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Huntington Ingalls' quarterly results are topped by Huntington Ingalls as shipbuilding problems ease

Posted to Maritime Reporter on July 31, 2025

Huntington Ingalls, a U.S.-based military shipbuilder, reported results for the second quarter that were above Wall Street expectations on Thursday as production issues at its shipyards eased and submarine demand grew. In premarket trading, the company's stock rose by about 5%.

Norwegian Cruise Line keeps profit forecast after bookings bounce back from a soft start

Posted to Maritime Reporter on July 31, 2025

Norwegian Cruise Line Holdings, which has a 6% increase in its shares on Thursday morning premarket trading after indicating a rebound in demand for its cruise holidays following sluggishness at the beginning of the year. The company also maintained its profit target.

Turkey buys feed barley at tender, seeking 225,000 T, traders claim

Posted to Maritime Reporter on July 31, 2025

The Turkish state grain board TMO began buying animal feed barley on Thursday in an international auction. Initially, about 25,000 metric tonnes were purchased by the TMO. The tender was for a total of 225,000 metric tonnes and it is expected that more will be bought later on Thursday.

Traders say that Pakistan has received offers for 100,000 tons of white sugar in the tender.

Posted to Maritime Reporter on July 31, 2025

Initial assessments by European traders indicated that the lowest price in the international bid to purchase 100,000 metric tons (c&f) of white refined sugar was $539.00 per metric ton. They said that offers from the Trading Corporation of Pakistan state agency (TCP) are still being considered…

South Korea: The 'Make America Shipbuilding Great Again Package' is key to a trade agreement, South Korea says

Posted to Maritime Reporter on July 31, 2025

South Korean Finance minister Koo Yun Cheol stated on Thursday that the U.S.-South Korea tariff agreement hinged on a partnership package for shipbuilding titled "Make America Shipbuilding Great Again". Koo stated that South Korean shipbuilders…

Traders say that Turkey has received offers for 225,000 tons of barley purchased through a tender.

Posted to Maritime Reporter on July 31, 2025

Initial assessments by traders indicated that the lowest price offered during the first round of tendering from Turkey's TMO state grain board to purchase and import 225,000 metric tons animal feed barley was $234.90 per ton c&f. They said that no purchase had been reported…

Traders say that Turkey has received offers for 225,000 T of barley purchased in the tender.

Posted to Maritime Reporter on July 31, 2025

Initial assessments by traders indicated that the lowest price offered during the first round of tendering from Turkey's TMO state grain board to purchase and import 225,000 metric tons animal feed barley was $234.90 per ton c&f. They said that no purchase had yet been reported…

US sanctions on Iranian shipping network are major

Posted to Maritime Reporter on July 30, 2025

On Wednesday, the U.S. Treasury Department issued new sanctions against over 115 Iran linked individuals, entities, and vessels. This is an indication that the Trump administration has intensified its "maximum-pressure" campaign following June's bombing of Tehran's nuclear sites.

Monaco's Casirighi's team wins Admiral's Cup as they master the waves

Posted to Maritime Reporter on July 30, 2025

Monaco Yacht Club won the Admiral's Cup for the first time on Wednesday. They were the first team to win the prize from the Principality after a long series of races that culminated with the Fastnet Race. Monaco won the Fastnet final after a fierce battle in six inshore races on the Solent.

Two British brothers drown off the coast of Spain; father rescues them

Posted to Maritime Reporter on July 30, 2025

The regional emergency service reported on Wednesday that two British brothers, aged 11 and 13, drowned in the sea off the Spanish coast of Llarga, Catalonia. Their father, who had tried to save the boys, was rescued and survived. In a statement…

Sources say that Chevron has been granted a restricted US license for operations in Venezuela

Posted to Maritime Reporter on July 30, 2025

Three sources familiar with the decision announced on Wednesday that Chevron had been granted a limited U.S. operating license in Venezuela sanctioned by the United States. They added that money from oil revenues could not be transferred to the Venezuelan government of President Nicolas Maduro.

South Korea is expected to purchase approximately 45,200 metric tonnes of rice, traders claim

Posted to Maritime Reporter on July 30, 2025

Agro-Fisheries and Food Trade Corporation, a state-owned company in South Korea, has announced international tenders for the purchase of 45,200 metric tonnes of rice from Vietnam and Thailand. The deadline to submit price proposals in the tender is 8 August.

Fincantieri’s first-half revenue is driven by defence and underwater business

Posted to Maritime Reporter on July 30, 2025

Fincantieri, an Italian shipbuilder, reported on Wednesday that its core profits grew by 45% and revenues by 24% in the first six months of 2025. The key defence and undersea businesses saw particularly strong growth. The order book of the company…

Officials say that Bangladesh will buy 220,000 tonnes of wheat from the US to obtain tariff relief.

Posted to Maritime Reporter on July 30, 2025

A Dhaka official announced on Wednesday that the Bangladeshi government had approved the purchase of 220,000 metric tonnes of wheat from the United States in an effort to reduce the steep tariffs placed by the Trump Administration and ease U.S. Trade tensions.

Jordanian traders report that the country has issued a tender for up to 120,000 tonnes of wheat.

Posted to Maritime Reporter on July 30, 2025

European traders reported on Wednesday that Jordan's state grain purchaser has issued a tender for up to 120,000 tons of milling Wheat sourced from optional sources. Price offers must be submitted by August 5th. Traders had expected a new announcement after Jordan failed to purchase 120…

South Korea's NOFI purchases approximately 195,000 tons corn, traders claim

Posted to Maritime Reporter on July 30, 2025

European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 195,000 metric tonnes of animal feed corn on Wednesday in an international bid seeking up to a maximum of 207,000 tons.

Nippon Steel will supply steel for Vestas Wind Towers in Europe, Asia and Japan

Posted to Maritime Reporter on July 30, 2025

Nippon Steel and Vestas Wind Systems, a Danish wind turbine manufacturer, signed a memorandum of cooperation on Wednesday. The agreement outlines the supply of steel for Vestas wind towers in Europe, Asia, and Japan, according to Japan's Industry Ministry.

Libyan coastguards train in Greece to stem migration flows

Posted to Maritime Reporter on July 30, 2025

Greek sources reported on Wednesday that Libyan coastguard officers had begun training on the Greek Island of Crete, as part of an effort to improve cooperation between the two countries and stem the surge of migrants arriving. The maritime boundary agreement…

South Korea's NOFI buys estimated 195,000 T corn, traders say

Posted to Maritime Reporter on July 30, 2025

European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 195,000 metric tonnes of animal feed corn on Wednesday in an international bid seeking up to a maximum of 207,000 tons.

NOFI South Korea to purchase up to 207,000 t corn

Posted to Maritime Reporter on July 30, 2025

European traders reported on Wednesday that the leading South Korean feedmaker Nonghyup Feed Inc. has announced an international tender for up to 207,500 metric tons animal feed corn. The deadline to submit price offers for the tender is Wednesday, 30 July.

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