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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
Bloomberg
via
gCaptain
South Africa’s Transnet, Union in Talks to Avoid Strike
(Bloomberg) — The biggest labor union at South Africa’s state-owned port and rail company are starting final talks with a third-party arbitrator to resolve a wage dispute and stave off...
From
Mike Schuler
via
gCaptain
Bipartisan Bill Aims to Modernize Coast Guard’s Merchant Mariner Credentialing System
U.S. Representatives Salud Carbajal (D-CA-24) and Mike Ezell (R-MS-4) have introduced the Mariner Exam Modernization Act, legislation aimed at overhauling the Coast Guard’s Merchant Mariner Credentialing exam system. The current...
From
Mike Schuler
via
gCaptain
U.S. Cracks Down on Global Network Facilitating Iranian Oil Trade
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on Tuesday a sweeping action targeting nearly two dozen firms involved in Iran’s illicit international oil trade....
From
Reuters
via
gCaptain
EU Ramps Up Pressure on Russia’s Economy with 17th Sanctions Package
The European Union must focus on a new sanctions package to suffocate Russia's economy and force President Vladimir Putin to end the war in Ukraine, France's foreign minister said on Wednesday.
From
Austin Schroeder
via
Barchart
Wheat Weakness Comes Back Early on Wednesday
Wheat is slipping lower so far on Wednesday morning. The wheat market saw Turnaround Tuesday action, with winter wheats posting gains. Chicago SRW futures turned higher on Tuesday, with nearbys closing up 2 cents. Preliminary open interest was up 6,617 contracts. There were 18 deliveries issued against May CBT wheat...
From
Austin Schroeder
via
Barchart
Corn Posting Early Wednesday Losses
Corn futures are showing weakness early so far on Wednesday, with 2 to 3 cent losses. The corn market was lower on Tuesday with contracts falling another 4 to 6 cents across the nearbys. Preliminary open interest was up 11,001 contracts on Tuesday. There were another 16 deliveries issued against...
From
Austin Schroeder
via
Barchart
Soybeans Rally from Early Weakness
The soybean market is trading with mixed trade on Wednesday morning, July is up 1 ¾ cents and November is down a penny. Soybeans saw contracts pulling well off their lows on Tuesday, with contracts up 1 to 2 cents in the nearbys. Preliminary open interest was up 3,023 contracts....
From
Malte Humpert
via
gCaptain
Russia to Spend $6bn To Jumpstart Domestic Shipbuilding, Includes 130 Vessels for Arctic
Russia has announced a RUB 500bn ($6bn) plan to revitalize domestic shipbuilding. The National Strategy for the Development of the Shipbuilding Industry outlines an extensive program to add 1,637 merchant vessels to its fleet by 2036.
From
Bloomberg
via
gCaptain
Hapag-Lloyd CEO Sees ‘Huge Surge’ in Volume Last Few Days
The world’s No. 5 container carrier is seeing a jump in business this week after the US and China lowered tariffs, the company’s CEO said, as the trade war cease-fire unleashes a wave of pent-up demand for transpacific shipping.
From
Darin Newsom
via
Barchart
Are Gold and Wheat Tied at the Hip?
I've seen some discussion about the supposed correlation between gold and wheat as a reason to be bullish the latter (or bearish the former).
From
Austin Schroeder
via
Barchart
Wheat Sees Positive Action on Tuesday
The wheat market saw Turnaround Tuesday action, with winter wheats posting gains. Chicago SRW futures turned higher on Tuesday, with nearbys closing up 2 cents. Kansas City HRW futures closed with 3 to 4 cent gains. Minneapolis spring wheat futures saw continued weakness, with losses of 3 to 4 cents....
From
Austin Schroeder
via
Barchart
Soybeans Rally from Early Weakness
Soybeans saw contracts pulling well off their lows on Tuesday, with contracts up 1 to 2 cent sin the nearbys. The cmdtyView Cash Bean price was up 1 3/4 cents to $10.22 3/4. Soymeal futures were down $3.80 to $5.20 so far on the day, with Soy Oil futures rallying...