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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.
The APS Information Center
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From
Reuters
via
gCaptain
Venezuela Oil Exports Hit 7-Year High as U.S., India, Europe Ramp Up Buying
Venezuela's oil exports rose 14% to 1.23 million barrels per day in April, the highest in more than seven years, fueled by more sales to the United States, India and Europe, shipping data and documents from state company PDVSA showed on Friday.
From
Mike Schuler
via
gCaptain
U.S. Treasury Expands Hormuz ‘Toll’ Warning, Puts Maritime Industry on Notice
The U.S. Treasury Department has widened its warning over reported Iranian “toll” demands in the Strait of Hormuz, issuing a new alert that lays out, in far more detail, the...
From
Darin Newsom
via
Barchart
What Can the CFTC Do About It?
There are more calls for the CFTC to step in and start regulating all the new "trading" (aka gambling) taking place in markets these days. The problem is the Commission's hands are tied.
From
The Loadstar
via
gCaptain
Transpacific Defies Downtrend as Container Spot Rates Climb on War-Driven Demand
Container spot freight rates on the transpacific trade into the North America west coast managed to defy gravity and edge up this week, while most other east-west trades witnessed a third consecutive week of declines.
From
Mike Schuler
via
gCaptain
Piracy Resurfaces Off Somalia as Hormuz Crisis Stretches Naval Security
Piracy concerns are escalating rapidly off the Horn of Africa after two vessels were hijacked last week and multiple new approaches were reported across the western Indian Ocean, prompting security...
From
Austin Schroeder
via
Barchart
Corn Back to Higher Trade on Friday Morning
Corn price action is mixed early on Friday, morning, with the now in-delivery May down 1 ¼ cents and other contracts 2 to 3 cents higher. Futures posted modest losses to close out April with contracts ¼ to 3 ½ cents. There were 19 delivery notices on First Notice Day...
From
Austin Schroeder
via
Barchart
Wheat Trading with Friday AM Gains
Wheat is mostly higher on Friday morning, with the nearby May thin and in-deliveries. The wheat complex posted some profit taking on Thursday, with all three markets facing pressure. Chicago SRW futures were down 11 ¾ to 18 ½ cents in the front months. There were 312 delivery notices against...
From
Austin Schroeder
via
Barchart
Soybeans Posting Friday AM Strength
Soybeans are extending higher on Friday morning, with contracts up 3 to 4 cents. Futures bounced off early session lows on Thursday to close with contracts down ¼ to 1 ½ cents in old crop contracts and up 1 3/4 to 3 cents in the new crops. Open interest rose...
From
Trent Klarenbach
via
Barchart
Soybeans: The Battle for $12.00 & $12.70 Price Targets
Nearby soybeans battle $12.00 as farmers watch the 200-week moving average. Our analysis shows why this market rally could reach a $12.70 target.
From
Jim Wyckoff
via
Barchart
Soybean Meal Is a Value-Buying Opportunity, And These Prices Highlight a Swing Trade Here
July soybean meal futures present a swing-trade buying opportunity on more price strength.
From
Oliver Sloup
via
Barchart
New crop corn and soybeans continue to impress. Is a bigger move coming this Spring/Summer?
April proved to be another strong month for grains. Can the winning streak continue in May? Fundamental catalysts and technical tailwinds may be able to help prices surprise to the upside.
From
Bloomberg
via
gCaptain
Trump Vows to Maintain Pressure on Iran Through Naval Blockade
US President Donald Trump vowed to maintain a naval blockade on Iran and was briefed by commanders on further military options, according to a report, underscoring the fragility of the ceasefire between the warring countries.