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
Oliver Sloup
via
Barchart
Ag Markets Rally in Tuesday’s Trade
It was a higher day in the ag markets with grains and cattle posting gains. Here’s how today’s trade shook out and a few things on our radar.

From
Mike Schuler
via
gCaptain
Fallen Naval Aviators Remembered for Roles in Red Sea Combat Operations
The tragic loss of Lt. Cmdr. Lyndsay “Miley” Evans and Lt. Serena “Dug” Wileman during a routine training flight near Mount Rainier on October 15th, has left the U.S. Navy mourning two of its most respected and...

From
Austin Schroeder
via
Barchart
Soybeans Revert Higher on Tuesday
Soybeans are posting a Tuesday rally of 10 to 13 cents across the front months at midday. Preliminary open interest showed net new buying across most contracts, up 13,560 contracts cross all but the November contract, which was an exodus of 23,780 contracts. CmdtyView’s national front month Cash Bean price...

From
Austin Schroeder
via
Barchart
Corn Extending Gains into Tuesday’s Midday
Corn futures are showing 4 to 5 ½ cent gains across most contracts on Tuesday, with December leading the way. Preliminary open interest showed net new buying, up 20,956 contracts, with most of that in the March contract (13,944). The national average Cash Corn price from cmdtyView is up 5...

From
Austin Schroeder
via
Barchart
Wheat Sneaking Higher on Tuesday
The wheat complex is shrugging off the overnight weakness, with contracts posting midday gains. Chicago SRW futures are up 4 to 5 cents on the day. KC HRW contracts are 4 to 6 cents higher on the session. MPLS spring wheat is up 2 to 4 cents so far on...

From
Jim Roemer
via
Barchart
Weather factors affecting grain prices. Is there any chance for a bull market?
Jim lays out his weather forecasts for critical crops and outlines his suggestions for appropriate hedging, investing, and trading strategies

From
Bloomberg
via
gCaptain
US Will Continue to ‘Tighten the Screws’ on Russia LNG Flows
(Bloomberg) — The US will continue to “tighten the screws” on Russian liquefied natural gas exports to deprive Moscow of funds for its war in Ukraine, according to a senior...

From
Mike Schuler
via
gCaptain
Global Shipping in Crisis: How Vulnerable Maritime Chokepoints Threaten the Global Economy
Vulnerability of supply chains exposed as global maritime chokepoints come under pressure, UNCTAD’s Review of Maritime Transport 2024 report reveals. As global trade rebounds from pandemic-induced slowdowns, the maritime industry now...

From
Mike Schuler
via
gCaptain
Global Marine Insurance Premiums Hit Record $38.9B as Fires and Geopolitics Loom Large
The International Union of Marine Insurance (IUMI) has released its 2024 “Stats Report,” providing a detailed analysis of the global marine insurance market. The report highlights significant growth in marine...

From
Reuters
via
gCaptain
Freight Costs for Russian Oil Soar: What Rising Winter Costs Mean for Moscow’s Revenue
MOSCOW, Oct 22 (Reuters) – Freight rates for tankers exporting oil from Russian ports to Asia have risen this month ahead of winter and are set to climb further after recent Western sanctions hitting more tankers...

From
Mike Schuler
via
gCaptain
Price Cap Coalition Cracks Down on Sanctions-Busting: New Advisory Takes Aim at Russia’s ‘Shadow Fleet’
The Price Cap Coalition has released an updated advisory aimed at curbing illicit practices and enhancing safety in the oil shipping industry. The coalition, comprising G7 nations, the European Union,...

From
Oliver Sloup
via
Barchart
Grain Markets Pause in Tuesday Morning’s Trade
After an impressive start to the week, corn and soybeans have taken a moment to catch their breath. What futures remain the weak link in the early morning trade