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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
Port Employers, Union Trade Blame Over Stalled Labor Talks as Critical Deadline Approaches
The U.S. Department of Labor has reached out to the United States Maritime Alliance in anticipation of a potential ports strike on the East and Gulf Coasts by the International...
From
Austin Schroeder
via
Barchart
Wheat Getting a Monday Pop
The wheat complex is trading with gains across the three exchanges on Monday. Chicago SRW futures are up 14 to 15 cents on the day. KC HRW is posting 13 to 14 cent gains at midday. MPLS spring wheat is 8 to 10 cents higher on Monday. The weekly shipment...
From
Austin Schroeder
via
Barchart
Corn Getting a Rally to Start the Week
Corn futures are showing 9 to 10 ¼ cent gains across the front months on Monday’s midday. The national average Cash Corn price from cmdtyView is up 10 ½ cents at $3.79 3/4 per bu. This morning’s Export Inspections report showed a total of 1.102 MMT (43.42 mbu) of corn...
From
Austin Schroeder
via
Barchart
Soybeans Rallying on Monday
Soybeans are starting off the week with sharply higher trade on Monday, as contracts are up 22 to 24 cents across the front months. CmdtyView’s national front month Cash Bean price is up 22 ½ cents at $9.73 3/4. Soymeal futures are trading with $7.70/ton gains in the nearby October...
From
Mike Schuler
via
gCaptain
Potential Major Hurricane Threatens Gulf Coast This Week
The National Hurricane Center (NHC) has issued a warning about a potentially dangerous weather system approaching the Gulf Coast. The disturbance, soon to be named Hurricane Helene, is rapidly intensifying...
From
Reuters
via
gCaptain
Dutch See Rise in Russian LNG Imports, Urge Further Sanctions
AMSTERDAM, Sept 23 (Reuters) – Imports of liquefied natural gas (LNG) from Russia at the Netherlands’ main terminal in Rotterdam have risen in recent months, underlining the need for further sanctions, the Dutch government...
From
Oliver Sloup
via
Barchart
Grain Markets Test Significant Resistance
Grain futures have started the week with a bang, trading to significant resistance levels. Will prices be able to breakout?
From
Mike Schuler
via
gCaptain
CMA CGM Expands Global Reach: Acquires Stake in Brazil’s Largest Port Operator
CMA CGM, the French shipping and logistics group, has announced a significant expansion of its operations in South America, signing a definitive agreement to acquire a 48% stake in Brazil’s...
From
Mike Schuler
via
gCaptain
NASSCO Launches Fifth Fleet Oiler for U.S. Navy
General Dynamics NASSCO christened and launched the USNS Lucy Stone (T-AO 209), the fifth ship in the John Lewis-class fleet oiler program for the U.S. Navy. The ceremony, taking place Saturday, marked...
From
Malte Humpert
via
gCaptain
Russia’s ‘Shadow Fleet’ Offloads Sanctioned LNG at Asian Storage Barge For First Time
By Malte Humpert (gCaptain) – The next element of Russia’s emerging LNG shadow fleet has materialized over the weekend. LNG carrier Everest Energy traveled to the Koryak FSU near the...
From
Malte Humpert
via
gCaptain
Officials Race to Contain Oil Spill Following Sinking of Passenger Vessel in Greenland
By Malte Humpert (gCaptain) – Emergency personnel in Greenland near the southern community of Nanortalik worked over the weekend to contain a 20,000 liters oil spill following the sinking of...