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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
Trump Administration Quietly Expands Pacific Seabed Mining Area as Environmental Review Begins
The U.S. Bureau of Ocean Energy Management has advanced the next phase of potential offshore mineral leasing near the Commonwealth of the Northern Mariana Islands, expanding the area under consideration and moving the...
From
Chris Swift
via
Barchart
Shootin' the Bull about commodities hinged on energy.
Commodities are believed being traded off the price movement of energy, and energy is believed being moved by comments the President made, that are questioned or unable to confirm.
From
Bloomberg
via
gCaptain
Trump Delays Iran Energy Strikes as Confusion Swirls Over ‘Productive’ Talks
President Donald Trump said the US would postpone strikes against Iran’s energy infrastructure after what he called “productive conversations” with the country, in comments that spurred confusion over the participants in the talks and parameters of a deal.
From
Mike Schuler
via
gCaptain
60 Minutes Catches Up to America’s Shipbuilding Crisis Long Flagged by Maritime Industry
The U.S. shipbuilding crisis broke into the national spotlight this week as 60 Minutes took a closer look at the growing gap between American shipyards and their Asian rivals—something maritime industry insiders...
From
Austin Schroeder
via
Barchart
Soybeans Posting Marginal Monday Gains
Soybeans are showing 3 to 6 cent gains at Monday’s midday. The cmdtyView national average Cash Bean price is up 3 3/4 cents at $10.90 1/4. Soymeal futures are down $1.50 to $2, with Soy Oil futures up 7 to 10 points. Early on Monday morning, President Trump put out...
From
Austin Schroeder
via
Barchart
Corn Holding onto Losses at Midday Following Trump Iran Comments
Corn futures are down 3 to 6 cents so far on Monday. The CmdtyView national average Cash Corn price is down 5 3/4 cents to $4.18. Early on Monday morning, President Trump put out a Truth Social post ordering the military to postpone strikes against Iranian power plants and energy...
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From
Chris Swift
via
Barchart
Shootin' the Bull about mounting input costs and questionable consumer demand
Futures traders were able to eke out a positive close on what appeared to be mounting input costs and questionable consumer demand.
From
Reuters
via
gCaptain
Iran Gas Field Strike Marks Major Escalation as Tehran Threatens Gulf Energy Infrastructure
Iran's huge Pars gas field was hit on Wednesday, a major escalation in the U.S.-Israeli war, prompting Tehran to announce it would respond with attacks on oil and gas targets throughout the Gulf.
From
Mike Schuler
via
gCaptain
Two Dead in Confined Space Accident Aboard Barge Near Alaska
Fatal accident comes despite increasing efforts aimed at preventing enclosed-space deaths Two crewmembers are dead and two others hospitalized following a confined space incident aboard a freight barge near Ketchikan,...
From
Trent Klarenbach
via
Barchart
A Canola Chart for Your Inner Technical Analysis Nerd
A monthly Canola chart with Fibonacci Retracement, Moving Averages and Elliott Waves
From
John Konrad
via
gCaptain
The Hormuz Hypothesis – What If the U.S. Navy Isn’t in a Hurry to Reopen the Strait?
By Captain John Konrad (Opinion) – The Strait of Hormuz is twenty-one miles wide. Two shipping channels, each two miles across, separated by a two-mile buffer. There is no alternative....
From
Mike Schuler
via
gCaptain
OOCL Sunflower Reaches Long Beach After Losing Containers in Pacific Storm
Ultra-large containership to undergo inspection after dozens of boxes lost and damaged in heavy weather.
From
Austin Schroeder
via
Barchart
Wheat Back to Rally Mode on Wednesday
The wheat complex is rallying double digits on Wednesday. Chicago SRW futures are 16 to 17 cents higher on the day. KC HRW futures are 22 to 33 cents in the green. MPLS spring wheat is up 15 to 16 cents at midday. The next week looks dry for much...
From
Austin Schroeder
via
Barchart
Soybeans Popping Higher on Wednesday
Soybeans are up 4 to 6 cents in the front months on Wednesday. New crop is leading the charge, up 12 cents at midday, as the new crop soy/corn ratio has crept down towards 2.33. The cmdtyView national average Cash Bean price is up 5 cents at $10.87 3/4. Soymeal...
From
Austin Schroeder
via
Barchart
Corn Rallying at Midday
Corn futures are trading with 8 to 9 cent gains across most contracts on Wednesday. The CmdtyView national average Cash Corn price is up 8 ½ cents to $4.19. Crude is up $1.50 so far on the day and $6 off the early lows. EIA data was out this morning,...
From
Lori Ann LaRocco
via
gCaptain
Panama Canal Sees LNG Surge as Hormuz Disruption Reshapes Global Trade
LNG bookings average one per day as Canal positions itself as key alternative for disrupted Middle East energy flows By Lori Ann LaRocco – LNG transits through the Panama Canal...
From
Mike Schuler
via
gCaptain
Trump Floats U.S. Withdrawal from Hormuz ‘Straight’ Security Role
U.S. President Donald J. Trump on Tuesday suggested the United States could step back from securing the Strait of Hormuz, floating the idea of forcing allied nations to take greater responsibility for protecting...
From
Reuters
via
gCaptain
Washington Issues Broad Waiver Reopening Venezuela Oil Sector to U.S. Companies
The U.S. issued a waiver on Wednesday broadly authorizing U.S. companies to do business with Venezuela's state-run oil company PDVSA, a key step that could secure investment and, in thelonger-term, increase the country's crude production capacity.