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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
Tanker off Yemen Boarded by Armed People, Diverted Towards Somalia, UKMTO Says
A tanker was boarded by six armed people who took control of the vessel and diverted it towards Somalia, the United Kingdom Maritime Trade Operations (UKMTO) said on Thursday.
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.
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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...
From
Austin Schroeder
via
Barchart
Wheat Fades Back to Close Mixed on Wednesday
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 cents, with deferreds up ¼ to 3 ¼ cents. KC HRW futures were up fractionally to 2 ½...
From
Mike Schuler
via
gCaptain
FMC Judge Orders OOCL to Pay $45.6 Million in Landmark Bed Bath & Beyond Shipping Case
Three years after bankrupt retailer Bed Bath & Beyond accused Orient Overseas Container Line of auctioning off contracted vessel space to higher-paying cargo during the pandemic supply chain crisis, a Federal Maritime...
From
Reuters
via
gCaptain
Trump Discusses Sustaining Iran Blockade for Months as Oil Prices Surge
Donald Trump discussed how to mitigate the impact of a possible months-long U.S. blockade of Iran's ports with oil companies, a White House official said on Wednesday, as the U.S. president urged Tehran to "get smart soon" and sign a deal.
From
Mike Schuler
via
gCaptain
Navy Awards HII $283 Million Contract to Kick Off FF(X) Frigate Construction
The U.S. Navy has awarded HII’s Ingalls Shipbuilding a $283 million contract to begin lead yard support work for the Navy’s new FF(X) frigate program, marking a major next step...
From
Chris Swift
via
Barchart
Shootin' the Bull about abnormalities in the industry
There are multiple abnormalities taking place within the industry that are expected to continue to reshape it.
From
Austin Schroeder
via
Barchart
Corn Holding Firm on Wednesday
Corn futures are trading with contracts fractionally to 1 ¼ cents higher at midday on Wednesday. The CmdtyView national average Cash Corn price is up 1 cent at $4.33 1/4. EIA’s weekly report showed a larger than expected drop in ethanol production in the week that ended on April 24,...
From
Austin Schroeder
via
Barchart
Soybeans Pushing Higher on Wednesday
Soybeans are posting 3 to 8 cent gains in the front months on Wednesday. The cmdtyView national average Cash Bean price is up 8 1/4 cents at $11.23 1/4. Soymeal futures are down $3.70 to $6.40 across the front months, with Soy Oil futures up 123 to 135 points Crush...
From
Austin Schroeder
via
Barchart
Wheat Holding onto Gains at Midday
The wheat complex is holding higher on Wednesday, after retreating from early highs. Chicago SRW futures are trading with 1 to 3 cent gains at midday. KC HRW futures are 7 to 8 cents in the green on Wednesday. MPLS spring wheat is 4 to 7 cents higher in the...
From
Paul Morgan
via
gCaptain
The Forgotten Fuel That Could Power Shipping’s Future
Thorium, an abundant and largely overlooked radioactive metal, is emerging as the fuel of a new generation of compact molten salt reactors that could transform how ports produce marine fuels and support the energy transition. With China achieving the world’s first experimental proof of the thorium breeding cycle, and Danish engineers designing factory-built reactors that fit inside a shipping container, the timeline may be shorter than most in shipping expect.
From
Bloomberg
via
gCaptain
Strait of Hormuz Nears Third Month of Closure
A fully-laden Japan-linked oil tanker completed a rare transit of the Strait of Hormuz, as the effective closure of the waterway to most international traffic enters its third month.