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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
Austin Schroeder
via
Barchart
Wheat Showing Steady Trade Ahead of Export Sales Release
The wheat complex is showing fractionally mixed trade so far on Thursday. Wheat futures fell lower into the close on Wednesday. Chicago SRW futures slipped back 1 to 2 cents into the final bell. There were 29 deliveries issued against May CBT wheat overnight. Kansas City HRW futures posted weaker...
From
Austin Schroeder
via
Barchart
Soybeans Stronger to Start Thursday
Soybeans are trading with 5 to 7 cent strength so far on Thursday. The soybean market closed the Wednesday session with mixed trade as front months were down 2 to 5 cents and new crop 2 to 4 cents higher. Preliminary open interest was up 15,161 contracts on Wednesday. There...
From
Austin Schroeder
via
Barchart
Corn Showing Weakness Early on Thursday
The corn market is trading with contracts steady to 2 cents weaker on Thursday morning. Corn futures failed to hold the early gains on Wednesday, closing with contracts down 6 to 7 cents in the nearbys and new crop ½ cent lower. Preliminary open interest was up ,618 contracts, mostly...
From
Malte Humpert
via
gCaptain
Russian ‘Shadow Fleet’ LNG Carriers Find Sanctions Reprieve in Chinese Maintenance Yard
Russia’s LNG shadow fleet continues to make moves in preparation for the upcoming Arctic summer shipping season. A second sanctioned LNG carrier has arrived at an East China shipyard after more than nine months at sea. Sputnik Energy (formerly Pioneer) joins East Energy (formerly Asya Energy) at the Zhoushan-based facility.
From
Bloomberg
via
gCaptain
Maersk Cuts Global Container Market Outlook on Tariff War
A.P. Moller-Maersk A/S, the Danish container giant, lowered its forecast for the global transport market rattled by Donald Trump’s trade war.
From
Reuters
via
gCaptain
Salvage to Begin in Italy This Month for Lynch’s Yacht After Fatal Sinking
The recovery of British tech tycoon Mike Lynch's superyacht from the waters off the coast of northern Sicily is expected to begin within the next two weeks to help shed light on how a supposedly unsinkable vessel disappeared into the sea last August.
From
Mike Schuler
via
gCaptain
U.S. Moves to Designate Six Ships in UN Bid to Expose North Korea Sanctions Evasion
The United States announced plans to nominate multiple vessels for designation over violations of UN sanctions against North Korea, following revelations of extensive maritime sanctions evasion detailed in a new...
From
Austin Schroeder
via
Barchart
Soybeans Post Mixed Action as Nearbys Fail to Hold Early Gains
The soybean market closed the Wednesday session with mixed trade as front months were down 2 to 5 cents and new crop 2 to 4 cents higher. The cmdtyView Cash Bean price was down 1 ¾ cents to $9.87. Soymeal futures were up $1.90 to $2.80/ton, with Soy Oil futures...
From
Austin Schroeder
via
Barchart
Wheat Posts Losses on Wednesday
Wheat futures fell lower into the close on Wednesday. Chicago SRW futures slipped back 1 to 2 cents into the final bell. Kansas City HRW futures posted weaker trade, with 7 to 9 cent losses on the day. Minneapolis spring wheat futures were down 7 to 8 cents at the...
From
Austin Schroeder
via
Barchart
Corn Fail to Hold Early Strength on Wednesday
Corn futures failed to hold the early gains on Wednesday, closing with contracts down 6 to 7 cents in the nearbys and new crop ½ cent lower. The nearby CmdtyView national average Cash Corn price was down 6 cents at $4.19 1/2. EIA data showed a total of 1.02 million...
From
Reuters
via
gCaptain
LNG Industry Warns U.S.-Built Ship Mandate Could Derail Energy Exports
U.S. energy groups are asking President Donald Trump's administration to exempt liquefied natural gas tankers from a new rule that will require producers to move an increasing percentage of their exports on U.S.-built vessels as part of a broader push to revive domestic shipbuilding.
From
Oliver Sloup
via
Barchart
A Quiet Fed Day for Equities, but Bigger Price Swings in Commodities
Fed Day has came and now passed. Outside markets saw little fluctuation while other markets such as corn, gold, and crude saw bigger daily swings.