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Sunday, December 21, 2025

Maritime Blogs East Asia

South Korea's NOFI purchased about 60,000 tonnes of soymeal from traders

Posted to Maritime Reporter on August 29, 2025

Nonghyup Feed Inc., a leading South Korean animal feed manufacturer (NOFI), purchased around 60,000 tons of soymeal in a closed-door deal on Thursday. The deal was made without a formal international tender. The estimated price was $348.58 per ton, cost and freight included.

Singapore's Temasek has undergone many changes in the last two decades

Posted to Maritime Reporter on August 28, 2025

Singapore's Temasek, the state-owned investment company in Singapore, announced a major restructuring of its operations on Thursday. This is one of the biggest structural changes it has seen in its 51 year history. STRUCTURAL CHANGES In 2011…

South Korea's MFG purchases about 60,000 tonnes of soymeal from traders

Posted to Maritime Reporter on August 28, 2025

Major Feedmill Group of South Korea purchased around 60,000 tons of soymeal at an international auction on Thursday, European traders reported. The tender specified that the purchase could be made in South America or the United States, but the option was available to choose from China…

South Korea's MFG bids for 60,000 tons of soymeal

Posted to Maritime Reporter on August 28, 2025

Major Feedmill Group in South Korea (MFG) issued a tender for up to 60,000 tons of soymeal. European traders confirmed this on Thursday. The deadline to submit price offers for the tender is Thursday, 28 August. A consignment weighing between 40…

Trade flows could be affected by Asia's promise to increase US farm imports

Posted to Maritime Reporter on August 28, 2025

Southeast Asian nations will reshape the global grain and oilseed trade flow through U.S. deals, which include increasing agriculture purchases. Increased American shipments are expected to displace Australian, Canadian, and Russian supply.

Satellite images reveal that the damaged Chinese coast guard vessel is now being repaired in Hainan.

Posted to Maritime Reporter on August 27, 2025

Satellite images show that the Chinese coastguard ship damaged by the collision with a Chinese navy vessel earlier this month in the South China Sea is currently being repaired at Hainan Island - the first confirmation it has returned to port.

RWE CEO does not see the need to write down a major US offshore project

Posted to Maritime Reporter on August 27, 2025

RWE is the No.2 offshore wind developer in the world. RWE, the world's No. Markus Krebber, a journalist, told reporters that the so-called Community Offshore Wind Project, in which RWE holds a 73%-27% share with Britain's National Grid and has not been invested, had been put on hold.

HD Hyundai Heavy, a South Korean shipbuilder, merges with HD Hyundai Mipo

Posted to Maritime Reporter on August 27, 2025

HD Hyundai Heavy Industries of South Korea, the largest shipbuilder in the world, announced on Wednesday its intention to merge with HD Hyundai Mipo, as it aims for a larger share of the U.S. market. The company stated that it hopes to lead U.S.

Taiwan's MFIG purchases about 65,000 tonnes corn from US traders, say

Posted to Maritime Reporter on August 27, 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 177.00 U.S.

Data shows that Saudi Arabia and India were the largest buyers of Russian fuel in July.

Posted to Maritime Reporter on August 26, 2025

LSEG data and traders' reports show that Saudi Arabia and India were top destinations for Russian seaborne VGO and fuel oil exports. Middle Eastern and Asian nations are now the primary destinations of Russian fuel oil and VGO since the full…

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

Posted to Maritime Reporter on August 25, 2025

European traders reported on Monday 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 or Brazil. They said that the deadline…

What are the likely topics of discussion at the US-South Korea Summit?

Posted to Maritime Reporter on August 25, 2025

U.S. president Donald Trump hosted South Korean president Lee Jae Myung at Washington on Monday for their first meeting after they struck a deal last month that lowered U.S. duties on the Asian ally from 25% to 15%. Trump said that he would…

Russian Navy practices defending themselves against "underwater saboteurs" in Baltic Sea

Posted to Maritime Reporter on August 22, 2025

The defence ministry announced on Friday that Russian forces conducted an exercise in Baltic Sea, including drills for repelling an underwater attack. The ministry reported that units of divers "demonstrated their skills in detecting, capturing…

South Korea purchased 45,200 tonnes of rice from Vietnam & Thailand

Posted to Maritime Reporter on August 22, 2025

Agro-Fisheries and Food Trade Corporation, a state-owned company in South Korea, purchased approximately 45.200 metric tonnes of rice from the United States as part of an international tender which closed on August 8. It can take a few weeks for the corporation to make a decision on a tender.

What are the likely topics of discussion at the US-South Korea Summit?

Posted to Maritime Reporter on August 22, 2025

Donald Trump, the U.S. president, will host South Korean President Lee Jae Myung for their first meeting in Washington on Monday. The two countries had struck a deal on trade last month that reduced U.S. duties on the Asian ally from 25% to 15%. Alongside trade, U.S.

Central News Agency reports that Taiwan's defence spending in 2026 will exceed 3% GDP.

Posted to Maritime Reporter on August 21, 2025

The official Central News Agency reported on Thursday that the Taiwanese cabinet planned to spend T$949.5billion ($31.27billion) in defence next year, which is 3.32% the gross domestic product. This will be the first time the government has exceeded the 3% threshold since 2009.

The US Navy has built a drone fleet in order to fight China. It's not working out.

Posted to Maritime Reporter on August 20, 2025

One of the top Pentagon drone boats stalled during a U.S. Navy test last month off the California coast. While officials were scrambling to fix a computer glitch, a drone vessel crashed into an idling boat on its starboard side. It then vaulted above the deck and crashed into the water.

The US Navy has built a drone fleet in order to fight China. It's not working out.

Posted to Maritime Reporter on August 20, 2025

One of the top Pentagon drone boats stalled during a U.S. Navy test last month off the California coast. While officials were scrambling to fix a computer glitch, a drone vessel crashed into an idling boat on its starboard side. It then vaulted above the deck and crashed into the water.

The US Navy has built a drone fleet in order to fight China. It's not working out.

Posted to Maritime Reporter on August 20, 2025

One of the top Pentagon drone boats stalled during a U.S. Navy test last month off the California coast. While officials were scrambling to fix a computer glitch, a drone vessel crashed into an idling boat on its starboard side. It then vaulted above the deck and crashed into the water.

Brazil's Petrobras plans to increase production at three FPSOs

Posted to Maritime Reporter on August 18, 2025

Sylvia dos Anjos said that the Brazilian state-run Petrobras wants to increase production on three offshore floating production platforms it operates. Anjos stated that the production at the Almirante-Tamandare FPSO of the company in Buzios could be increased from 225…