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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 Down on Friday AM
Soybeans are trading with Friday morning losses of 2 to 3 cents. Futures rounded out the Thursday session with a bout of weakness, as contracts were fractionally lower across the front months. CmdtyView’s national front month Cash Bean price was down 3/4 cent at $9.51 1/4. Soymeal futures were mixed,...
From
Bloomberg
via
gCaptain
Virginia Class Submarine Program $17B Over Budget—Enough to Build a New Aircraft Carrier
The Virginia-class submarine project may exceed its budget by $17 billion—surpassing the price tag of an entire new aircraft carrier. By Tony Capaccio (Bloomberg) The Navy’s new Virginia-class submarines are projected...
From
Austin Schroeder
via
Barchart
Wheat Closes Lower Following Weak Export Sales Data
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. MPLS spring wheat posted 3 to 8 3/4 cent losses. Thursday morning’s Export Sales...
From
Austin Schroeder
via
Barchart
Soybeans Close with Fractional Losses
Soybean futures rounded out the Thursday session with a bout of weakness, as contracts were fractionally lower across the front months. CmdtyView’s national front month Cash Bean price was down 3/4 cent at $9.51 1/4. Soymeal futures were mixed, with nearbys up 20 cents to $2/ton and deferreds down 50...
From
Austin Schroeder
via
Barchart
Corn Falls Lower on Thursday
Corn 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 at $3.71 1/2 per bu. This morning's Export Sales report indicated 847,350 MT in corn...
From
Mike Schuler
via
gCaptain
Dockworker Strike: Moody’s Sees Limited Financial Impact on U.S. East and Gulf Coast Ports
Moody’s Ratings has released a report on the potential dockworker strike at U.S. East and Gulf Coast ports, indicating that while a brief shutdown would hurt ports, it would not...
From
Chris Swift
via
Barchart
Shootin' the Bull about conducting business
I think it time to conduct some business.
From
Bloomberg
via
gCaptain
A Look Behind Russian Efforts to Skirt US Energy Sanctions
(Bloomberg) — The crayon marks on the wall of the sparsely furnished apartment hint at it being a conventional family home. But the single sofa, pink plastic chair and child’s...
From
Oliver Sloup
via
Barchart
Grain Markets Weaker in Thursday's Trade
It was a risk-on day for the outside markets, but grain markets struggled to find their footing. Will the market be able to carve out a harvest low?
From
Mike Schuler
via
gCaptain
Bulk Carrier Breakaway Highlights Importance of Mooring Safety
On March 27, 2023, the bulk carrier Sirocco broke free from its moorings at the Convent Marine Terminal in Louisiana, drifting down the Mississippi River and colliding with a moored...
From
Mike Schuler
via
gCaptain
U.S. Coast Guard Releases Titan Submersible Discovery Footage
The U.S. Coast Guard has released crucial remotely operated vehicle (ROV) footage of the Titan submersible wreckage, which provided the conclusive evidence of the vessel’s catastrophic implosion during a commercial...
From
Reuters
via
gCaptain
China Denies Aircraft Carrier Entered Japanese Waters
BEIJING, Sept 19 (Reuters) – China said on Thursday its Liaoning aircraft carrier had been on a routine training mission in the western Pacific and dismissed charges by Tokyo that the vessel and its escorts had entered Japanese...