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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
At Least 27 Killed After Vietnam Tourist Boat Capsizes
HANOI, July 19 (Reuters) – At least 27 people died after a tourist boat capsized in stormy weather in Vietnam’s Halong Bay on Saturday, state media reported. The boat, carrying 53 people, tipped over at around 2...
From
Reuters
via
gCaptain
Chevron Wins Exxon Case But Loses Time, Oil And Billions
By Arunima Kumar July 18 (Reuters) – Exxon Mobil XOM.N has lost its arbitration challenge to block Chevron’s CVX.N $55 billion Hess HES.N acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year,...
From
Bloomberg
via
gCaptain
Iraq Set for Key Oil Cargo Surge in Sign of Increased Output
Iraq will raise shipments of a key crude grade next month, part of an enlarged export program indicating that the OPEC+ nation is boosting its oil production.
From
Reuters
via
gCaptain
Greek Owner of Cocaine-Loaded Vessel Seized in 2023 Denies Charges
ATHENS, July 18 (Reuters) – The Greek former owner of a cargo ship, seized by Spain in 2023 for carrying more than four tons of cocaine along with coffee beans from Latin America to...
From
Mike Schuler
via
gCaptain
Cadeler Bags Long-Term Contract With Vestas as New Jack-Up Vessel Arrives Early
Offshore wind installation specialist Cadeler has taken delivery of its newest jack-up vessel, Wind Keeper, ahead of schedule and simultaneously secured a substantial long-term contract with wind turbine manufacturer Vestas....
From
Reuters
via
gCaptain
EU’s New Russia Sanctions Aim for More Effective Oil Price Cap
The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry.
From
The Loadstar
via
gCaptain
GRIs Fizzle as Transpacific Spot Rates Extend Losing Streak
It was a relatively flat week for pricing on the major deepsea box shipping trades, with a scheduled mid-week general rate increase (GRI) failing to lift container spot rates on the headhaul eastbound transpacific route.
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From
Austin Schroeder
via
Barchart
Corn Squares Up Heading into the Weekend
The corn market finished off the week of losses with bears taking some money off the table. Contracts were up 2 to 4 cents across most months, with July falling 19 ¼ cents (4.10%) this week and December down 8 ¼ cents. The nearby CmdtyView national average Cash Corn price...
From
Reuters
via
gCaptain
Carriers Slash China–U.S. Routes Amid Trade Collapse
Major container shipping companies are suspending at least six scheduled weekly routes between China and the United States as President Donald Trump's punishing tariffs on the world's top exporting country collapse trade, maritime consultants said.
From
Sean Lusk
via
Barchart
Grain Spreads: Funds Record Short KC Wheat
Managed Money Presses the Downside
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Cattle - Bubble Bubble Bubble - WASDE Report Monday
From
Mike Schuler
via
gCaptain
Hong Kong Ship Captain Detained Over 2023 Baltic Pipeline Damage
The captain of a Hong Kong-flagged container ship has been remanded in custody in connection with the October 2023 damage to the Balticconnector pipeline, a critical natural gas infrastructure connecting...
From
Chris Swift
via
Barchart
Shootin' the Bull about changes in the industry
In my opinion, the cattle industry is changing rapidly. Woefully too much production and processing capacity, caused by the Biden administrations gratuitous handouts of subsidies in every form of payment or forgiveness program to give away 6 trillion dollars, being the cause.
From
Austin Schroeder
via
Barchart
Soybeans Rallying into the Weekend
The soybean market is trading with 7 to 12 cent gains ahead of the weekend meeting with the US and China. There were another 3 deliveries issued against May soybeans on Thursday. The cmdtyView Cash Bean price is up 11 3/4 cents to $10.05 1/4. Soymeal futures are up 30...
From
Austin Schroeder
via
Barchart
Wheat Falling at Midday
The wheat market is trading with losses at Friday’s midday. Chicago SRW futures are trading with 5 to 6 cent losses in the front months on Friday. Kansas City HRW futures are facing midday weakness, with to 5 cent losses at midday. Minneapolis spring wheat futures are trading with contracts...
From
Austin Schroeder
via
Barchart
Corn Bulls Pushing Higher at Midday
Corn futures are posting a round of strength ahead of the weekend, with contract up 1 to 4 cents at midday. There were another 17 deliveries issued against May futures overnight. The nearby CmdtyView national average Cash Corn price is up 1 3/4 cents at $4.20 1/2. USDA reported a...
From
Reuters
via
gCaptain
UK’s Crown Estate Gives Green Light to Expand Capacity at Offshore Wind Sites
King Charles III's Crown Estate, which owns Britain's seabed, has given the go-ahead to expand high-density wind farms on current seabed leases, seeking a rapid and space-efficient way to raise capacity and support the country's energy transition.
From
Bloomberg
via
gCaptain
Trump’s First Trade Pact Offers Faint Glimpse on Art of the Deal
For global leaders puzzling over how to negotiate with Donald Trump, the US president’s inaugural pact with the UK offers a few clues on how much ground he’s prepared to give.
From
Reuters
via
gCaptain
In Panama, Trump’s New Ambassador Casts China as Threat to Frayed Alliance
The United States' new ambassador to Panama pledged on Thursday to strengthen ties with the Central American country while pushing China as a common threat.