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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
Austin Schroeder
via
Barchart
Corn Fail to Hold Early Strength on Wednesday
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. The nearby CmdtyView national average Cash Corn price was down 6 cents at $4.19 1/2. EIA data showed a total of 1.02 million...
From
Reuters
via
gCaptain
LNG Industry Warns U.S.-Built Ship Mandate Could Derail Energy Exports
U.S. energy groups are asking President Donald Trump's administration to exempt liquefied natural gas tankers from a new rule that will require producers to move an increasing percentage of their exports on U.S.-built vessels as part of a broader push to revive domestic shipbuilding.
From
Oliver Sloup
via
Barchart
A Quiet Fed Day for Equities, but Bigger Price Swings in Commodities
Fed Day has came and now passed. Outside markets saw little fluctuation while other markets such as corn, gold, and crude saw bigger daily swings.
From
Mike Schuler
via
gCaptain
Wärtsilä Launches ‘Game-Changing’ Maritime Carbon Capture System
Technology group Wärtsilä is claiming a major breakthrough with the unveiling of its commercial shipboard carbon capture solution (CCS) for the maritime industry. According to the company, the system has...
From
Chris Swift
via
Barchart
Shootin' the Bull about holding ones breath
The industry appears to be collectively holding their breath for what may come next. Futures traders appear nervous, even with the positive basis.
From
Reuters
via
gCaptain
Orsted Cancels Major UK Wind Project as Economics Worsen
COPENHAGEN, May 7 (Reuters) – Orsted will no longer build a major offshore wind farm in Britain, it said on Wednesday, citing a deteriorating global business environment for renewables and dealing a blow...
From
Austin Schroeder
via
Barchart
Wheat Falling at Midday
Wheat futures are facing midday weakness on Wednesday. Chicago SRW futures are down fractionally in the nearbys. There were 209 deliveries against May CBT wheat overnight, with 196 coming from a Marex customer. Kansas City HRW futures are down 7 to 8 cents are midday. Minneapolis spring wheat futures are...
From
Austin Schroeder
via
Barchart
Corn Fading Back Lower on Wednesday
Corn futures are fading off the early Wednesday strength, with contracts down 3 to 4 cents in the nearbys and new crop December up a penny. There were 13 new delivery notices against May corn futures overnight. The nearby CmdtyView national average Cash Corn price is down 3 1/2 cents...
From
Austin Schroeder
via
Barchart
Soybeans Struggling to Maintain Wednesday Gains
The soybean market is showing firm to 4 cent higher trade so far on Wednesday’s midday. Cash Bean price is steady $9.89 3/4. Soymeal futures were steady to down $2.60/ton, with Soy Oil futures down another 3 to 39 points. There were 2 deliveries for May soybeans overnight, with none...
From
Mike Schuler
via
gCaptain
Trump Withdraws Sadler Nomination, Taps Industry Veteran Stephen Carmel to Lead MARAD
President Donald Trump has withdrawn the nomination of retired U.S. Navy Captain Brent Sadler and nominated Stephen Carmel of Virginia to be the next Administrator of the U.S. Maritime Administration....
From
Reuters
via
gCaptain
US-Houthi Ceasefire Deal Does Not Include Israel
A ceasefire deal between Yemen's Houthis and the U.S. does not include sparing Israel, the group said on Wednesday, suggesting its shipping attacks that have disrupted global trade and challenged world powers will not come to a complete halt.