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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
Chris Swift
via
Barchart
Shootin' the Bull about a lot of price action this week
In my opinion, a whole lot of market action took place this week for which most had no answer for, myself included.
From
Mike Schuler
via
gCaptain
Philly Shipyard Delivers Second Federal Training Vessel ‘Patriot State’
Philly Shipyard, Inc. has delivered the Patriot State, the second of five cutting-edge National Security Multi-Mission Vessels (NSMVs) designed to revolutionize maritime education in the U.S. and enhance disaster relief capabilities....
From
Mike Schuler
via
gCaptain
Oregon Offshore Wind Auction Postponed Due to Lack of Interest
In a surprising turn of events, the Bureau of Ocean Energy Management (BOEM) has announced the postponement of its highly anticipated offshore wind energy auction for Oregon’s coastal waters. The...
From
Bloomberg
via
gCaptain
Container Shipping Lines Fear Port Strike Will Paralyze Half of U.S. Trade
(Bloomberg) — The world’s top container carrier is urging customers to move US cargo through East and Gulf Coast ports before the planned start on Tuesday of a dockworker strike...
From
Austin Schroeder
via
Barchart
Corn Pushing Higher on Friday
Corn futures are trading with gains across the board on Friday, as contracts are up 3 to 5 ½ cents in the nearbys. The national average Cash Corn price from cmdtyView is up 5 1/2 cents at $3.85 1/4 per bu. Heading into Monday, the average trade estimate from a...
From
Austin Schroeder
via
Barchart
Wheat Still Holding Lower on Friday
Wheat futures are stuck at Friday’s midday with weakness, as all three exchanges are lower. Chicago SRW futures are down 4 cents in the nearbys. KC HRW contracts are 2 to 4 cents lower across the front months at midday. MPLS spring wheat is down 2 to 3 cents on...
From
Austin Schroeder
via
Barchart
Soybeans Rallying Into the Weekend Led by Meal
Soybeans are putting on a rally at Friday’s midday, with contracts up 20 to 25 ½ cents in the front months. CmdtyView’s national front month Cash Bean price is back up 25 1/4 cents at $10.05. Soymeal is the real reason for the rally, with futures up $18.80/ton for the...
From
John Konrad
via
gCaptain
Armed Merchant Supply Ships: Did The Dutch Navy Just Redefine Naval Warfare?
by John Konrad (gCaptain) The Dutch Ministry of Defense has announced a bold investment of up to €1 billion in two new support vessels that could redefine naval logistics. These...
From
Mike Schuler
via
gCaptain
Heroic Rescue: U.S. Coast Guard Saves Man and Dog from Hurricane-Ravaged Sailboat
The U.S. Coast Guard saved a man and his loyal canine companion from a perilous situation off the coast of Florida as Hurricane Helene raged on Thursday. The dramatic rescue...
From
Bloomberg
via
gCaptain
Japan Sends Warship Through Taiwan Strait, Defying China
(Bloomberg) — Three US allies sent warships through the Taiwan Strait in a rare defiance of China in those waters, on the same day Beijing fired its first intercontinental ballistic...
From
Reuters
via
gCaptain
Houthis Claim Attacks on Israel, U.S. Destroyers
Sept 27 (Reuters) – Yemen’s Iran-aligned Houthi militants said on Friday they had targeted the Israeli cities of Tel Aviv and Ashkelon along with three U.S. destroyers in the Red Sea with...