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New York Times Business News - April 28, 2019

Posted to Maritime Reporter on April 28, 2025

These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. On Sunday night, a boat that was carrying dozens of passengers struck the ferry near the Memorial Causeway Bridge. The U.S.

South Korea rejects tariff agreement with US ahead of June 3 snap elections

Posted to Maritime Reporter on April 28, 2025

On Monday, a senior South Korean official said that Seoul will not agree to a package of trade deals with Washington before the June 3 presidential elections. He also noted the challenges in reaching an agreement even by early July. Seoul's…

Yemen's Houthi TV says 68 bodies were recovered after US strikes on Saada

Posted to Maritime Reporter on April 28, 2025

Al Masirah TV, a Houthi-run channel in Yemen, reported that 68 bodies had been recovered and 47 more were injured after an American strike on Saada struck a centre for African migrants. Saada, a Houthi stronghold, was also previously targeted by U.S. airstrikes.

Philippines: China did not seize disputed South China Sea Reef

Posted to Maritime Reporter on April 28, 2025

The Philippines denied on Monday that news reports claiming Beijing had seized control over a reef in dispute in the South China Sea were true, after their personnel landed and discovered no Chinese presence on the unoccupied sandbars. The Chinese…

South Korea rejects tariff agreement with US ahead of June 3 snap elections

Posted to Maritime Reporter on April 28, 2025

On Monday, a senior South Korean official ruled out the possibility of a deal being reached with the United States before the presidential elections in the Asian nation on June 3. He also noted that reaching an agreement even by early July would be difficult.

South Korean firms seek LNG cargo for June delivery

Posted to Maritime Reporter on April 28, 2025

South Korean companies Korea Midland Power Co. (KOMIPO), Korea Southern Power Co. (KOSPO), and SK subsidiary PRISM Energy International, have released a tender to purchase one liquefied gas (LNG). The cargo is due for delivery in the month of June.

Florida ferry crash results in multiple injuries

Posted to Maritime Reporter on April 28, 2025

Local officials reported multiple injuries in Clearwater after a ferry accident near the city’s Memorial Causeway Bridge. A ferry with more than 40 people aboard was struck by a boat which fled the scene. The scene was attended by police and firefighters.

French CMA CGM acquires Turkish Borusan Logistics subsidiary for $440 million

Posted to Maritime Reporter on April 27, 2025

According to a Turkish filing, CEVA Corporate Services, a subsidiary of French shipping giant CMA CGM, has agreed to buy Borusan Tedarik Zinciri Cozumleri ve Teknoloji's logistics division for $440m. Borusan Yatirim stated in the filing on the…

North Korea unveils new 'Kim Jong Un style' 5,000-tonne warship

Posted to Maritime Reporter on April 25, 2025

North Korean leader Kim Jong Un was at a launch ceremony of a new multipurpose destroyer, according to KCNA. Jo Chun Ryong was quoted by the Workers' Party as saying that the 5,000-tonne ship was built with "our own technology and strength" in 400 days.

World Bank looks at energy financing options but holds firm on equality issues

Posted to Maritime Reporter on April 25, 2025

The World Bank steering committee endorsed on Friday the lender's plans for exploring options to expand access to energy, including possible financing for nuclear power. This is in line with U.S. President Donald Trump’s directives to increase energy financing.

Profits for Miner Grupo Mexico jump 17% on higher metal prices

Posted to Maritime Reporter on April 25, 2025

The mining and transport conglomerate Grupo Mexico announced a 17% increase in its first-quarter profit on Friday. This was primarily due to higher metal prices. The miner's net profit jumped to $1.09bn, far exceeding the $816m estimate of analysts polled at LSEG.

Dutch shipbuilder Damen is accused of corruption and violating sanctions by prosecutors

Posted to Maritime Reporter on April 25, 2025

The Dutch prosecutor said that they summoned Damen Shipyards, a shipbuilder in the Netherlands, on suspicion of violating EU Sanctions against Russia. They also opened a separate corruption case against Damen Shipyards and its top executives. The company denied the accusations.

Traders say that no purchase has yet been made in Syria's 100,000-metric-ton wheat tender

Posted to Maritime Reporter on April 25, 2025

European traders reported on Friday that a state grain buyer in Syria still considers price offers for an international tender to purchase about 100,000 metric tonnes of soft milling Wheat which closed this past week without any purchase being made.

US Congress Republicans ask for $27 billion in Golden Dome tax bill

Posted to Maritime Reporter on April 25, 2025

According to a congressional aide and a document, Republicans in the U.S. Congress are planning to introduce a sweeping 150 billion dollar defense package. This will provide an initial boost of $27 billion to President Donald Trump’s controversial Golden Dome shield missile defense system.

South Korea and the US are aiming to create a trade package before the tariff pause in July.

Posted to Maritime Reporter on April 24, 2025

Seoul's trade delegation announced after the first round in Washington that the United States and South Korea had agreed to create a package of trade measures aimed at removing any new U.S. duties before the reciprocal tariff pause is lifted in the month of July. Scott Bessent, U.S.

South Korea and the US are aiming to reach a package deal before the tariff pause expires in July

Posted to Maritime Reporter on April 24, 2025

Seoul's trade delegation announced that the United States and South Korea had agreed to develop a package of agreements aimed at removing any new U.S. duties before the reciprocal tariff pause is lifted in July. Scott Bessent, U.S. Treasury secretary…

Shell has withdrawn from offshore gas projects in Colombia’s Caribbean-Ecopetrol

Posted to Maritime Reporter on April 24, 2025

The state-owned oil company of Colombia announced on Thursday that Shell had pulled out from three joint offshore projects in the Caribbean. Ecopetrol stated in a press release that the two companies were working together to ensure the continuity…

Bessent: U.S.-South Korea trade talks were a'very success'

Posted to Maritime Reporter on April 24, 2025

Treasury Secretary Scott Bessent described the U.S.-South Korea meeting as "very successful", after the two countries began trade negotiations with Seoul, which was seeking to reduce the tariffs that President Donald Trump wants to impose. Bessent…

Canadian Finance Minister: G7 united, but tensions still remain over tariffs

Posted to Maritime Reporter on April 24, 2025

Canada's Francois-Philippe Champagne, Canada's Minister of Finance, said that the Group of Seven Industrial Democracies continues to be united. However tensions remain amongst them over the tariffs imposed by the U.S. Champagne said at a briefing…

Canadian Finance Minister: G7 is united, but tensions still remain over tariffs

Posted to Maritime Reporter on April 24, 2025

Canada's Francois-Philippe champagne, Canada’s Finance Minister said Thursday that the Group of Seven biggest economies remain united but there are tensions between them over the tariffs imposed by the United States. Champagne said at a briefing…