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
Soybeans Trading Back Lower on Wednesday Morning
Soybeans are slipping back 4 to 6 cents lower on Wednesday. Futures pushed 10 to 12 cents higher across most contracts on Tuesday. CmdtyView’s national front month Cash Bean price was up 11 ¼ cents at $9.35. Preliminary open interest showed net new buying across most contracts, up 18,484 contracts...

From
Austin Schroeder
via
Barchart
Corn Slipping Lower on Wednesday Morning
Corn prices are trading with 1 to 2 cent losses on Wednesday AM. Futures closed out the Tuesday session with more strength, as contracts were up 3 to 7 cents across the board. Preliminary open interest saw net new buying, up 24,814 contracts, with 18,595 in March alone. The national...

From
Oliver Sloup
via
Barchart
Grain Futures Struggle Against Technical Resistance
Grain futures were higher in Tuesday's trade but have stalled out against technical resistance.

From
Austin Schroeder
via
Barchart
Wheat Sneaks Out Gains on Tuesday
The wheat complex shrugged off overnight weakness, as all three markets closed the session higher. Chicago SRW futures were up 3 to 4 cents on the day. KC HRW contracts were 3 1/4 to 4 3/4 cents higher on the session. MPLS spring wheat was up 2 to 3 3/4...

From
Austin Schroeder
via
Barchart
Soybeans Post Double Digit Gains on Tuesday
Soybeans pushed 10 to 12 cents higher across most contracts on Tuesday. CmdtyView’s national front month Cash Bean price was up 11 ¼ cents at $9.35. Soymeal futures were down 20 to 70 cents/ton at the close. Soy Oil contracts were 102 to 130 points higher across the board on...

From
Austin Schroeder
via
Barchart
Corn Rally Continued on Tuesday Following More Export Business
Corn futures closed out the Tuesday session with more strength, as contracts were up 3 to 7 cents across the board. The national average Cash Corn price from cmdtyView was up just 4 ¾ cents at $3.83 per bu. The average close for December corn futures so far in October...

From
Mike Schuler
via
gCaptain
5 Key Insights from UNCTAD’s 2024 Review of Maritime Transport: Challenges and Opportunities for Global Shipping
The 2024 Review of Maritime Transport report by UNCTAD offers a comprehensive analysis of the current state and future outlook of the global maritime industry. It examines how geopolitical tensions, climate risks, and economic...

From
Nick Ehrenberg
via
Barchart
Corn Holds a 78.6% Retracement, Is This the Bottom of the Next Bull Move?
Educational and Actionable information using Fibonacci and W.D. Gann analysis

From
Mike Schuler
via
gCaptain
Inside the Shadowy Insurance Market Covering Russia’s Oil Tankers
By Alex Longley, Patrick Sykes and Alberto Nardelli (Bloomberg) — One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum...

From
Lori Ann LaRocco
via
gCaptain
UNCTAD’s Maritime Review Exposes the Real Winners from Global Shipping Disruptions
By Lori Ann LaRocco (gCaptain) – UNCTAD’s yearly review on the maritime industry meticulously breaks out all the headwinds facing the world of trade, but it’s the “green” opportunity that...

From
Chris Swift
via
Barchart
Shootin' the Bull about cheaper corn
For corn, I recommend fixing your cost out to July by buying the July futures, or the $4.60 call options. This is a sales solicitation. Currently, cost of carry from December to July is $.03. A quick quote from ADM is at $.06. For the 7 months, the $.03 difference is $.21 you do not have to pay in storage.
