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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
Jim Wyckoff
via
Barchart
Watch the Weather: Here’s Where Corn, Soybean, and Wheat Futures Could Be Headed Next
A weather-market rally could trigger big upside price moves this summer in grain futures.
From
Mike Schuler
via
gCaptain
Crowley Expands Caribbean Service with Second LNG-Powered Containership
Crowley has launched its second LNG-powered containership in the Avance Class fleet, expanding its ocean shipping capabilities in the Caribbean Basin. The vessel, named Copán after a significant Mayan archaeological...
From
Reuters
via
gCaptain
India Approves More Russian Insurers to Provide Marine Cover
India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key market.
From
Reuters
via
gCaptain
World’s First Commercial-scale E-methanol Plant Opens in Denmark
The world's first commercial-scale e-methanol plant began operations in Denmark on Tuesday, with shipping giant Maersk MAERSKb.CO set to buy part of the production as a low-emission fuel for its fleet of container ships.
From
Reuters
via
gCaptain
Egypt’s Suez Canal Offers 15% Discount For Big Container Ships to Win Back Trade
Egypt's Suez Canal will offer a 15% discount on transit fees for container ships with net tonnage of at least 130,000 metric tons, to encourage trade back now the security situation has eased and help ships offset rising insurance costs, its authorities said on Tuesday.
From
Austin Schroeder
via
Barchart
Wheat Losses Extend to New Lows
The wheat market is looking at new lows on Tuesday morning, with losses across the board. Wheat futures fell lower across the three exchanges on Monday, pressured by less than bullish USDA data. Chicago SRW futures were 6 to 7 cents in the red on the Monday session. Tuesday’s preliminary...
From
Austin Schroeder
via
Barchart
Soybeans Pulling Back on Tuesday Morning
The bean market is showing weaker trade early on Tuesday, down 4 to 6 cents. Soybeans closed out the Monday session with contracts rallying 20 to 27 cents. Preliminary open interest showed net new buying, up 16,325 contracts. The cmdtyView Cash Bean price was up 19 3/4 cents to $10.60....
From
Austin Schroeder
via
Barchart
Corn Pressure Continues as Planting Pace Continues
The corn market is trading with contracts down 2 to 4 cents across the front months. Futures fell back from the higher post-USDA report trade on Monday, with nearbys slipping 1 to 2 cents. New crop contracts were 3 to 4 cents in the green at the close. Preliminary open...
From
Bloomberg
via
gCaptain
China-US Truce Prompts Price Jump in Pacific Shipping Frenzy
A China-US deal to slash trade tariffs is set to push freight rates higher, as companies rush to use a 90-day grace period to ferry goods across the Pacific Ocean.
From
Ben DiCostanzo
via
Barchart
Cattle Markets Make New All-Time Highs, Hogs Higher
Positive Trade talks with China, Screwworm drive prices higher
From
Mike Schuler
via
gCaptain
Coast Guard Eases Reflag Rules to Bolster U.S. Flag Fleet
The U.S. Coast Guard has announced significant changes to streamline the certification process for foreign vessels seeking to join the American Registry. The updated Navigation and Vessel Inspection Circular (NVIC)...
From
Mike Schuler
via
gCaptain
Container Shipping: Tariff Truce Sets the Stage for Early Peak Season
The traditional peak season for ocean container shipping between China and the United States could arrive earlier than usual this year following a significant reduction in tariffs between the world’s...