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Daewoo begins building Turkmenistan fertilizer plant, official says

Posted to Maritime Reporter on October 16, 2025

Daewoo Engineering & Construction, a South Korean company, has started work on a $780 million project in Turkmenistan. Local television reported that Turkmenistan’s President Serdar Berndymukhamedov was present at a ceremony to mark the opening of the plant.

South Korea's MFG purchased another 70,000 tonnes corn in a private deal, traders claim

Posted to Maritime Reporter on October 15, 2025

Major Feedmill Group of South Korea (MFG) bought about 70,000 tons of animal feed in a private deal without issuing a tender on Wednesday, European traders reported. The corn could be sourced from South America, the United States or South Africa.

South Korea's MFG purchased 68,000 tons corn in a private deal, traders claim

Posted to Maritime Reporter on October 15, 2025

Major Feedmill Group of South Korea (MFG) bought 68,000 metric tonnes of animal feed corn on Wednesday in a private transaction without holding an international tender. The estimated cost and freight was $234.80 per ton plus an additional $1.50 for port unloading.

South Korea's KFA purchases approximately 131,000 tons of corn, traders claim

Posted to Maritime Reporter on October 15, 2025

European traders reported that the Korea Feed Association (KFA), a South Korean organization, purchased approximately 131,000 metric tonnes of animal feed corn at an international auction on Wednesday. The KFA was seeking up to 136,000 metric tons.

South Korean mills purchase about 50,000 tonnes of wheat from the US

Posted to Maritime Reporter on October 15, 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 Wednesday. The 45,000 tonnes of Canadian wheat that was also requested were not believed to have been purchased. The U.S.

South Korea's KFA offers up to 136,000 tonnes of corn, traders claim

Posted to Maritime Reporter on October 15, 2025

European traders reported on Wednesday that the Korea Feed Association of South Korea (KFA) had issued an international tender for up to 136,000 tons animal feed corn. Also, the deadline for submitting price offers to the KFA Incheon section's tender is Wednesday, October 15th.

Taiwan's MFIG purchases about 65,000 tons corn from US traders, traders claim

Posted to Maritime Reporter on October 15, 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 173.32 U.S.

Oil prices drop 1.5% due to tensions between the US and China, IEA warns of glut

Posted to Maritime Reporter on October 14, 2025

The oil prices dropped on Tuesday. They settled 1.5% lower, as the International Energy Agency warned about a massive supply glut in 2026 and trade tensions between the U.S., China and other major economies continued. Brent crude futures dropped…

New York Times Business News - October 14,

Posted to Maritime Reporter on October 14, 2025

These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. Patrick James, the chief executive officer of First Brands (an auto parts…

JPMorgan will invest up to $10 Billion in US National Security as part of $1.5 Trillion pledge

Posted to Maritime Reporter on October 13, 2025

JPMorgan Chase announced a plan to hire bankers to invest $10 billion into U.S. firms considered vital to national security, economic resilience and the economy. The plan is part of an overall $1.5 trillion pledge. This move is part a 10-year plan to finance…

The rift between China and the Philippines over South China Sea has deepened

Posted to Maritime Reporter on October 13, 2025

Under Ferdinand Marcos Jr., the relationship between Manila and Beijing has soured. Manila is now turning back to the United States for support in its maritime disputes against China. 2024 JAN 3: Philippines and U.S. conduct second joint patrol of South China Sea.

China's oil imports in September rose 3.9% year-on-year, but dropped 4.5% from August

Posted to Maritime Reporter on October 13, 2025

China's crude imports increased 3.9% from the previous year in September as refineries ran at their highest rates of utilisation this year. China, the world's biggest crude importer, imported 47.25 millions metric tons of oil during September…

South Korea's minister of defense says that North Korea received likely help from Russia in the form of submarines.

Posted to Maritime Reporter on October 12, 2025

South Korean defense minister Ahn Gyu back told the parliament on Monday that North Korea likely received technical assistance from Russia in its submarine development. North Korea has pledged to develop submarines capable of launching ballistic missiles.

As tensions rise, the Philippines accuses China that it rammed a vessel near an island disputed by both countries

Posted to Maritime Reporter on October 12, 2025

The Philippines has accused Chinese naval forces of using water cannons and ramming an occupied Philippine island near a Filipino vessel. They called the actions "clear threats" that escalate tensions in the disputed South China Sea. Three Filipino vessels…

China will start charging US vessels additional port fees as of October 14.

Posted to Maritime Reporter on October 10, 2025

China's Transport Ministry announced on Friday that vessels owned or operated or built in the United States, or those flying the U.S. Flag will be subject to additional port fees for each voyage as of October 14. The ministry stated that the fees were a countermeasure to upcoming U.S. Port fees.

US sanctions China refinery and others for Iran oil purchases

Posted to Maritime Reporter on October 9, 2025

On Thursday, President Donald Trump's administration announced that the U.S. had imposed sanctions against about 100 individuals and entities, including a Chinese refinery and terminal independent of China, which helped Iran in its oil and petrochemicals trading.

US container imports fall in September as Trump tariffs disrupt international trade

Posted to Maritime Reporter on October 9, 2025

Data released on Thursday revealed that U.S. containerized imports in September were down 8.4% compared to the same period last year, with a drop of 22.9% in goods imported from China. This was due to ongoing trade tensions caused by President Donald Trump's policies. U.S.

China and Malaysia to hold joint military exercise in October

Posted to Maritime Reporter on October 8, 2025

The Chinese Ministry of Defence and a media outlet affiliated with it announced that China and Malaysia would hold a joint exercise in Malaysia and the surrounding waters this month. The exercise will focus on disaster relief measures and fighting piracy.

Pentagon nominee: review of AUKUS sub project continues

Posted to Maritime Reporter on October 7, 2025

The Pentagon's nominee for senior Indo-Pacific official said that the U.S. Defense Department is continuing its review of the AUKUS program to provide Australia with a nuclear-powered sub. John Noh has been appointed assistant secretary. He…

North Korea's Kim Jong Un visits naval destroyer, KCNA says

Posted to Maritime Reporter on October 5, 2025

On Sunday, the North Korean leader Kim Jong Un toured a naval destroyer named Choe Hyon at a military show. The state-run media KCNA confirmed this on Monday. KCNA reported that Kim stated the navy must be ready to "completely deter, counter and punish enemy provocations".

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