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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
Erik Bethel
via
gCaptain
China’s Maritime Gambit Is Backfiring—And Beijing Knows It
The waters around Japan are writing the future of the Indo-Pacific, and China doesn’t like what they’re saying. For over a decade, Beijing perfected a simple formula: deploy coast guard...
From
Austin Schroeder
via
Barchart
Wheat Falling Lower on Tuesday, as Ratings Come in Mixed
Wheat is trading with losses so far on Tuesday morning. The wheat complex closed with contracts mixed across the three markets. Chicago SRW futures saw gains of 3 ¼ to 6 ½ cents on the session. New buying was noted, with open interests up 7,626 contracts. KC HRW futures were...
From
Austin Schroeder
via
Barchart
Soybeans Slipping Back as Planting Rolls Along
Soybeans are showing 4 to 5 cent losses so far on Tuesday AM trade. Futures posted gains on Monday, with most contracts up 9 ¼ to 19 ¾ cents. Open interest was up 36,208 contracts on Monday, with July leading the charge (16,739). There were 110 contracts deliveries overnight in...
From
Austin Schroeder
via
Barchart
Corn Slipping Back on Tuesday Morning
Corn prices are down 1 to 3 ¼ cents as the market kicks of Tuesday trade. Futures posted gains of 5 ¼ to 6 ¾ cents at the Monday close. New buying interest was noted, up 36,880 contracts, mainly in the July (11,705) and December (15,990). There were 35 deliveries...
From
Bloomberg
via
gCaptain
US-Iran Ceasefire Holds After Hormuz Clashes and UAE Strikes
The fragile US-Iran ceasefire held Tuesday morning after a day of clashes involving shipping in the Strait of Hormuz and missile attacks against the United Arab Emirates.
From
Austin Schroeder
via
Barchart
Corn Rally on Monday as Exports Roll
Corn futures posted gains of 5 ¼ to 6 ¾ cents at the Monday close. The CmdtyView national average Cash Corn price was 5 cents higher on the day to $4.44 ¾. NASS Crop Progress data showed the US corn crop at 38% planted as of Sunday, which was 4%...
From
Austin Schroeder
via
Barchart
Soybeans Rally on Monday
Soybeans posted gains on Monday, with most contracts up 9 ¼ to 19 ¾ cents. The cmdtyView national average Cash Bean price was up 17 3/4 cents at $11.54 1/2. Soymeal futures were $1.50 to $2.50 higher on the session, with Soy Oil futures 101 to 137 points higher on...
From
Austin Schroeder
via
Barchart
Wheat Closes Monday with Mixed Action, as Ratings Come in Mixed
The wheat complex closed with contracts mixed across the three markets. Chicago SRW futures saw gains of 3 ¼ to 6 ½ cents on the session. KC HRW futures were steady across the front months and fractionally to 5 cents higher in the deferreds. MPLS spring wheat was down 2...
From
Mike Schuler
via
gCaptain
Maersk Ship Exits Hormuz Under U.S. Protection
Maersk has confirmed that one of the vessels involved in Monday’s U.S.-escorted transits of the Strait of Hormuz was its U.S.-flagged roll-on/roll-off ship Alliance Fairfax, marking one of the clearest tests...