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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
Wheat Popping on Wednesday AM Trade
The wheat complex is showing steady to 6 cent higher trade on Wednesday morning. Futures ended the Tuesday session mixed across all three exchanges hard red contracts showed the most strength. Chicago SRW futures were down ¾ to 2 ¾ cents at the close. KC HRW was mixed, with front...
From
Austin Schroeder
via
Barchart
Corn Pushing Higher to Begin the Midweek Session
Corn prices are trading with 1 to 2 cent gains so far on Wednesday morning. Futures closed out the Tuesday session with contracts up 1 to 2 ½ cents, fighting off some intraday weakness. The front month national Cash Corn price from cmdtyView was up 2 cents at $3.77 ¼...
From
John Konrad
via
gCaptain
Oxfam’s £2 Billion Proposal: Tax UK Superyachts and Private Jet Fuel
In an increasingly polarized political climate, Oxfam has turned its attention to a fat target in the fight against carbon emissions: the ultra-wealthy. The charity claims that taxing superyachts and...
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
Austin Schroeder
via
Barchart
Wheat Closes with Mixed Trade
Wheat futures ended the Tuesday session mixed across all three exchanges hard red contracts showed the most strength. Chicago SRW futures were down ¾ to 2 ¾ cents at the close. KC HRW was mixed, with front months steady to ½ cent lower and back month ¼ to ½ cent...
From
Austin Schroeder
via
Barchart
Corn Ends with Gains on Tuesday
Corn futures closed out the Tuesday session with contracts up 1 to 2 ½ cents, fighting off some intraday weakness. The front month national Cash Corn price from cmdtyView was up 2 cents at $3.77 ¼ per bu. USDA’s Crop Progress report showed corn crop ratings up 1% to 65%...
From
Austin Schroeder
via
Barchart
Soybeans Hold Higher on Tuesday
Soybean 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 2.20/ton. Soy Oil futures were up 58 to 80 points across the board, with gains...
From
Mike Schuler
via
gCaptain
Woodland Biofuels Invests $1.35 Billion in Louisiana for World’s Largest Carbon-Negative Renewable Energy Facility
Toronto-based Woodland Biofuels has unveiled plans for a groundbreaking $1.35 billion investment at the Port of South Louisiana. The project aims to establish the world’s largest carbon-negative renewable natural gas...
From
Mike Schuler
via
gCaptain
Department of Interior Announces Major Offshore Wind Lease Sale for New England Coast
The U.S. Department of the Interior has announced a substantial offshore wind energy lease sale set for October 29, 2024. The sale will cover eight areas off the coasts of...