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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
Mike Schuler
via
gCaptain
Spot Rates Jump as Shippers Rush to Beat Tariff Clock
Container freight spot rates shot up on the transpacific trades this week, with an immediate surge in demand following news of a new 90-day hiatus in the China-US trade war.
From
Austin Schroeder
via
Barchart
Wheat Falling on Friday
The wheat market is trading with contracts weaker on Friday. Chicago SRW futures are trading with contracts down 7 to 8 cents so far on Friday. Kansas City HRW contracts are falling 10 to 11 cents at the midday part of the session. Minneapolis spring wheat futures are down 4...
From
Austin Schroeder
via
Barchart
Soybeans Posting Mixed Trade
The soybean market is trading with contracts down 1 to 3 cents in the front months and new crop contracts up fractionally. The cmdtyView Cash Bean price was down 3 1/2 cents to $9.98 ½. Soymeal futures are down $4.10/ton so far on the day, with Soy Oil futures down...
From
Austin Schroeder
via
Barchart
Corn Weakness Extends to Friday’s Midday
Corn futures are trading with contracts 3 to 4 cents in the red so far on Friday. The front month CmdtyView national average Cash Corn price was down 3 ¼ cents at $4.17 ¾. Precipitation over the next week covers much of the Corn Belt. While some areas in the...
From
Reuters
via
gCaptain
US LNG Exporters Push Forward New Projects Despite Trade War Uncertainty
Woodside Energy's decision last month to proceed with its Louisiana LNG export facility was the first of over 90 million tonnes of new LNG shipping capacity U.S. companies plan to approve this year despite uncertainty about President Donald Trump's trade war, according to company statements and analysts.
From
Malte Humpert
via
gCaptain
South Korean Shipbuilders HD Hyundai and Hanwha Pitch Port Cranes to Help Rebuild U.S. Maritime Sector
HD Hyundai and Hanwha Ocean Co., South Korea’s two largest shipbuilders, offered their expertise to help boost the U.S. shipbuilding industry and port infrastructure.
From
Bloomberg
via
gCaptain
Egypt in Talks to Buy LNG Through 2030 to Offset Weak Production
Egypt is looking to buy liquefied natural gas through the end of the decade, a move to meet surging summer power demand and supplant flagging domestic production.
From
Austin Schroeder
via
Barchart
Soybeans Slipping Early on Friday, as Oil Losses Continue
The soybean market is trading with weakness so far on Friday morning as bean oil pressure continues. Futures are down 1 to 3 cents. Soybeans were under pressure for much of the Thursday session with contracts down 25 to 28 cents at the close, pressured by losses in bean oil....
From
Austin Schroeder
via
Barchart
Wheat Steady to Start Friday
Wheat is holding close to unchanged on Friday morning. The wheat market posted higher trade on Thursday, with all three exchanges gaining steam. Chicago SRW futures were up 7 to 8 cents across most contracts at the close. Thursday’s Preliminary open interest was down 2,292 contracts. Kansas City HRW futures...
From
Austin Schroeder
via
Barchart
Corn Steady Early on Friday
Corn futures are trading with contracts mixed but sticking close to unchanged. The corn market closed the Thursday session with July up 3 cents, as Export Sales data was supportive. New crop contracts were down 1 to 3 cents. Preliminary open interest was up 6,431 contracts on Thursday, mostly in...
From
Malte Humpert
via
gCaptain
Salvage Tug Reaches ‘Maersk Sana’ After More Than Two Weeks Adrift in Atlantic
Importers rushing to ship Chinese goods to the US using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters.
From
Bloomberg
via
gCaptain
Tariff Truce Spurs Pacific Trade Rush, Boosting Global Shippers
Importers rushing to ship Chinese goods to the US using a short reprieve from paralyzing tariffs could provide a much-needed boost to global freighters.