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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
Canada’s Davie Sees US Shipyards as Key to Winning Icebreaker Contract
The owner of Canadian firm Davie Shipbuilding said on Wednesday that the key to winning a contract to build icebreakers for the United States is to develop local shipbuilding capacity there.
From
Mike Schuler
via
gCaptain
Davie Shipyard Begins Construction of Canada’s Flagship Polar Max Icebreaker
Davie shipyard has officially commenced construction on Canada’s flagship Polar Max icebreaker, marking a significant milestone in the country’s Arctic capabilities development. The steel cutting ceremony, held today in Lévis,...
From
Reuters
via
gCaptain
Russia Expects India to Keep Buying Its Oil and Seeks China-India-Russia Talks
Russia expects to continue supplying oil to India despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon take place with India and China.
From
Mike Schuler
via
gCaptain
Hurricane Erin Strengthens Near U.S. East Coast, Poses Significant Maritime Threat
Hurricane Erin has intensified to near-major hurricane strength with maximum sustained winds of 110 mph while moving northward through the western Atlantic, the National Hurricane Center reported Wednesday morning. The...
From
Mike Schuler
via
gCaptain
Fire Breaks Out on USS New Orleans Off Okinawa
A U.S. Navy amphibious transport dock ship, USS New Orleans (LPD-18), suffered a fire off the coast of Okinawa, Japan on Wednesday, prompting a coordinated international response from both U.S....
From
Mike Schuler
via
gCaptain
External Firefighters Join Marie Maersk Crew in Battle Against Container Fire Off West Africa
External firefighter crews have joined the Marie Maersk’s crew in actively combating a fire that broke out aboard the vessel one week ago, according to the latest update released today....
From
Bloomberg
via
gCaptain
India’s Nayara Turns to Dark Fleet and Russian Oil for Survival
One month after being hit by European Union sanctions, India’s Nayara Energy Ltd. is relying on a growing pool of dark-fleet tankers to transport its products, and a narrowing menu of crude imports to keep its operations running.
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From
Austin Schroeder
via
Barchart
Corn Gains Extending to Wednesday Morning
The corn market is trading with contracts 2 to 4 cents higher early on Wednesday. Futures were helped by a stronger wheat complex on Tuesday, as contracts closed with 6 to 7 cent nearby gains. Tuesday’s preliminary open interest was up 5,703 contracts. The front month CmdtyView national average Cash...
From
Austin Schroeder
via
Barchart
Soybeans Pushing Higher on Wednesday AM Trade
The bean market is trading with contracts 8 to 9 cents in the green. Soybeans saw higher trade at Tuesday’s close, with contracts up 2 to 4 cents across most front months. The cmdtyView Cash Bean price was up 2 ¼ cents to $10.03 1/2. Soymeal futures were up 70...
From
Malte Humpert
via
gCaptain
EU Sanctions Three MOL Gas Carriers Associated With Russia’s Yamal LNG
In a surprise move the EU significantly tightened its sanctions against Russia’s liquefied natural gas sector. Brussels’ 17th sanctions package announced yesterday includes three newbuild LNG carriers managed by Japanese Mitsui OSK Lines Ltd. (MOL) under charter with Russian energy projects.
From
Bloomberg
via
gCaptain
China-US Trade Soars as Exporters Race to Hit Trade Truce Window
A temporary trade truce between the world’s two largest economies has sparked a knee-jerk bounce across China’s ports and factory floors. In the week beginning May 12, when the US and China agreed to sharply reduce tariffs for 90 days, bookings on freighters headed from China to US shores more than doubled from the prior week to about 228,000 TEUs, or twenty-foot equivalent units, data from container-tracking platform Vizion and data provider Dun & Bradstreet shows.
From
Reuters
via
gCaptain
Poland Says Russian Ship Performed ‘Suspicious Maneuvers’ Near Cable to Sweden
A Russian ship from the "shadow fleet" covered by sanctions performed suspicious maneuvers near a power cable connecting Poland with Sweden, Polish Prime Minister Donald Tusk said in a post on X on Wednesday.
From
Austin Schroeder
via
Barchart
Soybeans Close with Gains on Tuesday
Soybeans saw higher trade at Tuesday’s close, with contracts up 2 to 4 cents across most front months. The cmdtyView Cash Bean price was up 2 ¼ cents to $10.03 1/2. Soymeal futures were up 70 cents to $1.50/ton on the day, with Soy Oil futures closing up 6 to...
From
Austin Schroeder
via
Barchart
Corn Rallies into Tuesday’s Close
Corn futures were helped by a stronger wheat complex on Tuesday, as contracts closed with 6 to 7 cent nearby gains. The front month CmdtyView national average Cash Corn price was up 7 1/4 cents at $4.27. EIA will release their weekly ethanol production update on Wednesday, with the trade...
From
Austin Schroeder
via
Barchart
Wheat Post Double Digit Strength on Tuesday, Likely Spurred by Short Covering
The wheat complex posted a fresh round of buying on Tuesday, with double digit gains across all three exchanges. Chicago SRW futures were up 16 to 17 cents on the session. Kansas City HRW contracts closed with 13 to 14 cent gains. Minneapolis spring wheat futures were 11 to 13...
From
Mike Schuler
via
gCaptain
Report: Hanwha Plans Major Investment in Philly Shipyard, Sets Sights on LNG Carriers
South Korean conglomerate Hanwha Group is reportedly planning a major investment for improvements at its recently acquired Philly Shipyard, with plans to produce the U.S.-built LNG carriers. According to Korean...
From
Walsh Trading
via
Barchart
Chart of the Day - July Wheat
Wheat seems to be leading the Grains higher