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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
Austin Schroeder
via
Barchart
Wheat Closes Mixed on Monday
The wheat complex posted mixed action on Monday, with KC the weakest. Chicago SRW futures were mostly fractionally to 2 ¾ cents higher. KC HRW futures were down 6 to 7 cents reverting from some recent strength. MPLS spring wheat was 2 to 4 cents higher on Monday. The Kansas...
From
Austin Schroeder
via
Barchart
Soybeans Pull Back to Steady into Monday’s Close
Soybeans saw weakness late on Monday as front months came back to close with fractionally mixed action. The cmdtyView national average Cash Bean price was up 3/4 cent at $10.87 3/4. Soymeal futures were down 40 cents to up 70 cents, with Soy Oil futures 52 to 106 points higher....
From
Austin Schroeder
via
Barchart
Corn Faces Pressure on Monday
Corn futures saw some pressure on Monday ahead of the end of March USDA reports on Tuesday, with contract closing down 3 ½ to 6 ¼ cents. The CmdtyView national average Cash Corn price was down 6 cents to $4.13 1/2. USDA reported a private export sale of 145,000 MT...
From
Ben DiCostanzo
via
Barchart
Hog Rally Stalls and Pulls Back
Hogs test resistance and pulls back to close below it
From
Chris Swift
via
Barchart
Shootin' the Bull about higher prices
After the run up on the opening, there wasn't much left to the market.
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.
The APS Information Center
For detailed updates and additional resources, explore our resources section.
From
Malte Humpert
via
gCaptain
EU Delists Three Sanctioned MOL LNG Carriers After Assurances Vessels Will Not Carry Russian Arctic Gas
In what appears to be a first, the European Union has delisted three previously sanctioned Mitsui O.S.K. Lines (MOL) LNG carriers. The move comes as part of the EU’s 18th package of economic sanctions against Russia, which imposed measures against 105 additional shadow fleet vessels.
From
Reuters
via
gCaptain
At Least 27 Killed After Vietnam Tourist Boat Capsizes
HANOI, July 19 (Reuters) – At least 27 people died after a tourist boat capsized in stormy weather in Vietnam’s Halong Bay on Saturday, state media reported. The boat, carrying 53 people, tipped over at around 2...
From
Reuters
via
gCaptain
Chevron Wins Exxon Case But Loses Time, Oil And Billions
By Arunima Kumar July 18 (Reuters) – Exxon Mobil XOM.N has lost its arbitration challenge to block Chevron’s CVX.N $55 billion Hess HES.N acquisition deal, but the top U.S. oil producer managed to delay the tie-up by over a year,...
From
Bloomberg
via
gCaptain
Iraq Set for Key Oil Cargo Surge in Sign of Increased Output
Iraq will raise shipments of a key crude grade next month, part of an enlarged export program indicating that the OPEC+ nation is boosting its oil production.
From
Reuters
via
gCaptain
Greek Owner of Cocaine-Loaded Vessel Seized in 2023 Denies Charges
ATHENS, July 18 (Reuters) – The Greek former owner of a cargo ship, seized by Spain in 2023 for carrying more than four tons of cocaine along with coffee beans from Latin America to...
From
Mike Schuler
via
gCaptain
Cadeler Bags Long-Term Contract With Vestas as New Jack-Up Vessel Arrives Early
Offshore wind installation specialist Cadeler has taken delivery of its newest jack-up vessel, Wind Keeper, ahead of schedule and simultaneously secured a substantial long-term contract with wind turbine manufacturer Vestas....
From
Reuters
via
gCaptain
EU’s New Russia Sanctions Aim for More Effective Oil Price Cap
The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry.
From
The Loadstar
via
gCaptain
GRIs Fizzle as Transpacific Spot Rates Extend Losing Streak
It was a relatively flat week for pricing on the major deepsea box shipping trades, with a scheduled mid-week general rate increase (GRI) failing to lift container spot rates on the headhaul eastbound transpacific route.
From
Mike Schuler
via
gCaptain
EU Targets Russia’s Shadow Fleet with Sweeping Sanctions in 18th Package
The European Union has adopted its 18th package of sanctions against Russia, with significant measures targeting the maritime sector and Russia’s shadow fleet operations that have been circumventing previous restrictions....
From
Reuters
via
gCaptain
New York Halts Offshore Wind Transmission Planning Amid Federal Permit Freeze
The New York State Public Service Commission has terminated its offshore wind transmission planning process due to stalled federal permitting, to protect state ratepayers from premature infrastructure costs, it said on Thursday.
From
Mike Schuler
via
gCaptain
Fatigue and Cell Phone Use Lead to $810,000 Mississippi River Barge Collision
A tow pilot distracted by personal cell phone use and suffering from fatigue caused a significant collision with moored barges on the lower Mississippi River last year, according to a...
From
Mike Schuler
via
gCaptain
Container Rates Continue Five-Week Slide as Tariff Impact Fades
Drewry’s World Container Index recorded its fifth consecutive weekly decline on Thursday, dropping 2.6% as the market continues to cool following earlier tariff-driven volatility. The downturn comes after a significant...