Posted to Maritime Reporter
on
July 8, 2025
In recent months, iron ore prices have remained stable despite increasing uncertainty about the future of the steel raw material. The benchmark Singapore Exchange contract closed at $95.25 per metric ton Monday. This is down from $95.89 the previous day…
Posted to Maritime Reporter
on
July 8, 2025
In recent months, iron ore prices have remained stable despite increasing uncertainty about the future of the steel raw material. The benchmark Singapore Exchange contract closed at $95.25 per metric ton Monday. This is down from $95.89 the previous day…
Posted to Maritime Reporter
on
July 3, 2025
The massive tax and spending plan of President Donald Trump includes more than $8,6 billion for the U.S. Coast Guard's icebreaker fleet to be deployed in the Arctic where Washington hopes it can counter the rising dominance of Russia and China.
Posted to Maritime Reporter
on
July 2, 2025
Fiji opposes China establishing a military base on the Pacific Islands. Prime Minister Sitiveni Rabuka stated this Wednesday. He added that China does not require such a facility to project its power as demonstrated by a recent test of an intercontinental missile.
Posted to Maritime Reporter
on
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
on
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…
Posted to Maritime Reporter
on
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
on
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…
Posted to Maritime Reporter
on
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…
Posted to Maritime Reporter
on
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
on
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…
Posted to Maritime Reporter
on
June 25, 2025
Donald Trump stated on Wednesday that the U.S. had not ceased its maximum pressure against Iran, including restrictions on the sale of Iranian oil. However, he indicated a possible easing in enforcement for the benefit of the country's rebuilding.
Posted to Maritime Reporter
on
June 25, 2025
European traders reported that the Major Feedmill Group (or MFG) of South Korea purchased approximately 266,000 metric tonnes of animal feed corn at an international auction on Wednesday. Four consignments were purchased for South Korea's arrival in September and October.
Posted to Maritime Reporter
on
June 25, 2025
China and India, the two largest thermal coal importers in the world, are cutting back on Indonesian shipments in favor of more energy-dense grades imported from other countries. This is because a fall in global coal prices has made high-quality coals more competitive.
Posted to Maritime Reporter
on
June 24, 2025
Donald Trump stated on Tuesday that China could continue to buy oil from Iran, after the U.S. attacked the OPEC members nuclear facilities. He also hoped China would purchase "plenty" from the United States. "China can continue to buy Oil from Iran." "Hopefully…
Posted to Maritime Reporter
on
June 23, 2025
Insurance sources reported on Monday that war risk insurance rates for shipments into the Middle East Gulf region have increased to 0.5%, up from 0.2-0.3% one week earlier. This is due to U.S. strikes on Iran's nucleus facilities and the growing dangers to the Strait of Hormuz.
Posted to Maritime Reporter
on
June 23, 2025
Marine Traffic's ship tracking data revealed on Monday that three empty oil and chemicals tankers had diverted from the Strait of Hormuz, and changed their course. This was amid increasing uncertainty about whether Iran would retaliate in the crucial waterway following U.S.
Posted to Maritime Reporter
on
June 19, 2025
China's military condemned on Friday the sailing of a British ship through the Taiwan Strait, saying that it was a deliberate effort to "cause troubles", and undermined the peace and stability in this region. The Royal Navy of Britain said that…
Posted to Maritime Reporter
on
June 17, 2025
China and Central Asian nations are willing to improve road, rail, and air connectivity. They will also look to increase direct flights from and to China, as they agree to enhance their exchanges. China said it would simplify visa procedures for the five Central Asian nations…
Posted to Maritime Reporter
on
June 17, 2025
Taiwan has completed its maiden sea test for its first submarine developed domestically on Tuesday. This is a major milestone in a project that aims to strengthen deterrence and protect vital sea routes in case of war. Taiwan, which China claims…
