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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
Panama Closes Ship Registry to Older Oil Tankers and Bulkers Amid Shadow Fleet Concerns
The Panama Ship Registry will no longer accept the registration of oil tankers or bulk carriers that are more than 15 years old. This decisive action aims to optimize fleet...
From
Reuters
via
gCaptain
Trump Orders Nuclear Submarines Moved After Russian ‘Provocative Statements’
By Phil Stewart, Jonathan Landay and Ryan Patrick Jones WASHINGTON, Aug 1 (Reuters) – U.S. President Donald Trump on Friday said he had ordered two nuclear submarines to be positioned in “the...
From
Mike Schuler
via
gCaptain
Fishing Companies Fined $1.2 Million for Illegal Bilge Dumping in Alaska Waters
A federal district court in Anchorage has imposed civil penalties exceeding $1.18 million against three Kodiak-based commercial fishing companies and their manager for Clean Water Act violations. The judgment, entered...
From
Reuters
via
gCaptain
Markets Dive After Trump Hits Countries with Steep Tariffs
By John Revill and Trevor Hunnicutt ZURICH/WASHINGTON, Aug 1 (Reuters) – U.S. President Donald Trump’s latest wave of tariffs on exports from dozens of trading partners sent global stock markets...
From
Bloomberg
via
gCaptain
Trump Yanks Millions of Acres Designated for Offshore Wind
By Ari Natter (Bloomberg) — The Trump administration is revoking approval for millions of acres of ocean to be set aside for offshore wind development amid an escalating attack on...
From
The Loadstar
via
gCaptain
SeaLead Terminates Charters on Sanctioned Ships Linked to Iran
Singapore carrier SeaLead Shipping yesterday terminated charters on 16 ships caught up in the US Office of Foreign Asset Control’s (OFAC) sanctions on an Iranian political adviser.
From
Reuters
via
gCaptain
Panama Communities Challenge Canal Expansion Project in Supreme Court
Communities in Panama that would have to relocate under the Panama Canal's plan to build a $1.6 billion reservoir filed a Supreme Court challenge on Thursday, saying the project intended to enable more vessel transits is unconstitutional.
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From
Bloomberg
via
gCaptain
Record U.S. Goods-Trade Deficit Implies Weaker First-Quarter GDP
By Mark Niquette (Bloomberg) — The US merchandise-trade deficit unexpectedly widened in March to a record as companies continued importing goods to get ahead of tariffs, indicating a large hit to...
From
Austin Schroeder
via
Barchart
Wheat Pressure Continues on Tuesday
The wheat complex is facing slight weakness at Tuesday’s midday, with contracts down across the three markets. Chicago SRW futures are down 4 to 7 cents. Kansas City HRW contracts are 6 to 7 cents lower in the nearbys. MPLS spring wheat is 3 to 4 cents in the red....
From
Austin Schroeder
via
Barchart
Soybeans Falling Lower on Tuesday
The soybean market is down 7 to 12 cents so far on Tuesday, with pressure coming from a drop in bean oil. CmdtyView’s national front month Cash Bean price is down 10 1/2 cents at $9.95 1/4. Soymeal futures are up $4/ton, with Soy Oil futures were back down 115...
From
Austin Schroeder
via
Barchart
Corn Facing Tuesday Pressure
The corn market is falling on Tuesday, with contracts anywhere from 5 to 13 cents in the red, led by the front months. The nearby CmdtyView national average Cash Corn price is down 12 1/2 cents at $4.37. USDA reported a private export sale of 120,000 MT of corn to...
From
Mike Schuler
via
gCaptain
Port of Los Angeles Boss Sees Dramatic Drop in Cargo Volumes
The Port of Los Angeles is projecting a significant decline in cargo volumes, with inbound shipments expected to drop 35% next week compared to last year as major American retailers...
From
Oliver Sloup
via
Barchart
Grain Markets Mixed After a Choppy Start to the Week
Grain markets opened the week on softer ground but stabilized some through Monday’s trade. That choppy trade has led to mixed markets Tuesday morning.
From
Reuters
via
gCaptain
Maersk Says It Has Maintained All Trans-Pacific Sailings Despite Tariff, Trade Uncertainty
Maersk MAERSKb.CO said on Tuesday it had maintained all its scheduled trans-Pacific sailings to date, albeit downsizing some vessels, despite the uncertainty caused by U.S. import tariffs and the trade war between the United States and China.
From
Austin Schroeder
via
Barchart
Wheat Buying the Fact Early on Tuesday Following Rating Improvement
Wheat futures are trading with early Tuesday gains in ‘buy the fact’ action following the ‘sell the (improved ratings) rumor’ action on Monday. The wheat complex fell lower across the three markets on Monday, as futures never recovered from sharp overnight losses. Chicago SRW futures were down 13 to 15...
From
Austin Schroeder
via
Barchart
Soybeans Close Monday with Mixed Action
Soybeans are facing Tuesday morning losses of 4 to 6 cents. The soybean market posted 2 to 4 cent gains in the nearby contracts on Monday, with new crop down ¼ cent on the day. Preliminary open interest was down 24,512 contracts on Monday, with May down 32,666 contracts and...
From
Austin Schroeder
via
Barchart
Corn Leaking Lower Early on Tuesday
The corn market is showing fractional to 2 cent losses across most contracts on Tuesday morning. Corn futures failed to get back above 0 by the close, as contracts were down 2 to 6 cents across most contracts on Monday weakness. Preliminary open interest was down 34,144 contracts on Monday,...
From
Malte Humpert
via
gCaptain
Zombie Ships Are Fast Becoming a Feature of Venezuelan Oil Trade
On Good Friday, an aging supertanker fully laden with oil and calling itself Varada arrived in the waters to the east of Malaysia after a two-month voyage from Venezuela.
From
Mike Schuler
via
gCaptain
F/A-18 Super Hornet Lost Overboard in Red Sea
The USS Harry S. Truman (CVN 75) Carrier Strike Group reported the loss of an F/A-18E Super Hornet and tow tractor during a routine operation in the Red Sea on...