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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
Experts Warn of Severe Economic Ripple Effects from Looming US Port Strike
A potential coastwide strike at Atlantic and Gulf Coast container ports could disrupt U.S. supply chains and impact the upcoming holiday shopping season, industry experts warn. The International Longshoremen’s Association...
From
Austin Schroeder
via
Barchart
Wheat Higher at Midday
Wheat futures are trading with gains across the three exchanges on Wednesday. Chicago SRW futures are up 9 to 10 cents on the day. KC HRW are up 7 to 7 ½ cents across the front months. MPLS spring wheat is up 3 cents across the nearby contracts. All wheat...
From
Austin Schroeder
via
Barchart
Corn Reverts to Higher Midday Trade, Despite Weaker Ethanol Data
Corn futures are trading with 2 to 3 cent gains so far on the Wednesday session, pulling off the overnight weakness. 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...
From
Austin Schroeder
via
Barchart
Soybeans Pushing Higher on Wednesday
Soybeans are posting midday gains of 6 to 7 cents in the front months on Wednesday reverting from the overnight double digit losses. CmdtyView’s national front month Cash Bean price is up 6 3/4 cents at $9.88 1/2. Soymeal futures are up 90 cents/ton. Soy Oil futures are up another...
From
Mike Schuler
via
gCaptain
Hurricane Helene’s Massive Size is Alarming Forecasters
Hurricane Helene’s extraordinary size is setting off alarm bells among forecasters, prompting urgent warnings for residents along the Florida coast and inland areas. The storm’s expansive reach and intensity threatens...
From
Mike Schuler
via
gCaptain
Global Shipping Industry Failing to Meet 2030 Zero-Emission Fuel Goal, Report Warns
The global shipping industry is struggling to meet its goal of having zero-emission fuels account for 5% of all fuels by 2030, according to a new report from the UCL...
From
Mike Schuler
via
gCaptain
UPDATE: Damaged Navy Oiler USNS Big Horn Towed Dead Stick Oman
New photos reveal the Military Sealift Command oiler USNS Big Horn being towed dead-stick into Duqm, Oman on Wednesday, September 25, following a grounding incident this week. “Dead stick” refers...
From
Mike Schuler
via
gCaptain
US Port Strike Threatens Severe Supply Chain Disruption into 2025
A looming strike at ports along the US East and Gulf coasts could cause significant supply chain disruptions lasting into 2025, according to recent analysis from Xeneta, an ocean and...
From
Malte Humpert
via
gCaptain
First Panamax Containership Sprints Across Arctic Reaching China In Just Three Weeks
(gCaptain) – The first Arctic transit of a large container ship has gone off without a hitch. The 294 meter-long Panamax vessel Flying Fish 1, traveled from St. Petersburg in...
From
John Konrad
via
gCaptain
Crypto Gamblers Bet On East Coast Port Strike
As global trade gets rocked by geopolitical events, gamblers are betting on supply chain and economic disruptions. Polymarket, a decentralized prediction platform using cryptocurrency to wager on world events, is...
From
Austin Schroeder
via
Barchart
Corn Down to Start Wednesday
Corn prices are showing 2 to 3 cent losses to kick off Wednesday trade. Futures closed out the Tuesday session turning around from the early morning strength, as contracts were down 1 to 1 3/4 cents. The national average Cash Corn price from cmdtyView was down by 1 ½ cents...
From
Austin Schroeder
via
Barchart
Wheat Showing Marginal Losses to Kick off Midweek
Wheat is posting slight losses on Wednesday morning. Futures closed with weakness on Tuesday across all three markets to fade the morning gains. Chicago SRW futures were down 2 3/4 to 4 1/2 cents on the day. KC HRW posted 4 ¼ to 6 ¼ cent losses. MPLS spring wheat...