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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
Austin Schroeder
via
Barchart
Corn Closes Mixed on Friday
The corn market settled the Friday session with some bear spreading going on, as nearby contracts were down 3 to 4 cents and new crop December was up 3 cents. July was down 16 ½ cents this week. The nearby CmdtyView national average Cash Corn price was down 3 at...
From
Austin Schroeder
via
Barchart
Soybeans Post Gains to Head into the Weekend
Soybeans posted 6 to 9 cents gains across most nearby contracts on Friday, with July closing out the week with a 1 ¼ cent loss. CmdtyView’s national front month Cash Bean price was up 9 cents at $10.06 3/4. Soymeal futures posted a $2.50 to $3.70 on Friday, as July...
From
Sean Lusk
via
Barchart
Grain Spreads: Trade Wars/Deals Wheat & Soymeal
Funds Near Record Short in Meal and Wheat.
From
Chris Swift
via
Barchart
Shootin' The Bull About All Time Highs in Cattle
This week's price action ended on a positive note for bulls with June fats finishing up $3.05 and Aug feeders up $2.60. After a choppy trade this week and what looked like a lot of indecision among traders, new contract highs were made across the board today, supported by the boxed beef trade which was up 16.29 in 5 days.
From
Mike Schuler
via
gCaptain
Trump Administration Reverses Course on Biden Offshore Decommissioning Bonding Rule
The U.S. Department of the Interior announced plans to revise the Bureau of Ocean Energy Management’s (BOEM) 2024 Risk Management and Financial Assurance Rule for offshore operations, reverting to a...
From
Oliver Sloup
via
Barchart
Markets Now: Grain and Livestock See Green on Friday
Oliver Sloup joins Michelle Rook on Markets Now to discuss Grain and Livestock Markets Finish the Week on Mostly Higher Ground
From
Mike Schuler
via
gCaptain
U.S. Navy Flight Tests Sea-Based Hypersonic Missile Launch System
The U.S. Navy has achieved a significant milestone in its hypersonic weapons program with a successful end-to-end flight test of a conventional hypersonic missile at Cape Canaveral Space Force Station,...
From
Austin Schroeder
via
Barchart
Products Mixed, But Soybean Futures are Higher
Soybeans are trading 5 to 8 cents higher at midday on Friday. Futures closed out the Thursday session with contracts 4 to 7 cents across most months. Preliminary open interest was up 3,770 contracts on Thursday, suggesting light net new buying. There were 3 deliveries issued against May beans overnight....
From
Austin Schroeder
via
Barchart
Wheat Higher on Friday? By Double Digits!
Wheat is trading with Friday morning gains across the three exchanges. Most contracts are up 10 to 12 cents per bushel. The wheat complex was mixed on Thursday, with contracts on either side of unch across the three markets. Preliminary open interest was up 7,187 contracts on Thursday, with OI...
From
Austin Schroeder
via
Barchart
Corn Posting Modest Gains at Midday on Friday
Corn futures are 2 cents lower to 3 cents higher at midday on Friday, led by new crop December. The corn market ended the Thursday session with contracts down 3 to 4 cents in the nearbys and up a penny in December. Preliminary open interest was up 6,510 contracts on...
From
Reuters
via
gCaptain
Activist Aid Ship Hit by Drones on Way to Gaza
VALLETTA, May 2 (Reuters) – A ship carrying humanitarian aid and activists for Gaza was bombed by drones in international waters off Malta early on Friday, its organizers said, alleging that Israel was to blame. The...
From
Bloomberg
via
gCaptain
Dominion Says Tariffs May Add $500 Million to Wind Project Cost
President Donald Trump’s tariffs threaten to increase the cost of a big offshore wind farm that Dominion Energy Inc. is building by as much as $500 million, the company said Thursday.