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September 24, 2025
European traders reported on Wednesday that Algeria's state grain agency OAIC purchased approximately 600,000 metric tonnes of milling wheat at an international auction on Tuesday. Estimates of the purchase ranged up to 690 000 tons. The trader estimates were mostly between 500…
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September 26, 2025
A trading executive who has direct knowledge of this deal confirmed that the Asian trading firm Cathay Petroleum had agreed to an annual marketing deal for Brazilian crude oil throughout the Asia-Pacific region on behalf of independent producer Prio.
Posted to Maritime Reporter
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September 24, 2025
According to a U.N. Trade and Development Agency report released on Wednesday, the shipping industry is experiencing significant volatility due to rising geopolitical tensions and disruptions brought about by a wave new tariffs. UNCTAD's maritime…
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September 24, 2025
European traders reported on Wednesday that Algeria's state grain agency OAIC purchased approximately 600,000 metric tonnes of milling wheat at an international auction on Tuesday. Some estimates put the number at 700,000-720,000 tons. This compares to the traders' estimates of mainly between 500…
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September 23, 2025
European traders reported that Algeria's state grain agency OAIC bought milling wheat at an international auction that ended on Tuesday. They said that the initial cost of a metric tonne, including freight and costs, was $259, 260, and 261.
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September 21, 2025
European traders reported on Sunday that Algeria's OAIC, the state grain agency of Algeria, has launched an international tender for soft milling wheat sourced from origins other than Algeria. Algeria usually buys more than the nominal amount sought in its tenders.
Posted to Maritime Reporter
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September 12, 2025
The United States announced a new round of sanctions on Yemen's Houthis, claiming that it was the largest action Washington has taken against the Iran-aligned organization. The U.S. Treasury Department announced that it would issue sanctions against 32 people and entities…
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September 11, 2025
Thursday, the United States announced a new round of sanctions against Yemen's Houthis. The Trump administration claimed that this was the largest action Washington has taken to date in response to the Iran-aligned organization. In a press release, the U.S.
Posted to Maritime Reporter
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September 11, 2025
European traders reported on Thursday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline for submitting price offers is September 17. The traders had…
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September 11, 2025
"Octopus!" The crew of Sea Eagle shouted "Octopus!" as a cephalopod crawled out of a pot of plastic they had dug up from the seabed near northern Greece. The octopus was caught in a trap that was illegal moments earlier. Its rescuers stretched…
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September 10, 2025
In a Wednesday bulletin, the Panama Canal Authority reported that the number of ships passing through the canal decreased slightly from 32.6 to 32.5 per day on average in August. The number of slots available per day has not been fully allocated…
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September 10, 2025
The Indian ACME Group and Japan's IHI Corp will form a joint venture to develop one of India's largest green-ammonia projects, located in the state of Odisha in the east. The companies have not disclosed the exact details of their investment.
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September 9, 2025
BAE Systems, a British company, said that it aims to launch an autonomous submersible by 2026. This is in response to the growing concern of countries about threats underwater, after a series attacks on submarine cables. BAE successfully tested the Herne sub product last year.
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September 8, 2025
Japan's Topix stock gauge hit a new record high on Monday, as the yen fell and bonds with longer maturities fell after Prime Minister Shigeru Shiba's resignation fuelled speculation that his successor would increase government spending. The Topix index jumped by as much as 1,3% to a record 3,146.58.
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September 8, 2025
European traders reported on Monday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline for submitting price offers is September 10. Traders had expected a new announcement after Jordan failed to purchase 120…
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August 28, 2025
Austal, an Australian company, reported a sixfold increase in annual profit, thanks to increased U.S. shipbuilding orders, which sent its shares up to a new record high. The shipbuilder, which also makes defence vessels, posted a net profit of A$89.7 (US$58.3 million)…
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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.
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September 7, 2025
Japan's Topix stock gauge hit a new record high on Monday, while the yen fell and bonds remained firm after Prime Minister Shigeru Shiba resigned. This fueled speculation that his successor would increase government spending. The Topix index jumped by as much as 1,2% to a record 3,142.
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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…
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August 26, 2025
Singapore's Keppel initiated arbitration proceedings on Tuesday against the local shipbuilder Seatrium over a S$68.4million ($53.33million) claim relating to a Brazilian corruption crackdown. Seatrium made a provision of S$82.4m in 2022 to pay Keppel for claims relating to Operation Car Wash…
