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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
Mike Schuler
via
gCaptain
Maersk Posts Strong Q1 Results as Red Sea Uncertainty Looms Over 2025 Outlook
Danish logistics conglomerate A.P. Moller-Maersk (Maersk) reported a significant improvement in its first-quarter 2025 performance, with revenue growing 7.8% to USD 13.3 billion and EBIT surging to USD 1.3 billion...
From
Mike Schuler
via
gCaptain
Red Sea Ceasefire Deal Sparks Concerns Over Potential Freight Rate Collapse
A recent ceasefire agreement between the U.S. and Yemen’s Houthi militia has raised questions about the potential impact on global shipping rates, with industry experts warning of possible more market...
From
Jim Wyckoff
via
Barchart
Corn Bulls Have a Weather-Market Wild Card. How to Trade It.
Consider buying a call option on July corn futures.
From
Austin Schroeder
via
Barchart
Wheat Showing Steady Trade Ahead of Export Sales Release
The wheat complex is showing fractionally mixed trade so far on Thursday. Wheat futures fell lower into the close on Wednesday. Chicago SRW futures slipped back 1 to 2 cents into the final bell. There were 29 deliveries issued against May CBT wheat overnight. Kansas City HRW futures posted weaker...
From
Austin Schroeder
via
Barchart
Soybeans Stronger to Start Thursday
Soybeans are trading with 5 to 7 cent strength so far on Thursday. The soybean market closed the Wednesday session with mixed trade as front months were down 2 to 5 cents and new crop 2 to 4 cents higher. Preliminary open interest was up 15,161 contracts on Wednesday. There...
From
Austin Schroeder
via
Barchart
Corn Showing Weakness Early on Thursday
The corn market is trading with contracts steady to 2 cents weaker on Thursday morning. Corn futures failed to hold the early gains on Wednesday, closing with contracts down 6 to 7 cents in the nearbys and new crop ½ cent lower. Preliminary open interest was up ,618 contracts, mostly...
From
Malte Humpert
via
gCaptain
Russian ‘Shadow Fleet’ LNG Carriers Find Sanctions Reprieve in Chinese Maintenance Yard
Russia’s LNG shadow fleet continues to make moves in preparation for the upcoming Arctic summer shipping season. A second sanctioned LNG carrier has arrived at an East China shipyard after more than nine months at sea. Sputnik Energy (formerly Pioneer) joins East Energy (formerly Asya Energy) at the Zhoushan-based facility.
From
Bloomberg
via
gCaptain
Maersk Cuts Global Container Market Outlook on Tariff War
A.P. Moller-Maersk A/S, the Danish container giant, lowered its forecast for the global transport market rattled by Donald Trump’s trade war.
From
Reuters
via
gCaptain
Salvage to Begin in Italy This Month for Lynch’s Yacht After Fatal Sinking
The recovery of British tech tycoon Mike Lynch's superyacht from the waters off the coast of northern Sicily is expected to begin within the next two weeks to help shed light on how a supposedly unsinkable vessel disappeared into the sea last August.
From
Mike Schuler
via
gCaptain
U.S. Moves to Designate Six Ships in UN Bid to Expose North Korea Sanctions Evasion
The United States announced plans to nominate multiple vessels for designation over violations of UN sanctions against North Korea, following revelations of extensive maritime sanctions evasion detailed in a new...
From
Austin Schroeder
via
Barchart
Soybeans Post Mixed Action as Nearbys Fail to Hold Early Gains
The soybean market closed the Wednesday session with mixed trade as front months were down 2 to 5 cents and new crop 2 to 4 cents higher. The cmdtyView Cash Bean price was down 1 ¾ cents to $9.87. Soymeal futures were up $1.90 to $2.80/ton, with Soy Oil futures...
From
Austin Schroeder
via
Barchart
Wheat Posts Losses on Wednesday
Wheat futures fell lower into the close on Wednesday. Chicago SRW futures slipped back 1 to 2 cents into the final bell. Kansas City HRW futures posted weaker trade, with 7 to 9 cent losses on the day. Minneapolis spring wheat futures were down 7 to 8 cents at the...