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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
Chris Swift
via
Barchart
Shootin' the Bull about basis and don't look a gift horse in the mouth
Basis has been swapped to negative, evened, or narrowed greatly. What once was unavailable is now available.
From
Mike Schuler
via
gCaptain
Captain Error Leads to Tugboat Striking Bridge Fender, NTSB Report Finds
The National Transportation Safety Board said Tuesday that the captain of an articulated tug and barge (ATB) failed to line up his vessel correctly while approaching the Hylebos Bridge in...
From
Darin Newsom
via
Barchart
Checking in On the 3 Kings of Commodities
The continued uptrend of US stock indexes is creating money by the truckload, raising the question of what market it might get hauled to next.
From
Mike Schuler
via
gCaptain
Report: Russian Warship Fires Warning Shots at Norwegian Fishing Vessel During Naval Exercise
A Russian warship reportedly fired warning shots at a Norwegian fishing boat during the joint Russian-Chinese naval exercise “Ocean 24” this month in Norway’s exclusive economic zone. The incident, which...
From
Austin Schroeder
via
Barchart
Wheat Heading Back Lower at Midday
Wheat is trading with midday losses across the board on Tuesday. Chicago SRW futures are down 4 to 6 cents on the day. Preliminary open interest in CBT showed net new buying up 2,678 contracts, with December up 2,678 contracts. KC HRW is trading with 6 to 7 cents losses....
From
Austin Schroeder
via
Barchart
Corn Fading Early Gains at Midday
Corn futures are trading with fractional to 1 ¼ cent losses so far on Tuesday. Preliminary open interest was down 2,915 contracts overall, with December down 5,623 contracts and implying short covering. The national average Cash Corn price from cmdtyView is down by a penny at $3.79 1/4 per bu....
From
Austin Schroeder
via
Barchart
Soybeans Pulling Back from Early Strength
Soybeans are showing 5 to 6 cent midday gains on Tuesday, pulling off double digit strength early in the session. Preliminary open interest showed a rotation of ownership, up 1,268 contracts, as Nov was down by 1,031 contracts and January was up 3,226 contracts. CmdtyView’s national front month Cash Bean...
From
John Konrad
via
gCaptain
Bankruptcy or Bust: Financial Desperation Doomed the Titan Sub
In the months leading up to the catastrophic implosion of OceanGate’s Titan submersible, the company’s desperation for cash had already set the stage for tragedy said director of engineering Phil...
From
Mike Schuler
via
gCaptain
Helene Intensifies: Southeastern U.S. Braces for Major Hurricane
The National Hurricane Center warns that Tropical Storm Helene is is forecast to rapidly intensify as it approaches the southeastern United States. Forecasters predict Helene will reach major hurricane status...
From
Mike Schuler
via
gCaptain
Challenging China: How the US is Turning to South Korea to Boost Naval Shipbuilding
As geopolitical tensions rise between Washington and Beijing, the U.S. is adopting an innovative approach to bolster its naval capabilities. This new video from The Wall Street Journal delves into...
From
Bloomberg
via
gCaptain
Maersk Shares Jump Ahead of Potential U.S. Port Strike
(Bloomberg) — AP Moller-Maersk A/S shares jumped as much as 4.9%, extending recent gains on expectations that labor talks with US port workers will fail and spark a new round...
From
Mike Schuler
via
gCaptain
USS Harry S. Truman Carrier Strike Group Deploys to Europe
The Nimitz-class aircraft carrier USS Harry S. Truman (CVN 75) departed Naval Station Norfolk on on Monday for a scheduled deployment to the U.S. Naval Forces Europe-Africa/U.S. Sixth Fleet area...