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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
Austin Schroeder
via
Barchart
Corn Closes with Monday Gains
Corn futures closed the Monday session with contracts up 3 to 5 cents across most contracts. The CmdtyView national average Cash Corn price was up 4 cents to $4.34 3/4. USDA reported a couple private export sales of corn this morning, with 380,000 MT (220,000 MT for 2025/26 and 160,000...
From
Austin Schroeder
via
Barchart
Soybeans Gains Holding on Monday’s Midday
Soybeans saw gains of 2 ¼ to 5 ½ cents across the board on Monday. The cmdtyView national average Cash Bean price was up 5 1/4 cents at $11.46 1/2. Soymeal futures were up $1.90 to $5.40, with Soy Oil futures 2 to 58 points lower. The weekly Crop Progress...
From
Austin Schroeder
via
Barchart
Wheat Rallies on Monday, with Crop Conditions Deteriorating
The wheat complex closed Monday with gains across all three markets. Chicago SRW was 10 ¾ 15 cents higher across the board on Monday. KC HRW futures were up 8 ½ to 12 ¼ cents at the close, with front month may up a penny. MPLS spring wheat were up...
From
Chris Swift
via
Barchart
Shootin' the Bull about undercutting both producers and processors
It was anticipated for there to be a reduction in processing or production capacity sooner, than later. Either would have helped to curtail the continual bidding higher to make sure inventory wound up at your place and not your competitor. Unfortunately, this step by the President undercuts both production and processing, at the same time.
From
Mike Schuler
via
gCaptain
Trump’s Economic Fury Targets Iranian Oil Network as U.S. Expands Pressure Campaign
The Trump administration on Monday unveiled a sweeping new round of sanctions targeting the Islamic Revolutionary Guard Corps’ (IRGC) global oil network, escalating its “Economic Fury” campaign aimed at cutting...
From
Lori Ann LaRocco
via
gCaptain
Port of Los Angeles Chief Says Shipping Won’t Normalize Without Lasting Hormuz Stability
By Lori Ann LaRocco – The Port of Los Angeles reported strong results in April, but the port’s head warns that high energy prices are hitting the trucking community hard....
From
Mike Schuler
via
gCaptain
U.S. Navy Unveils $65.8 Billion Shipbuilding Push to Launch Trump’s ‘Golden Fleet’
The Department of the Navy has released its Fiscal Year 2027 Shipbuilding Plan, laying out a sweeping 30-year strategy to expand the fleet, overhaul naval acquisition, and revive the U.S....
From
Reuters
via
gCaptain
Trump Says Iran Ceasefire on ‘Life Support’ as Hormuz Crisis Deepens
The US and Iran remain far apart on a framework to end their war and reopen the Strait of Hormuz, with President Donald Trump calling the Islamic Republic’s reply to his proposed peace plan unworkable.
From
Mike Schuler
via
gCaptain
Senators Urge Trump to ‘Stand Strong’ on China Shipbuilding Ahead of Xi Summit
A bipartisan group of U.S. senators is urging President Donald Trump to prioritize American shipbuilding and avoid concessions to China during his upcoming summit with Chinese President Xi Jinping, arguing...
From
Jim Wyckoff
via
Barchart
Grain Bulls Wobble as Crude Oil Prices Slump. What to Watch Next.
Crude oil prices are actually bullish for the grain markets. Grain traders should soon start to realize that.