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US sanctions on Iranian shipping network are major

Posted to Maritime Reporter on July 30, 2025

On Wednesday, the U.S. Treasury Department issued new sanctions against over 115 Iran linked individuals, entities, and vessels. This is an indication that the Trump administration has intensified its "maximum-pressure" campaign following June's bombing of Tehran's nuclear sites.

Monaco's Casirighi's team wins Admiral's Cup as they master the waves

Posted to Maritime Reporter on July 30, 2025

Monaco Yacht Club won the Admiral's Cup for the first time on Wednesday. They were the first team to win the prize from the Principality after a long series of races that culminated with the Fastnet Race. Monaco won the Fastnet final after a fierce battle in six inshore races on the Solent.

South Korea is expected to purchase approximately 45,200 metric tonnes of rice, traders claim

Posted to Maritime Reporter on July 30, 2025

Agro-Fisheries and Food Trade Corporation, a state-owned company in South Korea, has announced international tenders for the purchase of 45,200 metric tonnes of rice from Vietnam and Thailand. The deadline to submit price proposals in the tender is 8 August.

Officials say that Bangladesh will buy 220,000 tonnes of wheat from the US to obtain tariff relief.

Posted to Maritime Reporter on July 30, 2025

A Dhaka official announced on Wednesday that the Bangladeshi government had approved the purchase of 220,000 metric tonnes of wheat from the United States in an effort to reduce the steep tariffs placed by the Trump Administration and ease U.S. Trade tensions.

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

Posted to Maritime Reporter on July 30, 2025

European traders reported on Wednesday that Jordan's state grain purchaser has issued a tender for up to 120,000 tons of milling Wheat sourced from optional sources. Price offers must be submitted by August 5th. Traders had expected a new announcement after Jordan failed to purchase 120…

South Korea's NOFI purchases approximately 195,000 tons corn, traders claim

Posted to Maritime Reporter on July 30, 2025

European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 195,000 metric tonnes of animal feed corn on Wednesday in an international bid seeking up to a maximum of 207,000 tons.

Nippon Steel will supply steel for Vestas Wind Towers in Europe, Asia and Japan

Posted to Maritime Reporter on July 30, 2025

Nippon Steel and Vestas Wind Systems, a Danish wind turbine manufacturer, signed a memorandum of cooperation on Wednesday. The agreement outlines the supply of steel for Vestas wind towers in Europe, Asia, and Japan, according to Japan's Industry Ministry.

South Korea's NOFI buys estimated 195,000 T corn, traders say

Posted to Maritime Reporter on July 30, 2025

European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 195,000 metric tonnes of animal feed corn on Wednesday in an international bid seeking up to a maximum of 207,000 tons.

NOFI South Korea to purchase up to 207,000 t corn

Posted to Maritime Reporter on July 30, 2025

European traders reported on Wednesday that the leading South Korean feedmaker Nonghyup Feed Inc. has announced an international tender for up to 207,500 metric tons animal feed corn. The deadline to submit price offers for the tender is Wednesday, 30 July.

South Korean officials and business leaders make a last-ditch effort to secure a US trade agreement

Posted to Maritime Reporter on July 30, 2025

Seoul reported on Wednesday that three South Korean cabinet officials met U.S. commerce secretary Howard Lutnick for trade discussions in Washington. Top business leaders are also reportedly flying in to lobby for an agreement on U.S. Tariffs.

Taiwan's MFIG purchases about 65,000 t corn from the United States

Posted to Maritime Reporter on July 30, 2025

European traders reported that the MFIG group of Taiwan bought approximately 65,000 metric tonnes of animal feed corn, which was expected to come from the United States during an international auction on Wednesday. They said that the yellow corn was bought at a premium estimated to be 186.60 U.S.

South Korea's KFA Busan purchased about 66,000 T of corn in a private deal, traders claim

Posted to Maritime Reporter on July 30, 2025

According to European traders, the Busan section (KFA) of the Korea Feed Association in South Korea bought an estimated 66,000 tons of animal feed grain from optional origins on Tuesday in a private transaction without launching an international tender.

Iran's SLAL has bid for 120,000 metric tonnes of corn, traders claim

Posted to Maritime Reporter on July 29, 2025

European traders reported on Tuesday that the Iranian state-owned animal feeding importer SLAL had issued a tender for up to 120,000 metric tonnes of animal feed corn. They said that the deadline for submitting price offers was also Tuesday, 29 July.

South Korea's FLC purchases about 132,000 metric tonnes corn, traders claim

Posted to Maritime Reporter on July 29, 2025

The Feed Leaders Committee of South Korea (FLC) bought 132,000 metric tonnes of animal feed corn from a worldwide source in an international auction on Tuesday, European traders reported. Two consignments were purchased, exceeding the 69,000…

Black Jack wins the centennial Fastnet thriller

Posted to Maritime Reporter on July 29, 2025

Monaco's Black Jack 100 played perfectly on Tuesday, taking monohull line honors in the 100th anniversary Rolex Fastnet Race. This rounded off a fiercely-contested few days, which saw record fleets and tight margins. Underdogs pushed giants across 695 nautical mile of testing waters.

Chubu Elec is still committed to completing the review of offshore wind project in summer

Posted to Maritime Reporter on July 29, 2025

Chubu Electric Power announced on Tuesday that its C-Tech division is still reviewing with its partner the feasibility of domestic off-shore wind projects and hopes to finish the assessment by the end of the summer. Mitsubishi Corp and C-Tech were selected in 2021 to develop three offshore projects…

South Korea's FLC purchases about 132,000 metric tonnes corn, traders claim

Posted to Maritime Reporter on July 29, 2025

The Feed Leaders Committee of South Korea (FLC) bought 132,000 metric tonnes of animal feed corn from a worldwide source in an international auction on Tuesday, European traders reported. Two consignments were purchased, exceeding the 69,000…

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

Posted to Maritime Reporter on July 29, 2025

European traders reported on Tuesday that Taiwan's MFIG buying group had issued an international tender for up to 65,000 metric tonnes of animal feed corn, which could be sourced in the United States, Argentina Brazil or South Africa. According to the announcement…

South Korea's FLC offers to purchase up to 69,000 t corn, traders claim

Posted to Maritime Reporter on July 29, 2025

European traders reported on Tuesday that the Feed Leaders Committee of South Korea (FLC) had issued an international tender for purchase of between 52,000 to 69,000 metric tonnes animal feed corn. The deadline to submit price bids in the tender is also Tuesday July 29.

South Korea offers package of shipbuilding and other services to US trade deals in order to push for a deal

Posted to Maritime Reporter on 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.

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