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Paris wheat drops as Argentina suspends export taxes

Posted to Maritime Reporter on September 22, 2025

The price of European wheat dropped to contract lows again on Monday, as the suspension of export taxes by Argentina raised the prospect of increased competition in an oversupplied global market. The December wheat contract on Euronext closed at 189.25 Euros ($223.09 per metric ton)…

Paris wheat drops as Argentina suspends export taxes

Posted to Maritime Reporter on September 22, 2025

The price of European wheat dropped to near-contract lows on Sunday, as the suspension of export taxes by Argentina raised the prospect of increased competition in an oversupplied global market. At 1543 GMT on Euronext, December wheat was down 0.6% to 189.50 Euros ($223.12) a metric ton.

South Korea's MFG purchases 63,000 tons of soymeal from traders

Posted to Maritime Reporter on September 22, 2025

Major Feedmill Group of South Korea purchased 63,000 metric tonnes of soymeal from South America on Monday in a private transaction without an international tender, European traders reported. If the seller chooses to supply Chinese or American soymeal, only 50,000 tonnes are required.

South Korea bids for estimated 157,000 tons rice

Posted to Maritime Reporter on September 22, 2025

Agro-Fisheries and Food Trade Corporation, a state-owned company in South Korea, has announced an international tender for the purchase of 157,000 metric tonnes of rice from China and America. The deadline for submitting price offers is September 30, according to European traders.

Germany wins first SailGP on Lake Geneva

Posted to Maritime Reporter on September 21, 2025

The SailGP Team from Germany finally won their first event on Sunday at the Switzerland Sail Grand Prix, in light winds that made the waters of Lake Geneva barely cooperate with the high-tech race machines. In Sunday's high stakes final, Germany won the podium ahead Australia and Switzerland.

Algeria offers to purchase soft milling wheat in the amount of 50,000 tonnes, traders claim

Posted to Maritime Reporter on September 21, 2025

European traders reported on Sunday that Algeria's OAIC, the state grain agency of Algeria, has launched an international tender for soft milling wheat sourced from origins other than Algeria. Algeria usually buys more than the nominal amount sought in its tenders.

Tennis-Swiatek wins Korea Open title after a comeback

Posted to Maritime Reporter on September 21, 2025

Iga Swaatek, who is a determined player, came back from the brink to win the Korea Open title. She survived a scare in the first game before defeating Russian Ekaterina Alexova with a score of 1-6 7-6(3) and 7-5. Swiatek looked out of place in the first two sets.

India signss deep-sea mining deal with International Seabed Authority

Posted to Maritime Reporter on September 20, 2025

The Indian government announced on Saturday that India had signed a contract for 15 years with the International Seabed Authority to have exclusive rights in exploring polymetallic sulphides within the Indian Ocean. The polymetallic sulphides…

Sweden's Artemis Racing will join the 2026 SailGP Championship

Posted to Maritime Reporter on September 19, 2025

Artemis Racing, the Swedish sailing team, announced Friday that it will be entering the SailGP Championship in 2026. Artemis SailGP will be the team name and it will be headed by British Olympic Gold medalist Iain Percy. This is the 13th international team in the league.

Italian port blocks weapons for Israel amid worker protests

Posted to Maritime Reporter on September 18, 2025

Italian dockworkers, along with other labor groups, have been protesting against the Gaza offensive. The port of Ravenna in the Adriatic Sea refused entry on Thursday to two trucks that were allegedly carrying weapons to Israel. Alessandro Barattoni…

EU official: EU wants to increase the ban on Russian LNG as part of 19th package sanctions

Posted to Maritime Reporter on September 18, 2025

An EU official revealed that the European Commission is examining a proposal for a faster ban on Russian natural gas liquefied in its 19th set of sanctions against Moscow due to its invasion of Ukraine. This new initiative follows an earlier call made by U.S.

The amount of wheat purchased by Iran in August is larger than expected, traders claim

Posted to Maritime Reporter on September 18, 2025

The Government Trading Corporation of Iran (GTC), a state-owned agency, is believed to be the one that purchased a lot of wheat from Russia in August during its international tender. One European trader stated, "The Iranian purchase appears to be much larger than initially thought.

South Korea's HD Hyundai Heavy is in talks to purchase US shipyard

Posted to Maritime Reporter on September 18, 2025

A senior executive at HD Hyundai Heavy Industries said that the company is in discussions with several companies about purchasing a U.S. Shipyard. The goal is to take advantage of President Donald Trump’s efforts to revive America’s struggling shipbuilding industry.

Jordanian traders claim that Jordan has bid to purchase 120,000 metric tonnes of feed barley.

Posted to Maritime Reporter on September 18, 2025

European traders reported on Thursday 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 proposals in the tender is 24 September. The…

South Korean mill purchases about 30,000 tonnes of wheat from US

Posted to Maritime Reporter on September 18, 2025

European traders reported that a South Korean flour mill purchased an estimated 30,000 tons of milling grain to be sourced in the U.S. at an international auction on Thursday. The purchase included several wheat varieties, which were all purchased on a FOB basis.

Bousso: Oil traders get a headache from blind spots in the market.

Posted to Maritime Reporter on September 18, 2025

Geopolitics is causing oil markets to become more blind, making it difficult to accurately determine the supply-demand balance on the largest and most important commodity exchange in the world. This is a recipe for instability. There is little…

Northrop's ISS cargo shipment set for Thursday following software hiccup

Posted to Maritime Reporter on September 18, 2025

NASA resumed its plans on Wednesday night to dock an unmanned cargo craft at the International Space Station, after it resolved an issue that caused the engine to shut down early. The problem was attributed to "conservative safety" settings in the software of the vehicle. U.S.

Iran purchased corn in a 120,000-ton tender this week, traders claim

Posted to Maritime Reporter on September 17, 2025

European traders reported on Wednesday that SLAL, the Iranian state-owned animal feeding importer, is believed to be the buyer of animal feed corn at an international tender for around 120,000 metric tonnes which closed on Tuesday. Although the exact volume of goods purchased was not known…

Jordan purchases about 60,000 tonnes of feed barley at tender, traders claim

Posted to Maritime Reporter on September 17, 2025

European traders reported that Jordan's state grain purchaser purchased 60,000 metric tonnes of animal feed barley from optional origins on Wednesday in an international bid seeking up to 120,00 tons. The trading house Cargill was reported to…

Sources say that Japan's JERA is in advanced discussions to purchase US shale assets worth $1.7 billion.

Posted to Maritime Reporter on September 16, 2025

People familiar with the matter say that Japan's largest power generator JERA has advanced discussions to purchase natural gas production assets located in the U.S., for approximately $1.7 billion. This is the latest example of an Asian nation investing into the American energy sector.

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