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Wednesday, March 4, 2026

Maritime Blogs

Japan imports rare earths from China fell 5.7% year-on-year in January

Posted to Maritime Reporter on February 26, 2026

According to calculations by 'Mizuho Research & Technologies', based upon a report from the Ministry of Finance, Japanese imports of China rare earths fell 5.7% in January compared to a year ago. It wasn't immediately clear if the decline in…

Motiva purchases cargoes of Venezuelan heavy crude oil for delivery in March; first purchase made since 2019

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…

Palanad 4 wins Caribbean 600 with IRC Zero title

Posted to Maritime Reporter on February 26, 2026

Antoine Magre’s Palanad 4 won the IRC Zero race in a Caribbean?race determined by tactical 'nerves' and sustained speed. The boat posted the?best corrected?time after two days, ten hours and 32 minute of intense sailing. James Neville's British…

South Korea's MFG bids up to 210,000 tonnes of corn, traders claim

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.

South Korea's NOFI purchases approximately 135,000 tons of corn in an auction, traders claim

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…

Turkey buys 350,000 tonnes of corn at tender in a provisional bid, traders report

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.

Bousso: Geopolitical turmoil provides OPEC+ with cover to increase production cautiously.

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.

Orban, Orban: EU should go and verify damage to Druzhba Pipeline

Posted to Maritime Reporter on February 26, 2026

Hungarian PM Viktor Orban asked the EU on Wednesday for a fact-finding mission to assess damage to the 'Druzhba' oil pipeline in Ukraine. A letter seen by revealed that this might help unlock new EU funding for Ukraine. Orban acknowledged the…

South Korea's NOFI purchases approximately 135,000 tons of corn in an auction, traders claim

Posted to Maritime Reporter on February 26, 2026

Nonghyup?Feed?Inc. is a leading South Korean animal feed manufacturer. (NOFI) purchased an estimated 135,000 tons of animal?feed?corn at a?international tender on Thursday. Both consignments are due to arrive in South Korea by July. The total…

Saudi Arabia announces tender for the purchase of 655,000 metric tonnes of wheat

Posted to Maritime Reporter on February 26, 2026

Saudi Arabia has announced a tender to purchase 655,000 metric tons of wheat. The General Food Security Authority, Saudi Arabia's state grain buying agency, made the announcement on Thursday. According to the GFSA, the delivery of 'the wheat' is planned for a period between May and July.

First time in 2020, the cost of oil tankers between Asia and the Middle East exceeds $200 per day

Posted to Maritime Reporter on February 26, 2026

LSEG data revealed that the cost of hiring a'very large crude carrier' to transport a?2,000,000 barrels a day from the?Middle East into?China on Thursday exceeded $200,000 a daily for the first since 2020. On the Worldscale industry measurement used to calculate freight rates…

Traders say that Turkey has received offers for the 350,000 tons of corn tender.

Posted to Maritime Reporter on February 26, 2026

Initial assessments by traders indicate that the lowest price offered in the first round of the tender for 350,000 metric tons of animal feed corn was $248.80 per metric ton, including freight. Bek Tarim, a trading house, was said to have made the offer for shipment of 26…

South Korea's NOFI offers to purchase up to 138,000 metric tonnes corn

Posted to Maritime Reporter on February 26, 2026

European traders reported on Thursday that the leading South Korean feedmaker Nonghyup Feed Inc., (NOFI), has issued an international bid to purchase up 138,000 metric tonnes?of animal feeding corn. The deadline to submit price offers for the tender is Thursday, 26th February.

Bousso: Geopolitical turmoil provides OPEC+ with cover to increase production cautiously.

Posted to Maritime Reporter on February 26, 2026

OPEC+ will meet on Sunday to decide its next production step amid increased geopolitical tensions that affect nearly a third?of?its output. This volatility could give the group the cover it needs to maintain its narrative of a balanced market, even though the facts in the field suggest otherwise.

CMB Tech, a shipping group, beats expectations in its fourth-quarter core profit.

Posted to Maritime Reporter on February 26, 2026

CMB Tech reported fourth-quarter earnings that were above market expectations on Thursday, as a robust tanker and dry bulk markets allowed the Belgian Shipping Group to secure charters and sell older ships at high prices. EBITDA (earnings before 'interest…

Ireland looks to closer collaboration with NATO neighbors in order to deal with maritime threats

Posted to Maritime Reporter on February 25, 2026

Ireland plans to increase radar and subsea monitoring capabilities, and work more closely with NATO members in the face of hybrid threats arising from the North Atlantic. This was revealed by the country on Wednesday as part of its first maritime strategy.

Algerian traders claim that the country bought 600,000 tons of wheat at a tender.

Posted to Maritime Reporter on February 25, 2026

Algeria's state grain agency OAIC reportedly purchased?600,000.00 metric tons milling wheat during a tender that closed on?Tuesday. Negotiations continued on Wednesday. Traders said that the purchase price was between $259 and 260 per ton, including freight (c&f).

Source: Kazakhstan's daily oil production and condensate output has risen by 40% in February.

Posted to Maritime Reporter on February 25, 2026

A source familiar with these data said on Wednesday that Kazakhstan's oil production and gas condensate increased sharply in the first two weeks of February. It reached a record 1.8 million barrels per day compared to 1.27 million in January.

The founder of China's JD.com launches a yacht brand

Posted to Maritime Reporter on February 25, 2026

Richard Liu, founder of Chinese online giant JD.com has launched Sea Expandary as an independent yacht brand. The goal is to build "100% green yachts" that are affordable for 'ordinary families. Liu said he would invest 5 billion yuan (690 million…

Iberdrola plans to extend the nuclear fleet of Spain.

Posted to Maritime Reporter on February 25, 2026

Iberdrola's chief expects the company to ask for a similar extension of the life of all nuclear reactors in Spain, following a request made previously for the Almaraz plant. The debate about nuclear power in Spain was re-ignited by a major blackout that occurred in April.

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