Shipping Industry News

Oil gained the most since October as traders weighed whether talks between the US and Iran will be enough to avert conflict, following a report that American military intervention could come sooner than expected.

I believe wave 5 of 5 of the B wave is complete or near so enough to warrant these recommendations.

Seaspan Shipyards has awarded a $1.5 million contract to Alberta-based Confined Space Robotics to develop semiautonomous systems for blast and paint operations, marking a significant push toward automation in one of shipbuilding’s most hazardous and labor-intensive processes.

U.S. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through trading houses and U.S. oil major Chevron CVX.N, according to sources familiar with the efforts.

The wheat complex is in bounce back mode on Wednesday. Chicago SRW futures are trading 5 to 7 ½ cents higher on Wednesday. KC HRW futures are posting 7 to 8 cent midday gains. MPLS spring wheat is showing 2 to 3 cent gains at midday. The annual Ag Outlook...

Soybeans are falling back from early Wednesday gains, as contracts are down 3 to 4 so far. The cmdtyView national average Cash Bean price is down 4 cents at $10.64 1/2. Soymeal futures are down $2 to 3.10 in the front months, with Soy Oil futures 114 points higher. Strength...

Corn futures are steady to fractionally higher so far on Wednesday. The CmdtyView national average Cash Corn price is steady at $3.93. USDA's armchair estimate for the US corn balance sheet will be released at Thursday’s Ag Outlook Forum. Ahead of the release, a Bloomberg survey of analysts is calling...

Sallaum Lines has taken delivery of two new LNG dual-fuel Pure Car and Truck Carriers, marking a significant expansion of the company’s Ocean Class fleet as it advances its environmental...

A fire in the engine room of the Singapore-registered bulk carrier MANDY has resulted in the deaths of two crew members and left a third hospitalized following an incident off the coast of China.

Tension in one of the world’s most critical maritime chokepoints spiked this week after Iran temporarily restricted parts of the Strait of Hormuz during live-fire military exercises, a move that underscored how quickly geopolitics can ripple through global shipping markets even without a full blockade.

Exports from the Port of Los Angeles fell 8% in January to the lowest level in nearly three years as Trump's tariffs devastated trade with China. Soybean shipments to China dropped 80% as retaliatory duties hammer U.S. farmers.

Grain markets have been able to gain some ground in the overnight and early morning trade. Can the strength hold or will sellers take advantage it?