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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
Reuters
via
gCaptain
U.S. Pushes International ‘Maritime Freedom Construct’ as Strait of Hormuz Remains Shut
The U.S. is pushing for other countries to form an international coalition to restore freedom of navigation in the Strait of Hormuz, according to a State Department cable seen by Reuters, as oil prices surged to their highest in more than four years on fears of longer-term disruptions to global fuel supplies.
From
Bloomberg
via
gCaptain
Iran War Is ‘Supercharging’ the Energy Transition, UNFCCC Says
The Iran war is accelerating a shift toward renewable energy as governments race to reduce supply-chain vulnerabilities, according to UNFCCC Executive Secretary Simon Stiell.
From
Trent Klarenbach
via
Barchart
Minneapolis HRSW: Facing 200-Week Moving Average Resistance
Technical analysis of Minneapolis spring wheat as it tests the 200-week MA. Explore key price targets and trends impacting Prairie grain marketing strategies.
From
Reuters
via
gCaptain
US Military Commanders to Brief Trump On Military Options Against Iran, US Official Says
Top U.S. military leaders including Admiral Brad Cooper, the head of Central Command, will brief President Donald Trump later on Thursday on potential military action against Iran, a U.S. official told Reuters.
From
Austin Schroeder
via
Barchart
Wheat Feeling Month End Pressure on Thursday Morning
Wheat is showing early Thursday morning losses, as bulls take profits into the last trade day of April. The wheat complex fell off the early session highs on Wednesday, as month end profit taking got off to a day early start. Chicago SRW futures were down fractionally to 6 ¾...
From
Austin Schroeder
via
Barchart
Soybeans Slipping Back After Hitting Fresh New Crop Highs Overnight
Soybeans are showing 3 to 5 cent losses on Thursday morning, pulling back from overnight strength, which saw November hit a new high for the move at $11.78. Futures rounded out the Wednesday trade with most contracts up 2 ¼ to 9 ¼ cents, led by the old crop contracts....
From
Austin Schroeder
via
Barchart
Corn Slipping Back Early to Close Out April Trade
Corn is starting out the last trade day of April with 1 to 3 cent losses. Futures held on to gains on Wednesday, despite pulling off early highs. Most nearby contracts were fractionally to 2 ½ cents higher, with a few deferreds steady to fractionally lower. Open interest was up...
From
Oliver Sloup
via
Barchart
Grain markets are softer in the early morning trade. Is the top in?
Grain markets made new highs in yesterday's trade but are softer in the early morning trade. Is a longer term top in, or is this just a healthy pullback?
From
Bloomberg
via
gCaptain
US Seeks Forfeiture of Seized Oil Tankers Linked to Iran
The US is seeking forfeiture of two Iran-linked oil tankers seized by naval forces enforcing a blockade against the Islamic Republic, according to a senior administration official.
From
John Konrad
via
gCaptain
The United States Did Not Just Outsource Shipbuilding. It Outsourced Demand.
Why America’s Cargo Demand Is Building Maritime Capacity Everywhere but at Home By Bruce Kimbrell (Policy Op-Ed) I spent last week at the Sea-Air-Space Conference at the Gaylord in Maryland...
From
Austin Schroeder
via
Barchart
Corn Closes Wednesday with Modest Gains
Corn futures held on to gains on Wednesday, despite pulling off early highs. Most nearby contracts were fractionally to 2 ½ cents higher, with a few deferreds steady to fractionally lower. The CmdtyView national average Cash Corn price was up 1 1/4 cents at $4.33 1/2. EIA’s weekly report showed...
From
Austin Schroeder
via
Barchart
Soybeans Rally as Bean Oil Hits Contract Highs
Soybeans rounded out the Wednesday trade with most contracts up 2 ¼ to 9 ¼ cents, led by the old crop contracts. Some back months were fractionally to 2 cents lower. The cmdtyView national average Cash Bean price was up 10 cents at $11.25. Soymeal futures were down 40 cents...