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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
Shipping Traffic Through Strait of Hormuz Rises Slightly, Data Shows
Shipping traffic at the Strait of Hormuzrose slightly even as a geopolitical standoff persisted between the United States and Iran, while the market also monitored Iran-Oman talks about the waterway, data showed on Thursday.
From
Bloomberg
via
gCaptain
Chinese Container Liners Head for Profit Jump as Rates Surge
Chinese container liners are set for an earnings windfall, echoing regional and global peers, as a rush to get ahead of shifting tariffs and persistent shipping disruptions has driven freight rates to a two-year high.
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...
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From
Oliver Sloup
via
Barchart
Grain Markets Mixed Ahead of End of Quarter
Grain markets were weaker in the overnight trade but have found their footing in the early morning session. These are the levels to watch for following today's Quarterly Stocks report from the USDA.
From
Mike Schuler
via
gCaptain
US East and Gulf Coast Ports Face Imminent Shutdown as Union Announces Intent to Strike
The International Longshoremen’s Association (ILA) on Sunday announced plans for a widespread strike at all Atlantic and Gulf Coast ports, scheduled to begin at 12:01 am on Tuesday, October 1,...
From
Bloomberg
via
gCaptain
Finland and Estonia Agree to Joint Defense of Critical Balticonnector Gas Pipeline
By Kati Pohjanpalo (Bloomberg) Finland and Estonia agreed to boost cooperation in protecting underwater energy infrastructure roughly a year after a ship anchor ripped up a gas pipeline connecting the countries....
From
Darin Newsom
via
Barchart
King Corn's Royal(s) Connection
This look at the corn market is proof that not all analysis has to be dry and serious..
From
John Konrad
via
gCaptain
Hanwha Ocean 4300 Frigate: South Korea’s Newest Weapon to Challenge China’s Naval Might
by John Konrad (gCaptain) At a defense expo in the Philippines, South Korea’s Hanwha Ocean unveiled its Ocean 4300 frigate, signaling more than just a new warship—it’s a direct challenge...
From
Bloomberg
via
gCaptain
Israel Bombs Yemeni Port, Power Stations After Houthi Attacks
By Mohammed Hatem and Marissa Newman Sep 29, 2024 (Bloomberg) –Israeli fighter jets bombed a seaport and several power stations in Yemen, its military said Sunday, following a string of attacks...
From
Bloomberg
via
gCaptain
Ports Brace for Shutdown as U.S. Dockworker Strike Deadline Nears
By Laura Curtis and Josh Wingrove (Bloomberg) — Key industry and government officials are urging US dockworkers and their employers to avoid a strike at East and Gulf coast ports this...
From
John Konrad
via
gCaptain
Russian Bomb Ship Threatens To Blow Up NATO Space Base
By Captain John Konrad – gCaptain has remained mostly silent on the so-called “bomb ship” Ruby, a vessel that has sparked widespread fear and speculation about its potentially explosive cargo...
From
Reuters
via
gCaptain
China Intensifies Naval Drills Following High-Level Talks with Blinken
By Joe Cash (Reuters) – Chinese air and naval forces are conducting maneuvers in a disputed area of the South China Sea, the military said on Saturday, hours after the country’s top...
From
Darren Carlat
via
Barchart
Soybean Meal calendar spread and a Gasoline butterfly spread
The Soybean Meal July, September calendar spread has hypothetically profited in all 15 of the last 15 years when entered on October 2 and exited on November 1.
From
John Konrad
via
gCaptain
Did Sabotage Stall the Navy’s Newest Nuclear Aircraft Carrier?
by John Konrad (gCaptain) Faulty welds on U.S. Navy nuclear submarines and aircraft carriers have ignited a firestorm on Capitol Hill, but this isn’t just a case of shoddy workmanship...
From
John Konrad
via
gCaptain
Taiwan Bolsters Defenses with First Shipment of Harpoon Anti-Ship Missiles
TAIPEI (Taiwan News) – Taiwan news outlets are reporting the first batch of 100 land-based Harpoon anti-ship missile systems purchased from the United States has arrived in Kaohsiung, Taiwan, marking a...