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July 1, 2025
According to an order issued on Wednesday, the top U.S. consumer watchdog agency canceled this week a $95-million settlement reached with Navy Federal Credit Union last year. Officials in the previous administration had accused them of illegally charging overdraft fees.
Posted to Maritime Reporter
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July 1, 2025
Egypt's Petroleum Ministry said Tuesday it had received a report about a capsized drilling ship in the Gulf of Suez from Offshore Shukheir oil Company. The ministry stated that the drillship "Adam Marine 12" was located at Gabal El Zeit in the Red Sea.
Posted to Maritime Reporter
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July 1, 2025
The German Foreign Ministry announced on Tuesday that it would take additional measures against Russia's "shadow fleet", which operates in the Baltic Sea and North Sea. Western sanctions designed to cut Russia's oil revenue following its invasion in Ukraine have resulted in the growth of a vast…
Posted to Maritime Reporter
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July 1, 2025
The E1 World Championship in electric powerboat racing is looking for 20 million euros (about $23,55 million) to help fund its growth. This series has already been backed by many of the biggest names in sports and entertainment. The team owners include Will Smith…
Posted to Maritime Reporter
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July 1, 2025
In an international auction held on Tuesday, Jordan's state grain buyer bought about 60,000 metric tonnes of hard milling whey from optional origins. They said that it was estimated to have been purchased from Bulgarian Trading House Buildcom…
Posted to Maritime Reporter
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July 1, 2025
On Tuesday, European traders reported that the Algerian state agency ONAB had issued a tender for up to 240.000 metric tons animal feed corn from optional origins. They said that the deadline for submitting price offers to the tender is on Wednesday, July 2.
Posted to Maritime Reporter
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July 1, 2025
Four traders reported on Tuesday that the premiums for ESPO blend crude oil shipping from Russia's Kozmino Port late in July or early August to China are unchanged compared with those for earlier in the month. The Chinese said that the premium over ICE Brent was greater than $2 per barrel…
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July 1, 2025
China barred Tolentino from entering the country on Tuesday, citing his "egregious behavior" in matters like the South China Sea dispute a day after he finished his six-year tenure. Tolentino had campaigned on his efforts last year to introduce…
Posted to Maritime Reporter
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June 30, 2025
A U.N. official reported on Monday that one woman had died, two were missing, and 87 migrants were rescued after a shipwreck near the Italian island Lampedusa. Lampedusa is located between Tunisia and Malta, and the larger Italian Island of Sicily.
Posted to Maritime Reporter
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June 30, 2025
Major Feedmill Group of South Korea (MFG) bought approximately 120,000 metric tonnes of soymeal in an auction on Monday. The soymeal could have been sourced from the United States or South America, but also China, traders reported. Both consignments of 60…
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June 30, 2025
Commodity traders reported on Monday that a heatwave in Western Europe had lowered the water level on Germany's Rhine River. This has affected shipping and increased freight costs for cargo owners as their vessels could not sail fully loaded.
Posted to Maritime Reporter
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June 30, 2025
European traders reported on Monday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline to submit price offers for the tender is on Wednesday, July 2.
Posted to Maritime Reporter
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June 30, 2025
European traders reported on Monday that the leading South Korean animal feed manufacturer Nonghyup Feed Inc. (NOFI) had issued a tender for up to 60,000 tons of soymeal, sourced from South America or China. They said that the deadline for submitting price offers to the tender is also on Monday…
Posted to Maritime Reporter
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June 30, 2025
Jordan's national grain buyer issued an international bid to purchase up to 120,000 tons of milling, wheat that can come from any origin, European traders reported on Monday. The deadline to submit price offers for the tender is Tuesday July 1.
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June 28, 2025
Mazagon Dock Shipbuilders, a state-owned company in India, said that it would purchase a controlling interest in Colombo Dockyard of Sri Lanka in a deal worth not more than $52,96 million in order to expand its shipbuilding business. According to a Friday regulatory filing…
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June 27, 2025
Hanwha Ocean, a South Korean shipbuilder, announced on Friday that it had added a comprehensive finance deal to its bid to sell submarines to Poland. Poland wants to purchase three submarines as part of its "Orka", programme, to expand its military…
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June 27, 2025
Matt Quatraro, Royals manager, must find answers for his team when the Los Angeles Dodgers, who have tied for the best baseball record with Kansas City in a three game series starting Friday night. Royals are currently on a five-game losing streak and 7-15 for June.
Posted to Maritime Reporter
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June 27, 2025
Three Irish sisters are rewriting history at the Optimist World Championship, a regatta that is forming the future of sailing. Maeve Donagh, Emily Donagh and Lily Donagh will represent Ireland in the 2025 edition at Portoroz. Together with teammates Charlotte Crosbie…
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June 27, 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 Friday. The purchase included several wheat varieties and all…
Posted to Maritime Reporter
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June 27, 2025
On Friday, European traders reported that a group of South Korean mills purchased an estimated 32,000 tons of milling grain to be imported from the United States. This purchase included several wheat varieties and all were purchased on a FOB…
