Posted to Maritime Reporter
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July 29, 2025
Koo Yun Cheol, South Korean Finance minister, said on Tuesday that he will seek a trade agreement with mutual benefits when he meets U.S. Treasury Sec. Scott Bessent this week for discussions. This is just days before the August 1 deadline to avoid tariffs expires.
Posted to Maritime Reporter
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July 28, 2025
Exporters reported on Monday that cocoa arrivals in ports of Ivory Coast, the top producer, had dropped to a revised 1,620 million metric tonnes by July 27, since the start date of the season was October 1. This is down from 1.655 metric tons for the same period the previous season.
Posted to Maritime Reporter
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July 28, 2025
SVR Lazartigue won the 2025 Rolex Fastnet Race, a record-breaking race that will take place in France. The sleek blue trimaran was the first to arrive at Cherbourg from the 444 strong fleet. The 32-metre foiling Ultim, skippered by Tom Laperche…
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July 28, 2025
Nordex, a manufacturer of wind turbines, reported earnings for the second quarter that exceeded analysts' expectations. German onshore turbine company reported earnings before interest tax, depreciation, and amortization (EBITDA), of 108.2 millions euros ($127.09million)…
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July 27, 2025
CK Hutchison announced on Monday that it is looking for a large strategic Chinese investor to join its consortium bidders in the $22.8 billion port business. This follows media reports that the state-owned China COSCO Shipping Corp. may be joining the group.
Posted to Maritime Reporter
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July 27, 2025
Russian authorities reported that Ukrainian drones attacked St. Petersburg Sunday. The airport was forced to close for 5 hours during Vladimir Putin's celebration of Russia's Navy Day. This occurred despite the fact that the naval parade had been cancelled earlier due to security reasons.
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July 26, 2025
Australia's Government said Saturday that it had signed a Treaty with Britain in order to strengthen cooperation for the next 50 Years on the AUKUS Nuclear Submarine Partnership. AUKUS, the pact signed by Australia, Britain, and the U.S.A. in 2021…
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July 25, 2025
The first outside capital has been raised by a startup created by U.S. Navy Veterans to help decipher the data collected by submarines using artificial intelligence. Spear AI, based in Washington, specializes on passive acoustic information that is collected by underwater listening devices.
Posted to Maritime Reporter
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July 25, 2025
The chairman of Russia's State Shipbuilding Corporation told Kommersant in comments published Friday that the Admiral Kuznetsov aircraft carrier, which is 40 years old, will likely be sold or scrapped. Andrei Kostin made his remarks after a…
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July 25, 2025
Shipyard workers stopped their operations in Perama (16 km/10 miles) south of Athens on Friday, as the Mediterranean nation was stricken by a heatwave that is now the third longest this summer. Temperatures in the west reached a high of 44 degrees Celsius on Friday ahead of Sunday's predicted drop.
Posted to Maritime Reporter
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July 25, 2025
European traders reported on Friday that the Turkish state grain board TMO had issued an international tender for the purchase and import of about 225,000 metric tonnes of animal feed barley. The deadline to submit price proposals in the tender is 31 July.
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July 24, 2025
The UK announced on Thursday that it will deepen the AUKUS nuclear sub partnership with Australia by signing a 50-year agreement. It expects this to boost British exports and create jobs. Australia, Britain and U.S. signed the AUKUS agreement in 2021.
Posted to Maritime Reporter
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July 24, 2025
The Feed Leaders Committee of South Korea (FLC) purchased around 68,000 tons of animal feed in a private transaction on Thursday, without launching an international tender. The grain is available from all over the world, except for the Black Sea.
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July 24, 2025
Union Pacific announced a higher profit for its second quarter on Thursday. This was largely due to the robust demand of bulk and industrial shipments via multiple modes. Bulk shipments of the company, consisting of grain, fertilizer and coal…
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July 24, 2025
Major Feedmill Group of South Korea (MFG) bought between 65,000 and 75,000 metric tonnes of animal feed corn on Thursday in a deal that was not subject to an international tender. The cost of the ton was estimated at $235.12, including freight. A $1.50 extra charge for port unloading was added.
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July 24, 2025
European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 135,000 metric tonnes of animal feed corn at an international auction on Thursday. The corn can be purchased from anywhere in the world.
Posted to Maritime Reporter
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July 23, 2025
Officials from both sides confirmed that Ukraine and Russia carried out drone attacks against each other on Thursday morning, just hours after the conclusion of the most recent round of direct negotiations aimed at finding an end to the war, which has lasted nearly three years and a half.
Posted to Maritime Reporter
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July 23, 2025
Ship tracking data on Wednesday showed that the first tanker to arrive at the Enterprise Products Partners facility for loading was a liquefied gas tanker. The energy research firm Vortexa stated that the mooring was a sign of the commissioning.
Posted to Maritime Reporter
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July 23, 2025
Packaging Corp. of America reported a third-quarter loss below Wall Street expectations on Wednesday. This was due to rising freight costs, as well as weak export containerboard sales in the face of global trade uncertainty. The Lake Forest…
Posted to Maritime Reporter
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July 23, 2025
NASCAR announced on Wednesday that they will be holding events at Naval Base Coronado, San Diego in the coming year. This will mark the first time NASCAR has ever held racing events at a military base. The Cup Series will culminate with street races on June 19-21, 2020.
