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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
Reuters
via
gCaptain
Rubio Calls U.N. Vote ‘Test’ as U.S. Pushes Iran Shipping Crackdown
By David Brunnstrom and John Irish WASHINGTON/PARIS, May 5 (Reuters) – U.S. Secretary of State Marco Rubio on Tuesday called a U.S.-proposed U.N. resolution demanding Iran stop attacks and laying mines in the Strait...
From
Bloomberg
via
gCaptain
U.S. Shifts to Shipping Protection as Trump Administration Declares ‘Epic Fury’ Over
The US said offensive operations against Iran are over as it shifts to protecting shipping in the Strait of Hormuz, but the targeting of another cargo vessel after a day of strikes signaled that the conflict is dragging on.
From
Mike Schuler
via
gCaptain
Crowley Confirms US-Flagged CS Anthem Safely Transited Strait of Hormuz
Crowley has confirmed that one of its managed vessels has successfully transited the Strait of Hormuz, providing more visibility into the limited number of U.S.-flagged ships that have exited the...
From
Chris Swift
via
Barchart
Shootin' the Bull about congesting fundamentals
There is seemingly a lot of congestion at this top. Both packers and cattle feeders are losing money. Projected margins reflect significant losses for both.
From
Walsh Trading
via
Barchart
Chart of the Day - December Corn
$5,00 is a good place for producers to begin to hedge.
From
Mike Schuler
via
gCaptain
Pentagon Pushes Hormuz Return, But Shipping Still Confined to High-Risk Corridor
The Pentagon’s rollout of Project Freedom is being presented as the first step toward reopening the Strait of Hormuz. But the details emerging behind those early transits point to something...
From
Austin Schroeder
via
Barchart
Corn Falling at Tuesday’s Midday
Corn futures are trading with 5 to 8 cent losses so far on Tuesday. There were 35 deliveries issued against May corn overnight. The CmdtyView national average Cash Corn price is 5 1/2 cents lower on the day to $4.37 1/2. NASS Crop Progress data showed the US corn crop...
From
Austin Schroeder
via
Barchart
Wheat Posting Tuesday Losses
The wheat complex is trading with losses across three markets. Chicago SRW futures are down 11 to 14 ¾ cents at midday. KC HRW futures are 7 to 9 cents in the red on Tuesday. There were 39 deliveries noted for May KC wheat overnight. MPLS spring wheat are 5...
From
Austin Schroeder
via
Barchart
Soybeans Posting Midday Weakness
Soybeans are down 8 to 12 cents in the front months on Tuesday. There were 110 contracts deliveries overnight in May soybeans. The cmdtyView national average Cash Bean price is down 10 3/4 cents at $11.44 1/2. Soymeal futures are down 60 cents to $2.20 higher on the session, with...
From
Reuters
via
gCaptain
U.N. Weighs Hormuz Sanctions as U.S. Pushes Resolution That Could Open Door to Force
U.N. Security Council members will begin talks on Tuesday on a U.S.- and Bahrain?backed draft resolution that could lead to sanctions against Iran, and potentially authorize force, if Tehran fails to halt attacks and threats to commercial shipping in the Strait of Hormuz, three Western diplomats said.
From
Bloomberg
via
gCaptain
Ships Cluster Further From Hormuz Strait as Iran Widens Grip
Hundreds of vessels were seen clustering near Dubai on Tuesday, as more ships moved away from a still-empty Strait of Hormuz in response to Iran’s efforts to widen its area of control.