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US tech CEOs are asked to respond to concerns raised by lawmakers about submarine cables

Posted to Maritime Reporter on July 21, 2025

Three Republican House members asked Alphabet, Facebook parent Meta and Amazon.com on Monday if they had adopted adequate safeguards in order to address the growing concerns about national security regarding submarine communication cables. Washington…

Italian officials will face trial for fatal Cutro migrant boatwreck

Posted to Maritime Reporter on July 21, 2025

A media report said that an Italian judge ordered on Monday six police officers and coastguards to face trial for mishandling of operations during the 2023 migrant shipwreck near Cutro, which killed over 90 people. A wooden sailboat, which had set off from Turkey…

UK sanctions target 135 Russian tankers from the shadow fleet

Posted to Maritime Reporter on July 21, 2025

The UK imposed new sanctions Monday on Russia's "shadow fleet", which includes 135 oil tanks, as well as two Russian companies: shipping company Intershipping Services LLC, and oil trader Litasco Middle East DMCC. The British government says…

Israeli military strikes Houthi targets at Yemen's Hodeidah Port

Posted to Maritime Reporter on July 21, 2025

On Monday, the Israeli military launched a new attack on Houthi targets at Yemen's Hodeidah Port. The militants who are backed by Iran have been attacking ships bound for Israel with missiles and striking them. Israel Katz, Minister of Defence in Israel…

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

Posted to Maritime Reporter on July 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 to submit price proposals in the tender is 23 July. Traders had…

US wants to ban Chinese technology for undersea cables

Posted to Maritime Reporter on July 16, 2025

The Federal Communications Commission announced on Wednesday that it intends to adopt rules prohibiting companies from connecting submarine communications cables to the United States using Chinese technology or equipment. Brendan Carr, FCC chairperson…

Study shows that high interest rates in Russia may prompt a surge in distressed asset M&A.

Posted to Maritime Reporter on July 16, 2025

A study by top law firms found that high interest rates may encourage mergers and acquisitions in Russia, even though Western sanctions and a lack of liquidity among buyers will likely limit growth for the time being. The study found that the…

Taiwan purchases 89,650 t of wheat from the US, traders report

Posted to Maritime Reporter on July 16, 2025

In a Wednesday tender, the Taiwan Flour Millers' Association bought an estimated 89.650 metric tonnes of milling grain to be sourced in the U.S., European traders reported. Two consignments of wheat from the U.S. Pacific Northwest Coast were purchased.

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

Posted to Maritime Reporter on July 16, 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 optional origins. The deadline for submitting price offers is July 22, 2018. Traders had expected a new announcement after Jordan failed to purchase 120…

Iran seizes a foreign tanker that was smuggling in 2 million litres fuel

Posted to Maritime Reporter on July 16, 2025

According to Iran's semiofficial Mehr news agency, the chief judge of Hormozgan Province said that a foreign tanker had been seized in the Gulf of Oman by Iran for smuggling two million litres of diesel fuel. According to the report, "During…

Pakistan reduces the volume of sugar sought by tender to 50,000 T

Posted to Maritime Reporter on July 15, 2025

European traders reported on Tuesday that the Trading Corporation of Pakistan, a Pakistani state agency, has reduced its request for white refined sugar in an international tender to 50,000 tons. The original tender sought between 300,000 and 500,000 metric tonnes.

Imports from China to the busiest US port rose in June after tariffs were reduced

Posted to Maritime Reporter on July 14, 2025

The port's director announced on Monday that imports into the largest U.S. seaport, Los Angeles, rebounded in June. They finished up 10% from a year earlier and contributed to a record volume for the entire month. Last month, the Port of Los Angeles received 470,450 TEUs of cargo after the U.S.

Taiwan bids on 89,650 t of wheat with U.S. origin

Posted to Maritime Reporter on July 14, 2025

European traders reported on Monday that the Taiwan Flour Millers' Association had issued an international tender for an estimated 89.650 metric tons grade 1 milling grain to be purchased from the United States. The bidder is looking for two…

Pakistani tenders for the purchase of 300,000-500,000 metric tons sugar

Posted to Maritime Reporter on July 11, 2025

European traders reported on Friday that Pakistan's Trading Corporation of Pakistan, a state-owned agency, had issued an international tender for the purchase and import of 300,000 metric tons to 500,000 metric tonnes of white refined sugar.

Official: US calls on South Korea to join in efforts to limit China's trade with South Korea

Posted to Maritime Reporter on July 11, 2025

A senior official of the Seoul trade ministry told reporters on Friday that the U.S. demanded South Korea to join its efforts in trade negotiations with China to limit China's influence. The countries are currently discussing cooperation in shipbuilding.

Sources say that Saudi oil exports from China will reach a two-year high this August.

Posted to Maritime Reporter on July 10, 2025

Five trade sources reported on Friday that Saudi Arabia's crude exports to China will reach their highest level in over two years this August. The top exporter is trying to regain its market share with the world's largest importer. A tally of…

The European Commission proposes a floating Russian oil price cap

Posted to Maritime Reporter on July 10, 2025

Four EU diplomats say that the European Commission will likely propose a floating Russian crude oil price cap as part of a draft new sanctions package this week in an effort to overcome the opposition of some member states. In its 18th package of sanction against Russia…

After a decline in wheat sales, Russia takes measures to boost agricultural exports

Posted to Maritime Reporter on July 10, 2025

After international wheat sales fell to their lowest levels since 2008, the Russian government has ordered measures to boost agricultural exports. Meanwhile, traders report that new crops are slow to arrive at Black Sea terminals. Sovecon estimates that July wheat exports will be between 2…

South Korea's FLC purchases about 60,000 metric tonnes of soymeal

Posted to Maritime Reporter on July 10, 2025

The Feed Leaders Committee, a South Korean import group, purchased 60,000 metric tonnes of soymeal in an international auction on Thursday. Soymeal was sourced from optional origins. It is believed that the FLC purchased from Cofco, a trading house.

The Sailing-Admiral's Cup brings world's elites to Cowes

Posted to Maritime Reporter on July 10, 2025

The Admiral's Cup, which has been absent for two decades, returns to Cowes in this month. A top-tier fleet of international teams, including America's Cup veteran, Olympic medallists, and offshore specialists, will compete for the coveted trophy.

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