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South Korea's NOFI purchases approximately 135,000 tons of corn in an auction, traders claim

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…

Turkey buys 350,000 tonnes of corn at tender in a provisional bid, traders report

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.

Bousso: Geopolitical turmoil provides OPEC+ with cover to increase production cautiously.

Posted to Maritime Reporter on February 26, 2026

OPEC+ will meet on Sunday to decide its next production step amid increased geopolitical 'friction' affecting almost a third its output. This volatility could give the group the cover it needs to maintain its narrative of a balanced market, even if the reality on the ground suggests otherwise.

Orban, Orban: EU should go and verify damage to Druzhba Pipeline

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…

South Korea's NOFI purchases approximately 135,000 tons of corn in an auction, traders claim

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…

Saudi Arabia announces tender for the purchase of 655,000 metric tonnes of wheat

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.

First time in 2020, the cost of oil tankers between Asia and the Middle East exceeds $200 per day

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…

Traders say that Turkey has received offers for the 350,000 tons of corn tender.

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…

South Korea's NOFI offers to purchase up to 138,000 metric tonnes corn

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.

Bousso: Geopolitical turmoil provides OPEC+ with cover to increase production cautiously.

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.

CMB Tech, a shipping group, beats expectations in its fourth-quarter core profit.

Posted to Maritime Reporter on February 26, 2026

CMB Tech reported fourth-quarter earnings that were above market expectations on Thursday, as a robust tanker and dry bulk markets allowed the Belgian Shipping Group to secure charters and sell older ships at high prices. EBITDA (earnings before 'interest…

Algerian traders claim that the country bought 600,000 tons of wheat at a tender.

Posted to Maritime Reporter on February 25, 2026

Algeria's state grain agency OAIC reportedly purchased?600,000.00 metric tons milling wheat during a tender that closed on?Tuesday. Negotiations continued on Wednesday. Traders said that the purchase price was between $259 and 260 per ton, including freight (c&f).

Source: Kazakhstan's daily oil production and condensate output has risen by 40% in February.

Posted to Maritime Reporter on February 25, 2026

A source familiar with these data said on Wednesday that Kazakhstan's oil production and gas condensate increased sharply in the first two weeks of February. It reached a record 1.8 million barrels per day compared to 1.27 million in January.

Taiwan's MFIG purchases about 65,000 tonnes corn from US traders, say

Posted to Maritime Reporter on February 25, 2026

European traders reported that the Taiwanese MFIG buying group?bought 65,000 metric tonnes?of animal feed?corn expected to be sourced -from the United 'States? in a?international?tender _on Wednesday. They said that the yellow corn was bought…

Venezuela prepares larger oil cargoes to export and targets India

Posted to Maritime Reporter on February 24, 2026

Four sources and shipping data indicate that buyers and trading houses of Venezuelan oil chartered the very large crude carriers to export the South American nation?since the Caracas-Washington deal was signed. This move will boost deliveries to India.

Algeria purchases wheat in tender; traders continue talks on Wednesday

Posted to Maritime Reporter on February 24, 2026

Traders in Europe reported that Algeria's OAIC, the state grains agency, bought milling wheat amidst an international tender which closed on Tuesday. They reported that purchases were between $259 and $250 per metric ton with cost and freight included.

Expeditors tops quarterly estimates on strong customs brokerage demand

Posted to Maritime Reporter on February 24, 2026

The demand for its customs brokerage services helped Expeditors international of Washington to report a profit and revenue in the fourth quarter that exceeded Wall Street expectations. Customs-related activities have increased as a result of President Donald Trump's new trade policies.

Algeria purchases milling wheat at tender, traders claim

Posted to Maritime Reporter on February 24, 2026

?European Traders reported that Algeria's state grain agency OAIC bought a?milling?wheat in an international tender? which closed?? on Tuesday. They said that the initial cost of a metric tonne, including freight and costs, was $257, $259, and $260.

Venezuela prepares larger oil cargoes to export, targets India

Posted to Maritime Reporter on February 24, 2026

Sources and data indicate that trading houses and buyers of Venezuelan oil chartered the very large crude carriers to export from the South American nation since the Caracas-Washington deal was signed. This is expected to increase shipments to India and speed up the process starting in March.

Pentagon: US forces capture third sanctioned oil-tanker in Indian Ocean

Posted to Maritime Reporter on February 24, 2026

The Pentagon announced?on Tuesday that U.S. forces had intercepted a sanctioned tanker in the Indian Ocean, after tracing it from Caribbean waters. This was the third interdiction of this kind in the region. Washington has stepped up its blockade of vessels going to or from Venezuela…

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