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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 Thursday Morning
Soybean futures are trading with Thursday morning weakness of 2 to 3 cents. They fell to just slight midday gains on Wednesday, but bulls found some late session strength to close with 5 to 8 cent gains. CmdtyView’s national front month Cash Bean price was up 8 ¼ cents at...
From
Austin Schroeder
via
Barchart
Wheat Sliding into Thursday AM
Futures are starting off the Thursday session with 4 to 6 cent lower trade. The wheat complex saw steady to lower trade on the Wednesday session, backing off from the early morning strength. Chicago SRW futures were unchanged in most contract, with March down ¼ cent. KC HRW showed fractional...
From
Austin Schroeder
via
Barchart
Corn Slipping Back Lower to Begin Thursday
Corn prices are kicking off the Thursday session with losses of 2 to 2 ½ cents. Futures faded off the early Wednesday session strength at midday, but contracts closed with steady to fractional gains on the day. A few deferreds were down ¼ to ½ cents. The front month national...
From
Oliver Sloup
via
Barchart
Grains Pullback Overnight. Is this a Buying Opportunity?
Grain markets were weaker in the overnight and early morning trade. More downside to come or is this a buying opportunity?
From
Chris Swift
via
Barchart
Shootin' the Bull about rate cuts
I find it more than interesting the Fed cut rates by a half. I say that due to my initial analysis of economic government reports not reflecting the inflation impact on most consumers.
From
Mike Schuler
via
gCaptain
U.S. Port Strike Would Spark Supply Chain Problems from the Outset, CMA CGM Warns
By Lisa Baertlein LOS ANGELES, Sept 18 (Reuters) – A threatened Oct. 1 strike by dockworkers at ports on the U.S. East Coast and Gulf of Mexico would immediately disrupt the flow of goods...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
Slow day - Fed's 1/2 point cut and absurd Soybean prices
From
Bloomberg
via
gCaptain
Trump Trade Wars: A Look At Winners And Losers Since 2016
by Tom Orlik (Bloomberg) Who Loses in Trump’s Endless Trade War? In 2016, Donald Trump campaigned for the US presidency on a promise to beat China. Once in office, he unleashed a...
From
Mike Schuler
via
gCaptain
Port of Los Angeles Sees Record-Breaking Cargo Surge
The Port of Los Angeles experienced its busiest non-pandemic month ever in August 2024, handling 960,597 Twenty-Foot Equivalent Units (TEUs), a 16% increase from the previous year. This surge in...
From
Mike Schuler
via
gCaptain
California Maritime Safety Bill Awaits Governor’s Signature
California’s maritime industry is calling on Governor Gavin Newsom to sign Assembly Bill 1122 into law, citing crucial safety and operational benefits for the state’s ports and mariners. The bill,...
From
Mike Schuler
via
gCaptain
NYK to Launch Eco-Friendly Ship Recycling in Japan
Japan-based shipping group Nippon Yusen Kabushiki Kaisha (NYK) and compatriot Oono Development have signed a memorandum of understanding (MoU) to jointly explore the commercialization of responsible ship recycling in Japan....