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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...
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Mike Schuler
via
gCaptain
Hanwha Abandons Austal Takeover Bid Amid Due Diligence Dispute
Korean conglomerate Hanwha has officially withdrawn its takeover bid for Australian defense shipbuilder Austal, citing insurmountable obstacles in conducting due diligence. Following the acquisition of the former Daewoo Shipbuilding and...
From
Mike Schuler
via
gCaptain
South Carolina Ports Reopens New Leatherman Terminal with Weekly Asia Service
South Carolina Ports (SC Ports) celebrated a milestone today with the reopening of new Hugh K. Leatherman Terminal in Charleston. The facility is set to resume operations on Thursday, supporting...
From
Austin Schroeder
via
Barchart
Wheat Pushes Higher on Wednesday
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 cents higher across the board. MPLS spring wheat was up 4 ½ to 5 ½ cents...
From
Austin Schroeder
via
Barchart
Soybeans Extends Gains to Wednesday
Soybeans 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 at $9.92 1/2. Soymeal futures were $1.30 to $2.50/ton higher across the...
From
Austin Schroeder
via
Barchart
Corn Posts Higher Wednesday Trade
Corn 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 private export sale of 180,000 MT of corn to Mexico this morning via...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Grains rally late as the Livestock Markets pause.
From
Mike Schuler
via
gCaptain
HII Secures Landmark $9.6 Billion Contract for New U.S. Navy Amphibious Ships
Huntington Ingalls Industries (HII) has been awarded a historic $9.6 billion multi-ship procurement contract by the U.S. Navy, marking the first use of the combined procurement approach in amphibious warship...
From
Chris Swift
via
Barchart
Shootin' the Bull about not much of anything
Price action today was seemingly of a lot of traders not knowing what to do.
From
John Konrad
via
gCaptain
US Senator Demands Answers After US Navy Oiler Grounding
Washington, D.C. — Following reports that the U.S. Navy’s fleet oiler, USNS Big Horn, was damaged during a grounding off Oman’s coast, Senator Roger Wicker, the ranking Republican on the Senate Armed Services...
From
Mike Schuler
via
gCaptain
U.S. Imports Surge: August Inbound Container Volumes Skyrocket Nearly 20%
The ten largest U.S. container ports witnessed a staggering 19.3% year-over-year increase in inbound container volume this August, according to the latest report from industry expert John McCown. This surge...
From
Darin Newsom
via
Barchart
Grain Markets Stalled: Will Soybean, Corn, and Wheat Prices Resume Their Upward Momentum?
Grain markets are currently experiencing a stalemate, with prices fluctuating but unable to break through key resistance levels. Investor sentiment remains cautious, with many funds focusing on other markets.