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Yemen Vice President: New strategy required to contain Houthis

Posted to Maritime Reporter on September 24, 2024

Yemen's Vice-President stated on Tuesday that the escalation of Middle East hostilities has made it more urgent for regional and global stakeholders to develop a new strategy in order to contain the increasingly well armed Houthi rebels who are backed by Iran.

EU wheat prices pause after rally, Black Sea supply is assessed

Posted to Maritime Reporter on September 24, 2024

Euronext wheat prices fell on Tuesday after consolidating a rally the previous day. Traders weighed weather and war risk to Black Sea supplies against signs that Russia, Ukraine and other exporters continue to dominate markets at lower prices.

North Korea's sister claims that the US is increasing its nuclear submarine threats

Posted to Maritime Reporter on September 24, 2024

Kim Yo Jong - the powerful sister to North Korean leader Kim Jong Un - has criticised the presence in Busan of a U.S. submarine, according to state media KCNA. Kim said it was a sign of U.S. desire to "show off its nuclear strategic assets and increase threats", as reported by KCNA.

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

Posted to Maritime Reporter on September 23, 2024

European traders reported on Monday that the Iranian state-owned animal feeding importer SLAL had issued an international bid to purchase at least 120,000 metric tonnes of animal feed barley. They said that the deadline for submitting price offers to the tender is Tuesday 24th September.

Interfax reports that the Russian Black Sea Fleet's Aviation division has conducted sea and air exercises.

Posted to Maritime Reporter on September 23, 2024

Interfax reported Monday that the Russian Black Sea Fleet's aviation division conducted combat drills to destroy unmanned targets at sea and in the air over Black Sea. The agency quoted the ministry to say that "the combat mission tasks were performed in the darkness…

Quad group increases maritime security cooperation during Biden's Farewell Summit

Posted to Maritime Reporter on September 21, 2024

As outgoing U.S. president Joe Biden hosted his counterparts from the Quad, which was formed due to shared concerns regarding China, the leaders of Australia, India and Japan expanded their joint security measures in Asia's richly traded waters.

Biden: China's aggressive behaviour continues in the South China Sea, Taiwan Strait

Posted to Maritime Reporter on September 21, 2024

U.S. president Joe Biden stated on Saturday that China is continuing to "behave aggression" in the South China Sea, Taiwan Strait, and President Xi Jinping uses diplomacy to advance China's interests. Biden made the comments during the Quad Leaders summit in Wilmington, Delaware.

Governor of Odesa: Russians attacked Odesa port and damaged a vessel with an Antigua flag,

Posted to Maritime Reporter on September 20, 2024

The regional governor of Odesa said that a Russian missile attack has damaged port infrastructure in Odesa and a civilian vessel flying the flag of Antigua. Governor Oleh Kiper announced on Telegram that four people were injured by the strike.

Taiwan's MFIG offers to purchase up to 65,000 metric tonnes corn

Posted to Maritime Reporter on September 20, 2024

European traders reported on Friday that Taiwan's MFIG buying group had issued an international tender for up to 65,000 metric tonnes of animal feed corn, which could be sourced in the United States, Brazil, or South Africa. They said that the…

Egypt seeks investment on the southern Red Sea Coast

Posted to Maritime Reporter on September 18, 2024

According to the comments of the housing ministry and a source from the finance ministry, Egypt is developing plans to develop Ras Banas, a remote area on the Red Sea coast with the aim of attracting large-scale investment. Ras Banas, a peninsula…

South Korea, Japan and South Korea report that North Korea fired a missile off the east coast of its country.

Posted to Maritime Reporter on September 17, 2024

SEOUL/TOKYO (Sept. 18) - South Korea and Japan reported that North Korea launched a missile on its east coast Wednesday. This comes days after the country unveiled an uranium enrichment plant and pledged to beef up its arsenal of nuclear weapons.

Yonhap reports three dead in fishing boat capsize off South Korea

Posted to Maritime Reporter on September 16, 2024

Five people were rescued and three died when a fishing vessel capsized off the west coast of South Korea. The coast guard reported this on Monday. Yonhap reported that two South Koreans, and one Indonesian were among the dead. His office reported…

China condemns German Navy's transit through Taiwan Strait

Posted to Maritime Reporter on September 14, 2024

China's military condemned Saturday the transit of two German Navy ships through the Taiwan Strait, saying that it increased security risk and sent the "wrong signal". Chinese forces also monitored and warned vessels. China, which claims democratically-governed Taiwan as its territory…

Philippines anglers call for justice after oil tanker sinks

Posted to Maritime Reporter on September 12, 2024

LIMAY, Philippines, Sept 12 (Thomson Reuters Foundation). - E fren Dominico has actually been a fisherman in the Bay of Manila in. the Philippines for 43 years and survived many storms, but. absolutely nothing prepared him for the day when an oil tanker sank off the.

The Russian Sept loading plan has been revised by 0.2 million t to reach 6.2 million t

Posted to Maritime Reporter on September 12, 2024

Market sources say that the crude oil loading plan for Russia from the Baltic port of Primorsk & Ust-Luga has been revised up by 0.2 million metric tons in September to 6.2 millions tons. Rosneft is Russia's biggest oil company. It has added 200…

Data shows that Russia increased LPG rail exports from China to Russia by 40% between January and August.

Posted to Maritime Reporter on September 12, 2024

Calculations based on data and industry sources showed that Russian rail exports of liquefied gas to China increased by almost 40% in the period January to August, to 184,000 tons. Russian Railways imposed restrictions to ease bottlenecks in May and early June…

The rift between China and the Philippines over South China Sea has deepened

Posted to Maritime Reporter on September 12, 2024

Under Ferdinand Marcos Jr., the relationship between Manila and Beijing has soured. Manila is now turning back to the United States for support in its maritime disputes against China. JAN 3: The Philippines and United States conduct their second joint patrol of the South China Sea…

Hanhwa, a S.Korea-based company, intends to acquire full control of Dyna-Mac in Singapore

Posted to Maritime Reporter on September 11, 2024

Hanhwa Group, a South Korean conglomerate, has offered to buy all the shares in Dyna-Mac Holdings that it does not already own. This would value the offshore oil-and-gas contractor at S$669.2million ($513.90million). Hanhwa units Hanhwa Aerospace, and Hanwha Ocean own 25,4% of Dyna-Mac.

China's crude oil imports in August fell 7% due to weak demand and margins at the refineries

Posted to Maritime Reporter on September 10, 2024

Customs data released on Tuesday showed that China's crude imports fell by 7% in August compared to the same period last year. This was due to weak refining margins, low fuel consumption, and a continued decline in demand. However, shipments have recovered from their lows.

QatarEnergy Orders Six More LNG Ships from China State Shipbuilding

Posted to Maritime Reporter on September 9, 2024

QatarEnergy announced on Monday that it had signed a contract with China State Shipbuilding Corporation for the purchase of six ultra-large vessels to transport liquefied gas. This brings its total number of such vessels on order up to 128.

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