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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
Oliver Sloup
via
Barchart
A Choppy End of Month and Quarter for Grain and Livestock Markets
Today marked the end of the quarter, coupled with a USDA report we saw a choppy trade in the markets. Here’s a summary of today’s closing prices and major headlines.
From
Austin Schroeder
via
Barchart
Wheat Closes Higher Post-USDA Release
Wheat futures saw gains across all three exchanges on Monday following some friendlier USDA data. Chicago SRW futures were up 2 ½ to 4 ¾ cents across the board. KC HRW contracts were up 3 to 7 cents on the day. MPLS spring wheat led the rally, with 9 ½...
From
Austin Schroeder
via
Barchart
Soybeans Fall into the Close
Soybeans posted 3 to 8 ¾ cent losses across the board on Monday following slightly higher trade at midday. CmdtyView’s national front month Cash Bean price was down 9 3/4 cents at $9.95 ¾. Soymeal was mixed on the day, with October up 60 cents/ton and other contracts down $2.30...
From
Austin Schroeder
via
Barchart
Corn Sees Strength on Bullish USDA Data
Corn futures closed out the Monday session with nearby contracts up 5 to 6 ¾ cents, and deferred contracts down a penny to 2 ¼ cents higher. The national average Cash Corn price from cmdtyView was up 5 cents at $3.90 3/4 per bu. This morning’s Grain Stocks report showed...
From
Mike Schuler
via
gCaptain
Last-Minute Negotiations Underway as Major U.S. Port Strike Looms
In a last-minute effort to avert a dockworker strike at U.S. East and Gulf Coast ports, the United States Maritime Alliance (USMX) has indicated both sides have traded wage-related offers...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
The Next Couple of Weeks Could Bring Large Price Swings
From
Chris Swift
via
Barchart
Shootin' The Bull About Monday's Trade
Last week's higher cash trade on Friday surprised many traders with mostly $1-2 higher in the south and $2-3 higher in the north. It was on light volume and given the increase in weights and boxes below $300, I think the cash trade needs follow through this week to give any confirmation of a breakout higher.
From
Bloomberg
via
gCaptain
Zombie Tanker Turns Up at Northern Chinese Port Laden With Oil
(Bloomberg) — Singapore-flagged oil tanker EM Longevity made its final voyage almost three years ago, after more than two decades at sea. Earlier this month, ship-tracking data showed it arriving...
From
Bloomberg
via
gCaptain
US Concerned About Russia Supplying Missiles to Yemen’s Houthis
(Bloomberg) — The US is concerned Russia may supply missiles to the Houthis in Yemen, an American official said, a move that could stoke further Middle East unrest by strengthening...