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Sources: Sellers cancel Yulong oil refinery deals after UK sanctions

Posted to Maritime Reporter on October 23, 2025

Multiple sources said that several suppliers had cancelled sales to Yulong Petrochemical of Middle Eastern oil and Canadian crude after the UK imposed its sanctions. This is likely to force the refiner to purchase more Russian crude. The refiner is China's latest with a daily capacity of 400…

Airbus expects the world's freighter fleet to grow by 45% between 2044 and 2044

Posted to Maritime Reporter on October 22, 2025

Airbus announced on Wednesday that the global fleet of freighter aircraft will increase to 3,420 by 2040, or a 45% rise, thanks to the long-term growth in trade. This will consist of 815 freighters that are already in service and 2,605 new ones.

US Military Strikes suspected Drug Ship in the Pacific

Posted to Maritime Reporter on October 22, 2025

A U.S. official confirmed on Wednesday that the U.S. Military expanded its anti-drug campaign by striking a suspected drug ship in Pacific Ocean waters near South America late on Tuesday. This is the first U.S. military strike in the Pacific…

Algeria purchases milling wheat at tender, traders claim

Posted to Maritime Reporter on October 22, 2025

European traders reported that Algeria's state grain agency OAIC bought milling wheat at an international auction which ended on Wednesday. They said that the cost of a metric tonne, including freight and costs, was around $258.50. Initial estimates put the tonnage of the order at 500…

Algeria purchases milling wheat at tender, traders claim

Posted to Maritime Reporter on October 22, 2025

European traders reported that Algeria's state grain agency OAIC bought milling wheat at an international auction which ended on Wednesday. They said that the initial price of first purchases was around $258.50 per metric ton, including freight and cost.

EIA: US crude fuel inventories drop due to robust refining demand and US crude oil inventory decline

Posted to Maritime Reporter on October 22, 2025

Energy Information Administration reported on Wednesday that U.S. crude, gasoline, and distillate inventory fell last week due to increased refining and demand. The EIA reported that crude inventories dropped by 961,000 to 422.8 million in the week ending October 17.

Bangladesh bids again for 50,000 tons rice, traders claim

Posted to Maritime Reporter on October 22, 2025

On Wednesday, traders reported that Bangladesh's state grain buyer had issued a new international tender for the purchase of 50,000 metric tonnes of rice. The deadline to submit price offers is November 6, 2018. Bangladesh has also released a separate tender for 50…

EU lists two Chinese oil refineries and one trader as part of new Russia sanctions

Posted to Maritime Reporter on October 22, 2025

According to EU diplomatic sources, the 19th package against Russia of sanctions will include four companies that are involved in China's petroleum industry and circumvent Western restrictions. The package, they said, lists two independent Chinese…

South Korea will buy a total of 78,744 tons of rice from traders, according to a South Korean tender.

Posted to Maritime Reporter on October 22, 2025

Agro-Fisheries and Food Trade Corporation, a state-owned company in South Korea, has announced international tenders for the purchase of 78,744 tons of rice from China, Thailand, as well as from other countries. The deadline to submit price proposals in the tender is 5 November.

Alstom trains worth 1.4 billion euros ordered by SNCF for Eurostar routes

Posted to Maritime Reporter on October 22, 2025

Alstom announced on Wednesday that the French rail operator SNCF Voyageurs had approved a 1.4-billion-euro ($1.63-billion) order from Alstom for 30 more very high speed trains for international service, under the Eurostar brand. This order is…

Jordan Issues a tender to Buy Up to 120,000 Metric Tons of Wheat

Posted to Maritime Reporter on October 22, 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 28 October. Traders had expected a new announcement after Jordan failed to purchase 120…

Van Velthooven, the original America's Cup cyclist, retires

Posted to Maritime Reporter on October 22, 2025

Simon van Velthooven, a former international cyclist who is now a pioneering sailor and won his third America's Cup in 2014 with Team New Zealand has announced that he will retire from professional sports. Van Velthooven was a three-time world…

South Korean group purchases around 67,000 tonnes of corn, traders claim

Posted to Maritime Reporter on October 21, 2025

A South Korean importer group comprising Feedmill Group and Cargill Agri Purina purchased approximately 67,000 metric tonnes of animal feed corn at an international auction on Tuesday, European traders reported. The corn was purchased in one…

South Korea's MFG bids up to 70,000 tonnes corn, traders claim

Posted to Maritime Reporter on October 21, 2025

Major Feedmill Group/Cargill Agri Purina, a South Korean import consortium Major Feedmill Group/Cargill Agri Purina, has announced an international tender for the purchase of up to 70,000 tons animal feed corn. European traders reported this on Tuesday.

Olympic rowing in 2032: Queensland river is approved for the Olympic games

Posted to Maritime Reporter on October 21, 2025

After passing technical tests, Fitzroy River in Australia is one step closer to hosting canoeing and rowing events during the 2032 Brisbane Olympics. The waterway, which is 600 km north of Brisbane, was a controversial choice for the Olympic Games in March due to concerns over its currents.

South Korea purchased approximately 157,717 tonnes of rice from China.

Posted to Maritime Reporter on October 21, 2025

Agro-Fisheries and Food Trade Corp, a state-owned company in South Korea, purchased an estimated 157 717 metric tons (about 158,717 pounds) of rice from China and the U.S. during an international auction that closed on September 30. Often, it…

BHP's Iron Ore Production Misses Estimates Due to Maintenance Works

Posted to Maritime Reporter on October 20, 2025

BHP Group's iron ore production in the first quarter of this year was a little below estimates, according to a report released on Tuesday. This is because planned maintenance at Port Hedland - including the rebuilding of an equipment - impacted its operations in Western Australia.

Olympics-LA28 and Oklahoma City confirm softball and canoe slalom venue

Posted to Maritime Reporter on October 20, 2025

Los Angeles 2028 organizers celebrated 1,000 days before the Olympic Opening Ceremony with officials from Oklahoma City on Monday. They said that preparations were progressing to host softball and canoe-slalom competitions in the city. LA28 Chair Casey Wasserman…

Albanese, Australia's ambassador to the US, arrives in Washington for talks on rare earths and submarines

Posted to Maritime Reporter on October 20, 2025

The Australian Prime Minister Anthony Albanese arrived in the White House for his first meeting with U.S. president Donald Trump on Monday. Albanese was looking for an increased U.S. investment into Australia's vital minerals sector, as China tightens its control over global supplies.

Algeria offers a nominal amount of 50,000 tons for milling wheat.

Posted to Maritime Reporter on October 20, 2025

European traders reported on Monday that Algeria's state grain agency OAIC had issued an international tender for the purchase of soft milling wheat from origins other than Algeria. Algeria usually buys more than 50,000 tons in their tenders.

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