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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
Iran and Oman Unveil Framework for Future Management of Strait of Hormuz
Iran and Oman have unveiled a framework for restoring safe navigation through the Strait of Hormuz, including a temporary shipping corridor, joint mine-clearing operations and further talks over the future...
From
Mike Schuler
via
gCaptain
IMO Sounds Alarm as Somali Pirates Hold More Than 90 Seafarers
The International Maritime Organization is calling for urgent action against a resurgence of piracy in the Gulf of Aden, where six merchant ships and more than 90 seafarers are now...
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.
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From
Austin Schroeder
via
Barchart
Wheat Slipping at Midday
The wheat complex is showing some weakness at Friday’s midday across the three markets. Chicago SRW futures are down 6 cents on the day. KC HRW contracts are 5 to 6 cents lower across front months. MPLS spring wheat is 6 to 8 cents in the red so far on...
From
Austin Schroeder
via
Barchart
Corn Holding Gains to Kick Off November
Corn futures are trading with Friday midday gains of 1 to 2 cents so far. The average close for December corn futures throughout October was $4.16, which is the fall crop insurance price. That is 50 cents below the February base insurance price. The national average Cash Corn price from...
From
Reuters
via
gCaptain
Port Strike 2.0: Major Shippers Pivot to West Coast Over Contract Uncertainty
Oct 30 (Reuters) – U.S. shippers are steering clear of East and Gulf Coast ports amid worries the 45,000 dockworkers at those trade hubs will go on strike again if their union leader does not land...
From
Bloomberg
via
gCaptain
EPA Clears Path for Texas Deepwater Port, Fueling Controversy Over U.S. Oil Exports on Supertankers
(Bloomberg) — The Environmental Protection Agency has given its blessing for a proposed Texas oil port capable of exporting 1 million barrels of oil a day, even as the terminals...
From
Reuters
via
gCaptain
Arctic Alliance: U.S. Raises Alarms as Russia and China Flex Military Muscle Along NATO’s ‘Western Flank’
OSLO, Nov 1 (Reuters) – The United States is watching growing cooperation between Russia and China in the Arctic closely and some of their recent military collaboration in the region sends “concerning...
From
Mike Schuler
via
gCaptain
GRI Gamble: Carriers Play Hardball with Asia-Europe Spot Rate Hikes
By Gavin van Marle (The Loadstar) – Container shipping lines on the main east-west trades this week managed to reverse 15 weeks of consecutive declines in spot freight rates by managing...
From
Austin Schroeder
via
Barchart
Wheat Back to Higher Trade Early on Friday
The wheat complex is showing some strength come back on Friday morning across the three markets. Wheat closed out the Halloween session, with losses across the three exchanges. Chicago SRW futures were down 2 3/4 to 5 1/4 cents on the day. KC HRW contracts were 5 1/2 to 8...
From
Austin Schroeder
via
Barchart
Corn Showing Higher Friday AM Trade
Corn prices are trading 1 to 3 cents higher so far on the Friday session. Futures ended the Thursday session with contracts mostly steady to 2 ¾ cents higher, as nearby December was down ¾ cent on the day. The national average Cash Corn price from cmdtyView was down 1...
From
Austin Schroeder
via
Barchart
Soybeans Strength Extending on Friday Morning
Soybeans are extending this week’s bounce on Friday AM trade, with contracts up 7 to 8 cents. They saw gains of 3 1/4 to 6 cents across the board on Thursday to close the Halloween session. CmdtyView’s national front month Cash Bean price is up 4 1/4 cents at $9.29...
From
Reuters
via
gCaptain
China’s New Era: Dual Aircraft Carrier Formation Sails Into South China Sea
by Farah Master (Reuters) China’s aircraft carriers Liaoning and Shandong carried out dual aircraft carrier formation exercises for the first time in the South China Sea, the PLA navy said, a...
From
Oliver Sloup
via
Barchart
A New Month, A New Market?
Grain markets were relatively quiet to round out the month of October, will November bring more volatility?
From
Darren Carlat
via
Barchart
Hedge funds have their highest net long contracts for the past 52 weeks for Soybean Oil and Lean Hogs. Live Cattle is near its highest level.
Soybean Oil and Lean Hogs are at 52-week highs for hedge fund position estimates and are currently experiencing technical break outs. Live Cattle is also at extreme levels for hedge fund positions and carry yield but appears to be running out of steam.