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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
Austin Schroeder
via
Barchart
Soybeans Rally Out of the Weekend
Soybeans 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. CmdtyView’s national front month Cash Bean price was up 27 cents at $9.77 ½. Soymeal futures posted $7.30 to $9.70/ton gains. Soy Oil futures...
From
Austin Schroeder
via
Barchart
Corn Bulls Rally to Begin the Week
Corn futures closed out the Monday session with contracts up 6 ¾ to 11 ¾ cents across the board. The national average Cash Corn price from cmdtyView was up 12 1/4 cents at $3.80 1/4 per bu. The weekly Crop Progress report from NASS showed the US corn crop at...
From
Mike Schuler
via
gCaptain
Wallenius Marine Launches Eco-Friendly Car Carrier for Volkswagen
Wallenius Marine on Monday christened its new vessel, Future Way, in Emden, Germany. The innovative car carrier is based on the Sleipner design concept and marks a significant advancement in...
From
John Konrad
via
gCaptain
China’s Navy Deploys Triple Carrier Fleet, Icebreakers, and 400 Joint Ships in Massive Show of Strength
by Captain John Konrad (gCaptain) In an unprecedented display of naval power, China has deployed three aircraft carriers at sea simultaneously for the first time. The People’s Liberation Army Navy...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Take Advantage Of Higher Prices... It's A Gift
From
Mike Schuler
via
gCaptain
U.S. Navy Partners with Private Equity to Revitalize Alabama Shipyard for Submarine Production
The U.S. Navy has launched a groundbreaking public-private partnership to strengthen American maritime dominance and national security. The initiative aims to enhance the Submarine Industrial Base (SIB) and support the...
From
Chris Swift
via
Barchart
Shootin' the Bull about a little reprieve.
The work done on Thursday and Friday of last week is believed adequate for what is currently known. Futures traders didn't disappoint in narrowing basis back for producers to market into.
From
Angie Setzer
via
Barchart
What Is Driving The Soybean Market Higher?
Taking a look at the things I am watching in the bean market and why it's possible we could be closer to long-term support than resistance.
From
Mike Schuler
via
gCaptain
Maritime Industry Leaders Call for Global Action on Decarbonization at UN General Assembly
At the 79th Session of the UN General Assembly, maritime business leaders and cargo owners issued a joint statement urging immediate action on maritime decarbonization. The call comes as the...