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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
Bloomberg
via
gCaptain
Trump Comeback Means Reckoning for China as It Draws Up Stimulus
(Bloomberg) — Chinese lawmakers got a head start on the US election this week as they gathered to vote on the largest fiscal package since the pandemic. But now that...
From
Reuters
via
gCaptain
Montreal Port Employers Threaten Shutdown After ‘Final Offer’
Nov 8 (Reuters) – Port of Montreal terminal operators have threatened to shut down most operations as of Sunday after providing a “final, comprehensive offer” to the longshore union. If the Canadian Union of...
From
Mike Schuler
via
gCaptain
U.S. Container Imports Surge Expected as Shippers Brace for Potential Port Strike and Tariff Hikes
Import volumes at major U.S. container ports are projected to be higher than previously expected for the remainder of the year as retailers grapple with the looming threat of another...
From
Mike Schuler
via
gCaptain
Potential Trump Tariffs Spark Supply Chain Upheaval
With the specter of renewed Trump-era tariffs looming large over global supply chains, industries are already strategizing how to shield their supply chains from potential disruption. President-Elect Donald Trump has...
From
Mike Schuler
via
gCaptain
Van Oord Dredger’s Four Dutch Crew Face Charges Over Singapore Collision and Oil Spill
Four crew members of the Netherlands-flagged dredger Vox Maxima are facing charges for their alleged role in causing Singapore’s worst oil spill in a decade. The incident, which occurred on...
From
The Loadstar
via
gCaptain
Asia-Europe Container Spot Rates Surge – What’s Fueling This Off-Season Spike?
By Gavin van Marle (The Loadstar) – Despite generally weak cargo demand, spot rates on the Asia-Europe trades continued to show gains this week, as carrier capacity management combined with port...
From
Reuters
via
gCaptain
Philippine President Signs New Laws to Assert South China Sea Rights, Draws China Ire
MANILA, Nov 8 (Reuters) – Philippine President Ferdinand Marcos Jr signed two laws on Friday aimed at strengthening the country’s maritime claims and bolstering its territorial integrity, as tensions with China over disputed areas...
From
Austin Schroeder
via
Barchart
Soybeans Leaking Lower on Friday Morning
Soybeans are pulling back to kick off Friday, with losses of 3 to 7 ½ cents. Bulls found some more spark after midday to extend the strength into the close. Contracts rallied 16 to 22 ¾ cents on the day. CmdtyView’s national front month Cash Bean price was up 23...
From
Austin Schroeder
via
Barchart
Corn Ticking Higher Ahead of USDA Reports
Corn is posting fractional to penny gains so far on Friday morning. Futures got some late session strength on Thursday to close with gains of ½ to 2 cents across the board. The national average Cash Corn price from cmdtyView was up 1 3/4 cents at $4.01 1/2 per bu....
From
Austin Schroeder
via
Barchart
Wheat Mixed to Start Friday Trade
Wheat is showing mixed action so far on Friday morning. The wheat market fell lower across the three exchanges to close out the Thursday session. Chicago SRW futures were down 1 1/2 to 2 1/2 cents on the day. KC HRW contracts were 4 to 5 cents lower on Thursday....