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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
Reuters
via
gCaptain
Judge Approves Shipping Companies’ $102M Settlement Over Baltimore Bridge Disaster
WASHINGTON, Oct 25 (Reuters) – A U.S. judge approved on Friday a $102 million settlement by the companies that owned and operated the ship that struck Baltimore’s Francis Scott Key Bridge in...
From
Mike Schuler
via
gCaptain
EU Naval Operation Warns of New Somali Piracy Threat as Armed Gang Set Sail Towards Indian Ocean
The EU Naval Force’s counter-piracy mission Operation ATALANTA has issued a stark warning about the resurgence of Somali piracy after a pirate action group was observed this week departing from...
From
Austin Schroeder
via
Barchart
Corn Falling to Round Out the Week
Corn futures are being pulled lower on spillover weakness from wheat after a week of strength. Contracts are down 4 to 6 ¼ cents at midday. The national average Cash Corn price from cmdtyView is down 6 1/2 cents at $3.82 1/2 per bu. The average close for December corn...
From
Austin Schroeder
via
Barchart
Wheat Dropping Double Digits on Friday
The wheat complex is gaining some weakness as we head into the weekend. Chicago SRW futures are showing losses of 13 to 14 1/4 cents in the nearbys at midday. KC HRW contracts are trading with midday losses of 16 to 17 cents on Friday. MPLS spring wheat is posting...
From
Austin Schroeder
via
Barchart
Soybeans Heading Lower on Friday, with Product Pressure
Soybeans are trading with Friday midday losses of 7 to 10 cents as the trade looks to round out the week. November soybean options expire today. The average close for November soybean futures so far in October is $10.10. That is $1.45 below the February base insurance price. CmdtyView’s national...
From
Bloomberg
via
gCaptain
The Mississippi River is Drying Up Again—And the Timing Could Not Be Worse
(Bloomberg) — The Mississippi River is suffering from low waters for the third straight autumn, a crucial time of year when American farmers rely on the route to deliver their...
From
Mike Schuler
via
gCaptain
ILA and USMX to Resume Negotiations That Could Make or Break U.S. Supply Chains in 2025
The International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) have announced the resumption of Master Contract negotiations starting next month. The announcement comes on the heels of a...
From
Reuters
via
gCaptain
Putin to Examine Black Sea Shipping Proposals From Turkey’s Erdogan
MOSCOW, Oct 25 (Reuters) – Russian President Vladimir Putin said his Turkish counterpart, Tayyip Erdogan, had proposed reviving contacts on Black Sea shipping but that he had not yet had time to study the documents....
From
Mike Schuler
via
gCaptain
Port of Montreal Faces 24-Hour Strike: Economic Ripple Effects Expected Across Canada
The Canadian Longshoremen’s Union, CUPE Local 375, has announced a 24-hour strike at the Port of Montreal, the latest labor action in an on-going labor dispute with employers represented by...
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
Malte Humpert
via
gCaptain
U.S. Sanctions Force Temporary Shutdown of Russia’s Arctic LNG 2 Project
By Malte Humpert (gCaptain) – Western sanctions appear to have forced the shutdown of Russia’s flagship liquefied gas project, Arctic LNG 2, for the winter months. According to industry sources...
From
Oliver Sloup
via
Barchart
A Choppy Trade Ahead of Options Expiration
Grain markets were mixed on Thursday and have been under slight pressure in the Friday morning trade. Here are the levels to watch for ahead of today’s options expiration.