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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
Mike Schuler
via
gCaptain
U.S. Targets Iran–China Oil Pipeline in Dual Sanctions Move on Shipping and Finance
The United States escalated its pressure campaign on Iran Friday, pairing maritime sanctions with a parallel strike on the financial channels that convert oil sales into cash, in what officials...
From
Mike Schuler
via
gCaptain
IMO Climate Talks Stay Alive as Carbon Plan Survives U.S. Pushback at MEPC 84
The International Maritime Organization has kept its landmark shipping climate framework alive following a week of high-stakes negotiations in London, setting up a decisive endgame later this year after deep divisions again...
From
Nick Ehrenberg
via
Barchart
Live Cattle & Feeders On The Run, New Targets
Educational and Actionable information using Fibonacci and W.D. Gann analysis.
From
Chris Swift
via
Barchart
Shootin' the Bull about skating on thin ice
All industry participants spread themselves thinner in projected negative margins between sectors traded, as spreads between beef and cattle widened, and from weight class to weight class.
From
Reuters
via
gCaptain
White House Says Iran Hostilities ‘Terminated’ as War Powers Deadline Arrives
U.S. President Donald Trump's administration argued that a ceasefire with Tehran had "terminated" hostilities as a legal deadline arrived on Friday for coming to Congress about the two-month Iran war.
From
Bloomberg
via
gCaptain
Exxon, Chevron Beat Profit Estimates on War-Driven Oil Rally
Exxon Mobil Corp. and Chevron Corp. posted stronger-than-expected earnings for the first quarter as higher oil and natural gas prices outweighed production outages from the Iran war.
From
Reuters
via
gCaptain
US Naval Blockade Squeezes Iran’s Oil Exports, Forces Crude Onto Floating Storage
A U.S. naval blockade of Iranian ports has shrunk Tehran's oil exports, stranding a growing stockpile of crude on tankers as Iranian storage sites run out of space, shipping data showed and analysts said.
From
Austin Schroeder
via
Barchart
Wheat Trading Mostly Higher at Midday
The wheat complex is showing mostly modest gains on Friday. Chicago SRW futures are mixed, with May down 3 ½ cents and other contracts up 1 to 2 cents. There were 312 delivery notices against May CBT wheat futures overnight. KC HRW futures are showing gains of a nickel in...
From
Austin Schroeder
via
Barchart
Soybeans Trading with Friday Gains
Soybeans futures are trading with contracts 3 to 8 cents higher as nearby May is down 1 ½ cents. The cmdtyView national average Cash Bean price is up 9 cents at $11.32 1/4. Soymeal futures are steady to $1.70 lower, with Soy Oil futures up 22 to 42 points. There...
From
Austin Schroeder
via
Barchart
Corn Posting Gains to Round Out the Week
Corn futures are trading with contracts up 5 to 7 ¼ cents across most contracts on Friday. The CmdtyView national average Cash Corn price is higher on the day to $4.41 ¾. USDA reported a private export sale of 148,240 MT of corn to unknown destination this morning, with 78,240...