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May 24, 2025
State media reported on Sunday that North Korea had detained officials from a shipyard responsible for an accident which occurred during the recent launch of a warship. Kim Jong Un, the leader of North Korea, witnessed the failed launch which crippled a 5,000-tonne battleship.
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May 22, 2025
North Korea began a thorough investigation of the accident that occurred this week during the launch a warship, according to KCNA. Pyongyang said that the incident occurred on Wednesday due to a loss in balance when the vessel was launched. Sections of the bottom were crushed.
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May 22, 2025
Francois-Philippe champagne, Canada's finance minister, said that discussions about tariffs were held during the G7 meeting of financial leaders. This was despite the fact that they had been mentioned in the final communiqué. At the conclusion of the meeting…
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May 21, 2025
State media KCNA reported that a serious accident took place on Wednesday at the launch of a North Korean warship, while Kim Jong Un attended the event. He called it a "criminal action" which could not be tolerated. Kim, who was present at the launch failure of the 5…
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May 20, 2025
Manila's armed services announced on Wednesday that the Coast Guard vessels from the Philippines and United States had participated in their first joint maritime exercise with air and naval units in the contested South China Sea. The Philippine Navy…
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May 20, 2025
The European Commission announced on Tuesday that the EU had adopted four sets sanctions against Russia for the war in Ukraine, including a 17th set of measures targeting Moscow's Shadow Fleet, as well as measures relating to chemical weapons and human rights, and hybrid threats.
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May 19, 2025
Taiwan's Coast Guard said on Monday that China may try to disrupt the public's morale in Taiwan ahead of President Lai Ching Te's anniversary, which is this week. This was after social media images of a person placing a Chinese flag at a Taiwanese beach surfaced.
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May 17, 2025
Guyana's Parliament passed a bill on oil pollution late Friday night that makes parties responsible for damage caused by oil spills from vessels, as well as other sources. President Irfaan Ali is expected to sign the bill into law soon. The…
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May 16, 2025
After an incident on the job, the Nigerian oil company Renaissance Energy said that it had halted the production of one line into the Trans Niger pipeline. This is a major oil route transporting crude oil from the onshore oilfields up to the Bonny terminal.
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May 16, 2025
Ahn Deuk Geun, South Korea's Minister of Trade and Industry, said that he had met with U.S. trade representative Jamieson Greer on Friday and requested a waiver for Washington's tariffs. Ahn said that the South Korean delegation will visit the…
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May 14, 2025
Major Feedmill Group of South Korea (MFG) bought about 60,000 tons of soymeal from South America on Wednesday in a deal that was not subject to an international tender, traders reported. The estimated cost and freight per ton was $346.40, including the surcharge for port unloading.
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May 14, 2025
European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 65,000 metric tonnes of animal feed corn on Wednesday in an international bid seeking up to 138,000 metric tons.
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May 12, 2025
Hong Kong's CK Hutchison announced on Monday that the closely monitored port deal it has negotiated will adhere strictly to all compliance standards. In March, the Hong Kong-based conglomerate controlled by tycoon Li Kashing agreed to sell the bulk of its global ports business worth $22.8 billion…
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May 12, 2025
Maersk, a Danish shipping company, said that on Monday the agreement between China & the United States on a 90-day suspension of tariffs & reciprocal duties is a positive step. At 0948 GMT, shares of Maersk were trading 12.9% higher. In an email…
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May 9, 2025
China's crude oil imports in April slowed compared to the previous month, but increased 7.5% compared to a year ago due largely to an abundance of shipments sanctioned by the government and because state refineries built up stocks during maintenance shut-downs.
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May 8, 2025
The new US ambassador in Panama, who was appointed on Thursday, pledged to further strengthen the ties between the Central American nation and the United States while highlighting China as a threat to all. "My first priority will be to enhance…
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May 8, 2025
European traders reported that the Feed Leaders Committee, a South Korean import group, purchased 60,000 metric tonnes of soymeal on Thursday in an international auction. The soymeal was expected to come from South America. It is believed that the FLC purchased from Cargill, a trading house.
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May 8, 2025
According to European traders, the Korea Feed Association in South Korea purchased between 65,000 and 70,000 metric tonnes of animal feed corn from optional origins on Wednesday in a private transaction without launching an international tender.
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May 5, 2025
The Philippines deployed a coastguard vessel and an airplane to confront and escort the Chinese research ship that it claimed was engaged in illegal marine scientific research within its exclusive economic zone. PCG released a statement Monday…
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May 5, 2025
Hanwha Ocean, a South Korean shipbuilder, hopes to increase its revenue from overseas naval vessels to 4 trillion won (2.91 billion dollars) by 2030. It also hopes to receive more repair orders from U.S. Navy. After President Donald Trump's executive order to restore U.S.
