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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
Malte Humpert
via
gCaptain
Chinese Icebreaker ‘Xue Long 2’ Operating North of Alaska, Two More En Route to Arctic
China’s first home-built polar icebreaker Xue Long 2 has arrived in the Arctic for its summer 2025 research mission. The vessel departed from Shanghai around two weeks ago on July 5. After passing through the Bering Strait in proximity to Alaska and entering the Chukchi Sea, the icebreaker has now turned east, traveling into the Beaufort Sea to the north of Alaska.
From
Bloomberg
via
gCaptain
Trump’s Critical Minerals Obsession Reignites Deep-Sea Mining
The leader of one of the most aggressive seabed mining startups spent years invoking global warming to spark interest in extracting avocado-sized rocks rich in electric-vehicle battery metals from the bottom of the ocean.
From
Bloomberg
via
gCaptain
Oil Shippers, Traders Stay Away from EU-Sanctioned Nayara Energy
Shipowners and oil traders are staying away from Russia-backed Nayara Energy Ltd. as part of the fallout faced by the Indian refiner, after it was singled out in the latest round of European Union sanctions.
From
Reuters
via
gCaptain
Holes in EU Russia Sanctions Put Attention Back on Trump Oil Threat
The European Union's latest effort to restrict Russia's oil revenue is unlikely to hurt Moscow's war effort severely, leaving U.S. President Donald Trump's threat of secondary sanctions one of the few remaining economic levers to pressure the Kremlin.
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.
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Austin Schroeder
via
Barchart
Soybeans Facing Pressure on Monday
Soybeans are trading with Monday losses of 9 to 12 cents across most contracts at midday with pressure coming from the products. CmdtyView’s national front month Cash Bean price is down 11 3/4 cents at $9.94 1/4. Soymeal futures are down $1.30/ton, with Soy Oil futures falling 74 points. Export...
From
Austin Schroeder
via
Barchart
Corn Pressured at Midday with Double Digit Losses
Corn futures are trading with 6 to 14 cent losses so far on Monday. The nearby CmdtyView national average Cash Corn price is down 13 3/4 at $4.25 3/4. Lack of precipitation across much of the Corn Belt in the next week is helping to push planting along. That along...
From
Austin Schroeder
via
Barchart
Wheat Posting Monday Losses
The wheat market is falling lower on Monday, with contracts in the red across the three markets. Chicago SRW futures are posting 10 to 11 cent losses so far on Monday. Kansas City HRW futures are falling 7 to 8 cents so far at midday. Minneapolis spring wheat futures are...
From
Mike Schuler
via
gCaptain
Coast Guard-Led Operation Targets Container Security in San Juan Port
The U.S. Coast Guard Sector San Juan, alongside multiple federal partner agencies, recently conducted a comprehensive Multi-Agency Strike Force Operation (MASFO) at a cargo container terminal in the Bay of...
From
Mike Schuler
via
gCaptain
Responders Cap Spewing Well in Louisiana Marsh
The U.S. Coast Guard and Louisiana Oil Spill Coordinator’s Office (LOSCO) have successfully secured an oil and natural gas discharge from Well 59 located in marshlands near Garden Island Bay,...
From
Reuters
via
gCaptain
South Korea’s Hanwha Ocean Targets US Navy Orders as Trump Seeks Shipbuilding Ties
SEOUL, May 5 (Reuters) – South Korean shipbuilder Hanwha Ocean aims to boost its revenue from overseas military vessels to around 4 trillion won ($2.91 billion) by 2030 and hopes to pick up...
From
Mike Schuler
via
gCaptain
DEME Completes Acquisition of Norwegian Offshore Wind Contractor Havfram
Belgian marine engineering giant DEME has completed its acquisition of Norwegian offshore wind contractor Havfram in a deal valued at approximately 900 million euros. The acquisition, first announced on April...
From
Oliver Sloup
via
Barchart
Cattle Futures Post Another Round of New Contract Highs
Livestock markets rounded out last week's trade with a higher close. Thanks to a strong fundamental backdrop, that has propelled futures higher yet again. How much more upside is left?
From
Mike Schuler
via
gCaptain
USS Miguel Keith Completes Historic Overhaul at Japanese Shipyard
The U.S. Navy’s expeditionary mobile base USS Miguel Keith (ESB-5) has completed a groundbreaking five-month Regular Overhaul (ROH) at Mitsubishi Heavy Industries (MHI) in Yokohama, Japan. The $12 million maintenance...
From
Austin Schroeder
via
Barchart
Wheat Mostly Weaker on Monday Morning
The wheat market is trading with weaker winter wheat action on Monday morning. Wheat bulls were trying their best to put in some sort of bottom, as futures rallied across the three exchanges on Friday. Chicago SRW futures were up 11 to 12 cents at the close on Friday, with...
From
Austin Schroeder
via
Barchart
Corn Pulling Back Early on Monday
Corn futures are trading with 2 to 4 cent losses on Monday morning. The corn market closed out the Friday session with some bear spreading, as nearby contracts were down 3 to 4 cents and new crop December was up 3 cents. July was down 16 ½ cents last week....