Posted to Maritime Reporter
on
March 3, 2026
Trade officials reported that about 400,000 metric tonnes of Indian Basmati rice is backed up at ports and in transit and export deals are drying up as freight rates have doubled since U.S. and Israel attacked Iran on the weekend. India is the largest exporter of aromatic basmati rice in the world.
Posted to Maritime Reporter
on
March 3, 2026
South Korea's Major Feedmill Group (MFG), in a private deal late on Friday, purchased?68,000 tons of animal feed corn in addition to the 135,000 tons it had bought earlier that day in an international tender. The 68,000 tonnes is expected to be sourced from South Africa…
Posted to Maritime Reporter
on
March 3, 2026
According to European traders, the Busan section of the Korea Feed Association in South Korea bought around 65,000 metric tons??of??animal feed???corn on Friday. The corn was to be purchased at a cost of $251.05 per tonne, including freight and handling (c&f)…
Posted to Maritime Reporter
on
March 3, 2026
Swiss logistics group Kuehne und Nagel reported on Tuesday a '17%' drop in its recurring operating profits for 2025 and predicted likely flat or lower earnings this year due to an escalating Middle East conflict. The freight forwarder said it…
Posted to Maritime Reporter
on
March 2, 2026
Jeremy Nixon (CEO of Ocean Network Express) said that container ships accounted for about 100 of the 750 ships backed up around 'the Strait of Hormuz after U.S. Nixon told a container shipping conference in Long Beach California that "about…
Posted to Maritime Reporter
on
March 2, 2026
Analysts say that disruptions to the marine traffic in the Middle East Gulf could prevent the region's aluminium smelters not only from exporting their metal but also from receiving the raw materials needed to continue producing metal. Gulf…
Posted to Maritime Reporter
on
March 2, 2026
In February, a protracted crisis in Russia’s rail industry, driven by the slowing economy and sanctions, as well as global market pressures, deepened, adding to the strain on the debt-ridden?state rail monopoly. Freight volumes are a good indicator of the economy in Russia.
Posted to Maritime Reporter
on
March 2, 2026
The insurance companies have canceled war risk coverage on vessels in the Gulf due to the increasing conflict with Iran. This has caused at least four damaged tankers, two deaths of seafarers and 150 stranded ships around the Strait of Hormuz.
Posted to Maritime Reporter
on
March 2, 2026
Agro-Fisheries and Food Trade Corporation, a?state-owned corporation in South Korea. European traders reported on Monday that a?international tender has been issued to 'purchase' an estimated 74,382 tons of rice. About 33,300 tonnes of the total should be sourced in the United States…
Posted to Maritime Reporter
on
March 2, 2026
The General 'Food -Security -Authority (GFSA), Saudi Arabia's principal state purchasing agency, purchased around 794,000 metric tonnes of wheat on Monday in an international bid, according to the GFSA. The 655,000 tonnes sought in the tender was not met.
Posted to Maritime Reporter
on
March 2, 2026
A number of marine insurers have announced that they are cancelling their war risk coverage for ships because of the conflict in the Gulf and Iran. According to notices posted on their websites dated March 1, insurers such as?Gard?, Skuld?, NorthStandard?…
Posted to Maritime Reporter
on
March 2, 2026
S&P Global Platts, a company that reports oil prices, has suspended bids and offers to assess the price of Middle East refined products transiting the Strait of Hormuz due to the shipping disruptions resulting from the U.S./Iran conflict. The note was sent on Monday.
Posted to Maritime Reporter
on
March 1, 2026
As the Iran conflict disrupted shipping through the Strait of Hormuz and a rise in oil prices is expected when trading resumes Monday, Asian governments and refiners have been rushing to assess their oil stocks and alternative routes. Asia is…
Posted to Maritime Reporter
on
February 27, 2026
According to European traders, the Korea Feed Association (KFA) purchased 66,000 metric tons of animal feed?corn? in a private transaction on Friday. Trading house Olam was said to have bought the corn that would have been sourced from South America, the United States or South Africa.
Posted to Maritime Reporter
on
February 27, 2026
South Korea's Major Feedmill Group (MFG), according to European traders, has so far purchased about 135,000 metric tonnes of animal -feed corn in a?international?tender that sought up to 210,000 metric tons on Friday. Traders said that it was possible for more purchases to be made.
Posted to Maritime Reporter
on
February 26, 2026
Sources familiar with the transaction said that Saudi Aramco’s U.S. Trading division purchased a cargo?of Venezuelan Boscan heavy crude for delivery in March, marking its first purchase of this heavy crude suitable for asphalt production. One…
Posted to Maritime Reporter
on
February 26, 2026
Major Feedmill Group in South Korea (MFG) issued an international tender for the purchase of up to 210,000 tons of animal feed corn. The deadline for price offers is this Friday, February 27, 2019. Three consignments of between 55,000 and 70,000 tons are required.
Posted to Maritime Reporter
on
February 26, 2026
Nonghyup Feed Inc., a leading South Korean animal feed manufacturer, bought 135,000 metric tonnes of animal feed corn at an international tender on Thursday. Two consignments have been?purchased?, both for arrival in South Korea on July. The…
Posted to Maritime Reporter
on
February 26, 2026
The Turkish grain 'board TMO?purchased?about 350,000 metric tonnes?of animal feed corn in a?international tender held on Thursday. Final confirmation of the purchase will be made in the next few days. Purchases made at the beginning can be?reduced or?cancelled?completely.
Posted to Maritime Reporter
on
February 26, 2026
OPEC+ will meet on Sunday to decide its next production step amid increased geopolitical 'friction' affecting almost a third its output. This volatility could give the group the cover it needs to maintain its narrative of a balanced market, even if the reality on the ground suggests otherwise.
