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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
Saudi Arabia Resumes Oil Loadings, Sales From Inside Strait of Hormuz
Saudi Aramco resumed oil loading from inside the Strait of Hormuz last week and has more tankers waiting to load as the state energy giant offers spot heavy crude cargoes, according to shipping data and trade sources.
From
Bloomberg
via
gCaptain
Oil Supertanker Earnings on Mideast Route Near $510,000 a Day
Earnings for a supertanker procuring crude oil from within the Persian Gulf to Asia are nearing a two-month high, as exporters hunt for more vessels to deliver the fuel via the Strait of Hormuz even as the security situation remains uncertain.
From
Mike Schuler
via
gCaptain
Canada’s Most Powerful Icebreaker Reaches North Pole
Canada’s largest and most powerful icebreaker has reached the North Pole as part of a multi-year effort to map the country’s continental shelf and reinforce its presence in the Arctic....
From
Mike Schuler
via
gCaptain
Army Corps Greenlights Major New Container Terminal on Mississippi River
The U.S. Army Corps of Engineers has granted the federal permit needed to build the Louisiana International Terminal, clearing a major regulatory hurdle for the planned deepwater container terminal on...
From
Mike Schuler
via
gCaptain
Antin Acquires Vigor Marine Group as U.S. Shipyard Investment Grows
Antin Infrastructure Partners has completed its acquisition of Vigor Marine Group from an affiliate of Lone Star Funds, bringing one of the largest U.S. ship repair and marine services groups...
From
Bloomberg
via
gCaptain
Trump Rejects Iran Truce Extension as Oil Tops $90
The prospects for peace in the Middle East suffered a fresh setback, with President Donald Trump saying he’s not interested in extending the expiring agreement with Iran and fighting flaring anew in Lebanon.
From
Bloomberg
via
gCaptain
Abu Dhabi Wealth Fund L’imad’s Ports Deal Signals Growing Role
Abu Dhabi wealth fund L’imad Holding is offering to buy out minority shareholders in the city’s port operator valuing the firm at 31.8 billion dirhams ($8.66 billion), potentially bolstering the emirate’s efforts to build out infrastructure that could help it bypass the Strait of Hormuz.
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From
Mike Schuler
via
gCaptain
U.S. Marines Board Iranian Tanker in Gulf of Oman
U.S. Marines boarded and redirected an Iranian-flagged oil tanker in the Gulf of Oman on Tuesday as Washington continued tightening enforcement of its maritime blockade targeting vessels trading with Iran....
From
Mike Schuler
via
gCaptain
WinGD Lands World-First Ethanol Engine Order for Vale Ore Carriers
Swiss engine designer WinGD has secured the maritime industry’s first confirmed order for ethanol-fuelled two-stroke engines powering ocean-going bulk carriers, marking another major milestone in shipping’s race toward alternative fuels. The company...
From
Mike Schuler
via
gCaptain
Hormuz Closure Could Send Oil to $200 and Trigger Global Recession, Wood Mackenzie Warns
A prolonged closure of the Strait of Hormuz could become the most severe global energy supply shock in decades, with oil prices potentially nearing $200 per barrel in a worst-case...
From
Mike Schuler
via
gCaptain
Shipping Industry Issues Stark New Hormuz Transit Guidance as Risks Mount
The global shipping industry has released sweeping new guidance for vessels transiting the Strait of Hormuz, warning that even if the waterway remains technically open, conditions inside the chokepoint may...
From
Mike Schuler
via
gCaptain
UK Opens Door to Diesel and Jet Fuel Made From Russian Crude
The UK government has quietly loosened part of its Russia sanctions regime, issuing a new general trade licence that allows imports and related trade involving diesel and jet fuel refined...
From
Reuters
via
gCaptain
New UAE Pipeline Bypassing Hormuz Now 50% Complete, ADNOC CEO Says
A new crude oil pipeline that bypasses the Strait of Hormuz and which the United Arab Emirates began building last year is now 50% complete, the CEO of state oil giant ADNOC, Sultan Al Jaber, said on Wednesday.
From
Malte Humpert
via
gCaptain
South Korea Selects Operator for First Arctic Container Trial Voyage via Russia’s Northern Sea Route
South Korea has preliminarily selected shipping company Panstar Line to operate the country’s first trial container voyage along Russia’s Northern Sea Route (NSR), marking a significant step in Seoul’s ambitions to expand its role in Arctic shipping and develop alternative trade corridors between Asia and Europe.
From
Bloomberg
via
gCaptain
South Korean, Chinese Supertankers Attempt Strait of Hormuz Exit
A South Korean-flagged supertanker appears to be attempting to transit the Strait of Hormuz, which, if successful, would be the first crossing of such a vessel from the East Asian nation.
From
Mike Schuler
via
gCaptain
HMS Dragon Transits Suez Canal Ahead of Potential Hormuz Security Mission
Royal Navy destroyer HMS Dragon has transited the Suez Canal and entered the Middle East ahead of a potential multinational mission aimed at reopening and securing the Strait of Hormuz,...
From
Mike Schuler
via
gCaptain
Navy Commissions Final Littoral Combat Ship as Controversial Program Comes to an End
The U.S. Navy has commissioned USS Cleveland (LCS 31), officially closing out the Littoral Combat Ship program after more than two decades marked by cost overruns, mechanical failures, and shifting mission...
From
Mike Schuler
via
gCaptain
U.S. Alleges Chinese Shipping Container Giants Rigged Global Supply During COVID Crisis
The U.S. Department of Justice has indicted four of the world’s largest shipping container manufacturers and seven senior executives in what prosecutors describe as a sweeping global conspiracy to restrict...
From
Mike Schuler
via
gCaptain
U.S. Extends Russian Oil Waiver Through June as Oil Markets Tighten
The U.S. Treasury Department has extended its temporary sanctions wind-down authorization for Russian oil cargoes already at sea, issuing a new general license that keeps qualifying shipments flowing through mid-June...