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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
Canada’s Davie Sees US Shipyards as Key to Winning Icebreaker Contract
The owner of Canadian firm Davie Shipbuilding said on Wednesday that the key to winning a contract to build icebreakers for the United States is to develop local shipbuilding capacity there.
From
Mike Schuler
via
gCaptain
Davie Shipyard Begins Construction of Canada’s Flagship Polar Max Icebreaker
Davie shipyard has officially commenced construction on Canada’s flagship Polar Max icebreaker, marking a significant milestone in the country’s Arctic capabilities development. The steel cutting ceremony, held today in Lévis,...
From
Reuters
via
gCaptain
Russia Expects India to Keep Buying Its Oil and Seeks China-India-Russia Talks
Russia expects to continue supplying oil to India despite warnings from the United States, Russian embassy officials in New Delhi said on Wednesday, adding that Moscow hopes trilateral talks will soon take place with India and China.
From
Mike Schuler
via
gCaptain
Hurricane Erin Strengthens Near U.S. East Coast, Poses Significant Maritime Threat
Hurricane Erin has intensified to near-major hurricane strength with maximum sustained winds of 110 mph while moving northward through the western Atlantic, the National Hurricane Center reported Wednesday morning. The...
From
Mike Schuler
via
gCaptain
Fire Breaks Out on USS New Orleans Off Okinawa
A U.S. Navy amphibious transport dock ship, USS New Orleans (LPD-18), suffered a fire off the coast of Okinawa, Japan on Wednesday, prompting a coordinated international response from both U.S....
From
Mike Schuler
via
gCaptain
External Firefighters Join Marie Maersk Crew in Battle Against Container Fire Off West Africa
External firefighter crews have joined the Marie Maersk’s crew in actively combating a fire that broke out aboard the vessel one week ago, according to the latest update released today....
From
Bloomberg
via
gCaptain
India’s Nayara Turns to Dark Fleet and Russian Oil for Survival
One month after being hit by European Union sanctions, India’s Nayara Energy Ltd. is relying on a growing pool of dark-fleet tankers to transport its products, and a narrowing menu of crude imports to keep its operations running.
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From
Chris Swift
via
Barchart
Shootin' the Bull about upcoming video sales
Nearly half of all inventory marketed for the year will be between late June and end of August.
From
Mike Schuler
via
gCaptain
NTSB Investigates Fatal Mexican Tall Ship Allision with Brooklyn Bridge
The National Transportation Safety Board (NTSB) has initiated an investigation into the Mexican Navy training vessel Cuauhtémoc’s allision with the Brooklyn Bridge that resulted in two fatalities. The 297-foot vessel,...
From
Jim Wyckoff
via
Barchart
What 3 Key ‘Outside’ Commodity Markets Are Telling Us About Grains Prices This Week
The U.S. dollar, Nymex crude oil, and U.S. stock indexes each play key influential roles in determining how grains futures trade.
From
Austin Schroeder
via
Barchart
Wheat Starting the Week with Gains
The wheat market is trading with gains across all three markets at midday. Chicago SRW futures are up 1 to 2 cents. Kansas City HRW contracts are 4 to 5 cents in the green. Minneapolis spring wheat futures are 8 to 9 cents higher. Export Inspections data showed a total...
From
Austin Schroeder
via
Barchart
Soybeans Holding Higher at Midday
The soybean market is posting midday gains on Monday, with contracts stready to 3 cents in the green. The cmdtyView Cash Bean price is up 3/4 cents to $10.01. Soymeal futures are down $4.60/ton on the day, with Soy Oil futures back up 35 points. USDA reported a total of...
From
Austin Schroeder
via
Barchart
Corn Posting Monday Gains
Corn futures are trading with gains at Monday’s midday, with front months fractionally high and new crop up 3 to 4 cents. The front month CmdtyView national average Cash Corn price is up 3/4 cents at $4.16 ¼. Weekly Export Inspections data tallied corn shipments at 1.719 MMT (67.68 mbu)...
From
Reuters
via
gCaptain
Norway Launches Floating Offshore Wind Tender
Norway has launched the first part of its long-awaited inaugural floating wind tender, it said on Monday, offering subsidies to the winners despite the challenges faced by the global offshore wind industry.
From
Reuters
via
gCaptain
Shipping Giant CMA CGM Sees Cargo Jump After China Tariff Relief
Shipping giant CMA CGM SA is experiencing a sharp upswing in demand for freight transport out of China in a further signal that trade is rebounding after Beijing reached a temporary truce with the US to lower tariffs.
From
Mike Schuler
via
gCaptain
ZIM Reports Strong Q1 Results Amid Red Sea Crisis, Declares Dividend
Israeli container shipping company ZIM (NYSE: ZIM) reported strong first-quarter results today, with net income more than tripling to $296 million compared to $92 million in the same period last...
From
Mike Schuler
via
gCaptain
First Gulf Coast LNG Bunker Fueling Facility Secures Final Permits for 2027 Start
HOUSTON – The Galveston LNG Bunker Port (GLBP) has cleared its final regulatory hurdles after securing crucial permits from the U.S. Army Corps of Engineers and U.S. Coast Guard, setting...
From
The Loadstar
via
gCaptain
Transpacific Gridlock Looms Tariff Truce Triggers Freight Frenzy
Transpacific shippers keen to take advantage of the 90-day tariff time-out are likely to be faced with tight capacity and soaring freight rates as new volumes collide with delayed cargo.