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Kumba to invest even more $428 mln in iron ore processing plant upgrade

Posted to Maritime Reporter on August 29, 2024

South Africa's Kumba Iron Ore. will invest an extra 7.6 billion rand ($ 428. million) in processing technology that will treble premium. quality production at its Sishen mine, it said on Thursday. The Anglo American system said the extra financial investment.

Asia leads in fuel oil imports from Nigeria's Dangote, but volumes may decline

Posted to Maritime Reporter on August 29, 2024

for the remainder of the year. at the world's largest bunker hub Singapore. showing up in September, data from analytics firm Kpler revealed. 700,000 heaps this year. ahead. sources said. remark. Processing lower-sulphur crudes such as U.S. senior analyst at LSEG Oil Research.

Iran: Houthis have agreed to a truce with tugboats so they can reach the damaged oil tanker

Posted to Maritime Reporter on August 28, 2024

Iran's New York mission at the United Nations said that the Houthi group, which is aligned with Iran in Yemen, has agreed to a short-term truce to enable tugboats and other rescue vessels to reach the damaged crude oil tanker Sounion under Greek flag in the Red Sea. Iran's U.N.

Analyst APK-Inform reports that the exports of Ukrainian sunoil dropped sharply in August.

Posted to Maritime Reporter on August 28, 2024

Analyst APK-Inform reported on Wednesday that Ukrainian sunflower oil exports fell by 45% in August compared to July due to a limited supply of sunseeds for refineries. According to the consultancy, about 200,000 tons of sunflower oil was exported between Aug. 1 and 25.

Sources say that the German state government is likely to buy 80% of a shipbuilder.

Posted to Maritime Reporter on August 27, 2024

Two sources with knowledge of the situation said on Tuesday that the German government and the state of Lower Saxony will likely acquire around 80% of Meyer Werft in order to secure the company's future as one of the largest cruise shipbuilders in the world.

Jordan purchases 60,000 metric tonnes wheat in tender, traders claim

Posted to Maritime Reporter on August 27, 2024

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 Ameropa at a cost and freight rate…

South Korea's FLC purchases 68,000 T of corn in a private deal, traders claim

Posted to Maritime Reporter on August 27, 2024

The Feed Leaders Committee of South Korea (FLC) bought around 68,000 metric tonnes of animal feed corn from South America on Tuesday in a private transaction without holding an international tender. The corn cost was estimated at $232.99 per ton, including freight.

Algeria bids again for corn and feed barley traders claim

Posted to Maritime Reporter on August 27, 2024

European traders reported on Tuesday that the Algerian state agency ONAB had issued international tenders for up to 120,000 tons of animal feed corn, and 35,000 tonnes of feed barley. The deadline to submit price offers for the tenders is August 28.

South Korea's KFA buys estimated 66,000 T corn, traders say

Posted to Maritime Reporter on August 27, 2024

European traders reported that the Korea Feed Association (KFA), which is a trade association for animal feed, purchased approximately 66,000 metric tonnes of animal feed corn at an international auction on Tuesday. The corn was expected to come from South America.

Traders say Algeria is a pass for corn and barley.

Posted to Maritime Reporter on August 27, 2024

European traders reported on Tuesday that Algerian state agency ONAB rejected all bids and did not make any purchases in tenders which closed last Thursday for up to 112,000 metric tons animal feed corn and 35,500 tons feed barley. It was not clear what the outcome of an auction for 40…

Paris wheat prices pushed lower by a firm euro and low Black Sea prices

Posted to Maritime Reporter on August 26, 2024

The European wheat price fell again on the Monday due to a stronger trend in euro, which made it more expensive on world markets. EU wheat is facing stiff competition from cheaper Black Sea origins. The benchmark December milling grain on Paris' Euronext fell 1.8% to 205 euros ($228.88)…

Paris wheat prices impacted by Euro strength and low Black Sea prices

Posted to Maritime Reporter on August 26, 2024

The European wheat price fell again on the Monday due to a stronger euro, which made it more expensive on world markets. EU wheat is facing stiff competition from cheaper Black Sea origins. The benchmark December milling grain on Paris' Euronext…

British maritime agencies report an incident off Yemen coast

Posted to Maritime Reporter on August 26, 2024

United Kingdom Maritime Trade Operations said that it received a report on Monday of an incident 61 miles south-east of Yemen's Mokha. UKMTO reported the captain of an unmanned surface vessel (USV) in close proximity to his vessel. Two other small boats were also observed…

Philippines calls China's South China Sea move aggressive and illegal

Posted to Maritime Reporter on August 26, 2024

After a series of incidents and clashes on the air and on the sea in the last week, the Philippine government condemned China for its "repeated aggressive and unprofessional" actions. The Philippines' National Maritime Council said Chinese aircraft…

China fines Sinograin, others for transporting cooking oils in unclean tankers

Posted to Maritime Reporter on August 26, 2024

State media reported that China fined Sinograin, a state-owned stockpiler of cooking oil, and six other firms an aggregate of 11 million yuan (1.54 million dollars) for the use of fuel tanks to transport cooking oils in a scandal which eroded trust in food safety regulations.

Migration agency reports 13 dead after boat capsizes off Yemen

Posted to Maritime Reporter on August 25, 2024

The International Organization for Migration said that 13 people were killed and 14 are still missing after a boat capsized near Yemen on Tuesday. IOM reported that the boat carrying 25 Ethiopians, two Yemenis and two Yemenis was sailing off the coast in Yemen's Taiz Governorate, southwest.

Italian prosecutor opens manslaughter investigation in Lynch Yacht Sinking

Posted to Maritime Reporter on August 24, 2024

A prosecutor in Italy has launched a manslaughter probe into the death of British tech magnate Mike Lynch, and six others who died when a luxury boat sank near Sicily last week. Ambrogio Cartosio is the head of the public prosecutor’s office in Termini Imerese.

Greek coastguard shoots at migrant boat and kills one

Posted to Maritime Reporter on August 23, 2024

Authorities said that a 39-year old migrant died after the Greek Coastguard opened fire at a vessel transporting migrants near the island of Symi, in the eastern Aegean. The coastguard stated that the man "probably died from a bullet". It also…

Euronext Wheat Slips Again amid Export Gloom

Posted to Maritime Reporter on August 23, 2024

Euronext Wheat fell on Friday for the third consecutive day, holding near its five-month low. A rising euro and an abundance of grain from the Black Sea at a lower price kept traders pessimistic about export prospects. The December wheat contract…

Media report that the death toll has risen to 11, after a boat capsized between Bosnian and Serbia

Posted to Maritime Reporter on August 23, 2024

Local media reported that the death toll had risen to 11 after a boat of migrants capsized as it tried to cross from Serbia into Bosnia and Herzegovina. Zlatan Simic, the head of the local firefighting team in the eastern Bosnian city of Bratunac told Srna…