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HD Hyundai Heavy, a South Korean shipbuilder, merges with HD Hyundai Mipo

Posted to Maritime Reporter on August 27, 2025

HD Hyundai Heavy Industries of South Korea, the largest shipbuilder in the world, announced on Wednesday its intention to merge with HD Hyundai Mipo, as it aims for a larger share of the U.S. market. The company stated that it hopes to lead U.S.

Taiwan's MFIG purchases about 65,000 tonnes corn from US traders, say

Posted to Maritime Reporter on August 27, 2025

European traders reported that the MFIG group of Taiwan bought approximately 65,000 metric tonnes of animal feed corn, which was expected to come from the United States during an international auction on Wednesday. They said that the yellow corn was bought at a premium estimated to be 177.00 U.S.

Jordan purchases approximately 60,000 tons wheat at tender, traders claim

Posted to Maritime Reporter on August 26, 2025

In an international auction held on Tuesday, Jordan's state grain buyer bought about 60,000 metric tonnes of hard milling whey from optional origins. They said that it was estimated to have been purchased from Cargill for $267.50 per ton, cost and freight included.

Singapore's Keppel claims $53 million from Seatrium in a corruption case involving Brazil

Posted to Maritime Reporter on August 26, 2025

Singapore's Keppel initiated arbitration proceedings on Tuesday against the local shipbuilder Seatrium over a S$68.4million ($53.33million) claim relating to a Brazilian corruption crackdown. Seatrium made a provision of S$82.4m in 2022 to pay Keppel for claims relating to Operation Car Wash…

Data shows that Saudi Arabia and India were the largest buyers of Russian fuel in July.

Posted to Maritime Reporter on August 26, 2025

LSEG data and traders' reports show that Saudi Arabia and India were top destinations for Russian seaborne VGO and fuel oil exports. Middle Eastern and Asian nations are now the primary destinations of Russian fuel oil and VGO since the full…

Pakistan purchased initial 30,000 tonnes sugar in tender, traders claim

Posted to Maritime Reporter on August 26, 2025

European traders reported on Tuesday that Pakistan's TCP, the state-owned trading agency, has bought an initial 30,000 tons of white sugar from an international tender which sought around 200,000 tonnes and closed last week. Traders said that…

US orders more ships for the southern Caribbean to combat drug cartels. Sources confirm this.

Posted to Maritime Reporter on August 25, 2025

Two sources who were briefed about the deployment on Monday said that the United States had ordered additional ships for the southern Caribbean in response to President Donald Trump's efforts to combat threats from Latin American cartels. Sources…

The Trump administration is planning to cancel the approval of Maryland's offshore wind project

Posted to Maritime Reporter on August 25, 2025

According to a Friday filing at the U.S. District Court of Delaware, the administration of U.S. president Donald Trump intends on withdrawing federal approval for US Wind’s offshore wind farm near the Maryland coast. Attorneys from the Department…

Iran purchased wheat last week, but traders are unsure of the tonnage.

Posted to Maritime Reporter on August 25, 2025

The Government Trading Corporation of Iran (GTC), a state-owned agency, is believed to have purchased a volume of wheat that was not disclosed late last week. It's expected that the wheat will be sourced in part from Russia. Traders said Iran wanted to buy about 180…

Turkey searches for missing Russian swimmers in Bosphorus Race

Posted to Maritime Reporter on August 25, 2025

Turkish authorities reported on Monday that Russian Nikolay Svechnikov was missing at the Bosphorus Cross-Continental Swimming Race held in Istanbul on Sunday. Turkish National Olympic Committee (TNOC) said that search and rescue operations…

Taiwan's MFIG offers to purchase up to 65,000 metric tonnes corn

Posted to Maritime Reporter on August 25, 2025

European traders reported on Monday that Taiwan's MFIG buying group had issued an international tender for up to 65,000 metric tonnes of animal feed corn, which could be sourced in the United States, Argentina or Brazil. They said that the deadline…

What are the likely topics of discussion at the US-South Korea Summit?

Posted to Maritime Reporter on August 25, 2025

U.S. president Donald Trump hosted South Korean president Lee Jae Myung at Washington on Monday for their first meeting after they struck a deal last month that lowered U.S. duties on the Asian ally from 25% to 15%. Trump said that he would…

Three sisters drowned, but dozens of migrants rescued from boat heading to Italy

Posted to Maritime Reporter on August 24, 2025

A German sea rescue charity reported on Sunday that three young sisters drowned after the rubber boat they were in, along with dozens of migrants, got into difficulty on the dangerous central Mediterranean crossing between Libya and Italy. RESQSHIP reported that the bodies of three sisters aged 9…

Brewers, MLB's best team, present a daunting task to Giants

Posted to Maritime Reporter on August 22, 2025

The Milwaukee Brewers, who have ended their longest losing streak of over three months and brought their 80 victories major-league record into the first game with the San Francisco Giants in the series opener on Friday night, will bring this to the San Francisco Giants.

Russian Navy practices defending themselves against "underwater saboteurs" in Baltic Sea

Posted to Maritime Reporter on August 22, 2025

The defence ministry announced on Friday that Russian forces conducted an exercise in Baltic Sea, including drills for repelling an underwater attack. The ministry reported that units of divers "demonstrated their skills in detecting, capturing…

South Korea purchased 45,200 tonnes of rice from Vietnam & Thailand

Posted to Maritime Reporter on August 22, 2025

Agro-Fisheries and Food Trade Corporation, a state-owned company in South Korea, purchased approximately 45.200 metric tonnes of rice from the United States as part of an international tender which closed on August 8. It can take a few weeks for the corporation to make a decision on a tender.

What are the likely topics of discussion at the US-South Korea Summit?

Posted to Maritime Reporter on August 22, 2025

Donald Trump, the U.S. president, will host South Korean President Lee Jae Myung for their first meeting in Washington on Monday. The two countries had struck a deal on trade last month that reduced U.S. duties on the Asian ally from 25% to 15%. Alongside trade, U.S.

Guyana's crude oil production was almost the same at 664,000 barrels per day in July

Posted to Maritime Reporter on August 21, 2025

The government announced in a Thursday bulletin that the oil output in Guyana remained almost the same last month, at 664,000 barrels of crude per day. This led to an annual average of 643,000 barrels of crude per day in the first seven-month period of this year.

US resumes Venezuelan oil imports under new license granted to Chevron

Posted to Maritime Reporter on August 21, 2025

Data from vessel tracking showed that two tankers chartered and carrying Venezuelan crude arrived in U.S. water on Thursday. This was the first time the U.S. imported Venezuelan oil after Washington granted a new permit. Last month, the U.S.

Asylum claims reach record levels, opponents try to turn the screw on UK's Starmer

Posted to Maritime Reporter on August 21, 2025

Keir starmer, the British Prime Minister, faced new criticism on Thursday over his immigration policy after official figures revealed that asylum claims had reached a record-high and more migrants were being housed at hotels than a year earlier.

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