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North Korea fires its first weapons test on its new warship

Posted to Maritime Reporter on April 29, 2025

State media KCNA reported that North Korea conducted the first test firing of the weapon system of its new "Choe-Hyon-class" of warships earlier this week. The report stated that artillery and cruise missiles were fired during the test firing attended by Kim Jong Un…

CME launches new Black Sea Wheat contract in June

Posted to Maritime Reporter on April 29, 2025

CME Group announced on Tuesday that it will launch in June a new Black Sea Wheat Futures Contract, which will track the export prices of Romania and Bulgaria. CME's latest effort to develop grain derivatives is in the critical Black Sea export zone.

Guyana's proposed oil spill bill would hold companies responsible for damages caused by oil spills.

Posted to Maritime Reporter on April 29, 2025

According to an excerpt of the bill published in the Official Gazette, the Guyana government submitted a proposed oil pollution law to Parliament. The act proposes that responsible parties be held liable for damage caused by oil spills from vessels.

CNBC interviews LA port official who says that shipping volume will drop by 35% next Monday.

Posted to Maritime Reporter on April 29, 2025

Gene Seroka said that the Los Angeles port expects a 35% decrease in cargo coming from Asia in the next week in an interview with CNBC on Tuesday. He said that major American retailers had stopped all shipments to China. This contributed to 45% of the traffic in Los Angeles.

Petrobras aims to attract Chinese investment to Brazil's maritime industry

Posted to Maritime Reporter on April 29, 2025

Petrobras, the Brazilian state-owned energy giant, said that it was looking to attract new Chinese investment to Brazil's oil, gas and naval sectors, particularly, on Tuesday as its Chief executive Magda Chambriard visited the Asian country.

Royal Caribbean raises annual profit forecast on strong cruise demand

Posted to Maritime Reporter on April 29, 2025

Royal Caribbean increased its annual profit forecast Tuesday. The company benefited from high bookings of its private islands and premium sailings in regions like Alaska and Japan. Bookings for cruises have surpassed historical levels, thanks…

South Korea's MFG purchases about 66,000 T of corn, traders claim

Posted to Maritime Reporter on April 29, 2025

In an international auction held on Tuesday, the Major Feedmill Group of South Korea (MFG) bought approximately 66,000 metric tonnes of animal feed corn, which could have been sourced from either the United States, South America, or South Africa.

The US campaign against Yemen Houthis

Posted to Maritime Reporter on April 28, 2025

In order to stop the attacks on Red Sea shipping by Yemen's Iran supported Houthis, the United States increased its strikes this year. However, rights activists are concerned about civilian casualties. Here are a few facts about the U.S. Campaign and a list with some of the largest strikes.

Reports claim that Korea Development Bank will sell Hanwha Ocean shares

Posted to Maritime Reporter on April 28, 2025

Maeil Business Newspaper reports that the state-run Korea Development Bank of South Korea plans to sell its Hanwha Ocean shares. The newspaper, without citing any sources, reported that KDB planned to divide its 19,5% stake in the shipbuilder after a bookbuilding on Monday.

At least eight migrants drowned in a migrant boat that sank off Tunisia, and 29 were rescued

Posted to Maritime Reporter on April 28, 2025

A security official said that the coast guard of Tunisia recovered eight bodies from the wreckage of a boat which sank near the coast on its way to Europe. He added that 29 others were also rescued. The boat capsized in the waters near Abwabed…

Document shows that Egypt purchases 466,266 tonnes of wheat from local farmers

Posted to Maritime Reporter on April 28, 2025

An official document published on Monday showed that Egypt, the world's largest wheat importer, had purchased 466,266 tons of wheat directly from local farmers, since the official procurement season began in mid-April. This is a drop of over 37% compared to the same period last year.

Estonia releases a tanker bound for Russia

Posted to Maritime Reporter on April 28, 2025

Estonia released the oil tanker Kiwala that was detained for not having a valid flag. The Estonian Navy detained the tanker bound for Russia and boarded it on April 11, 2019. The tanker is believed to be a part of the so-called “shadow fleet”…

New York Times Business News - April 28, 2019

Posted to Maritime Reporter on April 28, 2025

These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. On Sunday night, a boat that was carrying dozens of passengers struck the ferry near the Memorial Causeway Bridge. The U.S.

South Korea rejects tariff agreement with US ahead of June 3 snap elections

Posted to Maritime Reporter on April 28, 2025

On Monday, a senior South Korean official said that Seoul will not agree to a package of trade deals with Washington before the June 3 presidential elections. He also noted the challenges in reaching an agreement even by early July. Seoul's…

Yemen's Houthi TV says 68 bodies were recovered after US strikes on Saada

Posted to Maritime Reporter on April 28, 2025

Al Masirah TV, a Houthi-run channel in Yemen, reported that 68 bodies had been recovered and 47 more were injured after an American strike on Saada struck a centre for African migrants. Saada, a Houthi stronghold, was also previously targeted by U.S. airstrikes.

Philippines: China did not seize disputed South China Sea Reef

Posted to Maritime Reporter on April 28, 2025

The Philippines denied on Monday that news reports claiming Beijing had seized control over a reef in dispute in the South China Sea were true, after their personnel landed and discovered no Chinese presence on the unoccupied sandbars. The Chinese…

South Korea rejects tariff agreement with US ahead of June 3 snap elections

Posted to Maritime Reporter on April 28, 2025

On Monday, a senior South Korean official ruled out the possibility of a deal being reached with the United States before the presidential elections in the Asian nation on June 3. He also noted that reaching an agreement even by early July would be difficult.

South Korean firms seek LNG cargo for June delivery

Posted to Maritime Reporter on April 28, 2025

South Korean companies Korea Midland Power Co. (KOMIPO), Korea Southern Power Co. (KOSPO), and SK subsidiary PRISM Energy International, have released a tender to purchase one liquefied gas (LNG). The cargo is due for delivery in the month of June.

Florida ferry crash results in multiple injuries

Posted to Maritime Reporter on April 28, 2025

Local officials reported multiple injuries in Clearwater after a ferry accident near the city’s Memorial Causeway Bridge. A ferry with more than 40 people aboard was struck by a boat which fled the scene. The scene was attended by police and firefighters.

French CMA CGM acquires Turkish Borusan Logistics subsidiary for $440 million

Posted to Maritime Reporter on April 27, 2025

According to a Turkish filing, CEVA Corporate Services, a subsidiary of French shipping giant CMA CGM, has agreed to buy Borusan Tedarik Zinciri Cozumleri ve Teknoloji's logistics division for $440m. Borusan Yatirim stated in the filing on the…

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