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Tunisia purchases soft wheat worth 100,000 tonnes, traders claim

Posted to Maritime Reporter on March 13, 2025

European traders reported that Tunisia's grain agency purchased approximately 100,000 metric tonnes of soft wheat at an international tender held on Thursday. Traders said that the lowest price for 25,000 tons of 25,000 tonnes sold by Casillo was $268.67 per ton, including cost and freight.

Jordanian traders claim that the country will buy up to 120,00 metric tons of feed barley.

Posted to Maritime Reporter on March 13, 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 to submit price proposals in the tender is on March 19. Traders…

DP World's outlook is uncertain after a 28% drop in annual profits

Posted to Maritime Reporter on March 13, 2025

DP World, a Dubai owned ports and logistics firm, reported a 28% decline in annual profits on Thursday, citing increased finance costs. The company also highlighted an uncertain outlook because of "geopolitical risk" and a changing global trade landscape.

South Korea's KFA purchased 65,000 T of corn, traders claim

Posted to Maritime Reporter on March 13, 2025

According to European traders, the Korea Feed Association in South Korea bought an estimated 65,000 tons of animal feed grain from worldwide sources in a private transaction late on Wednesday night without holding an international tender. The…

The outlook for record Chinese soybean imports in the second quarter may ease supply constraints

Posted to Maritime Reporter on March 13, 2025

Analysts and traders said that China will receive record soybean imports during the second quarter after delays in Brazilian shipments, and slow customs clearances, caused a shortage of supply, forcing several processors into a halt. According to a five-firm average…

Panama Canal Fees This Year 15% Below 2024, Authority Says

Posted to Maritime Reporter on March 12, 2025

The Panama Canal Authority's Ricaurte Vaquez said in a Wednesday video conference that the fees for vessels passing through the canal this year were 15% lower than last year, as the waterway has more capacity. A severe drought that will occur…

Jordan offers to purchase up to 120,000 tonnes of wheat, traders claim

Posted to Maritime Reporter on March 12, 2025

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 18 March. Traders had expected a new announcement after Jordan failed to purchase 120…

Tidebound, Gaimin and Xtreme continue their journey at PGL 3

Posted to Maritime Reporter on March 12, 2025

Team Tidebound won on Tuesday, Gaimin Gladiators, and Xtreme Gaming also did to secure their berths for the PGL Wallachia 3, Romania playoffs. The three winners improved their record to 3-1 during the group stage. Team Liquid, Team Spirit and…

State oil company executive says Nigeria can meet OPEC production target

Posted to Maritime Reporter on March 11, 2025

A senior executive of Nigeria's national oil company NNPC told reporters on Tuesday that Nigeria would be able meet OPEC production targets. Udobong Nitia is the executive vice president for upstream at NNPC. He said that after years of not meeting OPEC quotas Nigeria finally met them in January.

Russell: Crude oil battle for market share may start in Asia

Posted to Maritime Reporter on March 11, 2025

Saudi Arabia and Russia, the top crude oil exporters in Asia, are boosting their cargoes for the region that is world's largest importer. China, which is the largest oil importer in the world, has emerged as the ground zero of the two exporters…

Officials in Sri Lanka welcome Adani's investment opportunities

Posted to Maritime Reporter on March 11, 2025

The spokesperson for the Sri Lankan cabinet said that the country has not changed its position on doing business in India with the Adani Group, and it welcomes any investment opportunities offered by the conglomerate. U.S. prosecutors indicted…

Police: Australian surfer believed dead after shark attack

Posted to Maritime Reporter on March 11, 2025

Police said that a surfer was feared dead on Tuesday after a shark attacked him in shallow water at a remote Western Australian beach. Witnesses heard screams and saw a struggle at Wharton Beach in a remote area about 800 km (497miles) from Perth, the capital of the state.

Russell: Crude oil battle for market share may start in Asia

Posted to Maritime Reporter on March 11, 2025

Saudi Arabia and Russia, the top crude oil exporters in Asia, are boosting their cargoes for the region that is world's largest importer. China, which is the largest oil importer in the world, has emerged as the ground zero of the two exporters…

Vitol CEO: China's GDP growth and concerns about demand threaten oil prices globally

Posted to Maritime Reporter on March 10, 2025

Vitol CEO Russell Hardy stated on Monday that the recent slowdown in economic growth, both in China and worldwide, has had a negative impact on oil demand. Benchmark oil prices fell to a three-year-low of $68.33 per barrel last week, and traded below $70 on Monday.

Tariffs loom as US container imports reach near record levels in February

Posted to Maritime Reporter on March 10, 2025

The U.S. imports of containers increased by 4.7% in February compared to the same month last year, but may drop in the coming months, as the U.S.'s trade war with China, and other trading partners, takes hold. Descartes, a supply chain technology company, said this on Monday.

Algeria announces tender for milling wheat traders claim

Posted to Maritime Reporter on March 10, 2025

European traders reported on Monday that Algeria's state grain agency OAIC had issued a tender for the international purchase of milling wheat. The deadline to submit price offers for the tender is March 12th, with all offers valid until March 13th.

UK Coastguard responds after ship collision near northeast coast

Posted to Maritime Reporter on March 10, 2025

The Maritime and Coastguard Agency announced on Monday that Britain's Coastguard was responding to reports about a collision involving a cargo vessel and a tanker off England's Northeastern Coast. The agency reported that a helicopter, fixed-wing aircraft and lifeboats…

Ferretti, the Italian yacht manufacturer, is looking to acquire a new boat this year

Posted to Maritime Reporter on March 10, 2025

Ferretti, the Italian yacht manufacturer, plans to acquire a company or asset this year. The Chief Executive did not specify whether it would be a brand name, a yard, or something else. Alberto Galassi, CEO of the company, told journalists that there were three files.

South Korea wants to clear up any "misunderstanding" with the US regarding tariff rates

Posted to Maritime Reporter on March 10, 2025

South Korea's acting President on Monday instructed authorities to communicate actively with the U.S. Administration to resolve any misunderstandings over tariffs. This comes after U.S. president Donald Trump singled out South Korea recently for applying high tariffs.

IOM reports over 180 missing people after capsized boats off Yemen

Posted to Maritime Reporter on March 7, 2025

The International Organisation for Migration reported that more than 180 migrants were missing and believed to be dead after the two boats in which they were traveling capsized on rough seas near Yemen, Thursday. IOM reported that the boats…

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