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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
Reuters
via
gCaptain
Ships Queue at Ports as U.S. Dockworker Strike Enters Third Day
By Doyinsola Oladipo NEW YORK, Oct 3 (Reuters) – Long lines of container ships lined up outside major U.S. ports on Thursday as the biggest dockworker strike in nearly half a century entered its third day,...
From
Austin Schroeder
via
Barchart
Corn Pulling Back Ahead of Export Sales Release
Corn prices are down 2 to 2 ½ cents so far on Thursday morning. Futures closed out the midweek session with contracts up ½ to 3 ½ cents across the board. Spillover support from wheat helped bulls to push things higher. The national average Cash Corn price from cmdtyView was...
From
Austin Schroeder
via
Barchart
Soybean Selling Kicking Off Thursday Trade
Soybeans are trading with 11 to 12 cent losses across the nearbys to start Thursday. They ended the Wednesday session with mixed trade, as front months were steady to 1 ¼ cents lower and deferreds up ½ to 1 ½ cents. CmdtyView’s national front month Cash Bean price was down...
From
Austin Schroeder
via
Barchart
Wheat Pulling Back on Thursday AM
Wheat is slipping lower so far to begin Thursday trade. Futures continued their strength on Wednesday, rallying throughout the session. Chicago SRW futures were up 15 ½ to 17 ¾ cents across the board. KC HRW contracts posted a 18 ½ to 21 cent rally across the front months on...
From
Oliver Sloup
via
Barchart
Grain Markets Catch Their Breath
Watch us on RFD-TV, today at 12:45pm CT!
Corn and wheat futures have had an impressive rally recently while soybeans have struggled to follow along. Markets are catching their breath in the early morning trade, here are a few things we are looking at.
From
Mike Schuler
via
gCaptain
Video: U.S. Navy Destroyers Intercept Iranian Missiles in Defense of Israel
The U.S. Department of Defense has released new footage showing U.S. Navy destroyers engaging Iranian ballistic missiles during yesterday’s attack on Israel. On Tuesday, Iran launched approximately 200 ballistic missiles...
From
Austin Schroeder
via
Barchart
Wheat Rallies Double Digits on Wednesday
Wheat continued their strength on Wednesday, rallying throughout the session. Chicago SRW futures were up 15 ½ to 17 ¾ cents across the board. KC HRW contracts posted a 18 ½ to 21 cent rally across the front months on the day. MPLS spring wheat settled with 9 to 14...
From
Austin Schroeder
via
Barchart
Soybeans Settle Mixed on Wednesday
Soybeans ended the Wednesday session with mixed trade, as front months were steady to 1 ¼ cents lower and deferreds up ½ to 1 ½ cents. CmdtyView’s national front month Cash Bean price was down 1 1/2 cents at $9.93. Soymeal added some pressure to things, as contracts were down...
From
Austin Schroeder
via
Barchart
Corn Extends Strength on Wednesday
Corn futures closed out the midweek session with contracts up ½ to 3 ½ cents across the board. Spillover support from wheat helped bulls to push things higher. The national average Cash Corn price from cmdtyView was up 4 cents at $4.00 1/2 per bu. Weekly Export Sales data is...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
I See Opportunity in The Coming WASDE Report
From
Don Dawson
via
Barchart
Corn Producer Relief Rally Underway – Will Stored Old Crop Corn Finally Be Priced?
Managed money began liquidating their record short positions in mid-July. Prices declined until late August when a potential seasonal low was $3.85. Producers of unpriced stored carry-over corn have patiently waited for this speculative short-covering rally to sell into. Could producers get a more substantial rally than expected and hedge at significantly higher prices? What could that catalyst be?
From
Chris Swift
via
Barchart
Shootin' the Bull About Cattle Strength in Today's Trade
Today's strength in the livestock futures was impressive with fats, feeders and hogs all posting solid gains. The November contract led the way closing up $3.72 @ 248.40. In the fats, the December contract closed up $2.32, retracing the entirety of the August selloff and closing over $14 from the low posted on 8/21.