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

Posted to Maritime Reporter on May 8, 2025

European traders reported that the Feed Leaders Committee, a South Korean import group, purchased 60,000 metric tonnes of soymeal on Thursday in an international auction. The soymeal was expected to come from South America. It is believed that the FLC purchased from Cargill, a trading house.

Maersk keeps 2025 outlook unchanged; Q1 profits beat forecast

Posted to Maritime Reporter on May 8, 2025

Shipping group A.P. Moller-Maersk reported a first-quarter operating income that was above expectations on Thursday and maintained its profit forecast for the full year. In a press release, CEO Vincent Clerc stated that "we delivered strong results in comparison to the same quarter of last year.

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

Posted to Maritime Reporter on May 8, 2025

According to European traders, the Korea Feed Association in South Korea purchased between 65,000 and 70,000 metric tonnes of animal feed corn from optional origins on Wednesday in a private transaction without launching an international tender.

Israeli strikes Yemen's Hodeidah following Houthi attacks on Israel

Posted to Maritime Reporter on May 5, 2025

Israel said that it conducted airstrikes on Yemen's Hodeidah Port Monday, one day after Iran-aligned Houthis launched a missile near Israel's primary airport. In a press release, the military claimed that it had attacked targets it considered terrorists in Hodeidah.

South Korea's MFG purchased 65,000-70,000 T corn privately, traders claim

Posted to Maritime Reporter on May 5, 2025

Major Feedmill Group of South Korea (MFG) bought between 65,000 and 70,000 metric tonnes of animal feed corn late last week in a private transaction without issuing a tender to the international market, European traders reported on Monday. The estimated cost per ton was $248.40, including freight.

Two dead after Peru Navy vessel strikes Perenco oil platforms in Amazon

Posted to Maritime Reporter on May 2, 2025

The Peruvian Defense Ministry announced on Friday that two people were killed and another was missing after a Peruvian Navy vessel collided on the Amazon River with a Perenco oil platform. The B.A.P. was navigating the area during a transit operation.

Tunisia purchases 25,000 T of feed barley through a restricted tender, traders claim

Posted to Maritime Reporter on April 30, 2025

European traders reported that Tunisia’s state grain agency purchased approximately 25,000 metric tonnes of animal feed barley at an international auction on Wednesday, with limited participation. Viterra, a trading house, was said to have bought…

CNBC interviews LA port official who says that shipping volume will drop by 35% next Monday.

Posted to Maritime Reporter on April 29, 2025

Gene Seroka said that the Los Angeles port expects a 35% decrease in cargo coming from Asia in the next week in an interview with CNBC on Tuesday. He said that major American retailers had stopped all shipments to China. This contributed to 45% of the traffic in Los Angeles.

South Korea's MFG purchases about 66,000 T of corn, traders claim

Posted to Maritime Reporter on April 29, 2025

In an international auction held on Tuesday, the Major Feedmill Group of South Korea (MFG) bought approximately 66,000 metric tonnes of animal feed corn, which could have been sourced from either the United States, South America, or South Africa.

French CMA CGM acquires Turkish Borusan Logistics subsidiary for $440 million

Posted to Maritime Reporter on April 27, 2025

According to a Turkish filing, CEVA Corporate Services, a subsidiary of French shipping giant CMA CGM, has agreed to buy Borusan Tedarik Zinciri Cozumleri ve Teknoloji's logistics division for $440m. Borusan Yatirim stated in the filing on the…

Traders say that no purchase has yet been made in Syria's 100,000-metric-ton wheat tender

Posted to Maritime Reporter on April 25, 2025

European traders reported on Friday that a state grain buyer in Syria still considers price offers for an international tender to purchase about 100,000 metric tonnes of soft milling Wheat which closed this past week without any purchase being made.

Singapore's Keppel reports higher first-quarter profits on infrastructure boost

Posted to Maritime Reporter on April 23, 2025

Singapore's Keppel Ltd announced on Thursday that its net profit for the first quarter, excluding legacy assets in offshore and maritime (O&M), increased by 25%. This was due to a strong performance from its infrastructure segment, and a stronger performance in asset-management.

Bloomberg News reports that Indian billionaire Adani will sell Australia terminal to Adani Ports

Posted to Maritime Reporter on April 17, 2025

Bloomberg News reported that Indian billionaire Gautam Adani, who is India's biggest private port operator, will transfer the ownership of a terminal in Australia to Adani Ports & Special Economic Zone for a total amount of $2.4 billion. The…

Russia claims new Estonian legislation is a threat to Baltic shipping security

Posted to Maritime Reporter on April 17, 2025

Maria Zakharova, spokeswoman for the Russian Foreign Ministry, said that Estonians' adoption of legal changes allowing their navy to use force on foreign vessels is a provocative act that puts shipping and security at risk in the Baltic Sea.

Tunisia receives offers for 75,000 T of soft wheat tender, traders report

Posted to Maritime Reporter on April 17, 2025

European traders reported that the lowest price offered by Tunisia's grain agency in its international tender on Thursday for about 75,000 tons of soft wheat cost and freight included was $262.91 per ton. No purchase has been made yet, but offers are still being evaluated.

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

Posted to Maritime Reporter on April 17, 2025

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 for submitting price offers is April 23, 2019. Traders had expected…

Tunisia offers to purchase 75,000 T of soft wheat, traders report

Posted to Maritime Reporter on April 16, 2025

European traders reported on Wednesday that Tunisia's grain agency issued an international bid to buy an estimated 75,000 tons of soft milling Wheat. Wheat can come from a variety of origins. They said that the deadline for submitting price offers was Thursday, April 17.

Port executive: Imports to Port of Los Angeles may fall due to tariffs in May

Posted to Maritime Reporter on April 11, 2025

Port of Los Angeles Executive Director Gene Seroka stated on Friday that imports to the country's busiest seaport may drop as early as May as companies stop orders as a result of President Donald Trump's increasing tariffs against China and other trading partners.

Chevron's Venezuelan crude oil cargoes are stuck at sea following export cancellations

Posted to Maritime Reporter on April 11, 2025

Two sources familiar with the situation said that at least two vessels chartered by Chevron to transport Venezuelan crude are stranded in Venezuelan waters because the state oil company PDVSA canceled their export authorizations following the U.S.

Last week, South Korea's FLC purchased about 65,000 t corn from the U.S.

Posted to Maritime Reporter on April 10, 2025

The Feed Leaders Committee of South Korea (FLC) purchased around 65,000 tons of animal feed grain expected to come from the United States, in a private transaction late last week. This was done without launching an international tender. They…

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