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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.
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From
Mike Schuler
via
gCaptain
How China’s Port Diplomacy is Redrawing South America’s Trade Routes
By Marco Aquino and Eduardo Baptista LIMA/BEIJING, Nov 11 (Reuters) – In South American copper giant Peru, the incoming Donald Trump White House will find itself already on the losing side in a trade...
From
Mike Schuler
via
gCaptain
BOEM Completes Environmental Review for Massive SouthCoast Wind Project as Trump Threat Looms
The Bureau of Ocean Energy Management (BOEM) has announced the completion of the final Environmental Impact Statement (EIS) for the proposed SouthCoast Wind Project, marking a crucial step towards the...
From
Bloomberg
via
gCaptain
MSC’s Africa Global Logistics Sees $43 Million Spend in Namibia
(Bloomberg) — MSC Mediterranean Shipping Company SA’s Africa logistics unit will invest as much as €40 million ($43 million) in Namibia by 2030 to benefit from growing oil, gas and...
From
Mike Schuler
via
gCaptain
Wallenius Wilhelmsen Doubles Down on Record-Breaking RoRo Fleet
Oslo-based roll-on/roll-off (RoRo) shipping company Wallenius Wilhelmsen has exercised options for two additional 11,700 CEU Shaper class pure care and truck carriers (PCTCs) and plans to upsize two more already...
From
Lori Ann LaRocco
via
gCaptain
Triple Threat: U.S. Importers Brace for Tariffs, Strikes, and Rate Spikes This Lunar New Year
Logistics Will Navigate a Three Front Storm This Lunar New Year By Lori Ann LaRocco (gCaptain) – U.S. companies importing their Spring season products will have to mitigate their exposures...
From
Oliver Sloup
via
Barchart
Grains Mixed to Start a New Week of Trade
Corn and beans were firm in the overnight trade but have gave back some of that ground into the morning. Wheat is the weakest link and threatening a technical breakdown.
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From
Austin Schroeder
via
Barchart
Wheat Selling Resuming on Monday Morning
Wheat futures are falling across the three markets, with double digit losses in the winter wheats. The market was mixed across the three exchanges on Friday with the soft wheat contracts holding up and the hard wheats the weakspot. Chicago SRW futures were mixed, with contracts anywhere form a penny...
From
Austin Schroeder
via
Barchart
Soybean Gains Extending into Monday
Soybeans are pushing higher on Monday morning, with gains of 5 to 9 cents. Futures faded the initial gains post USDA report release on Friday morning, but bulls managed to close the day with contracts up 1 ¼ to 6 cents across most contracts on Friday. January closed out the...
From
Austin Schroeder
via
Barchart
Corn Pulling Back Following Strength Last Week
Corn futures are showing a slight pullback to start the Monday trade, with 1 to 2 cent losses. A yield cut from the USDA earlier on Friday helped futures to close the day with fractional to 3 ¾ cent gains. December managed a 16 ½ cent jump last week. The...
From
Bloomberg
via
gCaptain
Montreal Port Locks Out Dockworkers, Adding To Canada’s Supply-Chain Woes
By Curtis Heinzl Nov 10, 2024,(Bloomberg) –Longshoring activity at the Port of Montreal is set to grind to a halt as an employers’ group locks out 1,200 union members. The escalation...
From
Darin Newsom
via
Barchart
What Were Markets Doing the Monday Morning After?
With last week out of the way, markets continued to move forward overnight through early Monday morning with the spotlight on US soybeans.
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
WASDE Report Numbers and the Cattle Market Black Hole