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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
China Hits Back Hard in Global Trade War With Tariffs on US Goods
China announced additional tariffs of 34% on U.S. goods on Friday, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession and triggered a global stock market rout.
From
gCaptain
via
gCaptain
Tankers International: VLCC Market Faces a Mirage of Growth as Ageing Fleet Drags Down Supply
VLCC specialist Tankers International is projecting effective vessel supply growth of only 1% in the next three years due to the declining usable capacity of a rapidly-ageing global VLCC fleet.
From
Mike Schuler
via
gCaptain
IMO’s Historic Carbon Pricing Framework for Global Shipping Enters Final Negotiation Phase
The International Maritime Organization (IMO) is on the cusp of implementing the world’s first global emissions pricing system for any sector, as negotiations enter their final stage at the Marine...
From
Reuters
via
gCaptain
China Hits Back at US Tariffs With Rare Earth Export Controls
China placed export restrictions on key rare earth elements on Friday as part of its sweeping response to President Donald Trump's tariffs, potentially squeezing supply to the U.S. and the West of minerals vital to everything from defense to electric cars.
From
Darin Newsom
via
Barchart
Is the US Soybean Market Great Again?
Regardless of how one views the US soybean market, there are a number of fundamental factors that shed light on the situation.
From
Bloomberg
via
gCaptain
Russian Oil Stuck On India-Banned Ship Finds New Tanker
A cargo of Russian crude that was on a ship rejected by Indian port authorities is now being transferred to another tanker, ship-tracking data show, a sign of how traders are finding ways to skirt regulatory hurdles to keep sensitive freight moving.
From
Austin Schroeder
via
Barchart
Soybeans Collapsing on Tariff Response
Soybeans are posting another round of sharp losses on Friday morning, with contracts down 22 to 25 cents following an overnight Chinese response. They closed the Thursday session with losses of 18 to 20 cents after a gap lower at the open. Preliminary open interest data suggested net new selling,...
The APS Information Center
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From
Austin Schroeder
via
Barchart
Wheat Mixed at Wednesday’s Close
Wheat posted mixed trade at Wednesday’s close, as contracts were higher in the KC market but lower in the others. Chicago SRW futures saw losses of 1 to 2 cents on the day. Kansas City HRW contracts settled with 3 to 4 cent gains on Wednesday. MPLS spring wheat was...
From
Austin Schroeder
via
Barchart
Soybeans Slip Lower on Wednesday, with Reciprocal Tariffs Announced
Soybeans pulled off the lows on Wednesday, but still closed in the red, down 2 to 5 cents. CmdtyView’s national front month Cash Bean price was down 5 cents at $9.73. Soymeal futures were down $3.20 to $5.10/ton at the close, with Soy Oil futures up another 66 to 111...
From
Austin Schroeder
via
Barchart
Corn Fall on Wednesday as Liberation Day Tariffs Announced
Corn futures closed the midweek session with contracts fractionally lower in some new crop months to as much 4 cents in the red for nearbys. The CmdtyView national average Cash Corn price was down 3 3/4 cents on the day at $4.27 1/2. President Trump’s “Liberation Day” tariffs came with...
From
Bill Allen
via
Barchart
Pure Hedge - Livestock and Grain
New Seasonal/Contract Highs for the Fats - Now Can It Break. Soybean Oil Making New Contract Highs as Well.
From
Mike Schuler
via
gCaptain
Trump Drops Tariff Bomb On All U.S. Imports and Higher Reciprocal Rates
President Donald Trump said on Wednesday that he would impose a 10% baseline tariff on all imports to the United States and higher duties on some of the country's biggest trading partners, in a move that ratchets up a trade war that he kicked off on his return to the White House.
From
Sean Lusk
via
Barchart
Grain Spreads: Funds Potentially Record Short Meal
Over 100K Net Short Possible
From
Mike Schuler
via
gCaptain
IMO Prepares to Finalize Decarbonization Framework That Could Reshape Global Shipping
The International Maritime Organization (IMO) is preparing to finalize crucial greenhouse gas (GHG) reduction measures at its upcoming Marine Environment Protection Committee meeting (MEPC 83) in London. The high-stakes meeting,...
From
Mike Schuler
via
gCaptain
Stena Immaculate Crew Praised After Fiery Collision at Anchor
The crew of the U.S.-flagged tanker Stena Immaculate demonstrated exceptional professionalism when their vessel was struck by the containership Solong off Britain’s east coast on March 10, preventing what could...
From
Austin Schroeder
via
Barchart
Soybeans Still Weaker on Wednesday
Soybeans are trading with midday weakness on Wednesday, as contract are down 2 to 6 cents. CmdtyView’s national front month Cash Bean price is down 6 1/4 cents at $9.72 ¾. Soymeal futures are down$4.50/ton, with Soy Oil futures up another 79 points so far on the day. USDA reported...
From
Austin Schroeder
via
Barchart
Wheat Mixed at Midday
Wheat is trading with mixed action on Wednesday. Chicago SRW futures are posting midday losses of 1 to 2 cents. Kansas City HRW contracts are trading with 3 to 5 cent gains so far. MPLS spring wheat is 1 to 2 cents lower at midday. USDA’s Export Sales report is...
From
Austin Schroeder
via
Barchart
Corn Off Early Lows at Midday
Corn futures are weaker on Wednesday’s midday, with contracts down 1 to 4 ¼ cents lower. Futures are off the early lows. The CmdtyView national average Cash Corn price is down 4 1/4 cents on the day at $4.27. President Trump is set to roll out tariffs later this afternoon...
From
Mike Schuler
via
gCaptain
OFAC Targets Russia-Houthi Grain Smuggling Ship
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has designated multiple entities and individuals involved in a maritime smuggling operation that transported stolen Ukrainian grain and weapons from Russia...