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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
Bloomberg
via
gCaptain
Belgium Quietly Resumes Controversial Russian LNG Transfers as 2025 Ban Looms
(Bloomberg) — Belgium is resuming transshipments of Russian liquefied natural gas destined for Asia after a summer lull — a practice that’s been used for years but has become more...
From
Mike Schuler
via
gCaptain
Fourth Time’s the Charm: Red Sea Chaos and Soaring Demand Push Maersk’s Profits Higher
A.P. Moller – Maersk A/S (Maersk) has raised its full-year financial guidance for 2024, marking the fourth upward revision this year as strong demand and ongoing disruptions in the Red...
From
Mike Schuler
via
gCaptain
Shell Scrambles After Major Oil Leak in Singapore Waters
Shell has confirmed an oil leak from a pipeline at its Shell Energy and Chemicals Park Singapore on Pulau Bukom island, with approximately 30-40 metric tonnes of slop–a mixture of...
From
Darren Carlat
via
Barchart
Corn, Kansas Wheat, and Soybean Oil are at their highest hedge fund position estimate for the past 52 weeks.
Despite these heavy purchases, each of these markets have continued to drift lower. When hedge funds begin to close out these new longs, each of these markets will be under significant pressure.
From
Oliver Sloup
via
Barchart
A Flurry of Flash Sales Help Support Grain Futures Prices
Grain futures had a rough end to last week’s trade, but a flurry of flash sales for corn and beans have helped markets find their footing to start the week.
From
Mike Schuler
via
gCaptain
Engine Room Fire on Tanker MED ATLANTIC in Singapore Waters
The Maritime and Port Authority of Singapore (MPA) responded to an engine room fire onboard the Malta-flagged tanker MED ATLANTIC in the East Johor Strait, within Singapore waters, on Monday. The vessel,...
From
Malte Humpert
via
gCaptain
U.S. Arctic Presence Falters as Nome Deepwater Port Solicitation Canceled
By Malte Humpert (gCaptain) – Efforts to expand U.S. Arctic capabilities face another setback. The long-discussed expansion of the port of Nome to create the country’s first Arctic deep-water port...
From
Oliver Sloup
via
Barchart
Grain Markets Hold Ground
Despite a weaker trade into the weekend, grain markets have found their footing in the early morning trade. These are the levels to keep an eye on through the week.
From
Austin Schroeder
via
Barchart
Wheat Getting Monday AM Pop
Wheat is edging slightly higher across the three main markets on Monday. The wheat complex is fell to weakness on Friday across all three exchanges. Chicago SRW futures were down 10 ¾ to 17 cents on the day, with December losing 26 ¼ cents on the week. KC HRW contracts...
From
Austin Schroeder
via
Barchart
Corn Sneaking Higher to Kick Off Monday
Corn prices are posing slight fractional gains so far on Monday. Futures closed out the Friday session with contracts down fractionally to 2 ½ cents across the board. December was down 11 cents (2.65%) on the week. The national average Cash Corn price from cmdtyView was down 1 1/2 cents...
From
Austin Schroeder
via
Barchart
Soybeans Bulls Pushing Back to Start Monday
Soybeans are trading with Monday AM gains of 2 to 4 cents so far. They posted losses of 7 ¾ to 18 ¾ cents across the board on Friday, as futures closed near the lows of the session. November lost 35 ½ cents on the week (3.53%). CmdtyView’s national front...