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JSW Infrastructure India reports a Q1 loss due to higher expenses

Posted to Maritime Reporter on July 23, 2024

JSW Infrastructure, India's largest private port operator by cargo handled, announced a drop of nearly 9% in its first-quarter profits on Thursday. This was due to higher expenses. The company's net profit for the quarter ended 30 June fell…

CMA CGM, the shipping giant, signs AI agreement with Google

Posted to Maritime Reporter on July 23, 2024

The French shipping and logistic company CMA CGM announced Thursday that it has entered into a partnership agreement with Alphabet’s Google in order to accelerate the deployment of AI across all its global operations. CMA CGM strives to improve…

Traders estimate that Algerian wheat purchase will be between 700,000 and 750,000 tonnes

Posted to Maritime Reporter on July 23, 2024

European traders reported on Thursday that Algeria's state grain agency OAIC purchased between 700,000.00 and 750,000 metric tonnes of milling wheat at an international auction on Wednesday. The estimate of 600,000 tonnes by traders on Wednesday evening was lower.

Traders estimate that Algerian wheat purchase will be between 700,000 and 750,000 tonnes

Posted to Maritime Reporter on July 23, 2024

European traders reported on Thursday that Algeria's state grain agency OAIC purchased between 700,000.00 and 750,000 metric tonnes of milling wheat at an international auction on Wednesday. The estimate of 600,000 tonnes by traders on Wednesday evening was lower.

Sea drone alert in Russia's Black Sea port ends

Posted to Maritime Reporter on July 23, 2024

On Thursday morning, the mayor of Novorossiisk in Russia's Black Sea port issued a sea-drone alert that lasted more than two full hours. Meanwhile, a group unmanned Ukrainian boats were destroyed near Crimea. In his first message sent via Telegram…

Algerian traders claim that the country has purchased at least 600 000 T of milling wheat.

Posted to Maritime Reporter on July 23, 2024

European traders reported that Algeria's state grain agency OAIC had bought at least 600.000 metric tons milling wheat during an international auction which closed on Wednesday. Some traders estimate the volume at 700,000-800,000 tons. Most…

Ukraine delays resumption ferry services to Georgia, says company

Posted to Maritime Reporter on July 23, 2024

According to its timetable, Ukrainian ferry company Ukrferry postponed resuming ferry service between Ukraine and Georgia. The service was suspended after Russia invaded Ukraine in 2022. Last month, the company announced that it would resume service from the Black Sea Port of Chornomorsk on July 9.

Suez Canal revenues drop as some shippers avoid the Red Sea

Posted to Maritime Reporter on July 23, 2024

The Suez Canal’s annual revenue fell by almost a quarter during its most recent financial year, as some shippers chose alternative routes in order to avoid being attacked by Houthis who are aligned with Iran in the Red Sea. Osama Rahbie, head…

Algeria starts purchasing milling wheat in tender, traders say

Posted to Maritime Reporter on July 23, 2024

stated. expense and freight (c&& f) consisted of, they stated. c&& f. continuing. estimates of prices and volumes are still possible later. from the main supply regions including Europe: Sept. Sept. 16-30. delivery is one month earlier. expanding highly in the Algerian market.

Jordanian traders report that Jordan has issued a tender for 120,000 T of wheat.

Posted to Maritime Reporter on July 23, 2024

Jordan's national grain buyer issued an international bid to purchase 120,000 metric tonnes of milling wheat that can be sourced in a variety of origins. European traders confirmed this on Wednesday. The deadline to submit price proposals in the tender is 23 July.

Maersk reports that disruptions to container shipping via the Red Sea have increased.

Posted to Maritime Reporter on July 23, 2024

Denmark's A.P. Moller-Maersk, the Danish A.P. Maersk, among other shipping companies, has diverted ships around Africa's Cape of Good Hope to avoid attacks from Iran-aligned Houthi terrorists in the Red Sea since December. The longer voyage times have pushed freight rates up.

Delivering companies respond to Houthi attacks in Red Sea

Posted to Maritime Reporter on July 22, 2024

European ports. Below are actions taken by some shipping business (in. The French shipping group has suspended most Red Sea trips. but is still sending out some cargoes on a case by case basis when. French navy escorts are possible, Chairman and CEO Rodolphe. Saade said on Feb. 29.

UNIQUE -Singapore-Laos clean power deal stuck over transmission, sources say

Posted to Maritime Reporter on July 22, 2024

government sources acquainted with the matter said. historic when it was checked in 2022. the deal was valid for 2 years that ended June 22, 2024. the sources stated. Singapore, Malaysia and Thailand have up until Dec. straight associated with the settlements.

Tracking data shows that the oil tanker captured by Iran in 2023 is anchored near the coast of UAE, according to tracking data

Posted to Maritime Reporter on July 15, 2024

Ship tracking data revealed on Monday that a Chevron chartered oil tanker, seized by Iran over a year earlier, has anchored near the United Arab Emirates Port of Khor Fakkan. In April 2023, the Iranian military boarded the Marshall Islands-flagged…

South Korea's FLC purchased about 65,000 T of feed wheat, traders claim

Posted to Maritime Reporter on July 12, 2024

The Feed Leaders Committee of South Korea (FLC) purchased approximately 65,000 metric tonnes of animal feed wheat late Thursday in a private transaction without issuing a tender to the international market, European traders reported. Wheat was estimated to have cost $264.80 per ton, c&f.

South Korea's MFG bids for 140,000 t corn, traders claim

Posted to Maritime Reporter on July 11, 2024

Major Feedmill Group in South Korea (MFG) issued a tender for the purchase of up to 140.000 metric tons animal feed corn, which must be purchased from South America or South Africa alone, European traders reported on Thursday. The deadline to submit price bids in the tender is on Friday, July 12th.

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

Posted to Maritime Reporter on July 11, 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 17 July. Jordan's failure to purchase 120…

South Korean mills purchase 90 000 T of wheat from the U.S. and Canada

Posted to Maritime Reporter on July 10, 2024

European traders reported that a group of South Korean mills purchased an estimated 90,000.00 metric tons milling wheat from the United States of America and Canada on Wednesday in an international auction. They said that the purchase included 50…

Jordanian traders report that Jordan has issued a tender for the purchase of 120,000 T wheat.

Posted to Maritime Reporter on July 10, 2024

Jordan's national grain buyer issued an international bid to purchase 120,000 metric tonnes of milling wheat that can be sourced in a variety of origins. European traders confirmed this on Wednesday. The deadline to submit price proposals in the tender is 16 July.

Hurricane Beryl will limit shipping at the Port of Brownsville

Posted to Maritime Reporter on July 3, 2024

Port of Brownsville along the U.S./Mexico border announced on Wednesday it would restrict ship traffic because of hurricane Beryl's gale-force winds. Beryl is a Category 4-hurricane heading towards the Gulf. Michael Davis, the Harbor Master of Port Brownsville…

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