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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.
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From
Trent Klarenbach
via
Barchart
Canola Trends: Buyers at Resistance
Canadian canola charts show a pullback to the 742.70 level. Prairie traders should monitor the current bearish RSI divergence.
From
The Loadstar
via
gCaptain
Cheap Spot Rates Now Could Cost Shippers at Peak Season
Despite the continuing deterioration in rates, ocean shippers are being advised to avoid the spot market and stick to their allocation with carriers.
From
Mike Schuler
via
gCaptain
BIMCO Warns Abrupt ‘Project Freedom’ Pause Complicates Hormuz Risk Calculus
The world’s largest shipping association said the Trump administration’s abrupt suspension of “Project Freedom” has injected fresh uncertainty into an already volatile operating environment for commercial vessels trapped inside the...
From
Reuters
via
gCaptain
France Moves Aircraft Carrier to Red Sea With Eye on Hormuz Mission
France on Wednesday deployed its carrier strike group to the Red Sea as part of planning for a potential mission to secure the Strait of Hormuz, urging Washington and Tehran to consider the proposal given the global economic impact of their competing blockades.
From
Austin Schroeder
via
Barchart
Corn Holding onto Wednesday Weakness with Pressure from Crude
Corn futures are trading with 8 to 10 cent losses in the front months on Wednesday. There were 304 deliveries issued against May futures overnight, all by the ADM house account. The CmdtyView national average Cash Corn price is 10 cents lower on the day to $4.28 3/4. Crude oil...
From
Austin Schroeder
via
Barchart
Wheat Facing Outside Pressure on Wednesday
The wheat complex is holding onto the Wednesday losses at midday. Chicago SRW futures are down 11 to 12 cents on the midweek session. There were another 41 deliveries issued against May futures overnight. KC HRW futures are 4 to 6 cents lower at midday. MPLS spring wheat is trading...
From
Austin Schroeder
via
Barchart
Soybeans Falling on Crude Oil Pressure on Wednesday
Soybeans are trading with 17 to 21 cents lower on Wednesday with outside pressure from crude playing a factor. There were 24 deliveries issued against May beans overnight. The cmdtyView national average Cash Bean price is down 19 1/2 cents at $11.24 3/4. Soymeal futures are down $1.90 to $2.70...
From
Mike Schuler
via
gCaptain
U.S. Navy Jet Fires Upon, Disables Iranian Tanker Accused of Violating Washington’s Blockade
U.S. forces disabled an Iranian-flagged oil tanker in the Gulf of Oman on Wednesday after CENTCOM said the vessel attempted to violate Washington’s blockade on ships entering or departing Iranian...
From
Bloomberg
via
gCaptain
Shipowners Stay Cautious on Hormuz as Iran Says ‘Contact Us’
Shipping companies remain cautious about sending vessels through the Strait of Hormuz, despite signs that Iran may be willing to reopen the channel.
From
Reuters
via
gCaptain
U.S. and Iran Edge Toward War Deal as Hormuz Talks Advance
Iran said on Wednesday it was reviewing a new U.S. proposal, after sources said Washington and Tehran were closing in on a one-page memorandum to end the war in the Gulf while leaving tricky issues such as Iran's nuclear program for later.
From
Darin Newsom
via
Barchart
Should We Expect a Breakdown in Soybean Oil?
After adding nearly 4.4 cents during the just finished positioning week, the Soybean Oil market increased its vulnerability to a fund-driven selloff.
From
Austin Schroeder
via
Barchart
Soybeans Facing Oil Pressure Issues on Wednesday Morning
Soybeans are trading with 4 to 7 cent losses early on Wednesday. Futures were 2 ¾ to 11 ¾ cents in the red on Tuesday, with the nearbys leading the charge. Open interest was up 9,873 contracts on Tuesday. There were 24 deliveries issued against May beans overnight. The cmdtyView...