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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
Bloomberg
via
gCaptain
Indian Refiner Snaps Up US Oil After Trump’s Russia Threats
India’s largest oil refiner has snapped up millions of barrels of crude from the US and UAE, with the South Asian nation facing mounting pressure from US and Europe over its purchases from Russia.
From
Reuters
via
gCaptain
Trump Imposes Sweeping Tariffs on Nations Ahead of Trade Deal Deadline
U.S. President Donald Trump imposed steep tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan, ahead of a Friday trade deal deadline, pressing ahead with plans to reorder the global economy.
From
Reuters
via
gCaptain
US Sanctions Force Vessels With Russian Oil to Divert From India, Sources Say
At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed.
From
Reuters
via
gCaptain
CK Hutchison-Operated Panama Ports Could be Taken Over by State Partnerships
PANAMA CITY, July 31 (Reuters) – Public-private partnerships could take over two key ports near the Panama Canal if courts invalidate a contract with Hong Kong-based CK Hutchison‘s to operate them, Panama’s President Jose Raul...
From
Bloomberg
via
gCaptain
Scotland Gives Go-Ahead for World’s Largest Offshore Wind Farm
By Eamon Akil Farhat and William Mathis (Bloomberg) — The Scottish government has given SSE Plc consent to build what would be the world’s biggest offshore wind farm. The Berwick Bank wind...
From
Reuters
via
gCaptain
$150B ‘Make America Shipbuilding Great Again’ Pact Helps Seal US-Korea Trade Agreement
South Korean Finance Minister Koo Yun-cheol said on Thursday that a shipbuilding partnership package dubbed "Make America Shipbuilding Great Again" was key to the agreement on tariffs between the U.S. and South Korea.
From
Mike Schuler
via
gCaptain
Nexans and Crowley Launch Jones Act Cable Lay Barge for U.S. Offshore Wind
Nexans and Crowley Wind Services have announced a partnership to develop and operate a Jones Act compliant cable lay barge specifically designed for offshore wind energy, telecommunications, and other subsea...
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From
Austin Schroeder
via
Barchart
Corn Pops Back Higher on Wednesday
Corn Pops Back Higher on Wednesday Corn futures settled the Wednesday session with contracts up 1 to 6 ¾ cents, as traders closed out the month with a bounce. The nearby CmdtyView national average Cash Corn price was up 5 1/4 cents at $4.42 1/2. USDA reported a private export...
From
Austin Schroeder
via
Barchart
Soybeans Fall Lower on Wednesday
Soybeans posted losses of 6 to 9 cents across most contracts on Wednesday. CmdtyView’s national front month Cash Bean price is down 7 1/4 cents at $9.88. Soymeal futures are back down 20 to 80 cents/ton, with Soy Oil futures were falling back another 27 to 58 points. There is...
From
Austin Schroeder
via
Barchart
Wheat Sees Some Bargain Buying at Month End
The wheat complex bounced back to close out the Wednesday session with the SRW and spring wheat contracts posting strength and HRW weaker. Chicago SRW futures were up 5 to 8 cents. Kansas City HRW contracts saw slight losses of 1 to 2 cents on Wednesday. MPLS spring wheat was...
From
Reuters
via
gCaptain
Equinor Says it Could Lose Billions on Trump’s Offshore Wind Clampdown
Equinor stands to lose billions of dollars on its massive wind power project offshore the state of New York unless U.S. President Donald Trump's administration reverses a decision to halt the construction, the Norwegian group said on Wednesday.
From
Chris Swift
via
Barchart
Shootin' The Bull about 220 cash trade and lower cattle futures
This morning's economic data set the tone for a lower trade in most markets and cattle futures responded to the defensive price action. A lower GDP print showed that the US economy contracted in the first quarter by .3% vs an increase in Q4 2024 of 2.4%. The US economy is slowing.
From
gCaptain
via
gCaptain
Trump and Congress Chart a New Course on U.S. Maritime Policy
America’s long-neglected maritime sector is suddenly sailing into the policy spotlight—on parallel tracks. In a matter of weeks, both the White House and Congress have launched sweeping efforts to reverse...
From
Bloomberg
via
gCaptain
US Economy Contracts for First Time Since 2022 on Imports Surge
The US economy contracted at the start of the year for the first time since 2022 on a monumental pre-tariffs import surge and more moderate consumer spending, a first snapshot of the ripple effects from President Donald Trump’s trade policy.
From
Mike Schuler
via
gCaptain
Full Steam Ahead: SHIPS for America Act Garners Wave of Industry Endorsements
Endorsements are flooding in behind the newly reintroduced SHIPS for America Act, bipartisan legislation designed to restore America’s maritime strength and revitalize its shipbuilding industrial base. With support from virtually every...
From
Don Dawson
via
Barchart
Will December Corn Prices Rally in May 2025?
December corn futures, priced at $4.47 per bushel as of April 30, are catching the eye of market participants. These futures, tied to the new crop harvested in the fall, reflect expectations for the growing season, supply, and demand. May often brings a bullish tilt to corn prices. Could a rally push prices to $5? What might the USDA's May WASDE report show? And how can traders and hedgers position themselves? This article breaks it down for everyone, from seasoned speculators to farmers hedging their crops.
From
Austin Schroeder
via
Barchart
Corn Showing Midday Strength
Corn futures are trading with contracts up anywhere from a penny to 5 ½ cents at midday. There were 25 deliveries issued against May overnight. The nearby CmdtyView national average Cash Corn price is up 3 1/2 cents at $4.40 3/4. USDA reported a private export sale of 120,000 MT...