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Egypt and EU sign 90 million Euro deal to boost food safety

Posted to Maritime Reporter on March 3, 2025

The Egyptian Ministry of International Cooperation announced on Monday that Egypt and the European Commission had signed a soft funding agreement worth 90 million euros ($93.9 millions) to improve food security. The European Investment Bank's…

US aircraft carrier visits South Korea to show force against North Korea

Posted to Maritime Reporter on March 3, 2025

South Korea's Navy said that the USS Carl Vinson aircraft carrier arrived in Busan, a southern port city in South Korea, on Sunday to make a display of force against North Korea. The first U.S. Aircraft Carrier to dock in a South Korean Port since the second term of U.S.

South Korea's Industry Minister seeks exemption from Trump tariffs

Posted to Maritime Reporter on February 28, 2025

Seoul's Industry Ministry said that the South Korean industry minister asked for a tariff exemption during talks with U.S. officials, while Washington is moving forward with plans to implement new tariffs. Ahn Duk Geun met with U.S. Trade Representative Jamieson Greer, U.S.

Norwegian Cruise Line's profit forecast for the year is below expectations despite steady demand

Posted to Maritime Reporter on February 27, 2025

Norwegian Cruise Line Holdings reported a profit that was below Wall Street expectations on Thursday. This means the cruise operator must increase its efforts to cut costs in order to meet high demand for leisure travel. Oceania Cruises shares…

South Korea's NOFI buys estimated 133,000 T corn, traders say

Posted to Maritime Reporter on February 27, 2025

European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 133,000 metric tonnes of animal feed corn at an international auction on Thursday. Two consignments of corn were purchased for South Korea, both in May and in June.

South Korea's NOFI buys estimated 133,000 T corn, traders say

Posted to Maritime Reporter on February 27, 2025

European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 133,000 metric tonnes of animal feed corn at an international auction on Thursday. Two consignments of corn were purchased for South Korea, both in May and in June.

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

Posted to Maritime Reporter on February 27, 2025

Jordan's state grain purchaser has announced an international tender for up to 120,000 tons of milling whey that can come from optional origins. The deadline for submitting price offers to the tender is March 11, 2019. Traders had expected a new announcement after Jordan failed to purchase 120…

Norway's Subsea Seven core profit to increase 53% by 2024

Posted to Maritime Reporter on February 27, 2025

Subsea 7 - a Norwegian energy services group that plans to merge its Italian rival Saipem - announced on Thursday that its core profit increased 53% in the last year, as per its previous guidance. Subsea 7 announced adjusted earnings before taxes…

Wheat losses extend as cold snap does not cause major damage to winter crops

Posted to Maritime Reporter on February 27, 2025

Chicago wheat futures declined on Thursday. Their decline from an eight-month peak last week has now reached around 7%. It became apparent that Northern Hemisphere Winter crops had survived a period with cold weather without major damage. All…

Petrobras' Logistics unit reports 74% increase in net profit

Posted to Maritime Reporter on February 26, 2025

Transpetro is the logistics division of Brazil's Petrobras. It reported on Wednesday a 74% rise in its net profit in 2024. This was despite the fact that the parent company's profit dropped due to non-recurring incidents in the period. Transpetro…

Samba project of Navy transgender women in the spotlight during Rio Carnival

Posted to Maritime Reporter on February 26, 2025

In the last few weeks, a group of Brazilian transgenders women has been learning the samba as they prepare for the Carnival parade in Rio de Janeiro. The women will be leading the last section of a parade in support of Paraiso do Tuiuti samba school…

Saipem claims Subsea 7, Inc. merger is driven by fleet expansion

Posted to Maritime Reporter on February 26, 2025

The CEO of Italy's Saipem group stated on Wednesday that the rationale behind a merger of Italy's Saipem with Norway's Subsea 7 was to combine fleets to better serve customers and reduce costs. On Sunday, the two companies announced their intention…

Marsa Maroc will operate a second terminal at Morocco’s Nador West Med Port

Posted to Maritime Reporter on February 26, 2025

Marsa Maroc, Morocco’s largest port operator, announced on Wednesday that it had been awarded a contract for the operation of a second terminal in Nador West Med Port on the Mediterranean Coast. The terminal is 18 meters deep and extends along 1440 metres of quay.

Copenhagen Infrastructure Partners buys Morecambe Wind Project

Posted to Maritime Reporter on February 26, 2025

The fund manager announced on Wednesday that Copenhagen Infrastructure Partners had agreed to purchase an offshore wind project from COBRA Group and Flotation Energy in Britain. Morecambe is a 480 megawatt offshore wind project located in the Eastern Irish Sea, off the coast of Lancashire.

South Korea's KFA purchased 65,000 T of corn from the United States, traders claim

Posted to Maritime Reporter on February 26, 2025

According to European traders, the Korea Feed Association in South Korea bought an estimated 65,000 tons of animal feed grain expected to come from the United States on Tuesday in a private transaction without holding an international tender.

Japan's ANA orders 77 jets from Boeing, Airbus and Embraer

Posted to Maritime Reporter on February 25, 2025

ANA Holdings, a Japanese airline, said it would place a record-breaking order of up to 77 planes to replace its fleet and capitalize on the growing travel demand. ANA reported that the order, which was its biggest ever in terms aircraft numbers…

Airbus builds communication network for French Air and Naval Forces

Posted to Maritime Reporter on February 25, 2025

Airbus, a European aerospace and planemaker, announced on Tuesday that it would build the French Air and Naval Force's communications network under a contract worth up to 480 million euro ($502.46million). Airbus Defence and Space and Naval…

Romanian Black Sea Offshore Gas Project gears up for drilling

Posted to Maritime Reporter on February 25, 2025

The sun glares into the navigation room of Transocean Barents semi-submersible drill rig, which is anchored in Romania’s Constanta port. The Mighty Barents, also known as the Mighty Barents, will be traveling 160 kms to the sea in a few weeks and will begin drilling the 10 wells of Neptun Deep.

South Korean Minister heads to Washington for exemption from Trump tariffs

Posted to Maritime Reporter on February 25, 2025

His ministry announced that South Korea's Minister of Industry Ahn Duk Geun would travel to Washington D.C. between Wednesday and Friday to push for a further exemption from U.S. Steel Tariffs and to discuss ways to increase cooperation in energy and shipsbuilding.

Bangladesh launches new tender for rice purchase of 50,000 tonnes, traders claim

Posted to Maritime Reporter on February 25, 2025

The state grain buyer of Bangladesh has announced a new international bid to buy 50,000 metric tonnes of rice. The deadline to submit price offers is March 11, 2019. After a heavily damaged domestic crop last year, Bangladesh continues to purchase large quantities of rice on international markets.

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