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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
Reuters
via
gCaptain
Maryland Piles on Lawsuit Against ‘Dali’ Owner and Operator
By David Shepardson Sept 24 (Reuters) – The state of Maryland on Tuesday filed civil claims against the owner and operator of the cargo ship that struck the Francis Scott Key Bridge...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Take Advantage Of Higher Prices... It's A Gift
From
Oliver Sloup
via
Barchart
Grains Continue to Firm
Grain markets started the week with a bang, this on the back of Chinese stimulus and weather concerns in South America. Is there more upside to come?Grain markets started the week with a bang, this on the back of Chinese stimulus and weather concerns in South America. Is there more upside to come?
From
Austin Schroeder
via
Barchart
Corn Nudging Higher to Extend Gains into Tuesday
Corn prices are showing another round of early strength on Tuesday, up 1 to 2 cents. Futures closed out the Monday session with contracts up 6 ¾ to 11 ¾ cents across the board. Preliminary open interest was down 2,915 contracts overall, with December down 5,623 contracts and implying short...
From
Austin Schroeder
via
Barchart
Wheat Marginally Higher to Kick off Tuesday
Wheat is starting off Tuesday with steady to 3 cent higher trade across the three major markets. The wheat complex rallied hard across all three exchanges on Monday. Chicago SRW futures were up 12 ½ to 14 cents on the day. Preliminary open interest in CBT showed net new buying...
From
Austin Schroeder
via
Barchart
Soybeans Extending Rally into Tuesday
Soybeans are continuing Monday’s strength early on Tuesday, with gains of 7 to 8 cents. They started the week off with a rally, as contracts were up 18 ¼ to 27 ¼ cents across the board and closing near the highs. Preliminary open interest showed a rotation of ownership, up...
From
John Konrad
via
gCaptain
US Navy Oiler Runs Aground, Forcing Carrier Strike Group to Scramble for Fuel
by John Konrad – gCaptain has received multiple reports that the US Navy oiler USNS Big Horn ran aground yesterday and partially flooded off the coast of Oman, leaving the Abraham Lincoln...
From
Mike Schuler
via
gCaptain
Lithium-Ion Battery Fire at Montreal Port Prompts Lockdown
A fire involving a container carrying lithium-ion batteries at the Port of Montreal triggered a temporary stay-at-home order for nearby residents on Monday. The incident occurred in a container at...
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From
Ruchi Gupta
via
Barchart
Up 41% YTD, This Standout Growth Stock Has More Upside Ahead
Outperforming DoorDash stock is positioned in one of the best pockets of growth in the internet space, says the company's newest fan.
From
Mike Schuler
via
gCaptain
World’s First Ammonia-Powered Vessel Completes Maiden Voyage
Amogy, a pioneer in ammonia-to-power solutions, has successfully demonstrated the world’s first carbon-free, ammonia-powered maritime vessel. The NH3 Kraken, a retrofitted 1957 tugboat, completed its maiden voyage on a tributary...
From
Mike Schuler
via
gCaptain
Pangaea Logistics Expands Handy-Size Bulker Fleet for $295 Million
Pangaea Logistics Solutions Ltd. (Nasdaq: PANL) has announced a definitive agreement to merge fifteen handy-size dry bulk vessels from Strategic Shipping Inc. (SSI) into its existing fleet. The deal, valued...
From
Austin Schroeder
via
Barchart
Wheat Posts Double Digit Gains
The wheat complex rallied hard across all three exchanges on Monday. Chicago SRW futures were up 12 ½ to 14 cents on the day. KC HRW posted 12 ¼ to 13 ½ cent gains. MPLS spring wheat was 10 ¼ to 11 cents higher. This afternoon’s Crop Progress report from...