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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
Chris Swift
via
Barchart
Shootin' the Bull about further rationing.
The rationing is believed starting to make a small impact with comments heard this week.
From
Mike Schuler
via
gCaptain
Descartes: U.S. Container Imports Surge in April as Tariff Impact Looms
U.S. container imports remained resilient in April 2025, with volumes reaching 2.4 million TEUs, marking a 1.2% increase from March and a significant 9.1% rise year-over-year. The growth comes amid...
From
Oliver Sloup
via
Barchart
Trade Headlines Boost Stocks and Punish Gold
Positive trade headlines spurred additional momentum in the equity markets, putting pressure on gold. Corn futures continued to retreat, feeder cattle made another round of new contract highs, and oil prices triggered technical alerts.
From
Austin Schroeder
via
Barchart
Corn Failing to Buy Bullish Export Business
The corn market is facing a weaker Thursday trade, even as a multi month high in export business was reported this morning. Contracts are down 3 to 5 cents at midday. There were 18 deliveries issued against May futures overnight. The nearby CmdtyView national average Cash Corn price was down...
From
Austin Schroeder
via
Barchart
Wheat Falling Lower on Thursday
The wheat complex is trading with contracts on the lower side of unchanged at midday. Chicago SRW futures are down 5 to 6 cents in the front months. There were 29 deliveries issued against May CBT wheat overnight. Kansas City HRW futures are also 5 to 6 cents in the...
From
Austin Schroeder
via
Barchart
Soybeans Back to Mixed Midday Action
Soybeans are posting mixed trade so far on Thursday, with front months firm to 2 cents higher and new crop November down ½ cent. There were 3 deliveries issued against May soybeans overnight. The cmdtyView Cash Bean price is up ¾ cents to $9.88. Soymeal futures are down 80 cents/ton,...
From
Mike Schuler
via
gCaptain
Google and Shell Partner to Extend Life of Netherlands’ First Offshore Wind Farm
Tech giant Google has signed a power purchase agreement (PPA) with Shell to extend the operational life of the Netherlands’ first offshore wind farm. The historic agreement marks the first...
From
Mike Schuler
via
gCaptain
Pentagon Inspector General Reports Major Challenges in Gaza Pier Operation
The Department of Defense Office of Inspector General (DoD OIG) has released a critical evaluation of the military’s Joint Logistics Over-the-Shore (JLOTS) operations, highlighting significant challenges during last year’s Operation...
From
Mike Schuler
via
gCaptain
U.S. Sanctions Chinese Port Operators, Teapot Refinery Over Iranian Oil Shipments
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced today a significant expansion of sanctions targeting Iran’s oil export operations, marking its first action against terminal...
From
Mike Schuler
via
gCaptain
Maersk Posts Strong Q1 Results as Red Sea Uncertainty Looms Over 2025 Outlook
Danish logistics conglomerate A.P. Moller-Maersk (Maersk) reported a significant improvement in its first-quarter 2025 performance, with revenue growing 7.8% to USD 13.3 billion and EBIT surging to USD 1.3 billion...
From
Mike Schuler
via
gCaptain
Red Sea Ceasefire Deal Sparks Concerns Over Potential Freight Rate Collapse
A recent ceasefire agreement between the U.S. and Yemen’s Houthi militia has raised questions about the potential impact on global shipping rates, with industry experts warning of possible more market...
From
Jim Wyckoff
via
Barchart
Corn Bulls Have a Weather-Market Wild Card. How to Trade It.
Consider buying a call option on July corn futures.