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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
Bloomberg
via
gCaptain
US Navy Collaborates with Allies’ Shipyards to Counter China’s Maritime Expansion
(Bloomberg) In any high-stakes military conflict with China, the US Navy will be critical to winning. But America’s shipbuilding industry is far from able to support what the Navy needs....
From
Reuters
via
gCaptain
Greece Negotiates Purchase of Fourth Belharra Frigate from France
by Lefteris Papadimas – ATHENS (Reuters) – Greece will start negotiations to buy a fourth Belharra frigate from France to strengthen its navy as it recovers from a decade-long debt crisis, the country’s defense...
From
Reuters
via
gCaptain
Families Sue Dali Shipowner Over Baltimore Bridge Collapse Deaths
By Diana Novak Jones (Reuters) – The families of the six workers who died in the March collapse of the Francis Scott Key Bridge in Baltimore filed lawsuits on Friday against the...
From
Reuters
via
gCaptain
Greek Court Reduces Sentences in Historic 1.2-Ton Cocaine Yacht Trafficking Case
By Yannis Souliotis ATHENS (Reuters) – A Greek appeals court on Friday reduced the prison sentences of 11 men involved in trafficking 1.2 metric tons of cocaine from the Caribbean into Europe...
From
Darren Carlat
via
Barchart
Natural Gas and Soybean Oil Calendar Spreads
The Natural Gas May, July calendar spread has hypothetically profited in 16 of the last 16 years when entered on September 25 and exited on February 24. In addition, the average profit to drawdown ratio is 1.14:1. Ratios above 1 have historically been excellent investment opportunities.
From
Editorial
via
gCaptain
Superyacht Tragedy: Deep Dive Into The High-Stakes World Of Underwater Search And Rescue
by Jamie Pringle (Keele University) Search and rescue (SAR) for missing persons is always challenging for the specialist recovery teams involved, regardless of the environment they’re working in. But the...
From
Editorial
via
gCaptain
Royal Society Celebrates the Rich Tapestry of Maritime Art
by Giulia Champion (University of Southampton) From seascapes and ship portraits to underwater wildlife and coastal scenes, maritime artworks on display this month at the Royal Society of Marine Artists...
From
Ben DiCostanzo
via
Barchart
Hogs and Cattle Markets Rally to New High For Recent Up Move
Cattle ends week strong as packers pay up
From
Bloomberg
via
gCaptain
Stavridis – Can The Quad Counter Chinese Influence In The Indian Ocean?
by Admiral James Stavridis (Bloomberg Opinion) This weekend, President Joe Biden is hosting the three other national leaders of the Quadrilateral Security Dialogue, or Quad, a loose grouping among India, Australia, Japan and...
From
Nick Ehrenberg
via
Barchart
Soybean Analysis, Key Levels to Watch
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
From
Brady Sidwell
via
Barchart
Fed recalibrates policy with first rate cuts in four years
Cattle-on-Feed neutral-to-bullish
From
GCaptain
via
gCaptain
Mike Lynch Superyacht Update: Dry Drowning Deaths, Manslaughter Probe, and Fears Over Secret Russian Data Amid Tragedy
The luxury superyacht Bayesian sank off the coast of Sicily during a violent storm on August 19, claiming the lives of seven people, including British tech tycoon Mike Lynch and his 18-year-old...