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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
Wheat Rally Extends to Fresh Highs on Tuesday
The wheat complex posted a double digit rally across the three exchanges on Tuesday. Chicago SRW futures were 17 to 28 1/4 cents higher on Tuesday. KC HRW futures were up 18 to 29 ½ cents across most contracts. MPLS spring wheat was 12 1/2 to 21 1/2 cents higher...
From
Austin Schroeder
via
Barchart
Corn Rallies with Wheat on Tuesday
Corn futures closed the Tuesday session with contracts 3 ¼ to 6 ½ cents higher, as spillover support from the wheat market is supportive. The CmdtyView national average Cash Corn price was up 7 cents at $4.32 1/4. NASS Crop Progress data showed the US corn crop at 25% planted...
From
Mike Schuler
via
gCaptain
Security Council Demands Freedom of Navigation in Hormuz as Shipping Risks Mount
The United Nations Security Council heard urgent calls Monday to restore freedom of navigation through the Strait of Hormuz, as world leaders warned disruptions in one of the world’s most critical maritime chokepoints...
From
Chris Swift
via
Barchart
Shootin' the Bull about breaking patterns and stretching oneself thin
New contract highs in the fats voids the anticipated H & S pattern.
From
Mike Schuler
via
gCaptain
Opposition to Jones Act Waiver Extension Widens as Maritime Industry Pushes Back
The Trump administration’s decision to extend its broad Jones Act waiver another 90 days is drawing mounting opposition across the U.S. maritime sector, with labor unions, domestic operators, trade groups...
From
Austin Schroeder
via
Barchart
Soybeans Feeling Modest Weakness on Turnaround Tuesday
Soybeans are slipping lower on Turnaround Tuesday, with contracts down 2 to 6 ½ cents. The cmdtyView national average Cash Bean price is down 5 3/4 cents at $11.10 1/2. Soymeal futures are down $2 to $2.50 across the front months, with Soy Oil futures up 55 to 65 points...
From
Austin Schroeder
via
Barchart
Corn Pushing Higher at Tuesday’s Midday
Corn futures are trading with 2 to 5 cent gains in most front months on Tuesday, as spillover support from the wheat market is supportive. The CmdtyView national average Cash Corn price is up 2 3/4 cents at $4.28 1/4. NASS Crop Progress data showed the US corn crop at...
From
Austin Schroeder
via
Barchart
Wheat Rally Extending to Fresh Highs on Tuesday
The wheat complex is trading with contracts double digits higher across the three exchanges. Chicago SRW futures are 20 to 23 cents higher so far on Tuesday. KC HRW futures are up 20 to 25 ½ cents in the nearbys. MPLS spring wheat is showing 13 to 15 cent gains...
From
Reuters
via
gCaptain
UAE Quits OPEC in Major Blow to Global Oil Producers’ Group
The United Arab Emirates said on Tuesday it was quitting OPEC, dealing a heavy blow to the oil producers' group as an unprecedented energy crisis triggered by the Iran war exposes discord among Gulf nations.
From
Reuters
via
gCaptain
Iran’s Guards Seize Wartime Power, Blunting Supreme Leader’s Role
Two months into a war with the U.S. and Israel, Iran no longer has a single, undisputed clerical arbiter at the pinnacle of power — an abrupt break with the past that may be hardening Tehran’s stance as it weighs renewed talks with Washington.
From
Bloomberg
via
gCaptain
Trump Says Iran Wants Hormuz Open in Tussle Over War’s End
President Donald Trump said Iran has asked the US to lift a naval blockade of the Strait of Hormuz while the two sides negotiate an end to the two-month war, which has upended global energy supplies.