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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
Malte Humpert
via
gCaptain
New Chinese Nuclear Submarine Sinks in Setback for Navy Expansion
By Malte Humpert (gCaptain) – China’s first Zhou-class submarine, a new nuclear-powered attack vessel, sank earlier this summer at the Wuchang shipyard in Wuhan. The sinking represents a major setback...
From
Oliver Sloup
via
Barchart
Grain and Livestock Markets Flay Around in Thursday's Trade
It was a choppy day in the grain and livestock markets as traders gear up for next week's quarterly report.
From
Mike Schuler
via
gCaptain
Shocking Report Reveals Extent of Illegal Recruitment Fees Paid by Seafarers
An eye-opening new study by the Institute for Human Rights and Business (IHRB) has revealed a disturbing trend in the maritime industry: nearly one-third of seafarers are being coerced into...
From
Mike Schuler
via
gCaptain
50 Years of SOLAS: Maritime Safety Takes Center Stage on World Maritime Day 2024
As the maritime industry celebrates World Maritime Day today, the spotlight shines on a half-century of progress in maritime safety, marked by the 50th anniversary of the International Convention for...
From
Mike Schuler
via
gCaptain
Wallenius Wilhelmsen Supersizes Shaper-Class Car Carriers
Oslo-based car shipping company Wallenius Wilhelmsen has announced plans to supersize four of its twelve Shaper Class vessels on order to a record-breaking capacity of 11,700 Car Equivalent Units (CEUs)....
From
The Loadstar
via
gCaptain
Scores of Ships Headed for US East Coast Face Delays as Strike Looms
By Gavin van Marle (The Loadstar) A prolonged strike on the US east and Gulf coasts could prove “toxic” to global container supply chains – and even if industrial action lasts...
From
Oliver Sloup
via
Barchart
Grain and Livestock Markets Flay Around in Thursday's Trade
It was a choppy day in the grain and livestock markets as traders gear up for next week's quarterly report.
From
Mike Schuler
via
gCaptain
New Shipping Industry Guidance Underscores Evolving Houthi Threat in Red Sea
The Joint Industry Security Group (JISG) has issued an update to the Interim Industry Transit Advice for the Southern Red Sea and the Gulf of Aden, warning ship operators and...
From
Austin Schroeder
via
Barchart
Wheat Slipping Lower at Midday
The wheat complex is trading with losses as the market scrolls through midday. Chicago SRW futures are down 3 to 4 cents thus far on the day. KC HRW contracts are steady to a penny lower across the front months. MPLS spring wheat is down 2 to 3 cents at...
From
Austin Schroeder
via
Barchart
Soybean Fade Early Session Strength
Soybean futures are posting midday losses of 7 to 8 cents so far as contracts are collapsing off the early session gains. CmdtyView’s national front month Cash Bean price is down 7 3/4 cents at $9.84 1/4. Soymeal futures are $1.90/ton lower. Soy Oil futures are down 90 points so...
From
Austin Schroeder
via
Barchart
Corn Shifting Lower at Midday
Corn futures are trading with 1 to 2 cent midday losses as contracts are pulling back from early session gains. The national average Cash Corn price from cmdtyView is down by 1 1/2 cents at $3.81 3/4 per bu. Another private export sale of 115,000 MT was reported to Mexico...
From
Bloomberg
via
gCaptain
Russia Ramps Up Arctic Oil Shipping to a New Record
By Julian Lee (Bloomberg) — Russia has already dispatched a record amount of oil through its section of the Arctic Circle this year, expediting cargo deliveries to China in what is...