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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
Mike Schuler
via
gCaptain
Falling Container Imports Hint at Tariff-Driven Slowdown for U.S. Economy
The ten largest US ports recorded a 7.9% year-over-year drop in inbound container volume in June, marking the second consecutive month of declines following May’s 6.6% decrease, according to the...
From
Mike Schuler
via
gCaptain
Matson Suspends Electric Vehicle Shipments Over Battery Fire Concerns
Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced the immediate suspension of transporting electric and plug-in hybrid vehicles aboard its vessels, citing growing safety concerns...
From
Mike Schuler
via
gCaptain
India Cracks Down on Fraudulent Seafarer Certificates Amid Global Safety Concerns
The Directorate General of Shipping (DGS) of India has issued a stringent circular addressing the growing problem of fraudulent seafarer certificates, which threatens maritime safety standards worldwide. The directive, released...
From
Mike Schuler
via
gCaptain
U.K. Sanctions 135 Tankers in Sweeping Crackdown on Russia’s Shadow Fleet
The United Kingdom has imposed sanctions on 137 targets linked to Russia’s energy sector, including 135 oil tankers operating as part of Putin’s shadow fleet, in one of its most...
From
Reuters
via
gCaptain
Israeli Military Strike’s Houthi Targets in Yemen’s Hodeidah Port
The Israeli military attacked Houthi targets in Yemen's Hodeidah port on Monday in its latest assault on the Iran-backed militants, who have been striking ships bound for Israel and launching missiles against it.
From
Bloomberg
via
gCaptain
Europe’s Sanctions on Russian Diesel Won’t Hit Until January
The European Union said a new set of measures aimed at restricting the flow of fuel made from Russian crude won’t take effect until January, easing some concerns that they would tighten a diesel market in the region that’s already soaring.
From
Mike Schuler
via
gCaptain
Trump Administration Announces $8.75 Million in Small Shipyard Grants, Continuing Funding Decline
The U.S. Maritime Administration (MARAD) has awarded $8.75 million in grants to support 17 small shipyards across 12 states, Transportation Secretary Sean P. Duffy announced today. The funding, part of...
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From
Bloomberg
via
gCaptain
World’s Trade Superhighway Feels Strain From US-China Decoupling
Container liners are starting to sever shipping routes that link the US and China across the Pacific, as President Donald Trump’s trade war upends the industry and forces the two largest economies apart.
From
Reuters
via
gCaptain
Vietnam’s Shipments From China, to US Reach Record High Amid Trade Fraud Crackdown
Vietnam's imports from China and exports to the United States both reached a post-pandemic record in April, amid talks with Washington to reduce Hanoi's trade surplus and a crackdown on Chinese goods being shipped to the U.S. via its territory.
From
Mike Schuler
via
gCaptain
Report: U.S. Aircraft Carrier Loses Second F/A-18 Super Hornet in Red Sea Amid Ceasefire Announcement
A second F/A-18 Super Hornet fighter jet from the USS Harry S. Truman aircraft carrier has been lost in the Red Sea, following an arrestment failure during landing, CNN and...
From
Reuters
via
gCaptain
Trump Announces Deal to Stop Bombing Houthis
President Donald Trump announced on Tuesday the U.S. will stop bombing the Houthis in Yemen, saying that the Iran-aligned group had agreed to stop interrupting important shipping lanes in the Middle East.
From
gCaptain
via
gCaptain
‘Profoundly Concerned’: NTSB Chair Calls Out Training Gaps in Shipboard Firefighting
By Daniel Katzive (gCaptain) – Training failures which contributed to the deaths of two firefighters on a RoRo ship at Port Newark in July 2023 are part of a broader nationwide shortfall...
From
Austin Schroeder
via
Barchart
Soybeans Continue Slide on Tuesday
Soybeans saw some slight losses on Tuesday, with contracts down 3 to 4 cents in the front months. CmdtyView’s national front month Cash Bean price was down 4 cents at $9.89 3/4. Soymeal futures were steady to down $2.60/ton, with Soy Oil futures down another 3 to 39 points. Soybean...
From
Austin Schroeder
via
Barchart
Wheat Bounces on Turnaround Tuesday
The wheat complex held onto gains the closing bell on Tuesday. Chicago SRW futures posted 4 to 5 cent gains across the nearbys at the close. Kansas City HRW futures closed with contracts up 4 to 6 cents across most contracts on Tuesday. Minneapolis spring wheat futures were firm, up...
From
Austin Schroeder
via
Barchart
Corn Posts Mixed Trade on Tuesday
The corn market closed with nearby contracts 1 to 2 cents higher on Tuesday, with new crop down 1 to 2 cents at the close. The nearby CmdtyView national average Cash Corn price was up 1 ¾ cents at $4.25 1/4. Crop Progress data from Monday afternoon showed some eastern...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Cattle Markets Made New Highs Again - Grains Are Ready to Fly Higher - You Want to Read This One
From
Mike Schuler
via
gCaptain
U.S. Carrier Matson Warns of Challenging Trade Environment Ahead
Matson’s stock falls 15% after the company reported Transpacific container volumes falling 30% since April in response to tariffs. Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific,...
From
Mike Schuler
via
gCaptain
HD Hyundai and Maersk Sign MOU on Maritime Decarbonization
HD Hyundai and A.P. Moller – Maersk announced today a comprehensive Memorandum of Understanding (MOU) aimed at advancing maritime decarbonization solutions and expanding integrated logistics services. The agreement, signed at...