Posted to Maritime Reporter
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September 25, 2024
Euronext Wheat Futures edged up on Wednesday, as the dry weather in Russia and Ukraine is hindering sowing. This has raised early concerns over next year's harvest. However, brisk Black Sea exports kept prices under control. Euronext's December wheat was trading at 220.50 euro ($245.70)…
Posted to Maritime Reporter
on
September 25, 2024
off the task at seaports on the U.S. East and Gulf Coasts on Oct. 1, cutting off crucial trade arteries simply weeks ahead of the. country's governmental election. A strike would strike 36 ports that manage about half of. U.S. ocean imports. That could affect accessibility of a variety of.
Posted to Maritime Reporter
on
September 25, 2024
off the job at seaports on the U.S. East and Gulf Coasts on Oct. 1, cutting off vital trade arteries just weeks ahead of the. nation's presidential election. A strike would hit 36 ports that manage about half of. U.S. ocean imports. That could impact availability of a series of.
Posted to Maritime Reporter
on
September 25, 2024
The Energy Information Administration reported on Wednesday that U.S. crude oil stocks fell by more than expected last week and reached their lowest level for nearly two-and-a half years. The EIA reported that crude stocks fell by 4.5m barrels, to 413m barrels for the week ending Sept. 20.
Posted to Maritime Reporter
on
September 25, 2024
According to traders, four trading companies have so far participated in the international bid of Jordan's state grain buyer for up to 120,000 tons animal feed barley to be purchased on Wednesday. Trading houses believed to have participated so far are Viterra, Bunge and Al Dahra.
Posted to Maritime Reporter
on
September 25, 2024
European traders reported that the importer group TFMA, based in Thailand, purchased between 60,000 and 65,000 metric tonnes of animal feed wheat during a Wednesday tender for up to 195,000 tones. It was not clear what volume was purchased,…
Posted to Maritime Reporter
on
September 25, 2024
U.S. firms that depend on East and Gulf Coast ports have imported early, moved goods to the West Coast and even put cargo on expensive flights to hedge against an upcoming strike on Oct. 1, which could disrupt supply chains and ignite inflation in advance of the U.S. Presidential election.
Posted to Maritime Reporter
on
September 25, 2024
off the job at seaports on the U.S. East and Gulf Coasts on Oct. 1, cutting off essential trade arteries simply weeks ahead of the. country's governmental election. A strike would hit 36 ports that manage about one-half. of U.S. ocean imports. That might affect accessibility of a variety.
Posted to Maritime Reporter
on
September 25, 2024
The state grain buyer of Jordan has announced an international tender for up to 120,000 tons of milling whey that can come from optional origins. The deadline to submit price proposals in the tender is October 1. Traders had expected a new announcement after Jordan failed to purchase 120…
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.
Posted to Maritime Reporter
on
September 25, 2024
Market sources reported that Kuwait Petroleum Corporation (KPC), which operates the Al Zour refinery in Kuwait, will close a tender for low-sulfur fuel oil on Wednesday. The fuel oil is expected to be loaded between October and December of this year.
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.
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.
Posted to Maritime Reporter
on
September 24, 2024
Yemen's Vice-President stated on Tuesday that the escalation of Middle East hostilities has made it more urgent for regional and global stakeholders to develop a new strategy in order to contain the increasingly well armed Houthi rebels who are backed by Iran.
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.
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.
Posted to Maritime Reporter
on
September 23, 2024
The military reported on Monday that at least 30 bodies in decomposition were discovered in a boat floating 70 km (38 miles) off Dakar's coast, the capital of Senegal. In a military statement, it was revealed that the navy had been informed…
Posted to Maritime Reporter
on
September 23, 2024
Port and military officials confirmed on Monday that an Egyptian warship had delivered a second large cache of weapons to Somalia, including anti-aircraft cannons and artillery. This move is likely to cause further friction between Egypt and Ethiopia.
Posted to Maritime Reporter
on
September 23, 2024
State television reported that three migrants had died and at least another 25 people were missing after the boat they were on sank off the Greek Island of Samos. The Greek coastguard has said that it has rescued five migrants to date. A search…
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on
September 23, 2024
European traders reported on Monday that the Iranian state-owned animal feeding importer SLAL had issued an international bid to purchase at least 120,000 metric tonnes of animal feed barley. They said that the deadline for submitting price offers to the tender is Tuesday 24th September.
