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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
Trump Says U.S. Navy Has Cleared All Mines From Strait of Hormuz
President Donald Trump declared Tuesday that the U.S. Navy has cleared all mines from international waters in the Strait of Hormuz, even as the multinational maritime security center overseeing threats...
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...
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From
Reuters
via
gCaptain
Pipeline Pressure: Texas Shale Surge Pushes Gulf Coast Crude Prices Higher
By Arathy Somasekhar HOUSTON, Nov 4 (Reuters) – The difference in prices for U.S. shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to...
From
Oliver Sloup
via
Barchart
A BIG Week For Markets
Grain and livestock markets could be setting up for a choppy week with a looming election and interest rate decision this week. These are a few things on our radar.
From
Reuters
via
gCaptain
Sweden Blocks Baltic Sea Wind Farms Over Defense Concerns
STOCKHOLM, Nov 4 (Reuters) – Sweden has rejected applications to build 13 offshore wind farms in the Baltic Sea due to defense concerns, while giving the go-ahead to one on its west coast,...
From
Mike Schuler
via
gCaptain
Red Sea Crisis: IMO Chief Calls for Urgent Action as Houthi Attacks Threaten Global Shipping
International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has completed a diplomatic tour of Red Sea countries, addressing the escalating crisis that threatens global trade and seafarer safety. The crisis began...
From
Mike Schuler
via
gCaptain
Dredger Suffers Engine Room Fire Near St. John’s River
The U.S. Coast Guard Station Mayport responded to a dredger fire on Saturday afternoon. The fire was reported in the engine room of the Stuyvesant, a 340-foot dredger, near the...
From
Darin Newsom
via
Barchart
Grain Market Watch: Can Wheat, Corn, and Soybean Prices Maintain Momentum?
The interview discusses the recent surge in grain prices, driven by increased demand from Mexico and China, as well as the uncertainty surrounding the US election and potential trade disruptions. Additionally, the rising demand for vegetable oils, particularly soybean oil, due to the growing renewable diesel market is highlighted. The interview also touches on the potential impact of weather conditions on winter wheat production and the bearish signals in the cattle and stock markets.
From
Bloomberg
via
gCaptain
South Korea Weighs Buying More U.S. Energy If Trump Wins Election
By Sam Kim (Bloomberg) South Korea is considering a plan to boost energy imports from the US if Donald Trump wins the election and steps up pressure on trade partners,...
From
Oliver Sloup
via
Barchart
Grain Markets Firm in the Early Morning Trade
Grain markets find their footing to start a new week of trade. Is energy building up for a bigger rally?
Watch us on RFD-TV, today at 9:45am CT!
From
Austin Schroeder
via
Barchart
Soybeans Rallying Out of the Weekend
Soybeans are showing Monday morning gains of 11 to 12 cents. They settled the Friday session with contracts steady to 1 ½ cents in the red, despite early strength and export business. January managed a 3 ¾ cent loss on the week. There were another 440 deliveries issued overnight, all...
From
Austin Schroeder
via
Barchart
Wheat Slipping to Start Monday Morning Trade
Wheat futures are showing Monday morning losses in the three main markets. The complex posted losses across the three exchanges on Friday. Chicago SRW futures saw fractional to 2 ½ cent losses on the day, as December closed out the week down a penny. KC HRW contracts were 1 to...
From
Austin Schroeder
via
Barchart
Corn Getting Monday AM Pop
Corn prices are trading with Monday morning strength of 1 to 3 cents. Futures closed out the Friday session with most contracts steady to 3 ¾ cents higher. That was led by December, which cut down the weekly loss to just ¾ cent. The national average Cash Corn price from...
From
Reuters
via
gCaptain
Houthis Say They Will Not End Red Sea Blockade
by Adam Makary (Reuters) – Yemen’s Houthis said on Sunday they would maintain their maritime blockade against Israeli vessels in response to “intelligence information” regarding Israeli shipping companies selling their assets to other...