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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
Ships Still Switch Russian Oil Off Greece Despite Navy Drills
(Bloomberg) — Tankers carrying Russian oil are still conducting cargo switches with other vessels off Greece’s south coast, despite Greek military drills aimed at deterring such activities. The supertanker Alma...
From
Reuters
via
gCaptain
Antigua-Flagged Vessel Damaged in Russian Attack on Odesa Port
KYIV, Sept 20 (Reuters) – A Russian missile strike has damaged infrastructure and an Antigua-flagged civilian vessel in the Ukrainian port of Odesa, the regional governor said on Friday. Four people were wounded...
From
Mike Schuler
via
gCaptain
Report Reveals Digital Transformation Progress in Container Shipping Industry
The Digital Container Shipping Association (DCSA) has released its “State of the Industry Report 2024,” highlighting significant advancements in digitalization within the container shipping sector. Drawing on insights from 400 cargo...
From
Austin Schroeder
via
Barchart
Wheat Posting Mixed Midday Action
The wheat complex is trading with mixed feelings across the three markets at Friday’s midday.Chicago SRW futures are up 2 to 3 cents so far on the day. KC HRW are trading with fractional losses across the nearbys. MPLS spring wheat is trading with 2 to 3 cent gains. Thursday...
From
Austin Schroeder
via
Barchart
Soybeans Pulling Off Early Session Lows
Soybeans are trading 2 to 3 ¼ cents lower so far on Friday, with midday action well off the early double digit losses. CmdtyView’s national front month Cash Bean price is dow 3 cents at $9.48 1/2. Soymeal futures are adding the pressure with losses of $4/ton. Soy Oil futures...
From
Austin Schroeder
via
Barchart
Corn Posting Losses at Midday
Corn futures are trading at Friday’s midday with losses of 2 to 3 ½ cents. The national average Cash Corn price from cmdtyView is down 2 ¾ cents at $3.69 per bu. Thursday morning's Export Sales report indicated total export sale commitments for corn are now at 14.209 MMT, 21%...
From
John Konrad
via
gCaptain
Polymarket Betters Predict 63% Chance Of An East Cost Port Strike
As the tides of global trade ebb and flow, a new swell is forming on the horizon—one that could disrupt supply chains and economies alike. Polymarket, a decentralized prediction betting...
From
Mike Schuler
via
gCaptain
Congressional Republicans Urge Biden Administration to Prevent Looming Port Strike
Republican members of the Transportation and Infrastructure Committee and the House of Representatives have called on the Biden-Harris Administration to take immediate action to prevent a potential strike at East...
From
Mike Schuler
via
gCaptain
Houthi Attacks Resume in Red Sea After 18-Day Lull
The United Kingdom Maritime Trade Operations (UKMTO) reported a suspicious approach by an unmanned surface drone on a merchant vessel near Yemen’s coast on Friday, marking the end of an...
From
Oliver Sloup
via
Barchart
Will Seasonal Tendencies Come Into Play This Year?
Corn and soybeans drift lower in the early morning trade, while wheat tries to find it’s footing. Will seasonal tendencies come into play this year?
From
Austin Schroeder
via
Barchart
Wheat Managing to Post Overnight Gains Heading into Friday
Futures are posting gains across the three markets as we begin the Friday session. The wheat complex posted losses across the board on Thursday. Chicago SRW futures were down 8 ½ to 10 1/4 cents on the day. KC HRW saw losses of 11 to 14 cents across the board....
From
Austin Schroeder
via
Barchart
Corn Ticking Lower to Start Friday
Corn prices are kicking off Friday with losses of ¾ to 1 cent in the nearbys. Futures closed out the Thursday session with losses of 3 ¾ to 7 cents across the board. The front month national Cash Corn price from cmdtyView was down 7 cents to match Dec, settling...