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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
Sanctioned Shadow Fleet Tanker Hijacked in Gulf of Aden and Diverted Toward Somalia
A U.S.-sanctioned product tanker has been hijacked in the Gulf of Aden and redirected toward Somalia after six armed men boarded and seized control of the vessel, marking the second...
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...
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From
Austin Schroeder
via
Barchart
Wheat Holds for Gains on Monday, as Crop Ratings Remain Steady
The wheat complex saw strength across most contracts on Monday. Chicago SRW futures were 11 1/2 to 13 1/4 cents higher on the day. KC HRW futures were 5 1/2 to 8 1/4 cents in the green at the close. MPLS spring wheat were steady to 1 ¾ cents higher....
From
Austin Schroeder
via
Barchart
Corn Closes Higher to Start the Week
Corn futures posted Monday gains of 1 ¼ to 5 ¾ cents across the board on Monday. The CmdtyView national average Cash Corn price was up 5 3/4 cents at $4.25 1/4. Monday morning’s Export Inspections report showed 1.644 MMT (64.73 mbu) of corn shipped in the week of 4/23....
From
Mike Schuler
via
gCaptain
Ulsan Port Claims World’s First Ammonia Bunkering in Alternative Fuel Milestone
South Korea’s Ulsan Port Authority said it has completed what it describes as the world’s first port-to-ship ammonia bunkering operation for a commercial vessel, marking a new step in shipping’s search for scalable zero-carbon fuels.
From
Mike Schuler
via
gCaptain
Trump Expands Offshore Wind Buyout Strategy With New Deals Steering Capital Into LNG and Oil
The Trump administration has expanded its newfound strategy of unwinding offshore wind development through negotiated buyouts, announcing two new agreements that will see two projects give up federal offshore leases...
From
Chris Swift
via
Barchart
Shootin' the Bull about improvements in marketing abilities
Futures traders continued to narrow basis spreads starting off the week. Although not the best marketing price structure, it is improved greatly from last week, and second only to two weeks ago.
From
Mike Schuler
via
gCaptain
IMO Chief Warns ‘No Safe Transit’ in Hormuz, Rejects Tolls at U.N. Security Council
The head of the International Maritime Organization used a rare appearance before the United Nations Security Councilon Monday to deliver some of his strongest statements yet that the crisis in the Strait of...
From
Austin Schroeder
via
Barchart
Soybeans in Rally Mode on Monday
Soybeans are up 11 to 15 cents across most contracts on Monday. The cmdtyView national average Cash Bean price is up 15 cents at $11.17 1/4. Soymeal futures are up $9.50 to $9.70 in the front months, with Soy Oil futures up 20 to 24 points. USDA’s FGIS tallied soybean...
From
Austin Schroeder
via
Barchart
Wheat Posting Monday Gains
The wheat complex is showing midday gains on Monday. Chicago SRW futures are 12 to 13 cents higher on the day. KC HRW futures are 6 to 9 ¼ cents in the green at midday. MPLS spring wheat are up 2 to 3 cents in the front months on Monday....
From
Austin Schroeder
via
Barchart
Corn Posting Midday Gains
Corn futures are trading with contracts up 4 to 5 ½ cents on Monday. The CmdtyView national average Cash Corn price is down 5 cents at $4.25 3/4. Monday morning’s Export Inspections report showed 1.644 MMT (64.73 mbu) of corn shipped in the week of 4/23. That was 1.33% below...
From
Reuters
via
gCaptain
Oil Prices Hit Two-week High as Iran Talks Stall and Strait Shipments Lag
NEW YORK, April 27 (Reuters) – Oil prices climbed about 2% to a two-week high on Monday as peace talks between the U.S. and Iran stalled and shipments through the Strait of Hormuz remained...
From
Bloomberg
via
gCaptain
Dual Hormuz Blockade Cuts Ship Transits to Near Zero
The Strait of Hormuz remains effectively shut to international shipping as the double blow of Iranian and US blockades leaves the key energy corridor largely dormant.