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After a decline in wheat sales, Russia takes measures to boost agricultural exports

Posted to Maritime Reporter on July 10, 2025

After international wheat sales fell to their lowest levels since 2008, the Russian government has ordered measures to boost agricultural exports. Meanwhile, traders report that new crops are slow to arrive at Black Sea terminals. Sovecon estimates that July wheat exports will be between 2…

Ferrero nears about $3 billion deal for WK Kellogg, WSJ reports

Posted to Maritime Reporter on July 9, 2025

The Wall Street Journal reported Wednesday that the Italian candy company behind Ferrero is close to a $3 billion deal with WK Kellogg. This was based on the reports of people familiar with this matter. After the bell, shares of WK Kellogg (the…

Exports of cereals from France's Rouen hub to drop by 40% in 2024/25

Posted to Maritime Reporter on July 9, 2025

The operator of the port said that the poor French harvest was the reason for the 40% drop in 2024/25 cereal shipments. Haropa Port, the port operator, said that 5.2 million tons of cereals were loaded in Rouen during 2024/25 compared to 8.7 millions tons in 2023/24.

Iran's SLAL bids for 60,000 T of corn and soybean meal

Posted to Maritime Reporter on July 9, 2025

European traders reported on Wednesday that the Iranian state-owned animal food importer SLAL had issued international tenders for up to 60,000 metric tonnes of animal feed corn, and 60,000 metrictons of soymeal. They said that the deadline for submitting price offers was also Wednesday, 9 July.

Iranian SLAL offers 120,000 T of feed barley to traders

Posted to Maritime Reporter on July 8, 2025

European traders reported on Tuesday that the Iranian state-owned animal feeding importer SLAL had issued an international bid to purchase at least 120,00 metric tons animal feed barley. They said that the deadline for submitting price offers to the tender is on Wednesday, July 9.

Onuachu side sign by Super Lig, Tall Paul towers to Trabzon and back.

Posted to Maritime Reporter on July 4, 2025

Paul Onuachu, the Nigerian striker who had been on loan at Southampton for a year and a half, has now moved permanently to Trabzonspor. The Saints fans nicknamed him "Tall Paul", but the forward, who stands at 2.01 metres, never really found his feet in the Premier League.

Jordan offers to purchase up to 120,000 tonnes of wheat, traders claim

Posted to Maritime Reporter on July 3, 2025

Jordan's state grain purchaser has announced an international tender for up to 120,000 tons of milling whey that can come from optional origins. The deadline for submitting price offers is July 15, 2015. The new tender seeks to ship consignments between October 1-15 (or 16-31)…

Jordan to purchase 120,000 T of feed barley, traders claim

Posted to Maritime Reporter on July 3, 2025

European traders reported on Thursday that Jordan's state grain buyer has issued an international tender for the purchase of up to 120,000 tons of animal feed barley. Traders had expected a new announcement after Jordan failed to purchase 120,000 tons barley in its previous tender on Wednesday.

Jordan does not purchase 120,000 T of barley, traders claim

Posted to Maritime Reporter on July 2, 2025

European traders claim that Jordan's state grain purchaser is not believed to have purchased any barley in the international tender for animal feed barley, which closed on Tuesday. Traders said that three companies participated in the bid: Viterra Olam and Agrocorp.

Egypt's Petroleum Ministry reports that a drillship has capsized in the Suez Gulf

Posted to Maritime Reporter on July 1, 2025

Egypt's Petroleum Ministry said Tuesday it had received a report about a capsized drilling ship in the Gulf of Suez from Offshore Shukheir oil Company. The ministry stated that the drillship "Adam Marine 12" was located at Gabal El Zeit in the Red Sea.

Powerboat racing E1 is looking for new investors to finance growth by adding more boats

Posted to Maritime Reporter on July 1, 2025

The E1 World Championship in electric powerboat racing is looking for 20 million euros (about $23,55 million) to help fund its growth. This series has already been backed by many of the biggest names in sports and entertainment. The team owners include Will Smith…

Jordan purchases 60,000 metric tonnes wheat in tender, traders claim

Posted to Maritime Reporter on July 1, 2025

In an international auction held on Tuesday, Jordan's state grain buyer bought about 60,000 metric tonnes of hard milling whey from optional origins. They said that it was estimated to have been purchased from Bulgarian Trading House Buildcom…

Algeria offers to purchase up to 240,000 T of corn, traders claim

Posted to Maritime Reporter on July 1, 2025

On Tuesday, European traders reported that the Algerian state agency ONAB had issued a tender for up to 240.000 metric tons animal feed corn from optional origins. They said that the deadline for submitting price offers to the tender is on Wednesday, July 2.

Jordanian traders claim that they will buy up to 120,00 T of feed barley.

Posted to Maritime Reporter on June 30, 2025

European traders reported on Monday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline to submit price offers for the tender is on Wednesday, July 2.

Jordan offers to purchase up to 120,000 tonnes of wheat, traders claim

Posted to Maritime Reporter on June 30, 2025

Jordan's national grain buyer issued an international bid to purchase up to 120,000 tons of milling, wheat that can come from any origin, European traders reported on Monday. The deadline to submit price offers for the tender is Tuesday July 1.

Trump says US oil sanctions against Iran may need to be eased to rebuild the country

Posted to Maritime Reporter on June 25, 2025

Donald Trump stated on Wednesday that the U.S. had not ceased its maximum pressure against Iran, including restrictions on the sale of Iranian oil. However, he indicated a possible easing in enforcement for the benefit of the country's rebuilding.

Trump says China may continue to buy oil from Iran

Posted to Maritime Reporter on June 24, 2025

Donald Trump stated on Tuesday that China could continue to buy oil from Iran, after the U.S. attacked the OPEC members nuclear facilities. He also hoped China would purchase "plenty" from the United States. "China can continue to buy Oil from Iran." "Hopefully…

Sources say that the Middle East war insurance rates are rising due to escalating tensions in Hormuz

Posted to Maritime Reporter on June 23, 2025

Insurance sources reported on Monday that war risk insurance rates for shipments into the Middle East Gulf region have increased to 0.5%, up from 0.2-0.3% one week earlier. This is due to U.S. strikes on Iran's nucleus facilities and the growing dangers to the Strait of Hormuz.

Algeria bids for 240,000 t corn that was likely missed in the previous tender

Posted to Maritime Reporter on June 23, 2025

European traders reported on Monday that the Algerian state agency ONAB had issued a tender for a new international purchase of up to 240.000 metric tons animal feed corn from optional origins. They said that the deadline for submitting price offers to the tender is Tuesday 24th June.

Oil drops 1% from 5-month highs amid Mideast conflict

Posted to Maritime Reporter on June 23, 2025

Oil prices dropped 1% on Monday, after reaching a five-month peak. Markets were trying to gauge the effect of U.S. airstrikes on Iran over the weekend on the transit of oil and natural gas through the Strait of Hormuz. Brent crude futures fell 70 cents or 0.9% to $76.31 per barrel at 10:46 am ET.

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