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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
Austin Schroeder
via
Barchart
Wheat Showing Friday Morning Losses
Wheat futures are posting marginal losses to kick off the Friday session. The wheat complex saw some slight strength across the three markets into Thursday’s close. Chicago SRW futures were fractionally to 3 cents higher on the day in most contracts, with a few deferreds down ¼ cent. KC HRW...
From
Austin Schroeder
via
Barchart
Soybeans Slipping on Friday AM Trade
Soybeans are trading with Friday morning losses of 2 to 4 cents. They faded off the Thursday strength, with contracts closing mostly firm to 1 ¾ cents, as Nov was down 1 ¼ cents. The average close for November soybean futures so far in October is $10.10. That is $1.45...
From
Austin Schroeder
via
Barchart
Corn Pulling Back on Friday Morning
Corn prices are slipping back on Friday morning by 2 to 3 cents after a week of gains. Futures closed out the Thursday session with contracts steady to 3 cents higher across the board. The national average Cash Corn price from cmdtyView was up 2 1/2 cents at $3.88 1/2...
From
Mike Schuler
via
gCaptain
Foreign Shipping Companies Reach $102 Million Settlement With DOJ Over Baltimore Bridge Collapse
Singapore-based companies Grace Ocean Private Limited and Synergy Marine Private Limited, the owner and operator of the M/V DALI, have agreed to a $101,980,000 settlement with the U.S. government to...
From
Mike Schuler
via
gCaptain
After Veto, Maritime Industry Turns to EPA to Reject California’s Controversial Commercial Harbor Craft Rule
The American Waterways Operators (AWO) and several maritime labor unions have jointly petitioned the U.S. Environmental Protection Agency (EPA) to deny California’s request for a Clean Air Act waiver, which...
From
Austin Schroeder
via
Barchart
Corn Holds Thursday Gains on Export Business
Corn futures closed out the Thursday session with contracts steady to 3 cents higher across the board. The national average Cash Corn price from cmdtyView was up 2 1/2 cents at $3.88 1/2 per bu. The average close for December corn futures so far in October is $4.17. That is...
From
Austin Schroeder
via
Barchart
Wheat Posts Thursday Gains
The wheat complex saw some slight strength across the three markets into Thursday’s close. Chicago SRW futures were fractionally to 3 cents higher on the day in most contracts, with a few deferreds down ¼ cent. KC HRW contracts were up ½ to 1 ½ cents in the nearbys and...
From
Austin Schroeder
via
Barchart
Soybeans Fade Off Midday Highs on Thursday’s Close
Soybeans faded off the Thursday strength, with contracts closing mostly firm to 1 ¾ cents, as Nov was down 1 ¼ cents. 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 front month Cash Bean...
From
Chris Swift
via
Barchart
Shootin' the Bull about rationing again
The rationing of beef is believed starting to have an impact on box price. Sending beef prices up 8% in just a couple of weeks seemingly put the breaks on retailers bidding up supplies
From
Mike Schuler
via
gCaptain
Hapag-Lloyd Joins Maersk with Major Earnings Upgrade as Red Sea Chaos Reshapes Shipping
Hapag-Lloyd has followed in the footsteps of its future Gemini Cooperation partner Maersk with an upward revision of its earnings outlook for 2024, driven by stronger-than-expected demand and improved freight...
From
Mike Schuler
via
gCaptain
French Chocolate Maker Charts Course for 200-TEU Sailing Cargo Ship, Launching in 2027
Grain de Sail, a French company renowned for its commitment to sustainable shipping and organic food production, has unveiled plans for its third modern sailing cargo ship—the Grain de Sail...
From
Oliver Sloup
via
Barchart
Improving Exports Help Lift Grain and Cattle Markets
Weekly export inspections have shown signs of improvement which helped add a tailwind to prices in Thursday's trade.