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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
Mike Schuler
via
gCaptain
Middle East Maritime Threat Escalates: Israeli and Lebanese Ports in the Crosshairs, Ambrey Warns
Maritime security firm Ambrey has raised the alarm over the increasing dangers faced by vessels operating in the Eastern Mediterranean, as tensions between Israel and Hezbollah continue to escalate. The...
From
Mike Schuler
via
gCaptain
ILA Fires Back at USMX’s Unfair Labor Practice ‘Publicity Stunt’
The International Longshoremen’s Association (ILA) has strongly rebuked the United States Maritime Alliance (USMX) for filing an unfair labor practice charge against them, calling it a “weak publicity campaign” and...
From
Mike Schuler
via
gCaptain
Lithium-Ion Battery Fire Disrupts Port of Los Angeles, Closing Terminals
Operations at the Port of Los Angeles are being disrupted after a fire involving an overturned tractor-trailer carrying lithium batteries near Ocean & Navy Way on Terminal Island on Thursday....
From
Austin Schroeder
via
Barchart
Corn Starting off Friday Mixed
Corn prices are showing mixed trade on Friday AM, with nearby December up ¼ cent and other front months fractionally lower. Futures ended the Thursday session with fractional to 2 ½ cent losses across the board. The national average Cash Corn price from cmdtyView was down by 2 1/4 cents...
From
Austin Schroeder
via
Barchart
Soybeans Clawing Back Gains on Friday Morning
Soybean prices are up fractionally to 1 ½ cents across the front months on Friday morning. Futures rounded out what started as positive trade on Thursday with 8 to 11 ¾ cent losses across most contacts. CmdtyView’s national front month Cash Bean price was down 12 1/4 cents at $9.80...
From
Austin Schroeder
via
Barchart
Wheat Slipping Lower to Kick Off Friday
Wheat futures are showing losses across the markets on Friday morning. The wheat complex closed out Thursday with losses across the three exchanges. Chicago SRW futures were down 2 to 5 to close the day. KC HRW contracts were fractionally to 2 cents lower across the board. MPLS spring wheat...
From
Reuters
via
gCaptain
Florida Braces for Shortages in Hurricane Helene’s Aftermath
By Shariq Khan NEW YORK, Sept 26 (Reuters) – Fuel distributors in Florida were bracing for supply shortages as government officials issued dire warnings about strengthening hurricane Helene, which is forecast to make...
From
Austin Schroeder
via
Barchart
Corn Closes Thursday with Losses
Corn futures ended the Thursday session with fractional to 2 ½ cent losses across the board. The national average Cash Corn price from cmdtyView was down by 2 1/4 cents at $3.80 3/4 per bu. Another private export sale of 115,000 MT was reported to Mexico by the USDA via...
From
Austin Schroeder
via
Barchart
Wheat Winds Down Thursday with Losses
The wheat complex closed out Thursday with losses across the three exchanges. Chicago SRW futures were down 2 to 5 to close the day. KC HRW contracts were fractionally to 2 cents lower across the board. MPLS spring wheat was down 4 to 5 ½ cents on the session. All...
From
Austin Schroeder
via
Barchart
Soybeans Fall from Highs to Close Lower
Soybean futures rounded out what started as positive trade on Thursday with 8 to 11 ¾ cent losses across most contacts. CmdtyView’s national front month Cash Bean price was down 12 1/4 cents at $9.80 3/4. Soymeal futures were $1.10 to $1.90/ton lower at the close. Soy Oil futures were...
From
Mike Schuler
via
gCaptain
Seafarers Sentenced to 30 Years in Turkey: ITF Condemns ‘Outrageous’ Drug Case Verdict
Two seafarers have been sentenced to 30 years in prison in Turkey, sparking outrage from the International Transport Workers’ Federation (ITF). The decision, which came after drugs were discovered on...
From
Chris Swift
via
Barchart
Shootin' the Bull about unexplainable price action
Price action today is pretty much unexplainable, without some conspiracy theories.