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Saturday, November 2, 2024

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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.

China claims that a Japanese fishing vessel 'illegally entered territorial waters'

Posted to Maritime Reporter on October 16, 2024

China's coastguard said that a Japanese fishing boat "illegally" entered China's territorial water around Diaoyu Islands between Oct. 15-16, and was advised to leave. In a recent statement, a Coast Guard spokesperson stated that "we urge the…

S.Korea Hanwha sweetens its takeover offer to Singapore Dyna-Mac

Posted to Maritime Reporter on October 14, 2024

Hanwha Group, a South Korean conglomerate, increased its offer on Monday for the remaining share it doesn't already own in Singapore-based Dyna-Mac. The offshore oil and natural gas contractor is valued at S$790.6m ($605.41m). Hanwha had previously offered S$0.60 for each share.

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.

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.

Shipping stocks slide after US port strike ends

Posted to Maritime Reporter on October 3, 2024

Shipping shares fell across Asia Friday, after U.S. port operators and workers reached an agreement to end the strike at docks on the East Coast and Gulf Coast much sooner than expected. Evergreen Marine, Wan Hai Lines, and Yang Ming Marine…

Officials warn German ships who passed through Taiwan Strait

Posted to Maritime Reporter on October 2, 2024

German task group commander, who led the German Navy ships through the Taiwan Strait in October, said that the Chinese vessels were very attentive and sent repeated radio messages to the German Navy ships, but they did not engage in any unsafe behavior.

Cambodia welcomes US Navy to port that was expanded with China’s help

Posted to Maritime Reporter on October 1, 2024

The Pentagon fears that the base will be used by the Chinese to establish an outpost in Cambodia. Sun Chanthol, the Deputy Prime Minster of Cambodia, told an event organized by a Washington think-tank that military from any country could visit the port after the base was completed.

Cnergyico, a Pakistani oil refiner, has purchased the first Black Sea CPC Blend.

Posted to Maritime Reporter on September 27, 2024

Cnergyico, Pakistan's largest oil refiner, has announced that it recently purchased Black Sea CPC Blend. This is the first time this grade has been imported into Pakistan. CPC Blend is an oil blend from Kazakhs and Russians that is exported from the Black Sea port in Russia, Yuzhnaya Ozereyevka.

China's Coast Guard says Philippine vessel brought supplies to Second Thomas Shoal

Posted to Maritime Reporter on September 27, 2024

China's coastguard said that the Philippines sent on Friday a civilian vessel to ferry daily essentials to a ship at Second Thomas Shoal, which Beijing claims was "beached illegally" in the disputed waters of the South China Sea. The coast guard…

South Atlantic Whale Sanctuary Plan Blocked at International Meeting

Posted to Maritime Reporter on September 27, 2024

The International Whaling Commission's (IWC) meeting on Thursday rejected a proposal to create a sanctuary in the southern Atlantic Ocean for whales and cetacean species. This disappointed animal conservationists. At the IWC annual session held in Lima…

US official: Chinese nuclear-powered sub sank in the first half of this year

Posted to Maritime Reporter on September 26, 2024

A senior U.S. official confirmed on Thursday that China's latest nuclear-powered attack sub sank in the first half of this year. This could be an embarrassment to Beijing, which is seeking to increase its military capabilities. China has already…

New Zealand and Australia naval ships passed through the Taiwan Strait on Tuesday

Posted to Maritime Reporter on September 26, 2024

According to a Thursday statement by New Zealand's Defence Minister Judith Collins, naval vessels from New Zealand sailed across the Taiwan Strait. Collins described the two ships' activity as routine and in accordance with international law.

Newspaper report: Japan destroyer crosses Taiwan Strait first time.

Posted to Maritime Reporter on September 25, 2024

The Yomiuri reported, citing several government sources, that Japan's Self Defense Force had patrolled the Taiwan Strait for the first ever time on Wednesday in an effort to send a signal to China. The Japanese newspaper reported that the SDF…

Hanwha Ocean, a South Korean shipbuilder, has halted talks with Austal about acquiring the company

Posted to Maritime Reporter on September 25, 2024

In a filing with the South Korean regulatory authorities, Hanwha Ocean announced that it had halted negotiations to buy Austal, an Australian shipbuilder. Austal announced in April that it had turned down a takeover bid of A$1.02 Billion ($701,35 Million) because the Australian and U.S.

Philippines claims that a Chinese helicopter shadowed its aircraft during patrol

Posted to Maritime Reporter on September 25, 2024

On Wednesday, the Philippines reported that a Chinese helicopter approached and shadowed its fisheries bureau's aircraft while it was on patrol near disputed Scarborough Shoal. This is yet another confrontation between two countries in an intense dispute over territory.

EU wheat prices ease after rally, as Black Sea supplies assessed

Posted to Maritime Reporter on September 24, 2024

Euronext wheat prices fell on Tuesday after consolidating a rally the previous day. Traders weighed weather and war risk to Black Sea supplies against signs that Russia, Ukraine and other exporters continue to dominate markets at lower prices.

EU wheat prices pause after rally, Black Sea supply is assessed

Posted to Maritime Reporter on September 24, 2024

Euronext wheat prices fell on Tuesday after consolidating a rally the previous day. Traders weighed weather and war risk to Black Sea supplies against signs that Russia, Ukraine and other exporters continue to dominate markets at lower prices.

North Korea's sister claims that the US is increasing its nuclear submarine threats

Posted to Maritime Reporter on September 24, 2024

Kim Yo Jong - the powerful sister to North Korean leader Kim Jong Un - has criticised the presence in Busan of a U.S. submarine, according to state media KCNA. Kim said it was a sign of U.S. desire to "show off its nuclear strategic assets and increase threats", as reported by KCNA.

Quad group increases maritime security cooperation during Biden's Farewell Summit

Posted to Maritime Reporter on September 21, 2024

As outgoing U.S. president Joe Biden hosted his counterparts from the Quad, which was formed due to shared concerns regarding China, the leaders of Australia, India and Japan expanded their joint security measures in Asia's richly traded waters.

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