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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
Reuters
via
gCaptain
Iran Vows to Resist Widened U.S. Sanctions, Says Washington Seeks Talks
Iran pledged to fight back against expanded U.S. sanctions aimed at isolating its economy, expressing confidence that major trading partners would resist the pressure campaign and saying that Washington was keen to revive talks.
From
Bloomberg
via
gCaptain
Turkey Braces For Potential Gas Squeeze as U.S. Targets Iran Trade
Turkey, a key US ally and Iran’s third-largest trading partner, is at risk of losing a key energy supplier if Washington makes good on a threat to economically isolate Tehran.
From
Mike Schuler
via
gCaptain
SpaceX to Build $100 Billion Spaceport on Louisiana Gulf Coast
SpaceX plans to invest $100 billion in a massive new launch facility on Louisiana’s Gulf Coast, a project the company says could eventually support thousands of launches a year. The...
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.”
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From
Austin Schroeder
via
Barchart
Wheat Weakens on Thursday
Wheat is trading through the Thursday session with losses across the three exchanges. Chicago SRW futures are down 7 to 8 cents on the day. KC HRW contracts are 10 to 11 cents lower across most contracts. MPLS spring wheat is down 7 to 9 cents in the session. Forecasts...
From
Austin Schroeder
via
Barchart
Corn Seeing Steady Trade on Thursday
Corn futures are trading steady to a penny lower across most contracts at Thursday’s midday. Preliminary open interest showed net new selling interest, up a total of 12,811 across most contracts. The national average Cash Corn price from cmdtyView is down 1 3/4 cents at $3.79 per bu. The average...
From
Austin Schroeder
via
Barchart
Soybeans Holding Slight Gains at Midday
Soybeans are showing 1 to 2 cent higher trade so far on Thursday. First notice day for November soybean futures is today, with a total of 97 deliveries issued. Wednesday’s preliminary open interest showed net new buying across most with exception of the November contract, up 17,871 contracts leaving out...
From
Bloomberg
via
gCaptain
Dirty Fuel’s Big Comeback: HSFO Prices Spike as Ships Reroute from Red Sea Risks
(Bloomberg) — One of the dirtiest corners of the global oil market is staging a spectacular rally, boosted by surging demand from ships sailing longer voyages to avoid unrest in...
From
Reuters
via
gCaptain
Finland Warns of Russia’s Satellite Jamming and Tanker Spoofing in Baltic Sea
HELSINKI, Oct 31 (Reuters) – Finland’s Coast Guard said it has detected constant disturbances to satellite navigation signals in the Baltic Sea since April and in recent weeks has seen tankers spoofing...
From
Reuters
via
gCaptain
MOL Left in The Cold: Sanctions Jeopardize Arctic LNG 2 Tanker Charters
TOKYO, Oct 31 (Reuters) – Japan’s Mitsui O.S.K. Lines (MOL) may be unable to deliver tankers for Russia’s sanctions-hit Arctic LNG 2 project, it said on Thursday, in a blow to the plant that only...
From
Reuters
via
gCaptain
Sanctions, Smuggling, and Soccer Fixing? Shipping Magnate Marinakis Faces Off with Greek Rival in High-Stakes Libel Case
LONDON, Oct 31 (Reuters) – Evangelos Marinakis, a Greek shipping magnate and owner of English Premier League soccer club Nottingham Forest, was on Thursday accused of trying to fix a Greek soccer match,...
From
Mike Schuler
via
gCaptain
Huge Crane-Laden Ship Wrecks in Taiwan Just Weeks After Taking Out Port Cranes
A China-registered heavy-lift vessel that had previously involved in an accident at Taiwan’s Keelung Port just two weeks ago, has now run aground along the coast of Taiwan after battling...
From
Mike Schuler
via
gCaptain
Maersk Rides Wave of Strong Demand and Red Sea Disruptions
A.P. Moller – Maersk, the global shipping giant, has reported strong third-quarter performance, driven by strong container market demand and ongoing instability in the Red Sea. On Thursday, the company...
From
Austin Schroeder
via
Barchart
Wheat Lower to Kick Off Thursday Trade
Wheat is starting the Thursday session with losses. The wheat complex got some later day weakness but held gains across all three exchanges on Wednesday. Chicago SRW futures were up 2 3/4 to 9 cents on the day. KC HRW contracts were 1 1/4 to 4 cents higher across most...
From
Austin Schroeder
via
Barchart
Corn Slipping with Fractional Thursday AM Losses
Corn prices are showing fractional losses on Thursday morning. Futures ended the Wednesday session with contracts mixed across the board, but nearbys leading the weakness, down ½ to 2 ¼ cents. Preliminary open interest showed net new selling interest, up a total of 12,811 across most contracts. The average close...
From
Austin Schroeder
via
Barchart
Soybeans Pushing Higher Ahead of Export Sales Data
Soybeans are trading with Thursday AM gains of 4 to 6 cents. They closed out the Wednesday session with contracts up 7 ½ to 12 ¼ cents across the board. First notice day for November soybean futures is on Thursday, with a total of 97 deliveries issued. Wednesday’s preliminary open...