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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
Houthi-Held Ras Isa Port Becomes New Flashpoint in Red Sea Shipping Crisis
Seafarers at Yemen’s Ras Isa Port face escalating safety concerns amid reports of vessels being forcibly detained and armed confrontations, according to maritime authorities. “I am deeply concerned by the...
From
Oliver Sloup
via
Barchart
Grain markets firm in the overnight and early morning trade. Will it last through today's session?
Grain markets were under pressure to start the week but were able to hold technical support levels yesterday and are firm this morning on the back of positive trade headlines. Where are the upside targets if the momentum holds?
From
Austin Schroeder
via
Barchart
Wheat Slightly Higher to Start Wednesday Trade
Wheat is extending the Tuesday bounce into Wednesday morning, with gains across the three markets. The wheat complex held onto gains the closing bell on Tuesday. Chicago SRW futures posted 4 to 5 cent gains across the nearbys at the close. Tuesday’s preliminary interest rose 3,894 contracts. There were 209...
From
Austin Schroeder
via
Barchart
Soybeans Popping as US/China Agree to Sit for Trade Talks
The soybean market s taking back some recent weakness on Wednesday morning, with contracts up 11 to 13 cents. Soybeans saw some slight losses on Tuesday, with contracts down 3 to 4 cents in the front months. Preliminary open interest was up 9,128 contracts on Tuesday. CmdtyView’s national front month...
From
Austin Schroeder
via
Barchart
Corn Bulls Taking Some Back Early on Wednesday
Corn futures are trading with contracts 4 to 7 cents in the green so far to start the midweek session. The corn market closed Tuesday mixed, with nearby contracts 1 to 2 cents higher and new crop down 1 to 2 cents. Preliminary open interest showed a rotation of ownership,...
From
Bloomberg
via
gCaptain
World’s Trade Superhighway Feels Strain From US-China Decoupling
Container liners are starting to sever shipping routes that link the US and China across the Pacific, as President Donald Trump’s trade war upends the industry and forces the two largest economies apart.
From
Reuters
via
gCaptain
Vietnam’s Shipments From China, to US Reach Record High Amid Trade Fraud Crackdown
Vietnam's imports from China and exports to the United States both reached a post-pandemic record in April, amid talks with Washington to reduce Hanoi's trade surplus and a crackdown on Chinese goods being shipped to the U.S. via its territory.
From
Mike Schuler
via
gCaptain
Report: U.S. Aircraft Carrier Loses Second F/A-18 Super Hornet in Red Sea Amid Ceasefire Announcement
A second F/A-18 Super Hornet fighter jet from the USS Harry S. Truman aircraft carrier has been lost in the Red Sea, following an arrestment failure during landing, CNN and...
From
Reuters
via
gCaptain
Trump Announces Deal to Stop Bombing Houthis
President Donald Trump announced on Tuesday the U.S. will stop bombing the Houthis in Yemen, saying that the Iran-aligned group had agreed to stop interrupting important shipping lanes in the Middle East.
From
gCaptain
via
gCaptain
‘Profoundly Concerned’: NTSB Chair Calls Out Training Gaps in Shipboard Firefighting
By Daniel Katzive (gCaptain) – Training failures which contributed to the deaths of two firefighters on a RoRo ship at Port Newark in July 2023 are part of a broader nationwide shortfall...
From
Austin Schroeder
via
Barchart
Soybeans Continue Slide on Tuesday
Soybeans saw some slight losses on Tuesday, with contracts down 3 to 4 cents in the front months. CmdtyView’s national front month Cash Bean price was down 4 cents at $9.89 3/4. Soymeal futures were steady to down $2.60/ton, with Soy Oil futures down another 3 to 39 points. Soybean...
From
Austin Schroeder
via
Barchart
Wheat Bounces on Turnaround Tuesday
The wheat complex held onto gains the closing bell on Tuesday. Chicago SRW futures posted 4 to 5 cent gains across the nearbys at the close. Kansas City HRW futures closed with contracts up 4 to 6 cents across most contracts on Tuesday. Minneapolis spring wheat futures were firm, up...