three markets. The wheat complex fell lower on Tuesday across the three exchanges, as a rallying dollar continues to weigh on the market. Chicago SRW futures were down 12 1/2 to 13 3/4 cents on Tuesday. KC HRW...