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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
Critical Rudder Failure: Bulk Carrier Narrowly Avoids Grounding After Maintenance Error
A fully loaded bulk carrier narrowly avoided disaster when its rudder completely broke off during departure from a New Zealand port, highlighting critical failures in maintenance procedures that could have...
From
Bloomberg
via
gCaptain
Supertanker Hauling Saudi Diesel Heads to Fuel-Starved Europe
A supertanker carrying a cargo of diesel from the Middle East is en route to the fuel-starved European market, reflecting supply tightness in the region.
From
The Loadstar
via
gCaptain
Transpacific and Asia-Europe Spot Rates Soften Despite Looming GRIs
Spot container freight rates on the transpacific and Asia-Europe trades continued to soften this week, with no general rate increases (GRIs) or peak season surcharges (PSSs) to halt the slide.
From
Reuters
via
gCaptain
CK Hutchison Ports Deal Deadline Likely to be Extended as US-China Tensions Weigh
CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalized anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.
From
Mike Schuler
via
gCaptain
Oil Production Resumes at Santa Ynez Unit After Decade-Long Shutdown Following Major California Spill
After nearly a decade of inactivity following one of California’s worst oil spills in recent history, production has resumed at the Santa Ynez Unit (SYU) in the Pacific. The restart...
From
Mike Schuler
via
gCaptain
Sri Lankan Court Orders $1 Billion Payment for X-Press Pearl Disaster
Sri Lanka’s highest court on Thursday ordered a Singaporean shipping firm to pay US$1 billion in damages for the island’s worst marine pollution caused by its sunken vessel. The Supreme...
From
Mike Schuler
via
gCaptain
Energy Giants Saipem and Subsea7 Announce $23 Billion Merger Deal
Saipem and Subsea7 have signed a binding merger agreement to create a global powerhouse in energy services. The resulting entity, to be named Saipem7, will combine the two companies’ complementary...
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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....
From
Austin Schroeder
via
Barchart
Soybeans Falling Out of the Weekend
Soybeans are trading with 2 to 8 cent losses early on Monday. Futures posted 6 to 9 cents gains across most nearby contracts on Friday, with July closing out the week with a 1 ¼ cent loss. Preliminary open interest was up 10,251 contracts on Friday, with May OI at...
From
Bloomberg
via
gCaptain
European Firms Fare Better Than Feared Through Early Trade Pain
European firms are reporting earnings significantly ahead of expectations, allowing for some relief in the market, but tariffs and the uncertain path of economic growth continue to cloud the outlook.
From
Reuters
via
gCaptain
Philippine Coast Guard Says China Ship Conducting Illegal Survey Within EEZ
The Philippines has deployed a coast guard vessel and an aircraft to challenge and escort a Chinese research ship it said was conducting illegal marine scientific research activities within the country's exclusive economic zone.
From
Reuters
via
gCaptain
OPEC+ To Further Speed Up Oil Output Hikes
By Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW, May 4 (Reuters) – OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November,...
From
Bloomberg
via
gCaptain
Sudan Army Says RSF Attacks Key Port With Drones For First Time
By Mohammed Alamin May 4, 2025 (Bloomberg) –Sudan’s army said its opponents used drones to strike a military airbase and other locations in Port Sudan, the first apparent attacks of that...
From
Nick Ehrenberg
via
Barchart
Grain/Livestock Overview & New ONE44 Video on Fibonacci Retracements
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
From
Reuters
via
gCaptain
NGO Says Malta Blocking Access To Gaza-Bound Aid Ship Hit By Drones
By Christopher Scicluna VALLETTA, May 4 (Reuters) – An international NGO accused Malta on Sunday of impeding access to a Gaza-bound humanitarian aid ship which it says was bombed by two drones two days...
From
Bloomberg
via
gCaptain
Trump’s Push For Deep-Sea Metals Clashes With UN Ocean Treaty
By Todd Woody May 1, 2025 (Bloomberg) –President Donald Trump first set his sights on Canada and Greenland’s mineral resources. Now he’s eyeing the global seabed that holds vast troves of critical metals for green technologies...
From
Reuters
via
gCaptain
Ukraine Says It Shot Down Russian Fighter Jet From Sea Drone For First Time
KYIV, May 3 (Reuters) – Ukraine destroyed a Russian Su-30 fighter jet using a missile fired from a seaborne drone, Ukraine’s GUR military intelligence agency announced on Saturday, in what it said was the...