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October 20, 2025
South Korea has increased its security measures for the annual Asia-Pacific Economic Cooperation Summit of 21 member countries next week in Gyeongju. Large-scale field drills have been held, and a higher level of terrorism-alert is being imposed.
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October 20, 2025
Australia, Britain and the United States announced that they would transfer nuclear-powered submarines to Australia in 2021. Two years later, an ambitious plan was detailed to support the U.S. effort to counter China’s naval ambitions throughout the Indo-Pacific. The U.S.
Posted to Maritime Reporter
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October 20, 2025
China's crude stockpile fell sharply in September, as a result of lower imports and increased refinery processing. According to calculations based upon official data, China's crude surplus in September was 570,000 barrels a day (bpd), down from 1,01 million bpd during August.
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October 16, 2025
The Chinese sanctions on U.S. Hanwha Ocean affiliates this week are intended to undermine South Korea's cooperation with the United States and "to force" Washington's Asian allies, according to a spokesperson for the U.S. State Department on Friday.
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October 16, 2025
Daewoo Engineering & Construction, a South Korean company, has started work on a $780 million project in Turkmenistan. Local television reported that Turkmenistan’s President Serdar Berndymukhamedov was present at a ceremony to mark the opening of the plant.
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October 15, 2025
Major Feedmill Group of South Korea (MFG) bought about 70,000 tons of animal feed in a private deal without issuing a tender on Wednesday, European traders reported. The corn could be sourced from South America, the United States or South Africa.
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October 15, 2025
Major Feedmill Group of South Korea (MFG) bought 68,000 metric tonnes of animal feed corn on Wednesday in a private transaction without holding an international tender. The estimated cost and freight was $234.80 per ton plus an additional $1.50 for port unloading.
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October 15, 2025
European traders reported that the Korea Feed Association (KFA), a South Korean organization, purchased approximately 131,000 metric tonnes of animal feed corn at an international auction on Wednesday. The KFA was seeking up to 136,000 metric tons.
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October 15, 2025
European traders reported that a group of South Korean mills purchased an estimated 50,000 tons of milling grain to be sourced in the United States at an international auction on Wednesday. The 45,000 tonnes of Canadian wheat that was also requested were not believed to have been purchased. The U.S.
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October 15, 2025
European traders reported on Wednesday that the Korea Feed Association of South Korea (KFA) had issued an international tender for up to 136,000 tons animal feed corn. Also, the deadline for submitting price offers to the KFA Incheon section's tender is Wednesday, October 15th.
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October 15, 2025
European traders reported that the MFIG group of Taiwan bought approximately 65,000 metric tonnes of animal feed corn, which was expected to come from the United States during an international auction on Wednesday. They said that the yellow corn was bought at a premium estimated to be 173.32 U.S.
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October 14, 2025
The oil prices dropped on Tuesday. They settled 1.5% lower, as the International Energy Agency warned about a massive supply glut in 2026 and trade tensions between the U.S., China and other major economies continued. Brent crude futures dropped…
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October 14, 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. Patrick James, the chief executive officer of First Brands (an auto parts…
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October 13, 2025
JPMorgan Chase announced a plan to hire bankers to invest $10 billion into U.S. firms considered vital to national security, economic resilience and the economy. The plan is part of an overall $1.5 trillion pledge. This move is part a 10-year plan to finance…
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October 13, 2025
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. 2024 JAN 3: Philippines and U.S. conduct second joint patrol of South China Sea.
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October 13, 2025
China's crude imports increased 3.9% from the previous year in September as refineries ran at their highest rates of utilisation this year. China, the world's biggest crude importer, imported 47.25 millions metric tons of oil during September…
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October 12, 2025
South Korean defense minister Ahn Gyu back told the parliament on Monday that North Korea likely received technical assistance from Russia in its submarine development. North Korea has pledged to develop submarines capable of launching ballistic missiles.
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October 12, 2025
The Philippines has accused Chinese naval forces of using water cannons and ramming an occupied Philippine island near a Filipino vessel. They called the actions "clear threats" that escalate tensions in the disputed South China Sea. Three Filipino vessels…
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October 10, 2025
China's Transport Ministry announced on Friday that vessels owned or operated or built in the United States, or those flying the U.S. Flag will be subject to additional port fees for each voyage as of October 14. The ministry stated that the fees were a countermeasure to upcoming U.S. Port fees.
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October 9, 2025
On Thursday, President Donald Trump's administration announced that the U.S. had imposed sanctions against about 100 individuals and entities, including a Chinese refinery and terminal independent of China, which helped Iran in its oil and petrochemicals trading.
