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Data shows that the price of Russian Urals oil remains below the Western price cap

Posted to Maritime Reporter on May 6, 2025

Calculations based on LSEG's data show that since April 3, the price of Urals oil in Russian ports along the Black Sea and Baltic Sea has been below the cap set by Western nations. The Group of Seven (G7) countries have introduced a price cap…

South Korea's MFG purchased 65,000-70,000 T corn privately, traders claim

Posted to Maritime Reporter on May 5, 2025

Major Feedmill Group of South Korea (MFG) bought between 65,000 and 70,000 metric tonnes of animal feed corn late last week in a private transaction without issuing a tender to the international market, European traders reported on Monday. The estimated cost per ton was $248.40, including freight.

South Korea's MFG purchases about 66,000 T of corn, traders claim

Posted to Maritime Reporter on April 29, 2025

In an international auction held on Tuesday, the Major Feedmill Group of South Korea (MFG) bought approximately 66,000 metric tonnes of animal feed corn, which could have been sourced from either the United States, South America, or South Africa.

South Korean firms seek LNG cargo for June delivery

Posted to Maritime Reporter on April 28, 2025

South Korean companies Korea Midland Power Co. (KOMIPO), Korea Southern Power Co. (KOSPO), and SK subsidiary PRISM Energy International, have released a tender to purchase one liquefied gas (LNG). The cargo is due for delivery in the month of June.

World Bank looks at energy financing options but holds firm on equality issues

Posted to Maritime Reporter on April 25, 2025

The World Bank steering committee endorsed on Friday the lender's plans for exploring options to expand access to energy, including possible financing for nuclear power. This is in line with U.S. President Donald Trump’s directives to increase energy financing.

Traders say that no purchase has yet been made in Syria's 100,000-metric-ton wheat tender

Posted to Maritime Reporter on April 25, 2025

European traders reported on Friday that a state grain buyer in Syria still considers price offers for an international tender to purchase about 100,000 metric tonnes of soft milling Wheat which closed this past week without any purchase being made.

Canadian Finance Minister: G7 united, but tensions still remain over tariffs

Posted to Maritime Reporter on April 24, 2025

Canada's Francois-Philippe Champagne, Canada's Minister of Finance, said that the Group of Seven Industrial Democracies continues to be united. However tensions remain amongst them over the tariffs imposed by the U.S. Champagne said at a briefing…

Canadian Finance Minister: G7 is united, but tensions still remain over tariffs

Posted to Maritime Reporter on April 24, 2025

Canada's Francois-Philippe champagne, Canada’s Finance Minister said Thursday that the Group of Seven biggest economies remain united but there are tensions between them over the tariffs imposed by the United States. Champagne said at a briefing…

Jordanian traders claim that they will buy up to 120,00 T of feed barley.

Posted to Maritime Reporter on April 17, 2025

European traders reported on Thursday 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 for submitting price offers is April 23, 2019. Traders had expected…

Iran's SLAL has won tenders to purchase 120,000 t each of corn and barley

Posted to Maritime Reporter on April 16, 2025

European traders reported on Wednesday that the Iranian state-owned animal food importer SLAL had issued international tenders for up to 120,000 metric tonnes of animal feed corn and barley, as well as 120,000 metric ton of soymeal. They said…

Last week, South Korea's FLC purchased about 65,000 t corn from the U.S.

Posted to Maritime Reporter on April 10, 2025

The Feed Leaders Committee of South Korea (FLC) purchased around 65,000 tons of animal feed grain expected to come from the United States, in a private transaction late last week. This was done without launching an international tender. They…

EU tariffs will curb US corn imports; soy is less at risk now

Posted to Maritime Reporter on April 9, 2025

The European Union's counter-tariffs against U.S. products, which will be implemented next week, are expected to stop a large amount of U.S. grain from reaching Europe and increase costs for buyers who want to find alternative sources of feed grain.

US bill creates fund for oil sanctions against Russia's ghost Fleet

Posted to Maritime Reporter on April 9, 2025

Two U.S. Senators, both from the Democratic and Republican parties, introduced legislation on Wednesday that establishes a Fund to enforce sanctions against Russia's so-called "ghost fleet" of oil tankers it relies on in order to avoid Western sanctions due to its war with Ukraine.

Jordan purchases about 60,000 metric tonnes feed barley at tender, traders claim

Posted to Maritime Reporter on April 9, 2025

European traders reported that Jordan's state grain purchaser purchased approximately 60,000 metric tonnes of animal feed barley on Wednesday in an international bid seeking up to 120,00 tons. The trading house Olam was reported to have purchased…

US soybeans will reach China despite tariffs

Posted to Maritime Reporter on April 9, 2025

Sources and shipping data indicate that China will receive approximately 3 million metric tonnes of U.S. soya beans in April-May. This is despite the new tariffs on American goods, which are set to choke off China's biggest U.S. import. Four…

Jordanian traders report that the country has issued a tender for up to 120,000 tons of wheat.

Posted to Maritime Reporter on April 9, 2025

The state grain buyer of Jordan has announced an international tender for up to 120,000 tons of milling whey that can come from any origin, European traders reported on Wednesday. The deadline for submitting price offers to the tender is April 15th.

Sources say that Black Sea CPC blend oil exports for April were revised down to 1.6 millions bpd.

Posted to Maritime Reporter on April 7, 2025

Two sources reported on Monday that the Black Sea CPC blend oil exports were reduced to 1.6 millions barrels per day (or 6.2 million tons) from 1.7million bpd as outlined in the preliminary plan. Caspian Pipeline Consortium exports Kazakhstan's and Russia's crude oil via the Black Sea.

South Korea will buy around 80,000 metric tonnes of rice, traders claim

Posted to Maritime Reporter on April 7, 2025

European traders reported on Monday that the state-backed Agro Fisheries & Food Trade Corporation of South Korea has published international tenders for the purchase of about 80,000 tons metric tonnages (tonnages) rice. The deadline for submitting price offers to tenders is April 15, 2019.

South Korea's KFA purchased about 65,000 T of corn in a private deal, traders claim

Posted to Maritime Reporter on April 3, 2025

According to European traders, the Korea Feed Association in South Korea purchased approximately 65,000 metric tonnes of animal feed corn on Thursday in a private transaction without launching an international tender. You can get corn from anywhere in the world.

Asia wants more fuel oil from Nigeria's Dangote Refinery

Posted to Maritime Reporter on April 3, 2025

Singapore, Asia's oil hub, is expected to receive more fuel from Nigeria's Dangote Refinery in April. This follows a spike in arrivals last month. Sources said that the refinery offered to export additional residual fuel in its most recent tender, which was held this week.