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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.

US gasoline stockpiles hit 2-year low on stronger demand, EIA says

Posted to Maritime Reporter on October 30, 2024

The Energy Information Administration (EIA), which is responsible for the U.S. government's energy policy, announced on Wednesday that U.S. gasoline inventories fell to their lowest level in two years last week due to increased demand. Crude…

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.

LSEG data show that Turkey increased its Russian Urals oil imports 40% in October.

Posted to Maritime Reporter on October 29, 2024

LSEG data showed that Turkey increased its imports of Russia’s Urals crude to 7,41 million barrels in October from 5,15 million barrels in September, due to a rise in demand and the completion of refinery maintenance. After the STAR refinery…

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…

Black Sea CPC blend oil exports will rise by 33% in November, according to sources.

Posted to Maritime Reporter on October 25, 2024

Black Sea CPC blend oil exports via Caspian Pipeline Consortium's (CPC) system will increase in November, after maintenance at Kazakhstan's Kashagan oilfield is completed. Two sources said that exports will increase to 1.42 million barrels a day (bpd)…

InVivo targets Ukrainian wheat in order to counter Russian expansion

Posted to Maritime Reporter on October 23, 2024

The chief executive of InVivo, a cooperative that produces wheat for export in France and Ukraine, said Wednesday the group is looking at new markets to expand after being beaten by Russian wheat to Algeria. Thierry Blandinieres, a member of the group that has a range of activities…

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.

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.

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

Posted to Maritime Reporter on October 17, 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 offers for the tender is October 23. Jordan's failure to purchase 120…

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.

KFA, South Korea's KFA, bought 65,000 metric tonnes corn in a private deal

Posted to Maritime Reporter on October 17, 2024

According to European traders, the Korea Feed Association in South Korea bought about 65,000 metric tonnes of animal feed corn in a private transaction on Wednesday. The corn was expected to come from either South America or the United States.

Qatar reduces the Dec al-Shaheen term oil price, sources claim

Posted to Maritime Reporter on October 16, 2024

QatarEnergy lowered the term price of al-Shaheen loading crude oil in December, according to trade sources on Wednesday. The company was following spot market prices this month. They said that the December term price had been set at $1.93 per barrel, according to Dubai quotes.

France to break through wheat export slump with rare Thailand shipment

Posted to Maritime Reporter on October 14, 2024

According to sources in the shipping and trading industries, a large shipment of French wheat will be loaded for Thailand later this month. This is a rare shipment that will help boost French exports to Southeast Asia. Sources said that a ship…

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…

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.

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