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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
Darren Carlat
via
Barchart
Soybean Oil calendar spread, and a Brent Crude calendar spread
Soybean Oil has been riding the downward channel to lower levels. Despite the continued move down in price, hedge funds have the largest net longs for the past 52 weeks. Hedge funds have an estimated 29,346 net long contracts as of the Friday close. That is over 67,000 contracts above the average net short position of (37,657) and over 122,000 above the lowest level of the past year.
From
Brady Sidwell
via
Barchart
Grains fail to hold strength while equity and cattle contracts pop
17 days until US Presidential Election
From
John Konrad
via
gCaptain
Are Ships Obsolete in an Age of Drones and Missiles? Admiral Stavridis Says NO
by John Konrad (gCaptain) In Admiral James Stavridis’s recent hard hitting Washington Post OpEd, he reminds us that warfare often defies easy narratives, and his analysis of the state of...
From
John Konrad
via
gCaptain
As Tensions Soar, Iran and Russia Launch Naval Drills in a High-Stakes Triangle of Maritime Coercion
Iran has launched naval drills in the Indian Ocean, hosting Russia and Oman amid heightened tensions in the Gulf region. The maneuvers, dubbed “IMEX 2024,” began today with nine other...
From
Nick Ehrenberg
via
Barchart
Soybean Meal Holds a 78.6% Fibonacci Level, Grains Overview
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Soybeans Close Near Yesterday's Lows - Cattle Markets settled Higher, But Looked Weak
From
Ben DiCostanzo
via
Barchart
Hogs Drift While Cattle Markets Bounce Back
Hogs consolidate, Cattle markets end week on a positive note
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Soybeans Close Near Yesterday's Lows - Cattle Markets settled Higher, But Looked Weak
From
Austin Schroeder
via
Barchart
Wheat in Freefall Mode Ahead of the Weekend
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 were 11 3/4 to 15 1/4 cents lower on the session, with...
From
Austin Schroeder
via
Barchart
Corn Slips Lower on Friday with Spillover Pressure
Corn 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 at $3.73 1/4 per bu. USDA reported a private export...
From
Austin Schroeder
via
Barchart
Soybeans Collapse into the Friday Close
Soybeans 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 month Cash Bean price was down 17 ¾ cents at $9.12 1/4. Soymeal futures...
