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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
Reuters
via
gCaptain
At Least 27 Killed After Vietnam Tourist Boat Capsizes
HANOI, July 19 (Reuters) – At least 27 people died after a tourist boat capsized in stormy weather in Vietnam’s Halong Bay on Saturday, state media reported. The boat, carrying 53 people, tipped over at around 2...
From
Reuters
via
gCaptain
Chevron Wins Exxon Case But Loses Time, Oil And Billions
By Arunima Kumar July 18 (Reuters) – Exxon Mobil XOM.N has lost its arbitration challenge to block Chevron’s CVX.N $55 billion Hess HES.N acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year,...
From
Bloomberg
via
gCaptain
Iraq Set for Key Oil Cargo Surge in Sign of Increased Output
Iraq will raise shipments of a key crude grade next month, part of an enlarged export program indicating that the OPEC+ nation is boosting its oil production.
From
Reuters
via
gCaptain
Greek Owner of Cocaine-Loaded Vessel Seized in 2023 Denies Charges
ATHENS, July 18 (Reuters) – The Greek former owner of a cargo ship, seized by Spain in 2023 for carrying more than four tons of cocaine along with coffee beans from Latin America to...
From
Mike Schuler
via
gCaptain
Cadeler Bags Long-Term Contract With Vestas as New Jack-Up Vessel Arrives Early
Offshore wind installation specialist Cadeler has taken delivery of its newest jack-up vessel, Wind Keeper, ahead of schedule and simultaneously secured a substantial long-term contract with wind turbine manufacturer Vestas....
From
Reuters
via
gCaptain
EU’s New Russia Sanctions Aim for More Effective Oil Price Cap
The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry.
From
The Loadstar
via
gCaptain
GRIs Fizzle as Transpacific Spot Rates Extend Losing Streak
It was a relatively flat week for pricing on the major deepsea box shipping trades, with a scheduled mid-week general rate increase (GRI) failing to lift container spot rates on the headhaul eastbound transpacific route.
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From
Mike Schuler
via
gCaptain
U.S. Container Imports Set for Historic Decline as New Trump Tariffs Impact Supply Chain
Import cargo volumes at major U.S. container ports are poised to see their first year-over-year decline in more than 18 months, according to the latest Global Port Tracker report from...
From
Mike Schuler
via
gCaptain
UK Targets Russia’s Shadow Fleet in Largest-Ever Maritime Sanctions Package
The UK government announced today its largest-ever sanctions package targeting Russia’s shadow fleet, with measures aimed at up to 100 oil tankers responsible for transporting more than $24 billion worth...
From
Austin Schroeder
via
Barchart
Wheat Looking at Slightly Higher Trade on Friday Morning
Wheat posting fractional to 2 cent gains on Friday AM trade. The wheat complex held the weakness into the Thursday close. Chicago SRW futures were down 5 cents in the front months. Thursday’s Preliminary open interest was up 5,561 contracts. There were another 9 deliveries issued against May CBT wheat...
From
Austin Schroeder
via
Barchart
Corn Bulls Trying to Show Strength at Week-End
Corn futures are trading with 2 to 5 ½ cent gains so far on Friday morning. The corn market pulled off the session lows into the Thursday close, with contracts down 1 to 2 cents at the close. Preliminary open interest was up 26,996 contracts on Thursday. There were another...
From
Austin Schroeder
via
Barchart
Soybeans Sneaking out Gains Early on Friday
The soybean market is showing gains of 2 to 5 1/2 cents on Friday morning. Soybeans saw 3 to 6 cent gains across most contracts on Thursday, fighting off midday pressure. Preliminary open interest was up 5,894 contracts on Thursday, most coming in November. There were another 3 deliveries issued...
From
Reuters
via
gCaptain
As Trade Talks Begin, Chinese Exporters Prepare to Get Goods Moving to US Again
China-based shipping agents have resumed buying container space for goods headed for the United States after a series of U.S. tariff-induced cancellations, as Beijing and Washington head for trade talks in Switzerland.
From
Austin Schroeder
via
Barchart
Soybeans Pop Higher on Thursday
Soybeans saw 3 to 6 cent gains across most contracts on Thursday, fighting off midday pressure. The cmdtyView Cash Bean price was up 6 1/2 cents to $9.94 1/2. Soymeal futures were down 20 to 90 cents/ton, with Soy Oil futures back up 74 to 112 points. A private export...
From
Austin Schroeder
via
Barchart
Wheat Losses Hold on Thursday
The wheat complex held the weakness into the Thursday close. Chicago SRW futures were down 5 cents in the front months. Kansas City HRW futures were 4 to 5 cents in the red on the day. Minneapolis spring wheat futures fell back 2 to 3 cents at the close. The...
From
Austin Schroeder
via
Barchart
Corn Pulls Off Lows at Thursday’s Close
The corn market pulled off the session lows into the Thursday close, with contracts down 1 to 2 cents at the close. The nearby CmdtyView national average Cash Corn price was down 1 3/4 cents at $4.18 3/4. USDA reported private export sales of 205,000 MT to Mexico this morning...
From
Reuters
via
gCaptain
Seafarers Stranded off Yemen Port Eye Exit
ADEN, May 8 (Reuters) – Some 200 seafarers aboard more than 15 ships stuck for weeks off Yemen’s port of Ras Isa are preparing to offload cargoes and leave thanks to a ceasefire deal...
From
Mike Schuler
via
gCaptain
Shipbuilder HD Hyundai Launches Korea’s First Humanoid Robot Project
South Korean shipbuilder HD Hyundai is leading Korea’s first welding humanoid initiative in partnership with two global AI and robotics leaders. HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and...
