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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
US-Flagged Cargo Ship SLNC York Evacuated After Taking on Water in Pacific
The crew of the US-flagged cargo ship SLNC York has been safely evacuated after the vessel began taking on water in the Pacific Ocean, according to operator Schuyler Line Navigation Company (SLNC)....
From
Reuters
via
gCaptain
South Korea Tests Arctic Shipping Route to Europe
South Korea will flag off on Saturday a container ship bound for Europe via the Arctic, testing whether a route opened by melting sea ice can be commercially viable, but risking friction with Western allies, as the voyage requires Russian cooperation.
From
Bloomberg
via
gCaptain
Three Chinese Tankers U-Turn in Hormuz as Risks Remain High
Three China-linked supertankers have U-turned in the Strait of Hormuz as risks to shipping remain elevated, with prospects for a normalization of traffic dimming after President Donald Trump took a hard line on Iran.
From
Reuters
via
gCaptain
Russia and Ukraine’s Black Sea Grain Exports Grind to a Virtual Halt
Attacks on shipping have shut down more than 97% of Russia and Ukraine's grain export capacity in the Azov and Black Sea basin, cutting off a major source of low-cost supplies and helping to drive up global prices.
From
Mike Schuler
via
gCaptain
Port of Corpus Christi Joins U.S. Push for Nuclear-Powered Shipping
The Port of Corpus Christi has joined the Trump administration’s push to bring nuclear technology into the U.S. maritime sector, signing an agreement with the U.S. Maritime Administration to explore...
From
Capital Link
via
gCaptain
Navigator Gas Sees U.S. Gas Export Boom Driving Handysize Demand
Navigator Gas posted the strongest quarterly results in its 25-year history as booming U.S. gas exports and longer trade routes helped lift vessel earnings and terminal volumes to record levels.
From
The Loadstar
via
gCaptain
Hapag-Lloyd’s Zim Takeover Hits Regulatory Headwinds
Forwarders have backed the objections of Brazilian authorities and Israeli legislators in questioning the looming Hapag-Lloyd acquisition of Zim – pushback against more consolidation within liner shipping.
The APS Information Center
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From
Mike Schuler
via
gCaptain
U.S. Confirms Iranian Attack on U.S. Navy Destroyers in Strait of Hormuz
Three U.S. Navy destroyers came under missile, drone and small-boat attack while transiting the Strait of Hormuz on Thursday, according to U.S. Central Command. In a statement released Thursday morning,...
From
Austin Schroeder
via
Barchart
Corn Comes Back to Close Near Unchanged
Corn futures posted some strength off early lows on Thursday, as contracts were steady to a penny lower in most front months. A few deferreds closed fractionally higher. The CmdtyView national average Cash Corn price was down a penny on the day to $4.25 1/2. Despite early talk of easing...
From
Austin Schroeder
via
Barchart
Wheat Holds onto Losses into Thursday’s Close
The wheat complex remained under pressure on Thursday, with the three markets falling into the close. Chicago SRW futures posted losses of 4 ¼ to 8 cents at the Thursday close. KC HRW futures led the downside charge, down 19 ½ to 21 cents. MPLS spring wheat was down 13...
From
Austin Schroeder
via
Barchart
Soybeans Recover Late on Thursday to Close with Marginal Losses
Soybeans bounced off the early session lows on Thursday, with contract closing fractionally to 2 ½ cents lower. The cmdtyView national average Cash Bean price was down 2 1/4 cents at $11.24 1/4. Soymeal futures were up $1.60 in the front months to 40 cents lower, with Soy Oil futures...
From
Chris Swift
via
Barchart
Shootin' the Bull about why a lower trade
There are a few factors that appeared today that may be some of the reason for the lower trade.
From
Mike Schuler
via
gCaptain
House Labor Caucus Joins Growing Backlash Against Trump’s Jones Act Waiver Extension
Opposition to the Trump administration’s sweeping Jones Act waiver extension is continuing to widen, with top House labor lawmakers now joining a growing coalition of maritime unions, domestic operators, and industry groups...
From
Mike Schuler
via
gCaptain
Trump Administration Launches Nuclear-Powered Shipping Push to Revive U.S. Maritime Industry
The Trump administration is opening the door to nuclear-powered commercial shipping in what could become one of the most ambitious attempts in decades to reshape the future of the U.S....
From
Matthew Grossman
via
Barchart
Grain Market Update: Are Iran Ceasefire Rumors Creating a Commodity Trap
Darin Newsom suggests that recent commodity market declines are driven by speculative liquidation and false headlines regarding a ceasefire in Iran, though he anticipates a rally next week fueled by renewed geopolitical tensions and optimism surrounding the upcoming China Summit.
From
Austin Schroeder
via
Barchart
Corn Weakness Holding on Thursday
Corn futures are trading with 2 to 3 cent losses in the front months on Thursday, bouncing off early lows. There were 113 deliveries issued against May corn futures overnight. The CmdtyView national average Cash Corn price is 2 1/4 cents lower on the day to $4.24. USDA’s Weekly Export...
From
Austin Schroeder
via
Barchart
Wheat Posting Thursday Losses
The wheat complex is trading with losses on Thursday. Chicago SRW futures are down 6 to 11 ¼ cents across the board on the midweek session. KC HRW futures are leading the way with 20 to 22 cent losses. There were 5 delivery notices against May CBT wheat overnight, with...
From
Austin Schroeder
via
Barchart
Soybeans Bouncing Off Early Session Lows at Midday
Soybeans are trading with contracts down 2 to 4 cents in the front months following early session weakness. There was just one delivery issued above May soybeans overnight. The cmdtyView national average Cash Bean price is down 3 3/4 cents at $11.23. Soymeal futures are up 70 cents in the...