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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
Russia’s Lone Aircraft Carrier Likely to be Scrapped or Sold, Says Shipbuilding Chief
Russia's only aircraft carrier, the 40-year-old Admiral Kuznetsov, is likely to be sold or scrapped, the chairman of Russia's state shipbuilding corporation told the Kommersant newspaper in comments published on Friday.
From
Bloomberg
via
gCaptain
Australia, UK to Sign 50-Year Treaty for Nuclear Submarines
Australia and the UK will sign a landmark 50-year defense treaty on Saturday to underpin the construction of nuclear-powered submarines, senior ministers said following high-level talks in Sydney.
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...
The APS Information Center
For detailed updates and additional resources, explore our resources section.
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...
From
Bloomberg
via
gCaptain
Vietnam Protests China, Philippines Activity In Disputed Waters
By Francesca Stevens May 3, 2025 (Bloomberg) —Vietnam lodged a formal protest against China and the Philippines for activities that it said violate its sovereignty in the Spratly Islands area, in...
From
Reuters
via
gCaptain
India Bans Imports From Pakistan And Pakistani Ships
By Rupam Jain NEW DELHI, May 3 (Reuters) – India said on Saturday it had banned the import of goods coming from or transiting via Pakistan and barred Pakistani ships as tensions rise between the nuclear-armed neighbours in the wake of a deadly attack on...
From
Darren Carlat
via
Barchart
VIX calendar spread and a Soybean calendar spread
The VIX August, September calendar spread has hypothetically profited in all 16 of the past 16 years when entered on May 7 and exited on July 22.
From
Reuters
via
gCaptain
Russia Declares State Of Emergency At Port After Ukrainian Drone Attack
MOSCOW, May 3 (Reuters) – The mayor of the Russian port city of Novorossiisk declared a state of emergency on Saturday after local authorities said a Ukrainian drone attack had damaged a grain terminal...
From
Reuters
via
gCaptain
Peru Navy Vessel Collides With Perenco Oil Platform In Amazon, Killing At Least Two
LIMA, May 2 (Reuters) – A Peruvian navy vessel collided with an oil platform operated by Perenco on the Amazon River leaving two people dead and one missing Peru’s defense ministry said on Friday. The collision, which...
From
Brady Sidwell
via
Barchart
Relief rally in grains while cattle trade to yet another new high
Cattle Surge to New High
From
Jim Roemer
via
Barchart
(DOWNLOAD A FREE REPORT) - How "El Niño Neutral” is impacting corn planting and weather
Jim winds up his pitch at readers to swing for the spring/summer grain market play
From
Austin Schroeder
via
Barchart
Wheat Rallies Double Digits on Friday
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 weekly move of 2 cents lower for July. Kansas City HRW futures were...
From
Austin Schroeder
via
Barchart
Corn Closes Mixed on Friday
The corn market settled the Friday session with some bear spreading going on, as nearby contracts were down 3 to 4 cents and new crop December was up 3 cents. July was down 16 ½ cents this week. The nearby CmdtyView national average Cash Corn price was down 3 at...
From
Austin Schroeder
via
Barchart
Soybeans Post Gains to Head into the Weekend
Soybeans posted 6 to 9 cents gains across most nearby contracts on Friday, with July closing out the week with a 1 ¼ cent loss. CmdtyView’s national front month Cash Bean price was up 9 cents at $10.06 3/4. Soymeal futures posted a $2.50 to $3.70 on Friday, as July...