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South Korea's KFA Busan purchased 70,000 T of corn in a private deal, traders claim

Posted to Maritime Reporter on November 1, 2024

According to European traders, the Korea Feed Association's (KFA) Busan Section in South Korea bought an estimated 70,000 tons of animal feed grain from South America or South Africa on Thursday in a deal that was not subjected to an international tender.

China's PLA Navy performs first dual aircraft formation in South China Sea

Posted to Maritime Reporter on October 31, 2024

The PLA navy announced that China's aircraft carriers Liaoning, Shandong, and Xiamen conducted dual carrier formation exercises in the South China Sea for the first. This move will allow China's Navy to carry out more complex and diverse missions.

Official: Indonesia will respond appropriately to incidents in the South China Sea

Posted to Maritime Reporter on October 31, 2024

An official stated that Indonesia's position in the South China Sea is unchanged, and it will take appropriate measures to protect its territory. This was after a Chinese coastguard vessel disrupted a survey conducted by Jakarta's government energy company.

South Korea bids to purchase? The traders estimate 101,000 T of rice

Posted to Maritime Reporter on October 30, 2024

European traders reported on Wednesday that the state-backed Agro Fisheries & Food Trade Corporation of South Korea has launched an international tender for an estimated 101,000 tons of rice. The deadline to submit price offers is November 7.

French Naval vessel passes through Taiwan Strait

Posted to Maritime Reporter on October 29, 2024

The Taiwan Defence Ministry announced on Tuesday that a French naval vessel had passed through the Taiwan Strait. This was the latest Western country to make a trip through this strategic waterway. Around once a year, the U.S. Navy, sometimes accompanied by ships of allied nations…

South Korea's NOFI buys estimated 136,000 T corn, traders say

Posted to Maritime Reporter on October 29, 2024

European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 136,000 metric tonnes of animal feed corn, which could be sourced from either the United States, South America…

US Navy wants to arm ships Patriot missiles in response to China's hypersonic weaponry

Posted to Maritime Reporter on October 25, 2024

Two senior defense officials have said that the U.S. Navy fears China will use hypersonic weapons in the Pacific to sink ships. They are moving ahead with a plan of arming some of their vessels with Patriot missiles. According to an industry official…

Indonesia claims that Chinese vessel was twice pushed away from energy survey after it disrupted

Posted to Maritime Reporter on October 24, 2024

The Indonesian maritime security agency reported on Thursday that a Chinese coast guard vessel had been driven out of Indonesian waters for the second time in this week, after it disrupted an initial survey by Pertamina, a state-owned energy company operating in the South China Sea.

Denmark wants to find common EU solutions to Chinese wind competition

Posted to Maritime Reporter on October 24, 2024

The Danish climate and energy ministry said that the country will be seeking a common EU strategy to combat the increased Chinese competition on the European wind market. This was ahead of a Thursday meeting with EU Commission officials and leaders in the industry.

Red Bandit wins the race to become Germany's third winner

Posted to Maritime Reporter on October 23, 2024

Carl-Peter Forster's Red Bandit from Germany won the 45th Rolex Middle Sea Race on Wednesday, becoming the third German boat to win this prestigious offshore challenge. Red Bandit followed in the footsteps Saudade and Morning Glory, who won the race in 1983 and 2006 respectively.

Taiwan: Chinese aircraft carrier group sails through Taiwan Strait

Posted to Maritime Reporter on October 22, 2024

Taiwan's Defence Ministry reported on Wednesday that a Chinese aircraft carrier group had sailed in the Taiwan Strait. The group was heading north after it passed through the waters near Taiwan-controlled Pratas Islands. The Ministry of Defense said that the Chinese vessels…

Scallywag 100 is first to cross the line in Middle Sea Race

Posted to Maritime Reporter on October 22, 2024

Scallywag 100, owned by Hong Kong businessman Lee Seng Huang, crossed the finish of the Rolex Middle Sea Race 2024 on Tuesday. It was the first monohull to complete this challenging course. The supermaxi completed the 606 nautical-mile offshore race that starts and ends in Valletta…

Equinor, a Norwegian company, tries to lease an offshore wind farm in Japan again.

Posted to Maritime Reporter on October 22, 2024

Two sources claim that Equinor, a Norwegian energy company, has bid with other companies to build an offshore wind farm in Japan's latest state auctions. It is looking for a foothold on the market. Equinor’s bid shows that some wind players have their eyes on Japan…

KFA, South Korea's KFA, bought 65,000 t corn from the U.S.

Posted to Maritime Reporter on October 21, 2024

According to European traders, the Korea Feed Association in South Korea purchased approximately 65,000 metric tonnes of animal feed corn that was expected to come from the United States on Friday in a private transaction without issuing a tender.

US and Canadian navies sail past Taiwan Strait a week after wargames

Posted to Maritime Reporter on October 20, 2024

On Sunday, a U.S. warship and a Canadian one sailed together through the Taiwan Strait less than a fortnight after China held a series of new war games on the island. Beijing had denounced the mission as "disruptive". Once a month, the U.S.

US and Canadian navies sail past Taiwan Strait a week after wargames

Posted to Maritime Reporter on October 20, 2024

On Sunday, a U.S. warship and a Canadian one sailed together through the Taiwan Strait less than a fortnight after China held a series of new war games on the island. Beijing had denounced the mission as disruptive. Once a month, the U.S. Navy…

South Korea's Kbank again cancels IPO plans, citing lackluster demand

Posted to Maritime Reporter on October 18, 2024

Kbank, an online South Korean lender, announced Friday that it had withdrawn its plan to make a public offering. The company cited insufficient demand and thus scuttled what would have been the largest offering of the year in South Korea. Kbank…

America's Cup design is followed by the development of hydrogen chase boats

Posted to Maritime Reporter on October 17, 2024

In the middle of the America's Cup armada, a half dozen futuristic-looking craft are quietly zipping above the waves. The sleek foiling machine, designed by New Zealand's America's Cup Team, looks more like a large sports car than a boat. It…

LSEG data shows that China and Saudi Arabia were the top two buyers of Russian fuel in September.

Posted to Maritime Reporter on October 17, 2024

LSEG data and traders' reports on Thursday showed that China and Saudi Arabia were top destinations for Russian seaborne VGO and fuel oil exports. According to calculations based upon LSEG data, the total fuel oil and VGO exported from Russian ports rose 2% in August to 4.2 million metric tonnes.

Teenager who scaled the world's 14 highest peaks says Nepal's Sherpas deserve better

Posted to Maritime Reporter on October 17, 2024

The youngest person to ever scale the 14 tallest mountains in the world, a Nepali teenager wants to use his talents to help the Sherpa people of Himalayan country and produce world-class athletes. Sherpas are an ethnic group that lives mainly around Mount Everest.

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