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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
Darin Newsom
via
Barchart
Did Weather Play a Role in Wednesday Morning's Markets?
Rains were moving across the US Midwest overnight through early Wednesday morning, though other storms once again dominated markets.
From
Malte Humpert
via
gCaptain
‘USS Harry S. Truman’ Sails Into Arctic During Drills with Norway to Counter Growing Russian Influence
By Malte Humpert (gCaptain) – A U.S. nuclear aircraft carrier is operating in the Arctic for only the third time since the end of the Cold War. The USS Harry...
From
Bloomberg
via
gCaptain
Re-Appearing Dark Fleet Vessel Underlines Zombie Ship Challenge
By Weilun Soon Nov 13, 2024 (Bloomberg) – After a dark-fleet ship exploded off the coast of Malaysia in May last year, its scorched wreck was sent to an Indonesian scrapyard. Then,...
From
Reuters
via
gCaptain
Amazon, IKEA Join Other Ocean Cargo Shippers to Boost Demand for New Green Fuels
By Lisa Baertlein Nov 13 (Reuters) – Amazon.com and IKEA, in alliance with about three dozen other companies that depend on ocean freight, will invite shipping firms for the first time to bid on a contract in...
From
Darren Carlat
via
Barchart
Corn, Soybean Oil, Live Cattle, and Lean Hogs are each at their highest hedge fund positions for the past 52 weeks.
When hedge funds begin to unwind these record positions, this will put significant pressure on market prices,
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
Corn Slips on Tuesday, with Spillover Pressure
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 have helped the bulls out, with contracts limiting losses to 1 ¼ to 3 ¼ cents. The national average Cash Corn price from cmdtyView was...
From
Austin Schroeder
via
Barchart
Wheat Posts Double Digit Tuesday Losses
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 contracts posted losses of 9 3/4 to 13 cents on the day. MPLS spring...
From
Mike Schuler
via
gCaptain
U.S. Navy Destroyers Repel Houthi Missile and Drone Barrage in Bab-el-Mandeb Strait
Two U.S. Navy destroyers successfully fended off a significant multi-pronged attack while navigating the Bab-el-Mandeb Strait on Monday. Pentagon Press Secretary Maj. Gen. Pat Ryder confirmed the incident on Tuesday,...
From
Oliver Sloup
via
Barchart
Grains Lower and Livestock Higher in Tuesday's Trade
Grains were uniformly lower in Tuesday's trade while livestock futures found their footing to post gains across the board. Here's how today's trade shook out.