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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
Corn Heading Lower at Midday
Corn futures are showing losses of 4 to 5 ½ cents across the front months so far on Thursday. The front month national Cash Corn price from cmdtyView is down 5 ½ cents at at $3.73 per bu. This morning's Export Sales report indicated 847,350 MT in corn bookings during...
From
Austin Schroeder
via
Barchart
Wheat Falling After Weak Export Sales Data
The wheat complex is posting losses across the board on Thursday.Chicago SRW futures are down 8 to 9 cents so far on the day. KC HRW is posting 10 to 12 cent lower trade. MPLS spring wheat is showing 8 to 9 cent losses. Thursday morning’s Export Sales report showed...
From
Austin Schroeder
via
Barchart
Soybeans Showing Positive Trade at Thursday’s Midday
Soybean futures are posting 1 to 2 cent gains so far on Thursday with solid export bookings is this morning’s report. CmdtyView’s national front month Cash Bean price is up 1 ¼ cents at $9.54 3/4. Front month Soymeal futures are up $1.40/ton. Soy Oil futures are up 88 points...
From
Mike Schuler
via
gCaptain
Senator Mark Kelly Pushes for Strengthening US Maritime Capacity in Senate Hearing
During a recent Senate Armed Services Committee hearing, Arizona Senator Mark Kelly, a Navy combat veteran and the only U.S. Merchant Marine Academy graduate in Congress, emphasized the critical need...
From
Mike Schuler
via
gCaptain
HIF Global Partners with MOL for e-Fuels Expansion
HIF Global, the world’s leading e-Fuels company, has announced a significant investment from Mitsui O.S.K. Lines (MOL) to finance the expansion of HIF Global’s e-Fuels projects in the USA, Australia,...
From
The Loadstar
via
gCaptain
Impending Port Strike: Carriers Announce Disruption Surcharges
By Gavin van Marle (The Loadstar) – As the possibility of strike action at ports on the US east and Gulf coasts draws nearer by the day, container shipping lines serving...
From
Reuters
via
gCaptain
The Rising Costs of Insuring Ships in the Red Sea
LONDON, Sept 19 (Reuters) – The cost of insuring a ship through the Red Sea has more than doubled since the start of September and some underwriters are pausing cover as the risk of attack...
From
Mike Schuler
via
gCaptain
Wärtsilä and Chevron Partner to Reduce Methane Slip in LNG Carriers
Finnish technology group Wärtsilä has joined forces with Chevron Shipping Company to convert engines on six of Chevron Transport Corporation’s LNG Carriers. The initiative aims to significantly reduce greenhouse gas...
From
Bloomberg
via
gCaptain
Ukraine War: US Warns Allies of Russia’s Sabotage Threats Against Global Shipping
By Alberto Nardelli, Jenny Leonard and Natalia Drozdiak (Bloomberg) — The US has warned its allies that Russia is targeting cargo shipping companies as it seeks to disrupt Ukraine’s partners, according...
From
Malte Humpert
via
gCaptain
Second ‘Shadow Fleet’ LNG Carrier Navigates Arctic’s Harsh Ice Conditions
By Malte Humpert (gCaptain) – Undeterred by tough sea ice conditions in the East Siberian and Chukchi Sea, Russia has dispatched a conventional LNG carrier across the Arctic. Asya Energy...
From
John Konrad
via
gCaptain
Forget Project 2025 — US Navy’s Project 33 Warplan is More Dangerous
by Captain John Konrad (gCaptain OpEd) The US Navy’s top Admiral has just unveiled her new “warfighting navy” plan, and it’s a doozy. Let’s cut to the chase: the plan...