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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
Mike Schuler
via
gCaptain
Seafarer Killed in Latest Strait of Hormuz Attack on Commercial Shipping
Two bulk carriers have been struck by projectiles in separate attacks while transiting the Strait of Hormuz, resulting in two crew casualties, including one seafarer killed aboard the Liberia-flagged Minoan Dignity....
From
Reuters
via
gCaptain
Saudi Arabia Resumes Oil Loadings, Sales From Inside Strait of Hormuz
Saudi Aramco resumed oil loading from inside the Strait of Hormuz last week and has more tankers waiting to load as the state energy giant offers spot heavy crude cargoes, according to shipping data and trade sources.
From
Bloomberg
via
gCaptain
Oil Supertanker Earnings on Mideast Route Near $510,000 a Day
Earnings for a supertanker procuring crude oil from within the Persian Gulf to Asia are nearing a two-month high, as exporters hunt for more vessels to deliver the fuel via the Strait of Hormuz even as the security situation remains uncertain.
From
Mike Schuler
via
gCaptain
Canada’s Most Powerful Icebreaker Reaches North Pole
Canada’s largest and most powerful icebreaker has reached the North Pole as part of a multi-year effort to map the country’s continental shelf and reinforce its presence in the Arctic....
From
Mike Schuler
via
gCaptain
Army Corps Greenlights Major New Container Terminal on Mississippi River
The U.S. Army Corps of Engineers has granted the federal permit needed to build the Louisiana International Terminal, clearing a major regulatory hurdle for the planned deepwater container terminal on...
From
Mike Schuler
via
gCaptain
Antin Acquires Vigor Marine Group as U.S. Shipyard Investment Grows
Antin Infrastructure Partners has completed its acquisition of Vigor Marine Group from an affiliate of Lone Star Funds, bringing one of the largest U.S. ship repair and marine services groups...
From
Bloomberg
via
gCaptain
Trump Rejects Iran Truce Extension as Oil Tops $90
The prospects for peace in the Middle East suffered a fresh setback, with President Donald Trump saying he’s not interested in extending the expiring agreement with Iran and fighting flaring anew in Lebanon.
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From
Reuters
via
gCaptain
Greek-Operated Tanker Breaks Through Hormuz Gridlock
A Greek-operated tanker sailed from the Gulf to India on Friday after crossing the Strait of Hormuz in one of the few crude sailings through the waterway this week, ship tracking data showed on Friday.
From
Bloomberg
via
gCaptain
Iran Seizes Chinese-Owned ‘Floating Armory’ Ship Near Hormuz
Iran seized a Chinese-owned ship that’s one of a handful of so-called floating armories that operate in the region, according to two maritime security consultants who asked not to be identified discussing sensitive information.
From
Chris Swift
via
Barchart
Shootin' the Bull about wrapping up the week.
Most contract months closed a little lower than last week, but for the most part, the week was filled with $5.00 to $9.00 ranges within the day.
From
Austin Schroeder
via
Barchart
Wheat Extends Losses at Midday
The wheat market is retreating lower on Friday, with contracts down across the three exchanges at midday. Chicago SRW futures are trading with 24 to 25 cents in the red. KC HRW futures are 22 to 24 cents lower in the front months at midday. MPLS spring wheat is trading...
From
Austin Schroeder
via
Barchart
Soybeans Pushing Correction to Midday
Soybeans are pushing the retreat to Friday, with contracts down 14 to 15 cents at midday. The cmdtyView national average Cash Bean price is down 19 cents at $11.09 1/4. Soymeal futures are back up 70 cents to $1.70, with Soy Oil futures falling steady at midday. There was 1...
From
Austin Schroeder
via
Barchart
Corn Continuing Weakness to Friday
Corn futures are down 9 to 11 cents in the front months on Friday. There were 124 deliveries issued for May corn futures overnight. The CmdtyView national average Cash Corn price is down 11 cents to $4.16 3/4. Export Sales data showed total corn commitments at 77.748 MMT as of...
From
Mike Schuler
via
gCaptain
$13 Billion Commonwealth LNG Project Gets Green Light in Louisiana
Caturus announced Friday it has reached final investment decision (FID) on the long-delayed 9.5 million tonnes per annum (mtpa) Commonwealth LNG export terminal in Cameron Parish, Louisiana, backed by $9.75 billion in project...
From
Reuters
via
gCaptain
Panama Canal Aims to Avoid Repeat of 2023 Drought Crisis as El Niño Looms
The Panama Canal is not planning vessel passage restrictions for the remainder of 2026 even if an El Niño weather pattern begins in the second half of the year as predicted, potentially leading to another drought in the Central American country, the waterway told Reuters.
From
Reuters
via
gCaptain
Trump Says Patience With Iran ‘Running Out’ After Xi Talks on Hormuz
U.S. President Donald Trump said his patience with Iran was running out and that Chinese President Xi Jinping had agreed that Tehran must reopen the Strait of Hormuz, but China gave no indication it would weigh in.
From
Bloomberg
via
gCaptain
UAE Will Double Oil Export Capacity Bypassing Hormuz by 2027
The United Arab Emirates will double its capacity to export crude oil bypassing the Strait of Hormuz by next year, as it seeks to reduce reliance on the shipping chokepoint.
From
Austin Schroeder
via
Barchart
Corn Extending Losses into Friday Morning
Corn price action is down 4 to 5 cents so far on Friday morning. Futures were down 9 to 15 cents in the front months on Thursday, falling with the rest of the grain complex as very few details were announced out of the Trump/Xi meeting. Preliminary open interest was...
From
Austin Schroeder
via
Barchart
Soybeans Continuing Pullback on Friday Morning
Soybeans are showing 11 to 13 cents lower trade so far on Friday after collapsing on Thursday. Futures posted 20 to 40 ¾ cent losses across most contracts on Thursday. The cmdtyView national average Cash Bean price was down 36 cents at $11.28. Soymeal futures were back down $3.90 to...