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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
Cargo Ship Destroyed in New Attack Off Yemen
A cargo ship has been declared a constructive total loss after being struck by multiple unknown projectiles off Yemen, marking another attack in an increasingly volatile southern Red Sea. UK...
From
Mike Schuler
via
gCaptain
Port of Los Angeles Nears 1 Million TEUs in Second-Busiest July
The Port of Los Angeles handled nearly 1 million containers in July, extending a run of historically strong cargo volumes even as an early peak shipping season begins to wind...
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....
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From
Bloomberg
via
gCaptain
Iraqi Supertanker Pulls Back From U.S. Hormuz Blockade
The Strait of Hormuz remains largely shuttered, with Iran-linked vessels dominating what little traffic is moving across the waterway. An Iraqi supertanker’s rare passage has come to a halt after a retreat from the US naval blockade line.
From
Paul Morgan
via
gCaptain
America’s Nuclear Shipping Revival Is About More Than Reactors
Sean Duffy’s MARAD initiative may look like another Trump-era energy dominance announcement, but beneath the politics lies a serious industrial question: can the United States build the regulatory, shipyard, insurance...
From
Mike Schuler
via
gCaptain
Foreign Operators of M/V Dali Indicted Over Fatal Baltimore Bridge Collapse
Federal prosecutors have brought criminal charges against the foreign ship management companies and a technical superintendent tied to the catastrophic collapse of Baltimore’s Francis Scott Key Bridge, marking a major...
From
Austin Schroeder
via
Barchart
Corn Starting Tuesday with Early Strength
Corn prices are up 3 to 4 cents so far on Tuesday. Futures closed the Monday session with contracts up 3 to 5 cents across most contracts. Open interest showed modest short covering, down 3,444 contracts, mainly in July (-9,266). The CmdtyView national average Cash Corn price was up 4...
From
Austin Schroeder
via
Barchart
Soybeans Trading with Early Tuesday Gains Ahead of USDA Report
Soybeans are trading with 2 to 5 cent gains on Tuesday morning. Futures saw gains of 2 ¼ to 5 ½ cents across the board on Monday. Net new buying was noted, with open interest up 2,921 contracts, heavily in November (+3,969). The cmdtyView national average Cash Bean price was...
From
Austin Schroeder
via
Barchart
Wheat Starting Tuesday with Gains as Crop Conditions Drop
Wheat is extending the bounce from Monday, with early Tuesday double digit gains. The wheat complex closed Monday with gains across all three markets. Chicago SRW was 10 ¾ 15 cents higher across the board on Monday. Open interest suggested new buying, up 2,947 contracts, mainly in December (+4,057) KC...
From
Darin Newsom
via
Barchart
Why is Tuesday Like Christmas to the BRACE Industry?
For those who live and breathe only because the government is benevolent enough to bestow imaginary numbers on them, Tuesday is their day.
From
Reuters
via
gCaptain
Planes With Hantavirus Cruise Passengers Land in the Netherlands; Hospital Quarantines 12
Two planes with 28 passengers from the MV Hondius cruise ship, which was hit by a hantavirus outbreak, landed in the Netherlands on Tuesday and a Dutch hospital treating a hantavirus patient quarantined 12 staffers in a preventative measure.
From
Bloomberg
via
gCaptain
Iran War Ceasefire Fragile as US Rejects Tehran’s Latest Offer
Shipping traffic in the Strait of Hormuz remained at a standstill on Tuesday, with oil rising after US President Donald Trump rejected Iran’s latest offer and suggested the ceasefire may not hold.
From
Mike Schuler
via
gCaptain
Photos Appear to Show Fire Aboard Iranian VLCC Disabled by U.S. Navy
New images circulating online appear to show damage and an active fire aboard the Iranian tanker Sea Star III days after the vessel was disabled by a U.S. Navy fighter jet during...