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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....
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Mike Schuler
via
gCaptain
Emergency Crews Battle Fire on Offshore Platform in California’s Santa Barbara Channel
A fire broke out Monday aboard DCOR’s offshore Platform Habitat in the Santa Barbara Channel, prompting a multi-agency emergency response from the U.S. Coast Guard and local fire authorities. According...
From
Austin Schroeder
via
Barchart
Soybeans Gains Holding on Monday’s Midday
Soybeans are trading with 5 to 7 cent gains at midday. The cmdtyView national average Cash Bean price is up 6 1/4 cents at $11.47 3/4. Soymeal futures is up $5.10 to $6.20, with Soy Oil futures 20 to 75 points lower. There were another 250 deliveries against May bean...
From
Austin Schroeder
via
Barchart
Wheat Holding onto Monday Gains
The wheat complex is rallying on Monday, with gains across the three markets. Chicago SRW futures are posting 13 to 15 cent gains in the front months on Monday. There was single delivery issued against May CBT wheat on Friday higher, with 16 deliveries against May KC wheat. KC HRW...
From
Austin Schroeder
via
Barchart
Corn Posting Midday Gains on Monday
Corn futures are trading with contracts up 4 to 5 ½ cents across the nearbys on Monday. The CmdtyView national average Cash Corn price is up 4 1/2 cents to $4.34 1/4. USDA reported a couple private export sales of corn this morning, with 380,000 MT (220,000 MT for 2025/26...
From
Mike Schuler
via
gCaptain
Aramco Ramped East-West Pipeline to Maximum as Hormuz Shipping Crisis Deepened
Saudi oil giant Saudi Aramco says the Strait of Hormuz disruption has become a stark reminder of how dependent the global economy remains on reliable energy supplies, with the company revealing it...
From
Bloomberg
via
gCaptain
U.S. Navy Faces Rising Costs for Hormuz Missions With Strait Still Blocked
As long as the Strait of Hormuz remains unsettled, the US Navy faces millions of dollars in extra costs each time it sends a destroyer through the waterway, and such passages on their own are unlikely to reopen it.
From
Mike Schuler
via
gCaptain
Fincantieri Raises 2026 Outlook as Backlog Hits Record
Italian shipbuilding giant Fincantieri reported a record backlog and stronger profitability in the first quarter of 2026, underscoring continued strength in the cruise and naval shipbuilding markets even as defense revenues normalized...
From
Mike Schuler
via
gCaptain
NORDEN Warns Hormuz Disruption Is Creating a ‘Two-Tier’ Tanker Market
Danish shipping giant D/S NORDEN says the ongoing Persian Gulf conflict and disruption to the Strait of Hormuz are having sharply different effects across global shipping markets, hammering dry cargo operations while...
From
Brady Sidwell
via
Barchart
Choppy markets after recent highs and Iran deal oscillation
USDA Grain Reports on Tuesday at 11 AM CDT
From
Darin Newsom
via
Barchart
Could a Seasonal Change Be Seen In Grains?
Once we get past the second weekly close of May, seasonal patterns change for the Grains sector.
From
Eugene Graner
via
Barchart
December Corn Can
December corn pulled back after a strong breakout rally earlier this year, but the Eugene still believes there is more upside ahead. Strong export demand, possible Chinese corn buying, concerns about planting conditions, and potential acreage reductions on the June 30 report could all support prices. He believes December corn could still move back above $5.10 and possibly higher.
From
Trent Klarenbach
via
Barchart
Commodity Futures: Mastering Calendar Spread Trading
Introducing The Spread Trader, a new series for The Klarenbach Grain Report. Brent Futz breaks down grain calendar spreads and commodity futures strategies.