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May 9, 2025
China's crude oil imports in April slowed compared to the previous month, but increased 7.5% compared to a year ago due largely to an abundance of shipments sanctioned by the government and because state refineries built up stocks during maintenance shut-downs.
Posted to Maritime Reporter
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May 8, 2025
The new US ambassador in Panama, who was appointed on Thursday, pledged to further strengthen the ties between the Central American nation and the United States while highlighting China as a threat to all. "My first priority will be to enhance…
Posted to Maritime Reporter
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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.
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.
Posted to Maritime Reporter
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May 5, 2025
The Philippines deployed a coastguard vessel and an airplane to confront and escort the Chinese research ship that it claimed was engaged in illegal marine scientific research within its exclusive economic zone. PCG released a statement Monday…
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May 5, 2025
Hanwha Ocean, a South Korean shipbuilder, hopes to increase its revenue from overseas naval vessels to 4 trillion won (2.91 billion dollars) by 2030. It also hopes to receive more repair orders from U.S. Navy. After President Donald Trump's executive order to restore U.S.
Posted to Maritime Reporter
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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.
Posted to Maritime Reporter
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May 5, 2025
State media reported that nine people were killed when "sudden powerful winds" capsized 4 tourist boats in Southwestern China and swept 84 people into water. The Xinhua News Agency reported that a person was still missing and the search for her was continuing…
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April 29, 2025
China's Navy conducted a South China Sea patrol on Tuesday. It claimed that the Philippines was creating "disturbances", and conducting its own patrols in conjunction with other countries. China, which claims nearly the entire South China Sea…
Posted to Maritime Reporter
on
April 29, 2025
State media KCNA reported that North Korea conducted the first test firing of the weapon system of its new "Choe-Hyon-class" of warships earlier this week. The report stated that artillery and cruise missiles were fired during the test firing attended by Kim Jong Un…
Posted to Maritime Reporter
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April 29, 2025
Petrobras, the Brazilian state-owned energy giant, said that it was looking to attract new Chinese investment to Brazil's oil, gas and naval sectors, particularly, on Tuesday as its Chief executive Magda Chambriard visited the Asian country.
Posted to Maritime Reporter
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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.
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April 28, 2025
Maeil Business Newspaper reports that the state-run Korea Development Bank of South Korea plans to sell its Hanwha Ocean shares. The newspaper, without citing any sources, reported that KDB planned to divide its 19,5% stake in the shipbuilder after a bookbuilding on Monday.
Posted to Maritime Reporter
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April 28, 2025
On Monday, a senior South Korean official said that Seoul will not agree to a package of trade deals with Washington before the June 3 presidential elections. He also noted the challenges in reaching an agreement even by early July. Seoul's…
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on
April 28, 2025
The Philippines denied on Monday that news reports claiming Beijing had seized control over a reef in dispute in the South China Sea were true, after their personnel landed and discovered no Chinese presence on the unoccupied sandbars. The Chinese…
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on
April 28, 2025
On Monday, a senior South Korean official ruled out the possibility of a deal being reached with the United States before the presidential elections in the Asian nation on June 3. He also noted that reaching an agreement even by early July would be difficult.
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April 28, 2025
South Korean companies Korea Midland Power Co. (KOMIPO), Korea Southern Power Co. (KOSPO), and SK subsidiary PRISM Energy International, have released a tender to purchase one liquefied gas (LNG). The cargo is due for delivery in the month of June.
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April 25, 2025
North Korean leader Kim Jong Un was at a launch ceremony of a new multipurpose destroyer, according to KCNA. Jo Chun Ryong was quoted by the Workers' Party as saying that the 5,000-tonne ship was built with "our own technology and strength" in 400 days.
Posted to Maritime Reporter
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April 25, 2025
According to a congressional aide and a document, Republicans in the U.S. Congress are planning to introduce a sweeping 150 billion dollar defense package. This will provide an initial boost of $27 billion to President Donald Trump’s controversial Golden Dome shield missile defense system.
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April 24, 2025
Seoul's trade delegation announced after the first round in Washington that the United States and South Korea had agreed to create a package of trade measures aimed at removing any new U.S. duties before the reciprocal tariff pause is lifted in the month of July. Scott Bessent, U.S.
