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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
Austin Schroeder
via
Barchart
Soybeans Close Weaker on Thursday
Soybeans rounded out the Thursday session with contracts down 4 to 6 cents. CmdtyView’s national front month Cash Bean price is down 5 1/4 cents at $9.52. Soymeal was down $2.50 to $5.10/ton so far on the day. Soy Oil futures were up 58 to 70 points on the session....
From
Mike Schuler
via
gCaptain
Watch: Saildrone Intercepts Hurricane Milton at Sea
As Hurricane Milton barreled towards Florida as a Category 3 storm, uncrewed Saildrone surface vehicles were already on the front lines, capturing crucial data near the storm’s core. On Wednesday,...
From
Bloomberg
via
gCaptain
Russian Sanctions Fail To Curb Blacklisted Oil Tankers
By Julian Lee (Bloomberg) Moscow’s use of the tankers sanctioned for their involvement in the Russian oil trade is accelerating, with close to one-third of the blacklisted vessels back at work....
From
Bloomberg
via
gCaptain
Russian Attacks Spark Surge in War Insurance for Ukraine Grain Ships
By Áine Quinn and Alex Longley (Bloomberg) — The cost of insuring vessels that transit Ukraine’s shipping corridor in the Black Sea jumped this week after Russia ramped up attacks on...
From
Mike Schuler
via
gCaptain
New Zealand Defence Force Launches Formal Inquiry into ‘Manawanui’ Sinking, VDR Recovered
The New Zealand Defence Force (NZDF) has initiated a comprehensive Court of Inquiry (COI) to investigate the sinking of HMNZS Manawanui, a dive and hydrographic ship that struck a reef...
From
Mike Schuler
via
gCaptain
Houthis Strike Tanker ‘Olympic Spirit’ in Red Sea
CAIRO, Oct 10 (Reuters) – A Liberia-flagged tanker was struck twice with missiles and drones in the Red Sea on Thursday morning, in an attack claimed by Iran-aligned Houthi militants. The Olympic Spirit...
From
Chris Swift
via
Barchart
Shootin' the Bull about increasing fuel prices
Energy is sharply higher. I expect energy to continue to trade sharply higher as the US poor energy policy won't increase production and now massive destruction to clean up will increase demand for energy. Throw in all of the turmoil from the middle east and it appears the energy market is reversing higher. I recommend you do something to help mitigate the potential for a significant move higher in energy prices.
From
Oliver Sloup
via
Barchart
Grain Markets Mixed Ahead of Friday’s WASDE Report
Grain markets were mixed in Thursday’s trade as market participants away new news from the USDA.
From
Mike Schuler
via
gCaptain
Hyundai Heavy Industries Claims Zero-Carbon Ammonia Dual-Fuel Engine Breakthrough
South Korean shipbuilder HD Hyundai Heavy Industries has achieved a significant milestone in eco-friendly shipbuilding with the development of the world’s first zero-carbon ammonia dual-fuel (DF) engine. The groundbreaking engine...
From
Reuters
via
gCaptain
Russian Strikes on Ukraine’s Ports and Ships Push Insurance Rates Up
KYIV/LONDON, Oct 10 (Reuters) – A series of Russian missile strikes on Ukrainian Black Sea port infrastructure and commercial vessels has led to a jump in insurance costs and forced some shipowners to cancel...
From
Austin Schroeder
via
Barchart
Soybeans Showing Weakness on Thursday
Soybeans are trading 1 to 3 cents lower so far on Thursday at midday. CmdtyView’s national front month Cash Bean price is down 2 3/4 cents at $9.55 3/4. Soymeal is down $4.80/ton so far on the day. Soy Oil futures are up 89 points on the session. Export Sales...
From
Austin Schroeder
via
Barchart
Wheat Extending Gains on Thursday
The wheat complex is showing higher trade at midday on Thursday. Chicago SRW futures are up 5 to 6 cents on the day. KC HRW contracts are trading with 4 to 5 cent gains on the session. MPLS spring wheat is 2 to 3 cents higher at midday. This morning’s...