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
Corn Slipping Lower on Thursday’s Midday
Corn futures are trading with 1 to 2 cent losses across most contracts on Thursday, as traders square up ahead of Friday’s USDA reports. The national average Cash Corn price from cmdtyView is down 1 ¾ cents at $3.86 1/2 per bu. Corn export sales during the week of October...

From
Darin Newsom
via
Barchart
Grain Markets Caught in a Tug-of-War: Fundamentals vs. Investor Sentiment
Grain markets are currently experiencing a stalemate, with mixed signals from both fundamentals and investor sentiment.

From
Mike Schuler
via
gCaptain
Norway Seeks Leading Role in Floating Offshore Wind Technology
Norway’s world-leading test center, METCentre, has signed contracts with three companies to test innovative floating offshore wind technology, hoping to reduce costs and advance the development in the nascent renewables...

From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Livestock Markets - Lower. Grains - Higher. Before the WASDE Report on Friday

From
GCaptain
via
gCaptain
Why Do Some Hurricanes Stall While Others Dissipate?
With Hurricane Milton’s damage less than experts predicted, we must ask why Some Hurricanes Stall While Others Dissipate.by Kimberly Wood (Mississippi State University) A lot can go wrong when hurricanes...

From
Lori Ann LaRocco
via
gCaptain
Shipping’s New Normal: How Red Sea Diversions are Reshaping Global Trade
(gCaptain) – The Red Sea diversions over the last year have shown trade is like water—it will always find a way to flow. The old adage “trade at rest is...

From
Bloomberg
via
gCaptain
Insurance Companies Dodge Bullet With Milton
By Gautam Naik (Bloomberg) After fearing the worst from Hurricane Milton, investors in catastrophe bonds appear to have sustained losses well below those predicted as recently as Wednesday. Estimates that had...

From
Mike Schuler
via
gCaptain
ExxonMobil Secures Largest Offshore CO2 Storage Lease in U.S. History
Exxon Mobil Corporation (NYSE: XOM) has securing the largest offshore carbon dioxide (CO2) storage lease in U.S. history. The Texas General Land Office (GLO) awarded ExxonMobil the lease covering approximately...

From
Oliver Sloup
via
Barchart
A Choppy Grain Trade Ahead of Tomorrow’s WASDE Report
Grain markets have had a two-sided trade through the first half of the week. These are a few things you need to know ahead of tomorrow’s WASDE report.

From
Austin Schroeder
via
Barchart
Wheat Continuing Higher on Thursday AM Trade
The wheat complex is showing higher trade so far on Thursday. Futures posted Wednesday gains across the three markets at the close. Chicago SRW futures were up ½ to 4 ¼ cents on the day. KC HRW contracts saw 3 ½ to 5 cent gains on the session. MPLS spring...

From
Austin Schroeder
via
Barchart
Corn Fractionally Higher on Thursday Morning
Corn prices are showing fractional gains as we trade through the Thursday morning session. Futures closed out the Wednesday session with most contracts within ½ cent of unchanged, as just nearby Dec was up ¼ cent. The national average Cash Corn price from cmdtyView was steady on Wednesday at $3.88...

From
Austin Schroeder
via
Barchart
Soybeans Weaker on Thursday Morning
Soybeans are trading with 2 to 3 cent losses so far on Thursday morning. Beans settled Wednesday with contracts up anywhere from 1 ¼ to 4 cents. CmdtyView’s national front month Cash Bean price was up 4 1/4 cents at $9.57 1/4. Soymeal was down a dime to $1.80/ton on...