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South Korea's NOFI purchases about 60,000 T of soymeal from traders

Posted to Maritime Reporter on October 11, 2024

European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc. purchased up to 60 000 metric tons soymeal at an international auction on Friday. The seller could also supply the product from the United States, or China.

S.Korea Hanwha sweetens its takeover offer to Singapore Dyna-Mac

Posted to Maritime Reporter on October 14, 2024

Hanwha Group, a South Korean conglomerate, increased its offer on Monday for the remaining share it doesn't already own in Singapore-based Dyna-Mac. The offshore oil and natural gas contractor is valued at S$790.6m ($605.41m). Hanwha had previously offered S$0.60 for each share.

SailGP teams will be using faster T-shaped foils from 2025

Posted to Maritime Reporter on October 13, 2024

SailGP said that it plans to equip its fleet of F50 mono-design boats, starting next year with a new foil type, in order to increase the speed and tighten the racing. The organizers of the global racing circuit's fifth season, which begins in Dubai next month…

Officials say that Ukraine's grain exports in 2024/25 will fall to 40 million tonnes due to a smaller crop.

Posted to Maritime Reporter on October 11, 2024

The first deputy minister of agriculture Taras Vysotskiy stated on Friday that Ukraine's grain exports in 2024/25 are expected to drop to 40 million metric tonnes from nearly 51 million tons in the previous year due to a smaller crop. Vysotskiy…

Officials say that Ukraine's grain exports in 2024/25 will fall to 40 million tonnes due to a smaller crop.

Posted to Maritime Reporter on October 11, 2024

The first deputy minister of agriculture Taras Vysotskiy stated on Friday that Ukraine's grain exports in 2024/25 are expected to drop to 40 million metric tonnes from nearly 51 million tons in the previous year due to a smaller crop. Vysotskiy…

Market sources claim that Russian strikes on Ukraine’s ports have increased insurance rates.

Posted to Maritime Reporter on October 10, 2024

Insurance sources and a broker reported on Thursday that a series of Russian missile attacks on Ukrainian Black Sea port infrastructure, as well as commercial vessels, has caused a spike in insurance rates and forced some shipowners cancel bookings.

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

Posted to Maritime Reporter on October 10, 2024

Feed Leaders Committee, a South Korean import group, purchased up to 60 000 metric tons soymeal on Thursday. The soymeal could have been sourced in South America or the United States and China. They said that the FLC purchased from Cofco at a price of $398.50 per metric ton, c&f.

Market sources claim that Russian strikes on Ukraine’s ports have increased insurance rates.

Posted to Maritime Reporter on October 10, 2024

Insurance sources and a broker reported on Thursday that a series of Russian missile attacks on Ukrainian Black Sea port infrastructure, as well as commercial vessels, has caused a spike in insurance rates and forced some shipowners cancel bookings.

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

Posted to Maritime Reporter on October 10, 2024

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 October 16. Jordan's failure to purchase 120…

Jordan does not purchase 120,000 T of barley, traders claim

Posted to Maritime Reporter on October 9, 2024

European traders claim that Jordan's state grain purchaser is not believed to have purchased any barley in the international tender for animal feed barley, which closed on Tuesday. The trading houses that participated were believed to include Viterra, Ameropa, and Olam.

Jordanian traders report that 3 people participated in the 120,000 T barley auction.

Posted to Maritime Reporter on October 9, 2024

Traders said that three trading companies have so far been reported to be participating in the international bid of Jordan's state grain buyer for up to 120,000 tons animal feed barley to be purchased on Wednesday. Viterra, Ameropa, and Olam…

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

Posted to Maritime Reporter on October 9, 2024

European traders reported on Wednesday that Jordan's state grain purchaser has issued an international bid to purchase up to 120,000 tons of milling Wheat sourced from optional sources. The deadline to submit price offers is October 15. Traders…

Singapore to mandate digital bunker notes starting April 2025

Posted to Maritime Reporter on October 9, 2024

Amy Khor said that Singapore's senior minister for transport Amy Khor announced at the SIBCON2024 conference that marine fuel suppliers in Singapore, the world's biggest bunker hub, would be required to offer digital bunkering and electronic bunker delivery note starting April 1, 2025.

Trade sources claim that Trader Vitol is selling Venezuelan oil to Indian refiners.

Posted to Maritime Reporter on October 8, 2024

Trade sources reported that two Indian state refiners bought 2,000,000 barrels of Venezuelan oil from Vitol, for delivery in November. This is despite the fact that Venezuelan crude shipments continue to increase to what was previously Venezuela's second-largest oil market.

Bangladesh announces tender for 50,000 T of wheat, traders claim

Posted to Maritime Reporter on October 7, 2024

European traders reported on Monday that Bangladesh's state grain buyer had issued an international bid to purchase 50,000 tons of milling Wheat. They said that the deadline for submitting price offers was October 22. CIF terms are used to determine the price offered in the tender.

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

Posted to Maritime Reporter on October 4, 2024

European traders reported on Friday 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 October 9. Jordan's failure to purchase 120…

Shipping stocks slide after US port strike ends

Posted to Maritime Reporter on October 3, 2024

Shipping shares fell across Asia Friday, after U.S. port operators and workers reached an agreement to end the strike at docks on the East Coast and Gulf Coast much sooner than expected. Evergreen Marine, Wan Hai Lines, and Yang Ming Marine…

Kazakhstan wants clarification from Russia on grain transit stop

Posted to Maritime Reporter on October 3, 2024

Kazakh officials announced on Thursday that Kazakhstan had halted its grain exports to Russia. They also said they asked Moscow to prove the claims of having violated plant health rules, which Moscow cited as the reason for a ban on imports and transits of Kazakh grain.

Jordan does not purchase 120,000 T of barley, traders claim

Posted to Maritime Reporter on October 2, 2024

European traders claim that Jordan's state grain purchaser is not believed to have purchased any barley in the international tender for animal feed barley, which closed on Tuesday. Viterra, Bunge Ameropa, and Al Dahra are believed to have participated. The prices offered were not disclosed.

Jordanian traders report that Jordan has 4 participants in the 120,000 T barley auction.

Posted to Maritime Reporter on October 2, 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. Traders said that Viterra, Bunge Ameropa, and…

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