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Tuesday, March 10, 2026

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EU wheat exports drop to 7-month low after renewed concerns

Posted to Maritime Reporter on March 27, 2025

The benchmark wheat futures traded on Euronext on Thursday fell to their lowest level in seven months as concerns over short-term demand for exports this season were rekindled by a stronger euro and a sparse demand from abroad. Euronext's May…

Six Russian tourists drowned in a tourist submarine off the coast of Egypt

Posted to Maritime Reporter on March 27, 2025

The local governor's offices confirmed that six foreigners died when a tourist sub sank near the Red Sea resort of Hurghada in Egypt. However, they did not confirm the nationalities. The Russian consulate at Hurghada confirmed that the "SINDBAD"…

No problem with crocodiles in the Olympics, but currents on the river could ruin Brisbane's rowing plans

Posted to Maritime Reporter on March 27, 2025

Crocodiles inhabiting the Fitzroy River do not seem to be a problem, but the water flow could derail plans to hold the rowing events at the 2032 Olympics near Rockhampton. Tuesday, the venue for Australia's third Olympics was announced along…

Turkey is considering offers for 50,000 T of durum wheat, traders report

Posted to Maritime Reporter on March 27, 2025

The traders reported that the highest price in the tender by Turkey's TMO state grain board to sell and export 50 000 metric tons durum wheat, which closed Thursday, was $315.50 per ton FOB. Viterra, a trading company, was said to be the one who made the offer of 50,000 tons.

No injuries reported after collision between a Chinese fishing boat and a Taiwan Navy ship

Posted to Maritime Reporter on March 26, 2025

The Taiwanese Navy said that a landing ship of the Taiwanese Navy and a Chinese fishing vessel collided outside restricted waters early Thursday morning. There were no injuries. Chung Ho collided with Minlianyu 61756, a Chinese trawler, shortly after midnight…

Rubio: US to evaluate Russian demands on Black Sea ceasefire

Posted to Maritime Reporter on March 26, 2025

Marco Rubio, the U.S. Secretary for State, said that on Wednesday. The United States would evaluate any demands made by Russia following its "in principle agreement" with a ceasefire negotiated by the United States in order to ensure safe navigation through Black Sea.

GRAINS-Chicago Corn falls short of USDA planting expectations

Posted to Maritime Reporter on March 26, 2025

Chicago corn futures fell on Wednesday, as traders awaited a U.S. Department of Agriculture release of data showing an increase in corn acres in 2025. Wheat futures declined on the back of continuing Russia-Ukraine discussions around the Black Sea.

Nutrien does not expect any major impacts from the Black Sea deal

Posted to Maritime Reporter on March 26, 2025

Nutrien stated on Wednesday that it does not believe the proposed Black Sea Shipping Deal between Ukraine, Russia, and the U.S. would have a significant impact on the North American or Global Fertilizer Market this year. Nutrien spokesperson…

EU wheat prices rise as traders ignore Black Sea shipping deals

Posted to Maritime Reporter on March 26, 2025

Euronext wheat recovered from a 2-week low on Wednesday as traders downplayed the immediate impact of an American-backed agreement on Black Sea shipping. Euronext was also boosted by the easing of the euro, as traders saw better export prospects for Western European Wheat, particularly in Morocco.

GRAINS-Chicago Corn falls short of USDA planting expectations

Posted to Maritime Reporter on March 26, 2025

Chicago corn futures fell on Wednesday, as traders awaited a U.S. Department of Agriculture release of data showing an increase in corn acres in 2025. Wheat futures declined on the back of continued Russia-Ukraine discussions around the Black…

Black Sea deal unlikely boost Russian food exports short-term

Posted to Maritime Reporter on March 26, 2025

Analysts and industry sources say that a potential agreement to ease restrictions on Russia’s access to international agriculture markets, hailed by Washington and Moscow, will not have a significant impact on the global food supply. The U.S.-brokered deal…

UN: Black Sea freedom of Navigation is crucial for global food security

Posted to Maritime Reporter on March 26, 2025

A deal on the freedom of navigation of ships and ports in the Black Sea, which would ensure the safety of civilian vessels as well as port infrastructures, "will make a significant contribution to the global food supply chain and security," said Stephane Dujarric…

UN: Black Sea freedom of Navigation is crucial for global food security

Posted to Maritime Reporter on March 26, 2025

A deal on the freedom of navigation of ships and ports in the Black Sea, which would ensure the safety of civilian vessels as well as port infrastructures, "will make a significant contribution to the global food supply chain and security," said Stephane Dujarric…

Jordanian traders claim that the country has issued a tender for up to 120,000 T wheat.

Posted to Maritime Reporter on March 26, 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 for submitting price offers to the tender is on April 8. The traders had expected…

Officials say that Russia has launched a drone attack against a Ukrainian port which provides access to the Black Sea.

Posted to Maritime Reporter on March 26, 2025

The Russian drone attacked the Ukrainian port city of Mykolaiv, which provides access to the Black Sea for the country. It also struck Kryvyi Rih. Ukrainian officials claimed that this was the biggest drone strike on the city in the war. On Tuesday…

Russia claims to have shot down two Ukrainian drones in the Black Sea

Posted to Maritime Reporter on March 26, 2025

The Russian Defence Ministry said that Russian units had destroyed nine Ukrainian drones over night, including two in the Black Sea. On Tuesday, the United States and Russia reached separate agreements to stop their airstrikes over the Black Sea as well as against each other's targets in energy.

Chicago wheat futures drop on Black Sea Deal, soyabeans and corn also fall

Posted to Maritime Reporter on March 26, 2025

Chicago wheat futures declined for the third consecutive session on Wednesday. This was due to the United States agreements with Ukraine and Russia, which halted attacks on sea targets and energy targets. Soybeans, corn and other grains also fell due to concerns about U.S.

TASS reports that a Russian Navy submarine launched missiles during drills in the Sea of Japan.

Posted to Maritime Reporter on March 26, 2025

The Russian state news agency TASS reported that a submarine of the Pacific Fleet of Russia conducted drills on the Sea of Japan. It launched cruise missiles against sea and coastal targets. "During an exercise scheduled, the diesel-electric…

Lavrov: Black Sea deal is aimed at Moscow to make profit and ensure food safety.

Posted to Maritime Reporter on March 25, 2025

In remarks published late Tuesday, Russian Foreign minister Sergei Lavrov stated that the Black Sea maritime security agreement aims to return Moscow to predictable grain markets and fertiliser markets which would allow for profit while ensuring global food security.

GRAINS-Wheat Futures Drop on Black Sea Agreements

Posted to Maritime Reporter on March 25, 2025

Chicago wheat futures eased Tuesday after the United States announced that it has reached agreements with Russia, Ukraine and other countries to ensure safe navigation on the Black Sea. Analysts predicted a large South American soybean crop and corn prices also dropped.

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