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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
Bloomberg
via
gCaptain
NATO Weighing Hormuz Mission If Strait Crisis Drags Into Summer
NATO is discussing the possibility of helping ships pass through the blocked Strait of Hormuz if the waterway isn’t reopened by early July, according to a senior official in the military alliance.
From
Mike Schuler
via
gCaptain
U.S. Probes Claims Chinese Firms Restricted Container Production Before COVID, CBS Says
Federal investigators are probing whether Chinese container manufacturing giants deliberately throttled global shipping container production just before the COVID-19 pandemic, according to a CBS News report that could reignite concerns...
From
Bloomberg
via
gCaptain
Trump Says Iran Strike Called Off After Gulf Allies Appealed
(Bloomberg) — US President Donald Trump said he held off on a new bombardment of Iran planned for Tuesday at the request of Saudi Arabia and other Persian Gulf allies,...
From
Paul Morgan
via
gCaptain
Not All Bunkers Are Equal, And Neither Are the Additives
The demulsifier that resolves a distillate water-in-fuel emulsion cleanly and quickly may have no appreciable effect on an HFO emulsion stabilised by viscoelastic asphaltene-resin film! In recent years the maritime...
From
Mike Schuler
via
gCaptain
Georgia Ports Container Volumes Slip as Savannah Expansion Push Continues
Georgia Ports Authority reported a 2.5% decline in container volumes through April as softer market conditions and last year’s tariff-driven front-loading weighed on comparisons. The Port of Savannah handled approximately...
From
Mike Schuler
via
gCaptain
U.S. Targets 19 Tankers, Shadow Banks in Major New Iran Sanctions Crackdown
The Trump administration on Tuesday unveiled one of its broadest sanctions actions yet under its “Economic Fury” campaign, targeting more than 50 companies, individuals, and vessels tied to Iran’s shadow...
From
Reuters
via
gCaptain
US Imposes Fresh Sanctions on Iranian Exchange House, Shadow Fleet Vessels
The Trump administration on Tuesday imposed sanctions on an Iranian foreign currency exchange house and what it said were front companies overseeing transactions on behalf of Iranian banks as the U.S. maintains pressure on Tehran.
From
Bloomberg
via
gCaptain
Hedge Fund Beats Peers With Bets on Oil Tankers While Cutting AI
A Hong Kong hedge fund that outperformed peers says shipping stocks are a better trade than artificial intelligence, given the risks of tech companies overspending.
From
Mike Schuler
via
gCaptain
U.S. Coast Guard’s Newest Icebreaker Returns From Arctic Patrol as U.S. Expands Polar Fleet
The U.S. Coast Guard’s newest polar icebreaker has returned to Seattle after a 36-day deployment to the Bering Sea, marking an early operational test for a cutter expected to play...
From
Mike Schuler
via
gCaptain
Massive Atlantic ‘Cocaine Highway’ Busted in European Maritime Drug Operation
European law enforcement agencies say they have disrupted a major transatlantic narcotics corridor known as the “Cocaine Highway,” seizing 11 tonnes of cocaine and 8.5 tonnes of hashish during a...
From
Reuters
via
gCaptain
The Strait of Hormuz Crisis Is Cracking the Petrodollar System
The U.S. dollar-dominated global oil trading system is being tested by the Iran war and the closure of the Strait of Hormuz, as governments in major consuming nations turn to increasingly opaque deals with Tehran and Gulf producers to secure supplies.
From
gCaptain
via
gCaptain
The Great Battleship Debate: gCaptain’s Konrad Takes On AEI’s Zack Cooper
The U.S. Navy has not commissioned a battleship since 1944. Donald Trump now wants as many as 25. The first, USS Defiant, will displace more than 35,000 tons, carry hypersonics,...