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Officials say that Ukraine's grain exports in 2024/25 will fall to 40 million tonnes due to a smaller crop.

Posted to Maritime Reporter on October 11, 2024

The first deputy minister of agriculture Taras Vysotskiy stated on Friday that Ukraine's grain exports in 2024/25 are expected to drop to 40 million metric tonnes from nearly 51 million tons in the previous year due to a smaller crop. Vysotskiy…

South Korea's NOFI purchases about 60,000 T of soymeal from traders

Posted to Maritime Reporter on October 11, 2024

European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc. purchased up to 60 000 metric tons soymeal at an international auction on Friday. The seller could also supply the product from the United States, or China.

Officials say that Ukraine's grain exports in 2024/25 will fall to 40 million tonnes due to a smaller crop.

Posted to Maritime Reporter on October 11, 2024

The first deputy minister of agriculture Taras Vysotskiy stated on Friday that Ukraine's grain exports in 2024/25 are expected to drop to 40 million metric tonnes from nearly 51 million tons in the previous year due to a smaller crop. Vysotskiy…

British 18-year old sets sights on America's Cup

Posted to Maritime Reporter on October 10, 2024

Kai Hockley is the youngest member on the British America's Cup sailing squad. He may be only 18 years old, but as the team's first intern, he's determined to make it to the top of the sport. Hockley began his journey to Barcelona in north London…

The Spanish weatherman plotting Britain’s path to glory

Posted to Maritime Reporter on October 10, 2024

The bid by Britain to win the America's Cup, the first in the 173-year-old history of the event, has not been cheap. But all the latest technology would be useless without an age-old skill: meteorology. One of the key players of the world class…

Market sources claim that Russian strikes on Ukraine’s ports have increased insurance rates.

Posted to Maritime Reporter on October 10, 2024

Insurance sources and a broker reported on Thursday that a series of Russian missile attacks on Ukrainian Black Sea port infrastructure, as well as commercial vessels, has caused a spike in insurance rates and forced some shipowners cancel bookings.

South Korea's FLC purchases 60,000 metric tonnes of soymeal from traders

Posted to Maritime Reporter on October 10, 2024

Feed Leaders Committee, a South Korean import group, purchased up to 60 000 metric tons soymeal on Thursday. The soymeal could have been sourced in South America or the United States and China. They said that the FLC purchased from Cofco at a price of $398.50 per metric ton, c&f.

Market sources claim that Russian strikes on Ukraine’s ports have increased insurance rates.

Posted to Maritime Reporter on October 10, 2024

Insurance sources and a broker reported on Thursday that a series of Russian missile attacks on Ukrainian Black Sea port infrastructure, as well as commercial vessels, has caused a spike in insurance rates and forced some shipowners cancel bookings.

Jordanian traders claim that they will buy up to 120,00 T of feed barley.

Posted to Maritime Reporter on October 10, 2024

European traders reported on Thursday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline to submit price proposals in the tender is October 16. Jordan's failure to purchase 120…

EU wheat prices ease after weather and demand rally

Posted to Maritime Reporter on October 9, 2024

The European Wheat Futures closed slightly lower on Tuesday as technical resistance and the competition from Black Sea wheat supplies offset a rally fueled by weather risks and demand by importers. The December wheat price on Paris' Euronext…

Citi is optimistic about the strong growth indicators.

Posted to Maritime Reporter on October 9, 2024

The shares of U.S. Cruise Operators, including Norwegian Cruise Line Holdings surged during the midday session on Wednesday, as brokerage Citi becomes bullish about the long-term prospects for these companies. Norwegian Cruise shares rose as…

Egypt's wheat reserve is enough to last more than five and a half months, says PM

Posted to Maritime Reporter on October 9, 2024

The Prime Minister Mostafa Mdbouly stated on Wednesday that Egypt has enough wheat reserves to last more than five-and-a half months. He also said Egypt was building reserves as a preventative measure, as tensions in the region escalate. He…

New Zealand to prepare for "trigger pull" in America's Cup Duel with Britain

Posted to Maritime Reporter on October 9, 2024

New Zealand has been analysing Ben Ainslie's race patterns, honed their technique, and made subtle final adjustments to their AC75 sails and foils as the America's Cup holder prepares for the British challenge. Grant Dalton, CEO of the New Zealand team…

Jordan does not purchase 120,000 T of barley, traders claim

Posted to Maritime Reporter on October 9, 2024

European traders claim that Jordan's state grain purchaser is not believed to have purchased any barley in the international tender for animal feed barley, which closed on Tuesday. The trading houses that participated were believed to include Viterra, Ameropa, and Olam.

Jordanian traders report that 3 people participated in the 120,000 T barley auction.

Posted to Maritime Reporter on October 9, 2024

Traders said that three trading companies have so far been reported to be participating in the international bid of Jordan's state grain buyer for up to 120,000 tons animal feed barley to be purchased on Wednesday. Viterra, Ameropa, and Olam…

Jordan offers to purchase up to 120,000 tonnes of wheat, traders claim

Posted to Maritime Reporter on October 9, 2024

European traders reported on Wednesday that Jordan's state grain purchaser has issued an international bid to purchase up to 120,000 tons of milling Wheat sourced from optional sources. The deadline to submit price offers is October 15. Traders…

Singapore to mandate digital bunker notes starting April 2025

Posted to Maritime Reporter on October 9, 2024

Amy Khor said that Singapore's senior minister for transport Amy Khor announced at the SIBCON2024 conference that marine fuel suppliers in Singapore, the world's biggest bunker hub, would be required to offer digital bunkering and electronic bunker delivery note starting April 1, 2025.

Euronext Wheat steady as weather, exports and trade weigh

Posted to Maritime Reporter on October 8, 2024

The price of European wheat edged up on Tuesday, as weather risks in Russia coupled with an attack on a grain terminal in Ukraine offset the pressures from export competition. December wheat traded on Paris' Euronext closed 0.5% higher at 229.75 Euros ($252.17) per metric ton…

Trade sources claim that Trader Vitol is selling Venezuelan oil to Indian refiners.

Posted to Maritime Reporter on October 8, 2024

Trade sources reported that two Indian state refiners bought 2,000,000 barrels of Venezuelan oil from Vitol, for delivery in November. This is despite the fact that Venezuelan crude shipments continue to increase to what was previously Venezuela's second-largest oil market.

Sailing-Swedish Women dominate America's Cup Group to Book Semi-Final Berth

Posted to Maritime Reporter on October 8, 2024

The Netherlands and Spanish teams qualified for the semi-finals of the America's Cup event on Tuesday after a dominant performance by Sweden in their group. The Swedish crew, which has had more time to practice with the AC40 foiling boat than other teams…

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