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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
Mike Schuler
via
gCaptain
Canada’s Most Powerful Icebreaker Reaches North Pole
Canada’s largest and most powerful icebreaker has reached the North Pole as part of a multi-year effort to map the country’s continental shelf and reinforce its presence in the Arctic....
From
Mike Schuler
via
gCaptain
Army Corps Greenlights Major New Container Terminal on Mississippi River
The U.S. Army Corps of Engineers has granted the federal permit needed to build the Louisiana International Terminal, clearing a major regulatory hurdle for the planned deepwater container terminal on...
From
Mike Schuler
via
gCaptain
Antin Acquires Vigor Marine Group as U.S. Shipyard Investment Grows
Antin Infrastructure Partners has completed its acquisition of Vigor Marine Group from an affiliate of Lone Star Funds, bringing one of the largest U.S. ship repair and marine services groups...
From
Bloomberg
via
gCaptain
Trump Rejects Iran Truce Extension as Oil Tops $90
The prospects for peace in the Middle East suffered a fresh setback, with President Donald Trump saying he’s not interested in extending the expiring agreement with Iran and fighting flaring anew in Lebanon.
From
Bloomberg
via
gCaptain
Abu Dhabi Wealth Fund L’imad’s Ports Deal Signals Growing Role
Abu Dhabi wealth fund L’imad Holding is offering to buy out minority shareholders in the city’s port operator valuing the firm at 31.8 billion dirhams ($8.66 billion), potentially bolstering the emirate’s efforts to build out infrastructure that could help it bypass the Strait of Hormuz.
From
Reuters
via
gCaptain
Iran Threatens to Go On Offensive in Strait of Hormuz if Diplomacy With US Fails
Iran has decided to shift its policy from defensive to "fully offensive" due to the deadlock in efforts to agree a permanent end to its war with the United States, a senior Iranian official told Reuters on Monday.
From
Mike Schuler
via
gCaptain
Trump Administration Moves Closer to Pacific Seabed Mining Lease Sale
The Trump administration is moving closer to a potential offshore critical minerals lease sale near the Northern Mariana Islands, advancing another piece of its broader effort to develop seabed mineral...
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From
Mike Schuler
via
gCaptain
U.S. Treasury Warns Oman Over Hormuz Toll System
U.S. Treasury Secretary Scott Bessent on Thursday warned Oman that Washington is prepared to aggressively sanction any country or entity involved in facilitating an Iranian-linked tolling system in the Strait...
From
Reuters
via
gCaptain
Report Says Iran and U.S. Reach Outline Ceasefire Deal After Latest Attacks
By Jana Choukeir, Enas Alashray and Phil Stewart WASHINGTON/DUBAI, May 28 (Reuters) – The United States and Iran have reached an outline agreement to extend their ceasefire pending the approval of President...
From
Reuters
via
gCaptain
TotalEnergies Made Middle East Oil Mega-Trades After Noticing US Navy Buildup in Gulf in February, CEO Says
French oil major TotalEnergies TTEF.PA made the decision to buy large amounts of Middle East crude in March after its traders noticed the U.S. Navy amassing ships near the Gulf in February, its CEO told French newspaper Le Figaro in an interview published on Thursday.
From
Bloomberg
via
gCaptain
Merchant Ships Desert Strait of Hormuz Amid Renewed US Strikes
Traffic through the Strait of Hormuz appeared all but deserted on Thursday as commercial operators remain wary of renewed military escalation.
From
Malte Humpert
via
gCaptain
Russia Sends Arctic LNG 2 Cargo East Along Northern Sea Route in Rare May Voyage
The icebreaking LNG carrier Christophe de Margerie appeared to be attempting an unusually early eastbound transit of Russia’s Northern Sea Route (NSR) this week after loading liquefied natural gas from the sanctioned Arctic LNG 2 project, highlighting both favorable ice conditions and mounting pressure on Moscow to sustain exports to Asia.
From
Mike Schuler
via
gCaptain
U.S. Sanctions Iran’s ‘Persian Gulf Strait Authority’ as Hormuz Transit Fight Escalates
The U.S. Treasury Department on Wednesday formally sanctioned Iran’s so-called Persian Gulf Strait Authority (PGSA), accusing the organization of working with the Islamic Revolutionary Guard Corps (IRGC) to extort commercial...
From
Reuters
via
gCaptain
Trump Threatens Oman as Hormuz Deal Remains Elusive
President Donald Trump on Wednesday dismissed a report that Iran and Oman would manage shipping through the Strait of Hormuz as part of a deal to end the war, in a sign that any potential agreement remained elusive.
From
Mike Schuler
via
gCaptain
Port of Long Beach Offers $1 Million Prize For First Methanol Bunkering
The Port of Long Beach is offering a $1 million prize to the first ocean-going vessel to complete a commercial-scale methanol bunkering operation at the Southern California gateway, marking one of the...
From
Mike Schuler
via
gCaptain
Jones Act Waiver Reshapes U.S. Oil Trade as Foreign Tankers Flood Domestic Routes
The Trump administration’s emergency Jones Act waiver is rapidly reshaping U.S. oil flows, opening domestic shipping routes to foreign-flagged tankers and triggering trade patterns rarely seen in modern American energy...
From
Reuters
via
gCaptain
SPR Oil Heads to California for First Time Amid Iran War Disruptions
A cargo of oil from the U.S. Strategic Petroleum Reserve headed to California this month for the first time ever, ship tracking service Kpler said.
From
Reuters
via
gCaptain
Top Recycler GMS Gets U.S. Approval to Scrap Ships Hit With Sanctions
LONDON, May 27 (Reuters) – Dubai-based GMS has won U.S. government approval to scrap four container ships that were under Iran-related sanctions, potentially paving the way for Washington to reduce the shadow fleet of...
From
Mike Schuler
via
gCaptain
Scorpio Tankers Dumps Older LR2 Tankers in $286 Million Fleet Shakeup
Scorpio Tankers is moving to reshape its product tanker fleet, announcing agreements to sell four LR2 tankers while lining up two new MR newbuildings and preparing to repay all secured...