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
U.K. Sanctions 135 Tankers in Sweeping Crackdown on Russia’s Shadow Fleet
The United Kingdom has imposed sanctions on 137 targets linked to Russia’s energy sector, including 135 oil tankers operating as part of Putin’s shadow fleet, in one of its most...

From
Reuters
via
gCaptain
Israeli Military Strike’s Houthi Targets in Yemen’s Hodeidah Port
The Israeli military attacked Houthi targets in Yemen's Hodeidah port on Monday in its latest assault on the Iran-backed militants, who have been striking ships bound for Israel and launching missiles against it.

From
Bloomberg
via
gCaptain
Europe’s Sanctions on Russian Diesel Won’t Hit Until January
The European Union said a new set of measures aimed at restricting the flow of fuel made from Russian crude won’t take effect until January, easing some concerns that they would tighten a diesel market in the region that’s already soaring.

From
Mike Schuler
via
gCaptain
Trump Administration Announces $8.75 Million in Small Shipyard Grants, Continuing Funding Decline
The U.S. Maritime Administration (MARAD) has awarded $8.75 million in grants to support 17 small shipyards across 12 states, Transportation Secretary Sean P. Duffy announced today. The funding, part of...

From
Mike Schuler
via
gCaptain
Japanese Shipping Giants to Donate Large Training Ship to Japan’s Maritime Education Agency
Major Japanese shipping companies have initiated discussions to donate a large-sized training vessel to the Japan Agency of Maritime Education and Training for Seafarers (JMETS), addressing critical challenges in maritime...

From
Mike Schuler
via
gCaptain
Bibby Marine Lays Keel for Groundbreaking Hybrid Methanol-Electric Vessel in Spain
Bibby Marine has marked a significant milestone with the keel laying ceremony for its first e-CSOV (commissioning service operation vessel) at Armon Shipyard in Vigo, Spain. The hybrid vessel, the...

From
Malte Humpert
via
gCaptain
EU Delists Three Sanctioned MOL LNG Carriers After Assurances Vessels Will Not Carry Russian Arctic Gas
In what appears to be a first, the European Union has delisted three previously sanctioned Mitsui O.S.K. Lines (MOL) LNG carriers. The move comes as part of the EU’s 18th package of economic sanctions against Russia, which imposed measures against 105 additional shadow fleet vessels.
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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.

From
Mike Schuler
via
gCaptain
Wärtsilä Launches ‘Game-Changing’ Maritime Carbon Capture System
Technology group Wärtsilä is claiming a major breakthrough with the unveiling of its commercial shipboard carbon capture solution (CCS) for the maritime industry. According to the company, the system has...

From
Chris Swift
via
Barchart
Shootin' the Bull about holding ones breath
The industry appears to be collectively holding their breath for what may come next. Futures traders appear nervous, even with the positive basis.

From
Reuters
via
gCaptain
Orsted Cancels Major UK Wind Project as Economics Worsen
COPENHAGEN, May 7 (Reuters) – Orsted will no longer build a major offshore wind farm in Britain, it said on Wednesday, citing a deteriorating global business environment for renewables and dealing a blow...

From
Austin Schroeder
via
Barchart
Wheat Falling at Midday
Wheat futures are facing midday weakness on Wednesday. Chicago SRW futures are down fractionally in the nearbys. There were 209 deliveries against May CBT wheat overnight, with 196 coming from a Marex customer. Kansas City HRW futures are down 7 to 8 cents are midday. Minneapolis spring wheat futures are...