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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
Jim Wyckoff
via
Barchart
Mark Your Calendars: Grain Traders Brace for Major USDA Data Points Tuesday
USDA grain market report days don’t come any bigger than Tuesday’s planting intentions and quarterly grain stocks reports.
From
Mike Schuler
via
gCaptain
Golden Pass LNG in Texas Produces First LNG as Hormuz Crisis Disrupts Global Gas Flows
Golden Pass LNG has produced its first liquefied natural gas from Train 1 at its Sabine Pass export terminal in Texas, marking a major milestone for QatarEnergy’s largest investment in...
From
The Loadstar
via
gCaptain
Bunker Costs Push Intra-Asia Freight Rates Up 10% as Gulf Disruption Bites
The role of bunkers in freight rates has finally crossed into the intra-Asia market, with average rates rising by 10% over the past fortnight.
From
Reuters
via
gCaptain
Red Sea Lessons Haunt Western Effort to Reopen Strait of Hormuz
The Western allies trying to negotiate a way to protect the Strait of Hormuz for energy shipping face a stark reality: a similar effort in the Red Sea that started years earlier cost billions of dollars and ultimately failed against Yemen's Houthis.
From
Mike Schuler
via
gCaptain
Hormuz Shockwaves: UN Warns Energy Spike Could Ripple Through Global Trade
The UN Trade and Development is warning that the Strait of Hormuz crisis is quickly moving beyond a shipping disruption and into a broader economic shock. About a quarter of global seaborne...
From
Mike Schuler
via
gCaptain
Vard Marine Wins U.S. Navy Contract to Develop Next-Generation Logistics Ship Design
Houston-based Vard Marine US, Inc. has secured a contract with the U.S. Navy to help define the service’s future logistics fleet, advancing early-stage design work on the Next Generation Logistics Ship (NGLS),...
From
Austin Schroeder
via
Barchart
Wheat Showing Mixed Action on Monday
The wheat complex is showing mixed action on Monday, with KC the weakest. Chicago SRW futures are 6 to 7 cents higher at midday. KC HRW futures are down 2 to 3 cents reverting from some recent strength. MPLS spring wheat is 5 to 6 cents higher so far on...
The APS Information Center
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From
Bloomberg
via
gCaptain
Trump’s Critical Minerals Obsession Reignites Deep-Sea Mining
The leader of one of the most aggressive seabed mining startups spent years invoking global warming to spark interest in extracting avocado-sized rocks rich in electric-vehicle battery metals from the bottom of the ocean.
From
Bloomberg
via
gCaptain
Oil Shippers, Traders Stay Away from EU-Sanctioned Nayara Energy
Shipowners and oil traders are staying away from Russia-backed Nayara Energy Ltd. as part of the fallout faced by the Indian refiner, after it was singled out in the latest round of European Union sanctions.
From
Reuters
via
gCaptain
Holes in EU Russia Sanctions Put Attention Back on Trump Oil Threat
The European Union's latest effort to restrict Russia's oil revenue is unlikely to hurt Moscow's war effort severely, leaving U.S. President Donald Trump's threat of secondary sanctions one of the few remaining economic levers to pressure the Kremlin.
From
Mike Schuler
via
gCaptain
U.S. Treasury Sanctions Key Houthi Petroleum Network in Yemen and UAE
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated two individuals and five entities involved in money laundering and petroleum importation that directly benefit the...
From
Mike Schuler
via
gCaptain
Shipping Magnate John Fredriksen Selling $337 Million London Mega-Mansion
Shipping billionaire John Fredriksen is leaving the UK after listing his historic London mansion for a eye-popping $337 million, according to reports. The 81-year-old Cypriot, worth an estimated $17 billion,...
From
Reuters
via
gCaptain
Putin Tightens Control Over Ports, Requiring FSB Approval for Foreign Ships
Foreign vessels will require the approval of Russia's FSB security service to access the country's ports, according to a decree signed by President Vladimir Putin.
From
Mike Schuler
via
gCaptain
BAR Technologies Lands Breakthrough LR2 Tanker Order for Wind Propulsion
BAR Technologies has secured a landmark order to install its WindWings propulsion system on two new LR2 dual-fuel tankers, marking one of the first major wind propulsion deployments for this...
From
Mike Schuler
via
gCaptain
BIMCO Introduces Standard Clause to Address USTR’s Chinese Ship Fees
BIMCO, the world’s largest shipping association and leading provider of standardized maritime contracts and clauses, has adopted a standard clause to address contractual uncertainties stemming from the United States Trade...
From
Mike Schuler
via
gCaptain
Hanwha Philly Shipyard Lands First U.S. LNG Carrier Order in Decades From Hanwha Affiliate
Hanwha Shipping, a unit of South Korean conglomerate Hanwha Group, announced today it has ordered a liquefied natural gas (LNG) carrier from Hanwha Philly Shipyard, marking the first U.S.-ordered, export-market-viable...
From
Mike Schuler
via
gCaptain
Falling Container Imports Hint at Tariff-Driven Slowdown for U.S. Economy
The ten largest US ports recorded a 7.9% year-over-year drop in inbound container volume in June, marking the second consecutive month of declines following May’s 6.6% decrease, according to the...
From
Mike Schuler
via
gCaptain
Matson Suspends Electric Vehicle Shipments Over Battery Fire Concerns
Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has announced the immediate suspension of transporting electric and plug-in hybrid vehicles aboard its vessels, citing growing safety concerns...
From
Mike Schuler
via
gCaptain
India Cracks Down on Fraudulent Seafarer Certificates Amid Global Safety Concerns
The Directorate General of Shipping (DGS) of India has issued a stringent circular addressing the growing problem of fraudulent seafarer certificates, which threatens maritime safety standards worldwide. The directive, released...