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May 19, 2025
The price of European wheat futures dropped on Monday, despite a large purchase by Saudi Arabia. A strong euro continues to hinder the competitiveness of EU exports. Benchmark September milling grain on Paris' Euronext fell 0.8% to 202.50 Euros ($227.49 per metric ton).
Posted to Maritime Reporter
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May 19, 2025
The Warsaw-based firm said that Equinor, a Norwegian company, and Polenergia of Poland have made a decision on the final investment for the project. It involves the construction of two wind farms near the Polish Baltic Sea coast. The cost of…
Posted to Maritime Reporter
on
May 19, 2025
Egypt declared seven people missing, including five foreigners. This was after a tourist vessel capsized in November off the coast of Egypt's Red Sea. In a decree published on Sunday in the official gazette by the country's premier, two British…
Posted to Maritime Reporter
on
May 19, 2025
The majority of luxury yachts manufactured by Italy's Azimut-Benetti won't be directly affected by U.S. tariffs on imports, said its owner and chairwoman, but the wider impact of trade tensions may become problematic. Giovanna Vitell told the Financial Times Business of Luxury forum in Barcelona…
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on
May 19, 2025
Norway announced on Monday that it had launched the first phase of its much-anticipated inaugural floating wind auction, and offered subsidies to the winning bidders despite the challenges facing the offshore wind industry worldwide. In the face of rising costs…
Posted to Maritime Reporter
on
May 19, 2025
Taiwan's Coast Guard said on Monday that China may try to disrupt the public's morale in Taiwan ahead of President Lai Ching Te's anniversary, which is this week. This was after social media images of a person placing a Chinese flag at a Taiwanese beach surfaced.
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May 18, 2025
The Estonian Foreign Ministry reported that Russia had detained an oil tanker owned by Greece on Sunday, after it left a Baltic Sea port in Estonia. It also said it had alerted NATO of the incident. In a press release, the Ministry of Transport…
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on
May 17, 2025
Guyana's Parliament passed a bill on oil pollution late Friday night that makes parties responsible for damage caused by oil spills from vessels, as well as other sources. President Irfaan Ali is expected to sign the bill into law soon. The…
Posted to Maritime Reporter
on
May 17, 2025
The President Tayyip Erdoan announced on Saturday that Turkey had discovered a new natural gas reserve of 75 billion cubic metres (bcm). Erdogan stated during an event held in Istanbul that "with this discovery, we can meet the natural-gas needs of Turkish homes for 3.5 years".
Posted to Maritime Reporter
on
May 16, 2025
After an incident on the job, the Nigerian oil company Renaissance Energy said that it had halted the production of one line into the Trans Niger pipeline. This is a major oil route transporting crude oil from the onshore oilfields up to the Bonny terminal.
Posted to Maritime Reporter
on
May 16, 2025
The Indonesian navy has arrested four Myanmar citizens and a Thai citizen who were found on board a ship that was carrying cocaine and methamphetamine worth $425million. The navy reported that officers apprehended a ship in Tanjung Balai Karimun…
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on
May 16, 2025
Ahn Deuk Geun, South Korea's Minister of Trade and Industry, said that he had met with U.S. trade representative Jamieson Greer on Friday and requested a waiver for Washington's tariffs. Ahn said that the South Korean delegation will visit the…
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on
May 15, 2025
European traders reported on Thursday that the Algerian state agency ONAB was believed to not have made any substantial purchases in an auction which closed on February 28th for up to 320,000 tons of corn, to be sourced exclusively from Argentina or Brazil.
Posted to Maritime Reporter
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May 15, 2025
Egypt, one of the top wheat importers, has bought 2.5 million tons of wheat this season from local farmers, according to a cabinet statement released on Thursday. The procurement this season has increased by a small amount compared to the 2024 period.
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on
May 15, 2025
The next America's Cup will be held in Naples in 2027, announced Prime Minister Giorgia Melons on Thursday. This is the first time that Italy has hosted the sailing's most prestigious event. New Zealand, three-times champions and defending hosts of the event…
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on
May 15, 2025
General Food Security Authority announced on Thursday that Saudi Arabia had issued a tender for 655,000 metric tonnes of wheat to be shipped between August and October 2025. European traders expect the price offer results to be available on Monday, 19 May.
Posted to Maritime Reporter
on
May 15, 2025
A UK interim report on Thursday said that winds exceeding 117 km/h probably caused the superyacht to sink off Sicily in 2013, killing British tech tycoon Mike Lynch, among others. Marine Accident Investigations Branch in Britain said that the 56-metre (184-foot-long) Bayesian…
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on
May 15, 2025
The Estonian Navy reported that it tried to detain an oil tanker bound for Russia under sanctions by Britain on Tuesday, claiming it had sailed without a flag and sailed in an illegal manner. However, it did not board the vessel when it refused cooperation, instead escorting to Russian waters.
Posted to Maritime Reporter
on
May 14, 2025
Major Feedmill Group of South Korea (MFG) bought about 60,000 tons of soymeal from South America on Wednesday in a deal that was not subject to an international tender, traders reported. The estimated cost and freight per ton was $346.40, including the surcharge for port unloading.
Posted to Maritime Reporter
on
May 14, 2025
European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 65,000 metric tonnes of animal feed corn on Wednesday in an international bid seeking up to 138,000 metric tons.
