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Australian swimmer Thorpe will take part in Sydney to Hobart Yacht Race

Posted to Maritime Reporter on December 5, 2025

Ian Thorpe, five-time Olympic gold medalist in swimming, has announced that he will be joining the supermaxi LawConnect crew to chase a third successive victory in the Sydney Hobart Yacht Race. Thorpe, 43 years old, will debut in the Cabbage tree Island race on Friday.

South Korea's nuclear sub gamble raises the prospect of an underwater arms race in Asia

Posted to Maritime Reporter on December 4, 2025

South Korea's pursuit for nuclear-powered subs has gained traction after President Donald Trump's approval. This ends decades of U.S. opposition in a move which could reshape Asia’s security landscape, and escalate an undersea arms race. Seoul…

US review of the Pentagon finds opportunities to strengthen AUKUS sub deal

Posted to Maritime Reporter on December 4, 2025

A U.S. official announced on Thursday that the Pentagon had completed its review of AUKUS, the project designed to supply Australia with nuclear submarines. The Pentagon found ways to make the deal "strongest" possible. The U.S. government announced…

Cuba: Island is not a 'blackhole' in drug trafficking to US

Posted to Maritime Reporter on December 4, 2025

Law enforcement officials from Cuba stated on Thursday that the island is prioritizing its fight against drug trafficking in Caribbean. They also said they continue to share information with the U.S. Coast Guard despite the escalating tensions…

Traders say that a group in Thailand purchased feed wheat at a tender of 240,000 tons.

Posted to Maritime Reporter on December 4, 2025

The European traders reported on Thursday that a group of animal feed importers from Thailand purchased animal feed wheat with optional origins during a Wednesday-closed tender. Although the exact volume was not known, traders believed that the purchase was near the 240…

Hapag-Lloyd CEO: The return of the shipping industry to Suez is gradual

Posted to Maritime Reporter on December 4, 2025

Hapag-Lloyd's chief executive, who is the fifth-largest container company in the world, said that there was no set date for the return of shipping through the Suez Canal. In an online chat with customers, CEO Rolf Habben Jansen said that no date has been set for a return to normal operations.

Taiwan's MFIG wins corn tender of 65,000 tons, traders claim

Posted to Maritime Reporter on December 4, 2025

European traders reported that the MFIG buying group in Taiwan did not make any purchases at an international tender which ended on Thursday for approximately 65,000 metric tonnes of animal feed corn. The lowest price was estimated as a premium cost and freight included of 206.90 U.S.

In its turnaround plan, Eramet is focusing on manganese and lithium growth

Posted to Maritime Reporter on December 4, 2025

Eramet, the French mining company, said that it aims to increase its manganese and lithium deliveries from Gabon, as well as from Argentina, in order to improve its finances which has been affected by declining profits and increasing debt. Early December…

Australia has received AUKUS sub review from the US

Posted to Maritime Reporter on December 4, 2025

Richard Marles, Australia's Defence Minister, said that Australia has received the United States review of the AUKUS partnership for nuclear submarines and is "working it through". In June, President Donald Trump announced that his administration had begun a formal review of the AUKUS deal.

As tensions in the Black Sea ease, Chicago wheat and corn prices drop.

Posted to Maritime Reporter on December 4, 2025

Chicago wheat and corn prices fell on Thursday as fears of escalation of military activity in the Black Sea grain export area eased. As of 0344 GMT the most active wheat contract on Chicago Board of Trade lost 0.05%, to $5.38 per bushel. Corn fell 0.17%, to $4.42-3/4 per bushel.

Corn and wheat decline after Black Sea-driven gains

Posted to Maritime Reporter on December 3, 2025

Analysts said that U.S. corn and wheat futures both fell by more than 1% Wednesday as concerns about an escalation of military activity in the Black Sea grain-export region subsided. Soybeans fell on the uncertainty surrounding Chinese demand for U.S. supply of the oilseed.

Corn and wheat decline after Black Sea-driven gains

Posted to Maritime Reporter on December 3, 2025

Analysts said that U.S. Corn futures dropped more than 1% and Wheat futures also fell as fears of a military escalated in the Black Sea grain-export region eased. Soybeans fell on the uncertainty surrounding Chinese demand for U.S. supply of the oilseed.

The EU Wheat Market Pauses as the Focus Shifts to Algerian Tender

Posted to Maritime Reporter on December 3, 2025

The price of European wheat was not much different on Wednesday, as traders assessed the initial results of an Algerian import bid and concerns over escalating war in the Black Sea receded. The most active contract, March wheat on Paris' Euronext exchange…

Data shows that despite US pressure Venezuelan oil exports exceed 900,000 barrels per day

Posted to Maritime Reporter on December 3, 2025

According to shipping documents and data, Venezuelan oil exports increased slightly in November to 921,000 barrels a day (bpd), the third highest monthly average this year. The country used more diluting agents to produce exportable grades.

Algeria purchases milling wheat at tender, traders claim

Posted to Maritime Reporter on December 3, 2025

European traders reported that Algeria's state grain agency OAIC bought milling wheat at an international auction which ended on Wednesday. They said that the initial price for first purchases was around $256 per metric ton, including freight. Some estimated the lowest price as $255 per ton, c&f.

Algeria purchases milling wheat at tender, traders claim

Posted to Maritime Reporter on December 3, 2025

European traders reported that Algeria's state grain agency OAIC bought milling wheat at an international auction which ended on Wednesday. They said that the initial cost of a metric tonne, including freight and costs (c&f), was around $256.

Platts: No need to make significant Dated Brent Changes

Posted to Maritime Reporter on December 3, 2025

S&P Global Energy Platts, at a London briefing on Wednesday, said that the Dated Brent crude oil global benchmark works well and there is no need to make significant changes in its methodology. Dated Brent is the benchmark for physical crude oil and it's used to price over 60% of global oil traded.

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

Posted to Maritime Reporter on December 3, 2025

European traders reported on Wednesday that Taiwan's MFIG buying group had issued an international tender for up to 65,000 metric tonnes of animal-feed grain from the United States or Argentina, Brazil, or South Africa. They said that the deadline…

South Korean milling groups buys around 30,300 tons of wheat from the US traders claim

Posted to Maritime Reporter on December 3, 2025

European traders reported that a South Korean group of flour mills bought approximately 30,300 metric tonnes of milling grain to be sourced in the United States at an international auction on Wednesday. All wheat was purchased on a FOB basis.

South Korea to purchase rice from China mainly for 58,244 tonnes

Posted to Maritime Reporter on December 3, 2025

Agro-Fisheries and Food Trade Corporation, a state-owned company in South Korea, has announced an international tender for the purchase of an estimated 58.244 metric tonnes of rice, mainly from China. European traders reported this on Wednesday.