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…
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…
Posted to Maritime Reporter
on
June 26, 2025
The shares of European defence companies rose on Thursday, after NATO leaders supported the demand for increased defence spending by U.S. president Donald Trump on Wednesday. At 0814 GMT on Friday, German company Rheinmetall, and Italian Fincantieri…
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.
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.
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.
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.
Posted to Maritime Reporter
on
June 24, 2025
The Seattle Mariners beat the Minnesota Twins 6-5 on Tuesday in Minneapolis, thanks to Julio Rodriguez's two runs and a game-breaking sacrifice fly. Donovan Solano, who also scored two runs in Seattle's third consecutive win, was the other player to contribute.
Posted to Maritime Reporter
on
June 24, 2025
The team announced on Tuesday that French sailing legend Charlie Dalin would miss the entire racing season of 2025 due to health issues. British skipper Sam Goodchild will take over the helm at the IMOCA MACIF Sante Prevoyance Yacht. Despite this year's Vendee Globe champion being absent…
Posted to Maritime Reporter
on
June 24, 2025
Euronext Wheat Futures dropped sharply on February 2, as traders reported that a tentative ceasefire agreement between Israel and Iran reduced war concerns, while the build-up to large harvests in Northern Hemisphere was maintaining supply pressure.
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…
Posted to Maritime Reporter
on
June 23, 2025
According to LSEG, the amount of natural gases flowing to U.S. liquefied gas company Cheniere Energy’s Sabine Pass Export Plant in Louisiana is on track to reach a preliminary 3-week high on Monday. Energy traders noted that an increase in gas…
Posted to Maritime Reporter
on
June 23, 2025
Insurance sources reported on Monday that war risk insurance rates for shipments into the Middle East Gulf region have increased to 0.5%, up from 0.2-0.3% one week earlier. This is due to U.S. strikes on Iran's nucleus facilities and the growing dangers to the Strait of Hormuz.
Posted to Maritime Reporter
on
June 23, 2025
European traders reported on Monday that the Algerian state agency ONAB had issued a tender for a new international purchase of 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 Tuesday 24th June.
Posted to Maritime Reporter
on
June 23, 2025
Oil prices dropped 1% on Monday, after reaching a five-month peak. Markets were trying to gauge the effect of U.S. airstrikes on Iran over the weekend on the transit of oil and natural gas through the Strait of Hormuz. Brent crude futures fell 70 cents or 0.9% to $76.31 per barrel at 10:46 am ET.
Posted to Maritime Reporter
on
June 23, 2025
Marine Traffic's ship tracking data revealed on Monday that three empty oil and chemicals tankers had diverted from the Strait of Hormuz, and changed their course. This was amid increasing uncertainty about whether Iran would retaliate in the crucial waterway following U.S.
Posted to Maritime Reporter
on
June 23, 2025
Data provided by Italian authorities shows that Italy has frozen Russian assets worth around 2.3 billion euro ($2.64 billion), with the latest seizures taking place at the beginning this month. Italy has seized bank accounts, yachts, luxury…
Posted to Maritime Reporter
on
June 23, 2025
The Agriculture Ministry announced on Monday that Egypt imported 4.9 millions metric tons wheat, 4.2million tons corn, and 2.2million tons soybeans this year. Egypt imported 7.1 million tonnes of wheat last year, along with 4 million tons corn and 1.8 millions tons of soybeans, from January to June.
Posted to Maritime Reporter
on
June 22, 2025
Iran's Supreme National Security Council will make the final decision about whether the Strait of Hormuz is closed following U.S. airstrikes, Press TV reported on Sunday. The move was reportedly supported by the Iranian parliament. Iran has used the threat to close the Strait of Hormuz…
Posted to Maritime Reporter
on
June 21, 2025
The Russian Embassy in Mexico announced on Saturday that it was ready to share its energy technologies and supply Mexico with liquefied gas. "We already work with Mexico." "We have excellent LNG technology, and we're ready to share this technology and supply LNG too…
