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Abu Dhabi continues to outperform as IHC extends its gains

Posted to Maritime Reporter on November 15, 2024

The stock markets of the United Arab Emirates rose Friday. Abu Dhabi's Index outperformed the other two due to a rise in shares by its largest listed company, International Holding Company. Abu Dhabi's benchmark Index settled 0.5% higher thanks…

Canada - Nov 15

Posted to Maritime Reporter on November 15, 2024

These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. After the Canadian Union of Postal Workers and Canada Post failed to agree on a new collective contract…

China claims Philippines sent supplies to disputed Shoal

Posted to Maritime Reporter on November 14, 2024

China claimed on Friday that the Philippines sent supplies to an stranded warship at Second Thomas Shoal in the South China Sea, which is a disputed island. In a separate press release, the Phlippine Coast Guard stated that it had rotated the…

No. Tulane and Navy clash in crucial AAC game

Posted to Maritime Reporter on November 14, 2024

The American Athletic Conference Championship game will be played on December 6 and a spot in that game is at stake when Navy plays No. Tulane will play at Annapolis, Md. on Saturday. Tulane, which beat Arizona State and Iowa State in Tuesday's second College Football Playoff rankings…

Algeria issues new tender after claiming to have passed on 240,000 T of corn

Posted to Maritime Reporter on November 14, 2024

European traders reported on Thursday that the Algerian state agency ONAB did not purchase any animal feed corn in an auction which ended on Wednesday. The tender was for up to 240.000 metric tons of corn only sourced from Argentina and Brazil.

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

Posted to Maritime Reporter on November 14, 2024

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 offers for the tender is November 20. Jordan's failure to purchase 120…

Hapag-Lloyd CEO says Trump's election win is a mixed bag for shipping

Posted to Maritime Reporter on November 14, 2024

Hapag-Lloyd's CEO said that Donald Trump's election as U.S. president sends mixed signals to global shipping. Positive macroeconomic effects could be offset by damaging tariffs. When asked about the prospects of a Trump Administration, CEO Rolf Habben Jansen said…

South Korea's MFG purchased around 65,000 feed grains from the U.S.

Posted to Maritime Reporter on November 14, 2024

Major Feedmill Group, a South Korean company, purchased approximately 65,000 metric tonnes of animal feed wheat from the United States on Wednesday in a deal that was not subject to an international tender. A consignment of a shipment was purchased for an estimated $261.74 per ton c&f…

Russian rescuers bring a killer whale back to the sea

Posted to Maritime Reporter on November 14, 2024

The Russian emergency situation ministry announced that on Thursday, Russian rescuers brought back a young female killer whaling to the Sea of Okhotsk after it washed up in the Far East. The ministry released a video showing a killer whale stranded on sand that was covered in snow.

As Russian trade spreads, EU wheat exports move westwards

Posted to Maritime Reporter on November 13, 2024

Traders said that the European Union is increasingly focusing its wheat exports on the west side of Africa, after Russia dominated major markets in North Africa and Middle East. EU shipments of soft wheat or common wheat are 30 percent below their previous year's level.

EU Wheat Prices Fall as Black Sea Competition Limits Exports

Posted to Maritime Reporter on November 13, 2024

The European wheat price fell on Wednesday as a result of the continued competition between Russia and Ukraine. Benchmark December milling grain on Paris' Euronext dropped by 1.5% at 1613 GMT to 211.00 Euros, also being dragged lower by a fall in Chicago wheat futures.

US East Coast and Gulf Coast ports employer: No significant progress made on contract issue

Posted to Maritime Reporter on November 13, 2024

This week, the union representing dockworkers on the East Coast and Gulf Coast and a group of employers conducted a second round of contract negotiations. However, they failed to make any significant progress in some key areas. The International…

Senior Russian Naval officer killed in car explosion claimed by Kyiv

Posted to Maritime Reporter on November 13, 2024

On Wednesday, a bomb placed under a car in the occupied Crimean city of Sevastopol exploded and killed a senior Russian navy officer. A Kyiv-based security source claimed that this was an attack by Ukraine on its most important target to date.

South Korea's MFG purchases 60,000 metric tonnes soymeal from traders

Posted to Maritime Reporter on November 13, 2024

Major Feedmill Group of South Korea (MFG) bought about 60,000 tons of soymeal on Wednesday in a private transaction, without an international tender. The estimated cost and freight per ton was $373.42, including the surcharge for port unloading. Trading house Olam was thought to be the seller.

South Korea's NOFI purchases about 60,000 T of soymeal from traders

Posted to Maritime Reporter on November 13, 2024

European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc. purchased approximately 60,000 metric tonnes of soymeal at an international auction on Wednesday. The estimated price was $379.49 per ton, cost and freight included.

Nexans, a manufacturer of offshore wind cables, says that it could turn its US facility into an export hub

Posted to Maritime Reporter on November 13, 2024

Nexans announced on Wednesday that it would convert its U.S. plant into an export center if Donald Trump's second term as president brought challenges to the offshore wind industry. In Charleston, South Carolina, the French power and data cables specialist makes underwater cables for the U.S.

Senior Russian Naval officer killed in car explosion claimed by Kyiv

Posted to Maritime Reporter on November 13, 2024

On Wednesday, a bomb placed under a car in the occupied Crimean city of Sevastopol exploded and killed a Russian soldier. A Kyiv-based security source claimed that this was an attack by Ukraine on a senior naval officer accused of war crime.

Ferretti Yachts reduces its full-year forecast pending US orders confirmation

Posted to Maritime Reporter on November 13, 2024

Ferretti, the luxury Italian yacht manufacturer, reduced Wednesday its guidance for full-year adjusted core profit (EBITDA), and revenue pending confirmations of U.S. yacht orders in its "composite segment". Ferretti's "Composite Yachts" are the smallest yachts in its three product lines.

Siemens Energy and RWE warn against Trump's impact on the US offshore wind industry

Posted to Maritime Reporter on November 13, 2024

Two of the biggest renewables companies in the world warned on Wednesday of potential challenges for the U.S. off-shore wind sector under Donald Trump's presidency, pointing out possible delays for the technology that the president elect has criticized. RWE is the No.

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

Posted to Maritime Reporter on November 13, 2024

The state grain buyer of Jordan has announced an international tender for up to 120,000 tons of milling whey that can come from any origin, European traders reported on Wednesday. The deadline to submit price proposals in the tender is November 19.

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