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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
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
Mike Schuler
via
gCaptain
California Governor Vetoes Maritime Safety Bill, Sparking Industry Concern
California Governor Gavin Newsom has vetoed Assembly Bill 1122, a piece of legislation aimed at enhancing maritime safety and port efficiency in the state. The bill, which passed almost unanimously...
From
Austin Schroeder
via
Barchart
Corn Sliding into Weekend after Early Week Pop
Corn futures are falling on Friday, after bulls gained ground in the first half of the week. Contracts are down 3 to 4 cents in the nearbys at midday. Additional pressure is coming via a weaker wheat market and a stronger US dollar index. The national average Cash Corn price...
From
Austin Schroeder
via
Barchart
Soybeans Lower at Friday’s Midday
Soybeans are trading with midday losses of 5 to 6 cents so far on Friday. CmdtyView’s national front month Cash Bean price is down 5 3/4 cents at $9.77 1/4. Soymeal is down 80 cents to $2.20/ton across the nearby contracts. Soy Oil futures are down 48 points on the...
From
Austin Schroeder
via
Barchart
Wheat Extending Pullback on Friday
After a higher start to the week, wheat futures are fading off on the Friday session with losses across the three markets. Chicago SRW futures are down 14 to 15 cents across front months. KC HRW contracts are 13 to 14 cents lower on the day. MPLS spring wheat is...
From
Malte Humpert
via
gCaptain
Early Winter Ice Halts Arctic Shipping Traffic Weeks Ahead of Schedule
By Malte Humpert (gCaptain) – The summer shipping window on Russia’s Northern Sea Route is coming to a rapid close weeks ahead of schedule. A number of vessels and convoys...
From
Andrew Hecht
via
Barchart
Grains Recover in Q3- What are the Prospects for Q4 and Beyond?
The grain sector of the commodities market recovered in Q3 but remains the worst-performing sector of the commodities market over the first nine months of 2024. Grain prices have moved substantially lower from the 2022 high, and the recent price action could be a sign of significant bottoms.
From
Reuters
via
gCaptain
US Port Strike Throws Spotlight on Big Union Foe: Automation
NEW YORK, Oct 4 (Reuters) – A strike by dockworkers on the U.S. East Coast and Gulf Coast that disrupted much of the nation’s ocean shipping this week ended on Thursday, but a key issue...
From
Reuters
via
gCaptain
U.S. Port Strike Leaves Cargo Backlog in Its Wake
Oct 4 (Reuters) – U.S. East Coast and Gulf Coast ports were reopened on Friday after dockworkers and port operators reached a wage deal to settle the industry’s biggest work stoppage in nearly half a...
From
Bloomberg
via
gCaptain
Global Shipping Stocks Sink After US Dockworkers Pause Strike
(Bloomberg) — Shipping stocks slumped worldwide after a strike by US dockworkers was suspended after only three days, spurring predictions of a decline in the price of transporting goods by...
From
Bloomberg
via
gCaptain
Mideast’s Rising War Risk Puts Spotlight on Iran’s Quiet Oil Comeback
(Bloomberg) — Iran’s oil production has defied years of US sanctions to return to almost full capacity — a tide of supply that looks increasingly vulnerable as tensions with Israel...
From
Mike Schuler
via
gCaptain
AUKUS Navies Demonstrate Unmanned Vessels Across 10,000 Miles in NATO Exercise
The Royal Navy and its AUKUS partners successfully controlled uncrewed vessels in Australia from a command center in Portugal, spanning a distance of over 10,000 miles. The demonstration marks a...
From
Oliver Sloup
via
Barchart
Corn and Wheat Continue to Retreat
A role reversal this morning with corn and wheat lower and beans trading into positive territory. These are the levels to keep an eye on in the final trading day of the week.