Posted to Maritime Reporter
on
March 2, 2026
A number of marine insurers have announced that they are cancelling their war risk coverage for ships because of the conflict in the Gulf and Iran. According to notices posted on their websites dated March 1, insurers such as?Gard?, Skuld?, NorthStandard?…
Posted to Maritime Reporter
on
March 2, 2026
S&P Global Platts, a company that reports oil prices, has suspended bids and offers to assess the price of Middle East refined products transiting the Strait of Hormuz due to the shipping disruptions resulting from the U.S./Iran conflict. The note was sent on Monday.
Posted to Maritime Reporter
on
March 1, 2026
Airline shares fell on Monday. Hong Kong's Cathay Pacific and Australia's Qantas Airlines, as well as Singapore Airlines, Japan Airlines, and Singapore Airlines all dropped more than 5%. This was after Israel and the U.S. launched strikes against?Iran over the weekend…
Posted to Maritime Reporter
on
March 1, 2026
Donald Trump, the president of the United States, announced on Sunday that he was launching a military operation to sink Iran's Navy. The U.S. military is sinking Iran's Navy. They have destroyed nine Iranian warships and are "going after" the remaining ones.
Posted to Maritime Reporter
on
March 1, 2026
As the Iran conflict disrupted shipping through the Strait of Hormuz and a rise in oil prices is expected when trading resumes Monday, Asian governments and refiners have been rushing to assess their oil stocks and alternative routes. Asia is…
Posted to Maritime Reporter
on
March 1, 2026
On Sunday, loud blasts could be heard in Dubai and Doha, the capital of Qatar. Oman was also hit for the first time in retaliatory attacks on Gulf neighbours in response to a 'U.S. Israeli attacks on the Islamic Republic have increased. Iran said that it would "target U.S.
Posted to Maritime Reporter
on
February 27, 2026
According to European traders, the Korea Feed Association (KFA) purchased 66,000 metric tons of animal feed?corn? in a private transaction on Friday. Trading house Olam was said to have bought the corn that would have been sourced from South America, the United States or South Africa.
Posted to Maritime Reporter
on
February 27, 2026
South Korea's Major Feedmill Group (MFG), according to European traders, has so far purchased about 135,000 metric tonnes of animal -feed corn in a?international?tender that sought up to 210,000 metric tons on Friday. Traders said that it was possible for more purchases to be made.
Posted to Maritime Reporter
on
February 26, 2026
According to calculations by 'Mizuho Research & Technologies', based upon a report from the Ministry of Finance, Japanese imports of China rare earths fell 5.7% in January compared to a year ago. It wasn't immediately clear if the decline in…
Posted to Maritime Reporter
on
February 26, 2026
Sources familiar with the transaction said that Saudi Aramco’s U.S. Trading division purchased a cargo?of Venezuelan Boscan heavy crude for delivery in March, marking its first purchase of this heavy crude suitable for asphalt production. One…
Posted to Maritime Reporter
on
February 26, 2026
Major Feedmill Group in South Korea (MFG) issued an international tender for the purchase of up to 210,000 tons of animal feed corn. The deadline for price offers is this Friday, February 27, 2019. Three consignments of between 55,000 and 70,000 tons are required.
Posted to Maritime Reporter
on
February 26, 2026
Nonghyup Feed Inc., a leading South Korean animal feed manufacturer, bought 135,000 metric tonnes of animal feed corn at an international tender on Thursday. Two consignments have been?purchased?, both for arrival in South Korea on July. The…
Posted to Maritime Reporter
on
February 26, 2026
The Turkish grain 'board TMO?purchased?about 350,000 metric tonnes?of animal feed corn in a?international tender held on Thursday. Final confirmation of the purchase will be made in the next few days. Purchases made at the beginning can be?reduced or?cancelled?completely.
Posted to Maritime Reporter
on
February 26, 2026
Hungarian PM Viktor Orban asked the EU on Wednesday for a fact-finding mission to assess damage to the 'Druzhba' oil pipeline in Ukraine. A letter seen by revealed that this might help unlock new EU funding for Ukraine. Orban acknowledged the…
Posted to Maritime Reporter
on
February 26, 2026
Nonghyup?Feed?Inc. is a leading South Korean animal feed manufacturer. (NOFI) purchased an estimated 135,000 tons of animal?feed?corn at a?international tender on Thursday. Both consignments are due to arrive in South Korea by July. The total…
Posted to Maritime Reporter
on
February 26, 2026
Saudi Arabia has announced a tender to purchase 655,000 metric tons of wheat. The General Food Security Authority, Saudi Arabia's state grain buying agency, made the announcement on Thursday. According to the GFSA, the delivery of 'the wheat' is planned for a period between May and July.
Posted to Maritime Reporter
on
February 26, 2026
LSEG data revealed that the cost of hiring a'very large crude carrier' to transport a?2,000,000 barrels a day from the?Middle East into?China on Thursday exceeded $200,000 a daily for the first since 2020. On the Worldscale industry measurement used to calculate freight rates…
Posted to Maritime Reporter
on
February 26, 2026
Initial assessments by traders indicate that the lowest price offered in the first round of the tender for 350,000 metric tons of animal feed corn was $248.80 per metric ton, including freight. Bek Tarim, a trading house, was said to have made the offer for shipment of 26…
Posted to Maritime Reporter
on
February 26, 2026
European traders reported on Thursday that the leading South Korean feedmaker Nonghyup Feed Inc., (NOFI), has issued an international bid to purchase up 138,000 metric tonnes?of animal feeding corn. The deadline to submit price offers for the tender is Thursday, 26th February.
Posted to Maritime Reporter
on
February 26, 2026
OPEC+ will meet on Sunday to decide its next production step amid increased geopolitical tensions that affect nearly a third?of?its output. This volatility could give the group the cover it needs to maintain its narrative of a balanced market, even though the facts in the field suggest otherwise.
