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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
Canada’s Davie Sees US Shipyards as Key to Winning Icebreaker Contract
The owner of Canadian firm Davie Shipbuilding said on Wednesday that the key to winning a contract to build icebreakers for the United States is to develop local shipbuilding capacity there.
From
Mike Schuler
via
gCaptain
Davie Shipyard Begins Construction of Canada’s Flagship Polar Max Icebreaker
Davie shipyard has officially commenced construction on Canada’s flagship Polar Max icebreaker, marking a significant milestone in the country’s Arctic capabilities development. The steel cutting ceremony, held today in Lévis,...
From
Reuters
via
gCaptain
Russia Expects India to Keep Buying Its Oil and Seeks China-India-Russia Talks
Russia expects to continue supplying oil to India despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon take place with India and China.
From
Mike Schuler
via
gCaptain
Hurricane Erin Strengthens Near U.S. East Coast, Poses Significant Maritime Threat
Hurricane Erin has intensified to near-major hurricane strength with maximum sustained winds of 110 mph while moving northward through the western Atlantic, the National Hurricane Center reported Wednesday morning. The...
From
Mike Schuler
via
gCaptain
Fire Breaks Out on USS New Orleans Off Okinawa
A U.S. Navy amphibious transport dock ship, USS New Orleans (LPD-18), suffered a fire off the coast of Okinawa, Japan on Wednesday, prompting a coordinated international response from both U.S....
From
Mike Schuler
via
gCaptain
External Firefighters Join Marie Maersk Crew in Battle Against Container Fire Off West Africa
External firefighter crews have joined the Marie Maersk’s crew in actively combating a fire that broke out aboard the vessel one week ago, according to the latest update released today....
From
Bloomberg
via
gCaptain
India’s Nayara Turns to Dark Fleet and Russian Oil for Survival
One month after being hit by European Union sanctions, India’s Nayara Energy Ltd. is relying on a growing pool of dark-fleet tankers to transport its products, and a narrowing menu of crude imports to keep its operations running.
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For detailed updates and additional resources, explore our resources section.
From
Mike Schuler
via
gCaptain
Second Officer Charged in Containership’s Grounding Near Norwegian Home
A Ukrainian Second Officer has been charged with negligent navigation under Norway’s Ship Safety and Security Act after the containership NCL Salten ran aground near Trondheim on Thursday. The officer,...
From
Mike Schuler
via
gCaptain
U.S. Coast Guard Releases Footage of Titan Sub’s Final Moments
The U.S. Coast Guard has released footage documenting the final moments of OceanGate’s Titan submersible, capturing the instant the vessel was lost during its descent to the Titanic wreck site....
From
Bloomberg
via
gCaptain
Poland Says Key Infrastructure at Risk After Baltic Sea Incident
Polish Prime Minister Donald Tusk warned on Thursday that the Baltic Sea is becoming “a new area of confrontation” with Russia, putting the country’s critical infrastructure increasingly at risk.
From
Austin Schroeder
via
Barchart
Soybeans Slipping Back Ahead of Long Weekend
Soybean futures are posting losses of 5 to 9 cents across most contracts on Thursday. The cmdtyView Cash Bean price is down 8 ½ cents to $10.10 3/4. Soymeal futures are $2.90/ton higher on the day, with Soy Oil futures up 36 points. The market will be closed on Monday...
From
Austin Schroeder
via
Barchart
Wheat Market Mixed at Midday
The wheat complex is trading with mixed action, as spring wheat is holding higher. Chicago SRW futures are 3 to 4 cents lower on the day. The Kansas City HRW contracts are 3 to 4 cents in the red at midday. Minneapolis spring wheat futures are up 5 to 7...
From
Austin Schroeder
via
Barchart
Corn Bulls Backing Off Ahead of the Weekend
Corn futures are backing off on Friday, with contracts down 2 to 4 cents. The front month CmdtyView national average Cash Corn price is down 3 1/2 cents at $4.33 3/4. The market will be closed on Monday for Memorial Day, as well as the government reports delayed, with a...
From
Reuters
via
gCaptain
Markets Rattle as Trump Escalates Trade Threats Against EU, Apple
U.S. President Donald Trump threatened on Friday to ratchet up his trade war once again, pushing for a 50% tariff on European Union goods starting June 1 and warning Apple he may slap a 25% levy on all iPhones bought by U.S. consumers.
From
Reuters
via
gCaptain
North Korea Launches Probe into Warship Launch Fail
North Korea has begun a full-scale investigation into the accident that occurred during the launch of a warship this week, state media KCNA reported on Friday.
From
Mike Schuler
via
gCaptain
Frontline Posts $33M Profit as Tanker Market Weathers Geopolitical Storms
Frontline plc reported a profit of $33.3 million for the first quarter of 2025, with revenues reaching $427.9 million. The tanker company continues to demonstrate resilience in a market characterized...
From
Mike Schuler
via
gCaptain
ABS Grants Approval for First U.S. Liquefied CO2 Barge Design
Classification society ABS has awarded approval in principle (AIP) to Overseas Shipholding Group, Inc. (OSG) for its groundbreaking liquefied carbon dioxide (LCO2) barge design. The vessel, designed as an articulated...
From
Mike Schuler
via
gCaptain
Equinor and Polenergia Secure €7.2 Billion Financing for Major Polish Offshore Wind Projects
Equinor and Polenergia have reached financial close on their Ba?tyk 2 and Ba?tyk 3 offshore wind projects, securing over €6 billion in project financing. The joint venture partners, with equal...
From
The Loadstar
via
gCaptain
Tariff Truce Spurs a Slow-Burn Surge in Transpacific Freight Rates
Container spot freight rates on the transpacific continued to trend upwards this week, albeit at a far gentler pace than last week’s GRI-induced double-digit growth, as carriers rushed to return capacity in anticipation of at least a short-term demand bounce.