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Russell: Iron ore remains calm despite China's uncertainty and US tariff turmoil

Posted to Maritime Reporter on July 8, 2025

In recent months, iron ore prices have remained stable despite increasing uncertainty about the future of the steel raw material. The benchmark Singapore Exchange contract closed at $95.25 per metric ton Monday. This is down from $95.89 the previous day…

Treasury: US to reduce exports of LPG from Venezuela

Posted to Maritime Reporter on July 7, 2025

The U.S. Treasury Department announced on Monday that the Trump administration had revoked a license that allowed shipments of LPG to Venezuelan state energy company Petroleos de Venezuela SA. The gas can be discharged until September 5 if it was loaded onto a vessel before or on July 7.

Jordan offers to purchase up to 120,000 tonnes of wheat, traders claim

Posted to Maritime Reporter on July 3, 2025

Jordan's state grain purchaser has announced an international tender for up to 120,000 tons of milling whey that can come from optional origins. The deadline for submitting price offers is July 15, 2015. The new tender seeks to ship consignments between October 1-15 (or 16-31)…

Jordan to purchase 120,000 T of feed barley, traders claim

Posted to Maritime Reporter on July 3, 2025

European traders reported on Thursday that Jordan's state grain buyer has issued an international tender for the purchase of up to 120,000 tons of animal feed barley. Traders had expected a new announcement after Jordan failed to purchase 120,000 tons barley in its previous tender on Wednesday.

Jordan does not purchase 120,000 T of barley, traders claim

Posted to Maritime Reporter on July 2, 2025

European traders claim that Jordan's state grain purchaser is not believed to have purchased any barley in the international tender for animal feed barley, which closed on Tuesday. Traders said that three companies participated in the bid: Viterra Olam and Agrocorp.

Jordan purchases 60,000 metric tonnes wheat in tender, traders claim

Posted to Maritime Reporter on July 1, 2025

In an international auction held on Tuesday, Jordan's state grain buyer bought about 60,000 metric tonnes of hard milling whey from optional origins. They said that it was estimated to have been purchased from Bulgarian Trading House Buildcom…

Algeria offers to purchase up to 240,000 T of corn, traders claim

Posted to Maritime Reporter on July 1, 2025

On Tuesday, European traders reported that the Algerian state agency ONAB had issued a tender for up to 240.000 metric tons animal feed corn from optional origins. They said that the deadline for submitting price offers to the tender is on Wednesday, July 2.

The price of Russian ESPO Blend oil remains stable despite strong demand

Posted to Maritime Reporter on July 1, 2025

Four traders reported on Tuesday that the premiums for ESPO blend crude oil shipping from Russia's Kozmino Port late in July or early August to China are unchanged compared with those for earlier in the month. The Chinese said that the premium over ICE Brent was greater than $2 per barrel…

South Korea's MFG purchases about 120,000 T of soymeal according to traders

Posted to Maritime Reporter on June 30, 2025

Major Feedmill Group of South Korea (MFG) bought approximately 120,000 metric tonnes of soymeal in an auction on Monday. The soymeal could have been sourced from the United States or South America, but also China, traders reported. Both consignments of 60…

As the heatwave continues, low water levels are hampering shipping on Germany's Rhine River.

Posted to Maritime Reporter on June 30, 2025

Commodity traders reported on Monday that a heatwave in Western Europe had lowered the water level on Germany's Rhine River. This has affected shipping and increased freight costs for cargo owners as their vessels could not sail fully loaded.

Jordanian traders claim that they will buy up to 120,00 T of feed barley.

Posted to Maritime Reporter on June 30, 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 to submit price offers for the tender is on Wednesday, July 2.

South Korea's NOFI offers up to 60,000 tonnes of soymeal

Posted to Maritime Reporter on June 30, 2025

European traders reported on Monday that the leading South Korean animal feed manufacturer Nonghyup Feed Inc. (NOFI) had issued a tender for up to 60,000 tons of soymeal, sourced from South America or China. They said that the deadline for submitting price offers to the tender is also on Monday…

Jordan offers to purchase up to 120,000 tonnes of wheat, traders claim

Posted to Maritime Reporter on June 30, 2025

Jordan's national grain buyer issued an international bid to purchase up to 120,000 tons of milling, wheat that can come from any origin, European traders reported on Monday. The deadline to submit price offers for the tender is Tuesday July 1.

South Korean mills purchase 50,000 tons wheat from US traders, traders claim

Posted to Maritime Reporter on June 27, 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 Friday. The purchase included several wheat varieties and all…

South Korean mills purchased 32,000 T of wheat from the US

Posted to Maritime Reporter on June 27, 2025

On Friday, European traders reported that a group of South Korean mills purchased an estimated 32,000 tons of milling grain to be imported from the United States. This purchase included several wheat varieties and all were purchased on a FOB…

Trump says US oil sanctions against Iran may need to be eased to rebuild the country

Posted to Maritime Reporter on June 25, 2025

Donald Trump stated on Wednesday that the U.S. had not ceased its maximum pressure against Iran, including restrictions on the sale of Iranian oil. However, he indicated a possible easing in enforcement for the benefit of the country's rebuilding.

Bangladesh Books 50,000 Tons of Wheat in Tender

Posted to Maritime Reporter on June 25, 2025

Bangladesh approved the purchase 50,000 metric tonnes of wheat as part of an import tender that sought the same volume and closed on June 22. The Finance Ministry announced this on Wednesday. Cereal Crops Trading House, a trading company, bought the wheat at $275.00 a ton.

South Korea's MFG purchases approximately 266,000 metric tonnes of corn, traders claim

Posted to Maritime Reporter on June 25, 2025

European traders reported that the Major Feedmill Group (or MFG) of South Korea purchased approximately 266,000 metric tonnes of animal feed corn at an international auction on Wednesday. Four consignments were purchased for South Korea's arrival in September and October.

China and India switch to higher-grade coal; Indonesian imports reduced

Posted to Maritime Reporter on June 25, 2025

China and India, the two largest thermal coal importers in the world, are cutting back on Indonesian shipments in favor of more energy-dense grades imported from other countries. This is because a fall in global coal prices has made high-quality coals more competitive.

Trump says China may continue to buy oil from Iran

Posted to Maritime Reporter on June 24, 2025

Donald Trump stated on Tuesday that China could continue to buy oil from Iran, after the U.S. attacked the OPEC members nuclear facilities. He also hoped China would purchase "plenty" from the United States. "China can continue to buy Oil from Iran." "Hopefully…

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