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May 5, 2025
Major Feedmill Group of South Korea (MFG) bought between 65,000 and 70,000 metric tonnes of animal feed corn late last week in a private transaction without issuing a tender to the international market, European traders reported on Monday. The estimated cost per ton was $248.40, including freight.
Posted to Maritime Reporter
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May 5, 2025
State media reported that nine people were killed when "sudden powerful winds" capsized 4 tourist boats in Southwestern China and swept 84 people into water. The Xinhua News Agency reported that a person was still missing and the search for her was continuing…
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April 29, 2025
China's Navy conducted a South China Sea patrol on Tuesday. It claimed that the Philippines was creating "disturbances", and conducting its own patrols in conjunction with other countries. China, which claims nearly the entire South China Sea…
Posted to Maritime Reporter
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April 29, 2025
State media KCNA reported that North Korea conducted the first test firing of the weapon system of its new "Choe-Hyon-class" of warships earlier this week. The report stated that artillery and cruise missiles were fired during the test firing attended by Kim Jong Un…
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April 29, 2025
Petrobras, the Brazilian state-owned energy giant, said that it was looking to attract new Chinese investment to Brazil's oil, gas and naval sectors, particularly, on Tuesday as its Chief executive Magda Chambriard visited the Asian country.
Posted to Maritime Reporter
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April 29, 2025
In an international auction held on Tuesday, the Major Feedmill Group of South Korea (MFG) bought approximately 66,000 metric tonnes of animal feed corn, which could have been sourced from either the United States, South America, or South Africa.
Posted to Maritime Reporter
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April 28, 2025
Maeil Business Newspaper reports that the state-run Korea Development Bank of South Korea plans to sell its Hanwha Ocean shares. The newspaper, without citing any sources, reported that KDB planned to divide its 19,5% stake in the shipbuilder after a bookbuilding on Monday.
Posted to Maritime Reporter
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April 28, 2025
On Monday, a senior South Korean official said that Seoul will not agree to a package of trade deals with Washington before the June 3 presidential elections. He also noted the challenges in reaching an agreement even by early July. Seoul's…
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April 28, 2025
The Philippines denied on Monday that news reports claiming Beijing had seized control over a reef in dispute in the South China Sea were true, after their personnel landed and discovered no Chinese presence on the unoccupied sandbars. The Chinese…
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April 28, 2025
On Monday, a senior South Korean official ruled out the possibility of a deal being reached with the United States before the presidential elections in the Asian nation on June 3. He also noted that reaching an agreement even by early July would be difficult.
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April 28, 2025
South Korean companies Korea Midland Power Co. (KOMIPO), Korea Southern Power Co. (KOSPO), and SK subsidiary PRISM Energy International, have released a tender to purchase one liquefied gas (LNG). The cargo is due for delivery in the month of June.
Posted to Maritime Reporter
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April 25, 2025
North Korean leader Kim Jong Un was at a launch ceremony of a new multipurpose destroyer, according to KCNA. Jo Chun Ryong was quoted by the Workers' Party as saying that the 5,000-tonne ship was built with "our own technology and strength" in 400 days.
Posted to Maritime Reporter
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April 25, 2025
According to a congressional aide and a document, Republicans in the U.S. Congress are planning to introduce a sweeping 150 billion dollar defense package. This will provide an initial boost of $27 billion to President Donald Trump’s controversial Golden Dome shield missile defense system.
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April 24, 2025
Seoul's trade delegation announced after the first round in Washington that the United States and South Korea had agreed to create a package of trade measures aimed at removing any new U.S. duties before the reciprocal tariff pause is lifted in the month of July. Scott Bessent, U.S.
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April 24, 2025
Seoul's trade delegation announced that the United States and South Korea had agreed to develop a package of agreements aimed at removing any new U.S. duties before the reciprocal tariff pause is lifted in July. Scott Bessent, U.S. Treasury secretary…
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April 24, 2025
Treasury Secretary Scott Bessent described the U.S.-South Korea meeting as "very successful", after the two countries began trade negotiations with Seoul, which was seeking to reduce the tariffs that President Donald Trump wants to impose. Bessent…
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April 24, 2025
China's Military said Thursday it had sent naval and air force to monitor and warn an U.S. guided-missile destroyer which sailed along the Taiwan Strait. About once a week, the U.S. Navy transits the Strait, sometimes accompanied by ships of allied nations.
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April 24, 2025
On Thursday, a South Korean delegation is expected to meet with U.S. counterparts for an initial round of trade negotiations. The agenda will likely include cooperation in shipbuilding, energy, and perhaps shared defence costs as Seoul seeks to lower tariffs. South Korea, facing 25% reciprocal U.S.
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April 21, 2025
Han Duck-soo, the acting president of South Korea, said that he expects the trade talks to begin this week with the United States in Washington. However he added that the negotiations may not be simple. Han stated that the South Korean ministers of Finance and Industry will meet U.S. Treasury Sec.
Posted to Maritime Reporter
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April 17, 2025
The Philippine Coast Guard reported on Thursday that four people, including one Chinese national, were killed and seven are still missing after a 25-person dredging boat capsized in a province of western Philippines two days earlier. PCG stated that the MV Hong Hai 16 had 2…
