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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
U.S. Treasury Sanctions Key Houthi Petroleum Network in Yemen and UAE
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated two individuals and five entities involved in money laundering and petroleum importation that directly benefit the...
From
Mike Schuler
via
gCaptain
Shipping Magnate John Fredriksen Selling $337 Million London Mega-Mansion
Shipping billionaire John Fredriksen is leaving the UK after listing his historic London mansion for a eye-popping $337 million, according to reports. The 81-year-old Cypriot, worth an estimated $17 billion,...
From
Reuters
via
gCaptain
Putin Tightens Control Over Ports, Requiring FSB Approval for Foreign Ships
Foreign vessels will require the approval of Russia's FSB security service to access the country's ports, according to a decree signed by President Vladimir Putin.
From
Mike Schuler
via
gCaptain
BAR Technologies Lands Breakthrough LR2 Tanker Order for Wind Propulsion
BAR Technologies has secured a landmark order to install its WindWings propulsion system on two new LR2 dual-fuel tankers, marking one of the first major wind propulsion deployments for this...
From
Mike Schuler
via
gCaptain
BIMCO Introduces Standard Clause to Address USTR’s Chinese Ship Fees
BIMCO, the world’s largest shipping association and leading provider of standardized maritime contracts and clauses, has adopted a standard clause to address contractual uncertainties stemming from the United States Trade...
From
Mike Schuler
via
gCaptain
Hanwha Philly Shipyard Lands First U.S. LNG Carrier Order in Decades From Hanwha Affiliate
Hanwha Shipping, a unit of South Korean conglomerate Hanwha Group, announced today it has ordered a liquefied natural gas (LNG) carrier from Hanwha Philly Shipyard, marking the first U.S.-ordered, export-market-viable...
From
Mike Schuler
via
gCaptain
Falling Container Imports Hint at Tariff-Driven Slowdown for U.S. Economy
The ten largest US ports recorded a 7.9% year-over-year drop in inbound container volume in June, marking the second consecutive month of declines following May’s 6.6% decrease, according to the...
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From
Susan Stroud
via
Barchart
No Bull | The Five Spot
5 | Five weeks History says we have about five weeks remaining before new crop corn futures fall off a cliff: 4 | A dramatic rise Brazil’s Safrinha production is the primary driver behind the country’s dramatic rise as a major world corn exporter. In the last two decades, Brazil’s...
From
Mike Schuler
via
gCaptain
Xeneta: SHIPS for America Act Adds New Layer of Complexity to US Maritime Trade
The recently reintroduced SHIPS for America Act is creating additional challenges for ocean container shippers in 2025, adding a new layer of complexity to an already intricate US maritime regulatory...
From
Trent Klarenbach
via
Barchart
Wheat is Not Dead....Yet
Analysis of the weekly Wheat chart displaying several trendlines and how the 525 level continues to be tested.
From
Bloomberg
via
gCaptain
US Trade Deficit Widens to a Record on Pre-Tariff Drug Imports
The US trade deficit widened to a record in March as companies rushed to import products including pharmaceuticals as the Trump administration readied sweeping tariffs.
From
Mike Schuler
via
gCaptain
Bollinger and Edison Chouest Form Strategic Alliance to Fast-Track U.S. Arctic Icebreaker Production
Bollinger Shipyards and Edison Chouest Offshore (ECO) announced today the formation of the United Shipbuilding Alliance (USA), a strategic partnership aimed at expediting the construction of next-generation icebreakers for Arctic...
From
Austin Schroeder
via
Barchart
Soybeans Holding Tuesday AM Losses as Fast Plant Pace Continues
Soybeans are leaking lower early on Tuesday morning as USDA reports a speedy planting pace. Contracts are down 2 to 5 cents, after falling lower on Monday, with contracts down 8 to 13 cents across most months at the close. Preliminary open interest was down 1,015 contracts on Monday. There...
From
Austin Schroeder
via
Barchart
Wheat Sneaking Higher after Ratings Improvement
Wheat futures are reversing recent action as winter wheat contracts are higher on Tuesday morning, with spring wheat showing weakness. The wheat market fell lower across the three markets on Monday. Chicago SRW futures were 11 to 13 cents lower on Monday. There were 2 deliveries against May CBT wheat...
From
Austin Schroeder
via
Barchart
Corn Trying to Bounce Back on Tuesday Morning
The corn market is trading with 2 to 3 cent nearby gains early on Tuesday, with new crop December down ½ cent. Futures closed out the Monday session with contracts down 14 to 15 cents in the front months and 7 to 8 cents in the new crop contracts. Preliminary...
From
Bloomberg
via
gCaptain
Chinese Trade Flow Resilient at End of April Despite US Tariffs
China’s trade flows increased at the end of April, indicating the damage from US tariffs has yet to manifest in actual shipments even though the trade war is widely expected to eventually slow the world’s second-largest economy.
From
Reuters
via
gCaptain
As Trump Tariffs Sink in, Canadian Companies Pivot From US to New Markets
A manufacturer of capsules and tablets for the pharmaceuticals industry is scouting Asia for new partners. A steel component maker, with a client base in the United States stretching back 35 years, is telling customers to expect to pay higher prices. Another company, that produces mascot costumes for sporting or school events, is lowering its prices so as not to lose American customers.
From
Ben DiCostanzo
via
Barchart
Hogs Consolidate While Cattle Markets Make New All-Time Highs
Cattle Markets Rally to new highs with Cash Markets at new all-time high prices
From
Austin Schroeder
via
Barchart
Wheat Weakness Comes Back on Monday
The wheat market fell lower across the three markets on Monday. Chicago SRW futures were 11 to 13 cents lower on Monday. Kansas City HRW futures were under pressure on Monday with contracts 8 to 9 cents in the red. Minneapolis spring wheat futures was the firmest of the three...