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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
U.S. Lifts Decade-Old Security Restrictions on Ships Arriving From Nigeria
The United States has lifted security restrictions imposed on vessels arriving from Nigeria after more than a decade, the Marine and Blue economy Minister Adegboyega Oyetola said on Tuesday, in a move expected to cut shipping costs and boost the competitiveness of Nigerian ports.
From
Reuters
via
gCaptain
Opinion: Oil Market Starts Pricing in a Prolonged Hormuz Crisis
The oil market is increasingly behaving as though disruptions to Middle East energy supplies are not a temporary shock but a new reality.
From
Reuters
via
gCaptain
Trump Says No Talks are Taking Place With Iran and None are Scheduled
President Donald Trump said on Tuesday that talks between the U.S. and Iran were neither taking place nor scheduled but the Strait of Hormuz was open, while Iran said the shipping route would remain closed until the U.S. fulfilled the terms of an interim deal
From
Bloomberg
via
gCaptain
Saudis Offer to Sell Oil Near Oman, a Possible Sign They’re Sailing Dark Through Hormuz
Saudi Arabia is offering to sell oil from off the coast of Oman, a sign that the kingdom may be following the United Arab Emirates in shuttling more barrels through the Strait of Hormuz.
From
Mike Schuler
via
gCaptain
Seafarer Killed in Latest Strait of Hormuz Attack on Commercial Shipping
Two bulk carriers have been struck by projectiles in separate attacks while transiting the Strait of Hormuz, resulting in two crew casualties, including one seafarer killed aboard the Liberia-flagged Minoan Dignity....
From
Reuters
via
gCaptain
Saudi Arabia Resumes Oil Loadings, Sales From Inside Strait of Hormuz
Saudi Aramco resumed oil loading from inside the Strait of Hormuz last week and has more tankers waiting to load as the state energy giant offers spot heavy crude cargoes, according to shipping data and trade sources.
From
Bloomberg
via
gCaptain
Oil Supertanker Earnings on Mideast Route Near $510,000 a Day
Earnings for a supertanker procuring crude oil from within the Persian Gulf to Asia are nearing a two-month high, as exporters hunt for more vessels to deliver the fuel via the Strait of Hormuz even as the security situation remains uncertain.
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Mike Schuler
via
gCaptain
UK Leads 40-Nation Defensive Mission to Secure Strait of Hormuz
The United Kingdom is significantly expanding its military commitment to securing the Strait of Hormuz, announcing Tuesday that it will deploy autonomous mine-hunting systems, counter-drone technology, Typhoon fighter jets, and...
From
Chris Swift
via
Barchart
Shootin' the Bull about inflicting casualties
Today's market venue is not for the faint of heart. Massive volatility and price expanse are expected to inflict heavy casualties in the cattle industry.
From
Darin Newsom
via
Barchart
What Was Tuesday Wheat's Time to Shine?
Tuesday's session brought to mind an old saying, “Even the sun shines on a cockroach some days”.
From
Bloomberg
via
gCaptain
Supply-Chain Stress That Peaked in Covid Heads Higher Again
(Bloomberg) — The impact of the energy crisis on the global economy in recent months is showing up in gauges of supply-chain stress that flashed red during the pandemic, adding...
From
Mike Schuler
via
gCaptain
Maersk Keeping Strait of Hormuz Transits Suspended as Ceasefire Confidence Wavers
A.P. Moller – Maersk said Tuesday it is continuing to avoid transits through the Strait of Hormuz amid uncertainty surrounding the fragile ceasefire between the United States and Iran, underscoring the...
From
Austin Schroeder
via
Barchart
Wheat Rallying on Tuesday, with Some Limit Gains Following USDA Production Update
The wheat complex is posting strong gains across all three exchanges on Tuesday. Chicago SRW is 32 to 42 cents higher so far on Tuesday. KC HRW futures are up 35 to the 45 cent limit on Tuesday. MPLS spring wheat are rallying 30 to 40 ½ cents across most...
From
Austin Schroeder
via
Barchart
Soybeans Posting Strength as USDA Shows Tighter Stocks
Soybeans are in rally mode on Tuesday, with contracts up 11 to 17 cents on a friendlier USDA report from this morning. The cmdtyView national average Cash Bean price is up 14 1/2 cents at $11.61 3/4. Soymeal futures are up $3.70 to $5.10, with Soy Oil futures 80 to...
From
Austin Schroeder
via
Barchart
Corn Holding onto Tuesday Gains
Corn futures are holding up on Tuesday, despite a USDA report more on the bear side of things. Contracts are up 3 to 4 cents The CmdtyView national average Cash Corn price is up 3 3/4 cents to $4.38 3/4. The May WASDE report from this morning saw a 15...
From
Trent Klarenbach
via
Barchart
Hard Red Spring Wheat: WASDE Sparks New Highs
Hard Red Spring Wheat hits new highs following the latest WASDE report. Prairie farmers should watch for potential pullbacks before chasing market trends.
From
Mike Schuler
via
gCaptain
Bing, Bing, Gone: Is Trump Underestimating Iran’s Fast Attack Craft?
President Donald Trump’s latest social media bravado about Iranian “fast attack ships” may play well online, but maritime security experts and even the U.S. military’s own assessments suggest the threat...