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March 18, 2025
VTB CEO Andrei Kostin announced on Tuesday that the deal for VTB to buy the Zvezda Shipbuilding Yard from Rosneft has fallen through because VTB-owned United Shipbuilding Corporation cannot finance the purchase. VTB currently runs USC, Russia’s largest shipbuilder.
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March 17, 2025
Cyprus's national broadcaster reported that seven bodies were recovered from the sea off Cyprus after authorities launched a search-and-rescue operation in response to a capsize of a boat containing migrants. The broadcaster reported that an unspecified number were believed to have gone missing.
Posted to Maritime Reporter
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March 17, 2025
The oil prices rose on Monday as the United States pledged to continue attacking the Houthis in Yemen until they stop their attacks on shipping. Meanwhile, Chinese economic data fueled hopes of higher demand. Donald Trump, the President of the United States…
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March 16, 2025
Sonar operators in the control room on the American Virginia-class attack submarine USS Minnesota off the coast of Western Australia adjust to the chattering of dolphins. This is a new area where U.S. subs will be increasing their presence.
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March 15, 2025
Peter Burling, the skipper of New Zealand's SailGP team, took two victories out of four races in the sunny and breezy conditions of Los Angeles Harbour on Saturday. New Zealand, which won the first race in Dubai, took the top spot on the final day with 31 points.
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March 14, 2025
Thyssenkrupp said it is pursuing a plan to spin off a minority stake of its warship division. The newly created holding will be listed at the Frankfurt Stock Exchange. The company said it was in talks with the German Government about a possible…
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March 14, 2025
European traders reported that the Major Feedmill Group of South Korea (MFG) bought approximately 69,000 metric tonnes of animal feed corn from South America or South Africa at a Friday international tender. A consignment of a shipment was purchased at a cost and freight rate (c&f)…
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March 13, 2025
According to a Thursday statement, the China Shipowners' Association is against a U.S. proposal that would impose hefty entry fees at ports on ocean cargo carriers who own vessels or have ordered them from China. The association says it violates both international laws and U.S. law.
Posted to Maritime Reporter
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March 13, 2025
Next week, Argentina will begin a process to tender for 5-6 LNG cargoes to meet the gas demand in the coming winter of southern hemisphere. The bid process for five or six shipments will begin on March 17. Source: "The plan is to receive bids during the week of the 25th," said the source.
Posted to Maritime Reporter
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March 13, 2025
European traders reported that Tunisia's grain agency purchased approximately 100,000 metric tonnes of soft wheat at an international tender held on Thursday. Traders said that the lowest price for 25,000 tons of 25,000 tonnes sold by Casillo was $268.67 per ton, including cost and freight.
Posted to Maritime Reporter
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March 13, 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 to submit price proposals in the tender is on March 19. Traders…
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March 13, 2025
DP World, a Dubai owned ports and logistics firm, reported a 28% decline in annual profits on Thursday, citing increased finance costs. The company also highlighted an uncertain outlook because of "geopolitical risk" and a changing global trade landscape.
Posted to Maritime Reporter
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March 13, 2025
According to European traders, the Korea Feed Association in South Korea bought an estimated 65,000 tons of animal feed grain from worldwide sources in a private transaction late on Wednesday night without holding an international tender. The…
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March 13, 2025
Analysts and traders said that China will receive record soybean imports during the second quarter after delays in Brazilian shipments, and slow customs clearances, caused a shortage of supply, forcing several processors into a halt. According to a five-firm average…
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March 12, 2025
The Panama Canal Authority's Ricaurte Vaquez said in a Wednesday video conference that the fees for vessels passing through the canal this year were 15% lower than last year, as the waterway has more capacity. A severe drought that will occur…
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March 12, 2025
The state grain buyer of Jordan has announced an international tender for up to 120,000 tons of milling whey that can come from optional origins. The deadline to submit price proposals in the tender is 18 March. Traders had expected a new announcement after Jordan failed to purchase 120…
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March 12, 2025
Team Tidebound won on Tuesday, Gaimin Gladiators, and Xtreme Gaming also did to secure their berths for the PGL Wallachia 3, Romania playoffs. The three winners improved their record to 3-1 during the group stage. Team Liquid, Team Spirit and…
Posted to Maritime Reporter
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March 11, 2025
A senior executive of Nigeria's national oil company NNPC told reporters on Tuesday that Nigeria would be able meet OPEC production targets. Udobong Nitia is the executive vice president for upstream at NNPC. He said that after years of not meeting OPEC quotas Nigeria finally met them in January.
Posted to Maritime Reporter
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March 11, 2025
Saudi Arabia and Russia, the top crude oil exporters in Asia, are boosting their cargoes for the region that is world's largest importer. China, which is the largest oil importer in the world, has emerged as the ground zero of the two exporters…
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March 11, 2025
The spokesperson for the Sri Lankan cabinet said that the country has not changed its position on doing business in India with the Adani Group, and it welcomes any investment opportunities offered by the conglomerate. U.S. prosecutors indicted…
