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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
John Konrad
via
gCaptain
WATCH: How US Military Logistics Works
by John Konrad (gCaptain) Contrary to popular belief, Maersk is not the world’s largest shipping company, nor is Delta the world’s largest airline. However, both companies have substantial transportation contracts...
From
Austin Schroeder
via
Barchart
Wheat Creeping Lower on Wednesday
The wheat complex is showing lower trade as we head through the midday session, backing off from the early morning strength. Chicago SRW futures are down 1 to 2 cents at midday. KC HRW is showing 2 to 3 cent lower trade. MPLS spring wheat is 2 to 4 cents...
From
Austin Schroeder
via
Barchart
Corn Slipping Lower at Midday
Corn futures are fading off the early Wednesday session strength at midday, with contracts down fractionally to a penny. The front month national Cash Corn price from cmdtyView us down a penny at $3.76 ¼ per bu. Weekly EIA data showed 1.049 million barrels per day of ethanol production during...
From
Austin Schroeder
via
Barchart
Soybeans Falling Off Early Session Highs
Soybeans were posting double digit gains to start the day session, but are fading back to just 1 to 2 cent higher trade at midday. CmdtyView’s national front month Cash Bean price is up 1 ¾ cents at $9.46 ¾. Front month Soymeal futures are down $2.10/ton. Soy Oil futures...
From
Mike Schuler
via
gCaptain
U.S. Sues DALI Shipowner and Manager for $100 Million Over Baltimore Bridge Collapse
The U.S. Justice Department filed a civil lawsuit on Wednesday against the owner and operator of the containership that destroyed the Francis Scott Key Bridge in Baltimore, seeking more than...
From
Josh Guerrlich
via
gCaptain
Russian Oil Earnings Slide as Waning Prices Counter Higher Flows
(Bloomberg) — A further slump in weekly average oil prices more than offset a small increase in flows from Russian ports, intensifying pressure on Moscow as it grapples with a weakening global market....
From
Mike Schuler
via
gCaptain
U.S. Navy Enhances Sea Base Capabilities with Delivery of Future USS Robert E. Simanek
The U.S. Navy took delivery of its newest Expeditionary Sea Base (ESB) ship, the future USS Robert E. Simanek (ESB 7), named after the Korean war hero. The addition to...
From
Mike Schuler
via
gCaptain
Dry Bulk Ship Recycling Hits 16-Year Low
Dry bulk ship recycling has plummeted to its second-lowest level in 16 years, with only 45 ships recycled so far in 2024, according to BIMCO, the world’s largest trade association...
From
Mike Schuler
via
gCaptain
Maersk: Global Shipping Market Poised for Balance Despite Challenges
The global shipping industry is expected to achieve a more balanced supply and demand environment as it enters the fourth quarter of 2024, according to Maersk’s Asia Pacific Market Update...
From
Mike Schuler
via
gCaptain
Trade Groups Urge Biden to Act as East and Gulf Coast Port Strike Looms
A coalition of 177 trade associations has appealed to President Biden for immediate intervention in stalled labor negotiations between the International Longshoremen’s Association (ILA) and port employers represented by the...
From
Oliver Sloup
via
Barchart
Grain Markets Firm in the Early Morning Trade
Grain markets are firm in the overnight and early morning trade, will it last through today’s trade?
From
Austin Schroeder
via
Barchart
Soybeans Starting Wednesday with a Rally
Soybeans are getting things started on Wednesday with a morning bounce of 12 to 13 cents. Futures settled Tuesday with contracts steady to 1 ½ cents higher. CmdtyView’s national front month Cash Bean price was up 1 ¼ cents at $9.44 ¾. Front month Soymeal futures was down $1.90 to...