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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
Saudi Arabia Resumes Oil Loadings, Sales From Inside Strait of Hormuz
Saudi Aramco resumed oil loading from inside the Strait of Hormuz last week and has more tankers waiting to load as the state energy giant offers spot heavy crude cargoes, according to shipping data and trade sources.
From
Bloomberg
via
gCaptain
Oil Supertanker Earnings on Mideast Route Near $510,000 a Day
Earnings for a supertanker procuring crude oil from within the Persian Gulf to Asia are nearing a two-month high, as exporters hunt for more vessels to deliver the fuel via the Strait of Hormuz even as the security situation remains uncertain.
From
Mike Schuler
via
gCaptain
Canada’s Most Powerful Icebreaker Reaches North Pole
Canada’s largest and most powerful icebreaker has reached the North Pole as part of a multi-year effort to map the country’s continental shelf and reinforce its presence in the Arctic....
From
Mike Schuler
via
gCaptain
Army Corps Greenlights Major New Container Terminal on Mississippi River
The U.S. Army Corps of Engineers has granted the federal permit needed to build the Louisiana International Terminal, clearing a major regulatory hurdle for the planned deepwater container terminal on...
From
Mike Schuler
via
gCaptain
Antin Acquires Vigor Marine Group as U.S. Shipyard Investment Grows
Antin Infrastructure Partners has completed its acquisition of Vigor Marine Group from an affiliate of Lone Star Funds, bringing one of the largest U.S. ship repair and marine services groups...
From
Bloomberg
via
gCaptain
Trump Rejects Iran Truce Extension as Oil Tops $90
The prospects for peace in the Middle East suffered a fresh setback, with President Donald Trump saying he’s not interested in extending the expiring agreement with Iran and fighting flaring anew in Lebanon.
From
Bloomberg
via
gCaptain
Abu Dhabi Wealth Fund L’imad’s Ports Deal Signals Growing Role
Abu Dhabi wealth fund L’imad Holding is offering to buy out minority shareholders in the city’s port operator valuing the firm at 31.8 billion dirhams ($8.66 billion), potentially bolstering the emirate’s efforts to build out infrastructure that could help it bypass the Strait of Hormuz.
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From
Bloomberg
via
gCaptain
Iran Launches Bitcoin-Based Insurance Scheme for Ships Crossing Hormuz
Iran has started a Bitcoin-backed insurance service for Iranian shipping companies that want to transit the Strait of Hormuz, the semi-official Fars news agency reported, citing documents obtained from the country’s Ministry of Economy and Financial Affairs.
From
Mike Schuler
via
gCaptain
Treasury Extends Russian Oil Waiver as Hormuz Crisis Tightens Global Supplies
U.S. Treasury Secretary Scott Bessent announced Monday that the Treasury Department is issuing a temporary 30-day general license allowing “the most vulnerable nations” to access Russian oil cargoes currently stranded at sea,...
From
Mike Schuler
via
gCaptain
Iran Launches Official ‘Persian Gulf Strait Authority’ Account, Declares Unauthorized Hormuz Transit ‘Illegal’
The Iranian-backed Persian Gulf Strait Authority (PGSA) has officially launched a public presence on X, marking the clearest effort yet by Tehran to formalize and publicize its emerging control regime...
From
Mike Schuler
via
gCaptain
Norway Joins EU Baltic Sea Strategy as Full Member Amid Regional Security Push
Norway has officially become a full member of the European Union Strategy for the Baltic Sea Region (EUSBSR), marking a significant expansion of regional cooperation as Europe sharpens its focus...
From
Mike Schuler
via
gCaptain
Boskalis Orders Massive New Cable Layer for Offshore Energy Projects
Dutch offshore contractor Royal Boskalis Westminster N.V. is betting big on the future of subsea power infrastructure, announcing plans to build a massive new 24,000-ton Cable Lay Vessel (CLV) designed to support...
From
Mike Schuler
via
gCaptain
Global Oil Inventories Are Collapsing at Record Pace, IEA Warns
The International Energy Agency says the ongoing Strait of Hormuz crisis is triggering one of the most severe oil market disruptions in modern history, with global oil demand now expected...
From
Reuters
via
gCaptain
Military Jets’ Crew Members Safely Ejected after Idaho Air Show Collision, Navy Says
Four crew members involved in a mid-air collision of military jets at an air show ejected safely on Sunday outside Mountain Home Air Force Base in Idaho, the U.S. Navy said.
From
Bloomberg
via
gCaptain
Russia Expands LNG Dark Fleet With Four Tankers to Boost Exports
Four liquefied natural gas tankers that until recently serviced Oman’s export plant are beginning to load fuel from a US-sanctioned Russian project, the latest sign of Moscow’s efforts to boost shipments and skirt Western restrictions.
From
Reuters
via
gCaptain
Shippers Hapag-Lloyd, CMA CGM Suspend Cuba Bookings After US Executive Order
By Gus Trompiz, Christoph Steitz and Dave Sherwood PARIS/FRANKFURT/HAVANA, May 17 (Reuters) – Shipping giants CMA CGM and Hapag-Lloyd HLAG.DE said on Sunday they had suspended all bookings to and from Cuba until further notice, with both citing a...
From
Bloomberg
via
gCaptain
Vietnam-Bound Supertanker Halted By US Navy Resumes Journey
By Weilun Soon May 16 (Bloomberg) –A Vietnam-bound supertanker carrying 2 million barrels of Iraqi crude, which was halted by US forces days ago after crossing the Strait of Hormuz, has...
From
Reuters
via
gCaptain
Iraq Exported 10 Million Barrels Of Oil Through Strait Of Hormuz In April
By Muayad Hameed BAGHDAD, May 16 (Reuters) – Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, down from about 93 million barrels monthly before the Iran war,...
From
Bloomberg
via
gCaptain
Suezmax Tanker With Iraqi Crude Reaches India After Hormuz Transit
By Julian Lee and Prejula Prem May 16, 2026 (Bloomberg) –A Suezmax tanker identified as carrying Iraqi crude is approaching India after apparently crossing the Strait of Hormuz in recent days....