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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
Davie Adds Six Canadian Icebreakers to Growing Arctic Shipbuilding Portfolio
Davie Shipbuilding has formally secured a US $8 billion fixed-price contract to build six new icebreakers for the Canadian Coast Guard, providing new details on one of the largest pieces...
From
Mike Schuler
via
gCaptain
CMA CGM Joins $434 Million Expansion of Saudi Arabia’s Jeddah Port
Red Sea Gateway Terminal and CMA CGM Group have agreed to invest an initial $434 million to develop a new container terminal at Saudi Arabia’s Jeddah Islamic Port, adding up...
From
Mike Schuler
via
gCaptain
Ocean Winner Sinking Leaves 22 Seafarers Missing in Bay of Bengal
Twenty-two seafarers remain missing after the Panama-flagged bulk carrier Ocean Winner sank in the Bay of Bengal, triggering a major search and rescue operation involving the Indian Coast Guard and passing merchant...
From
Mike Schuler
via
gCaptain
Canada’s West Coast Ports Eye Bigger Role as Trade Shifts Beyond U.S.
Canada’s largest West Coast ports are positioning themselves for a bigger role in the country’s push to diversify trade away from the United States, with a new study highlighting the...
From
Mike Schuler
via
gCaptain
Great Lakes Ports and Shipyards Formalize Partnership on U.S. Shipbuilding
he American Great Lakes Ports Association (AGLPA) and the Great Lakes Alliance of Shipyards (GLAS) have signed a new agreement aimed at strengthening shipbuilding, port infrastructure and maritime commerce across...
From
Reuters
via
gCaptain
Up to 70 Ships Queue Off Danube as Bottlenecks Slow Ukraine Grain Exports
Up to 70 vessels are waiting near the Danube's Sulina Canal for access to Ukrainian ports to load grain for export, traders and analysts said on Wednesday, with a shortage of pilots and priority given to other cargoes creating long delays.
From
Lori Ann LaRocco
via
gCaptain
Panama Canal Chief: ‘Every Drop of Water Counts’ as Prolonged El Niño Looms
The Administrator of the Panama Canal is warning that the upcoming El Niño season will be longer and is taking the necessary precautions now to conserve water.
“What we see in the future is a very, very low level of precipitation,” said Ricaurte Vasquez, Administrator of the Panama Canal. “We have to look at how long this event is going to last. We anticipate that it's going to last about eight months.”
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Bloomberg
via
gCaptain
Africa’s Largest Oil Refinery Ships First Cargo
By Prejula Prem (Bloomberg) Nigeria’s Dangote refinery, larger than any other in Africa or Europe, has shipped its first seaborne gasoline cargo as a vital fuel-producing unit continues to ramp up....
From
Susan Stroud
via
Barchart
No Bull | The Five Spot
5 | Cleared for takeoff U.S. sustainable aviation fuel production is taking off, literally. Domestic renewable jet fuel RIN generation was a record 9.2 million gallons in September, more than two times larger than August’s four-million-gallon record and up 353% year-on-year. In the first nine months of 2024, the U.S....
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Grains All Lower - Bearish Cattle on Feed Report
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Grains All Lower - Bearish Cattle on Feed Report
From
Austin Schroeder
via
Barchart
Soybeans Face Product Pressure on Friday
Soybeans closed out the week with contracts 3 to 8 ½ cents in the red on Friday, as November managed a weekly gain of 17 ¾ cents. November soybean options expired today. The average close for November soybean futures so far in October is $10.09. That is $1.46 below the...
From
Austin Schroeder
via
Barchart
Wheat Leads Grain Complex Lower
The wheat complex was the weak spot for the grains on Friday, as all three exchanges faced double digit front month losses. Chicago SRW futures were down 5 ½ to 12 ½ cents across the board, as Dec was down 3 ¾ cents this week. KC HRW contracts closed out...
From
Austin Schroeder
via
Barchart
Corn Pares Back Weekly Gains on Friday
Corn futures closed out the Friday session with bulls taking money off the table ahead of the weekend and down 1 to 6 ¼ cents across the board. That was led by Dec which saw this weeks gains trimmed to just 10 ½ cents. The national average Cash Corn price...
From
Oliver Sloup
via
Barchart
Weekly Grain and Livestock Market Recap
That's a wrap! Here's how things finished up in the grain and livestock markets.
From
Sean Lusk
via
Barchart
Grain Spreads: Wheat Takes a Hit on Egyptian News
Sell the Rumor, Buy the Fact?
From
Ben DiCostanzo
via
Barchart
To Hedge or not to Hedge…
For those looking to hedge Feeder Cattle...
From
Reuters
via
gCaptain
Panama Canal Defies Drought with $3.45 Billion Profit Despite Fewer Ships
By Elida Moreno and Marianna Parraga PANAMA CITY, Oct 25 (Reuters) – The Panama Canal’s profit increased about 9.5% in the fiscal year ended in September to $3.45 billion despite a severe...
From
Chris Swift
via
Barchart
Shootin' the Bull about being scared
Oil is not cheap, and the Biden administration's policies did nothing to lower the price. Hence, any disturbance now would be expected to push oil sharply higher. I wrote quite a bit this week on me being scared. I wrote a comment on the oil market that sounded just like a scare tactic. When I questioned myself about putting out such, I came to the conclusion, I was scared. Therefore, I made the recommendations based upon current factors, with the forethought of, I hope I am dead wrong.