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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
Hurricane Helene Threatens Florida Big Bend with Catastrophic Impact
As Hurricane Helene barrels towards the Florida Big Bend, residents brace for what could be one of the most devastating storms to hit the region in decades. The National Hurricane...
From
Mike Schuler
via
gCaptain
US Treasury Sanctions Syrian Shipping Magnate Involved in Iranian Oil Smuggling
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on over a dozen entities and vessels involved in the illicit shipment of Iranian oil...
From
Mike Schuler
via
gCaptain
Labor Dispute Escalates: USMX Files Charge Against ILA as US Ports Face Imminent Strike
In a significant escalation, the United States Maritime Alliance (USMX) has filed an unfair labor practice charge against the International Longshoremen’s Association (ILA) with the National Labor Relations Board (NLRB),...
From
Oliver Sloup
via
Barchart
Are Grain Markets Gearing Up For a Breakout?
Grains found their footing yesterday which has carried over into some early morning strength, taking prices near significant resistance points.
From
John Konrad
via
gCaptain
China Floods West Philippine Sea with Massive 251-Ship Armada
West Philippine Sea – by John Konrad (gCaptain) In a striking demonstration of maritime dominance, the Philippine Navy reported an unprecedented sighting of 251 Chinese ships operating within the West...
From
Austin Schroeder
via
Barchart
Soybean Rally Continuing to Start Thursday
Soybean futures are trading this morning with 9 to 10 cent gains. They settled the Wednesday session with contracts posting 9 ¾ to 11 ½ cent gains, as futures were busy fading off the overnight double digit losses. CmdtyView’s national front month Cash Bean price was up 11 3/4 cents...
From
Austin Schroeder
via
Barchart
Wheat Extending Higher on Thursday AM Trade
The wheat complex is trading with 5 to 7 cent gains so far on Thursday morning. Wheat futures closed out the Wednesday session with contract in the green. Chicago SRW futures were up 5 1/4 to 11 1/4 cents on the day. KC HRW contracts were 4 ¾ to 10...
From
Austin Schroeder
via
Barchart
Corn Slipping to Kick off Thursday
Corn is starting off the Wednesday session with contracts down fractionally to 1 cent. Futures ended the midweek session with contracts closing 1 ½ to 3 ½ cents. The national average Cash Corn price from cmdtyView is up by 2 ¼ cents at $3.81 1/4 per bu. USDA reported a...
From
Reuters
via
gCaptain
Britain Tightens Grip on Russian LNG with Fresh Sanctions
by Muvija M LONDON (Reuters) – Britain on Thursday sanctioned five vessels and two associated entities involved in the shipping of Russian LNG, with the government saying it was using new legal powers...
From
Aditya Sarawgi
via
Barchart
Is Molson Coors Beverage Stock Underperforming the S&P 500?
Molson Coors Beverage has underperformed the S&P 500 over the past year, and analysts remain cautious about the stock’s prospects.
From
Mike Schuler
via
gCaptain
Hurricane Helene: NOAA Warns of Catastrophic Flooding as Category 4 Storm Approaches Florida
As Hurricane Helene barrels towards Florida’s northwest coast, the National Oceanic and Atmospheric Administration (NOAA) is sounding the alarm on the potential for catastrophic inland flooding that could continue long...
From
Ruchi Gupta
via
Barchart
Up 215% in 2024, Is It Too Late to Buy This Breakout Growth Stock?
This restaurant stock is also an under-the-radar robotics play.