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South Korea's MFG purchased around 55,000 metric tonnes feed wheat, traders claim

Posted to Maritime Reporter on March 28, 2025

Major Feedmill Group of South Korea (MFG) bought about 55,000 metric tonnes of animal feed wheat from anywhere in the world on Friday, without holding an international tender. A consignment of goods was purchased for an estimated cost and freight (c&f)…

JLC and traders claim that China has set a second batch of export quotas for refined fuels at 12.8 million tonnes in 2025.

Posted to Maritime Reporter on March 28, 2025

China issued its second batch export quotas for refined fuels on Friday, with volumes lower than last year. This was confirmed by two sources from China and a consultancy. The second batch of allowances for last year included 14 million tonnes for gasoline…

Taiwan dismisses China's complaint about navy ship and trawler colliding

Posted to Maritime Reporter on March 27, 2025

Taiwan's Defence Minister dismissed China's complaint about a collision involving a Taiwanese Navy ship and a Chinese trawler, in the Taiwan Strait. Taipei said it will continue to conduct military exercises when necessary. China's Taiwan Affairs…

No injuries reported after collision between a Chinese fishing boat and a Taiwan Navy ship

Posted to Maritime Reporter on March 26, 2025

The Taiwanese Navy said that a landing ship of the Taiwanese Navy and a Chinese fishing vessel collided outside restricted waters early Thursday morning. There were no injuries. Chung Ho collided with Minlianyu 61756, a Chinese trawler, shortly after midnight…

TASS reports that a Russian Navy submarine launched missiles during drills in the Sea of Japan.

Posted to Maritime Reporter on March 26, 2025

The Russian state news agency TASS reported that a submarine of the Pacific Fleet of Russia conducted drills on the Sea of Japan. It launched cruise missiles against sea and coastal targets. "During an exercise scheduled, the diesel-electric…

LNG Canada will begin cooling down its plant next week, the final step to preparing for first LNG

Posted to Maritime Reporter on March 24, 2025

On April 1, an LNG tanker will arrive in Canada to cool down the LNG Canada plant in Kitimat (British Columbia), which is considered to be the final step before production of supercooled gas begins at the plant. The delivery is scheduled for early April.

Taiwan bids on approximately 100,000 T of wheat from the U.S.

Posted to Maritime Reporter on March 24, 2025

European traders reported on Monday that the Taiwan Flour Millers' Association had issued an international bid to buy an estimated 100,000 metric tonnes of grade 1 milling grain to be sourced in the United States. The deadline for submitting price offers is the 27th of March.

Poll shows that most Americans support Trump's push to rebuild US shipsbuilding to compete better with China

Posted to Maritime Reporter on March 21, 2025

A poll conducted on Friday revealed that 72% of Americans said the U.S. could not remain dependent on China or other foreign shipbuilders. Morning Consult conducted a survey on March 10-12 of 2,204 adults for the Alliance for American Manufacturing.

Hanwha Aerospace, South Korea plans a $2.5 billion capital increase for both domestic and foreign expansion

Posted to Maritime Reporter on March 20, 2025

Hanwha Aerospace Co Ltd, South Korea's biggest defence company, announced on Thursday that it planned to increase its equity capital by 3.6 trillion won ($2.5billion) in order to expand overseas and domestic production. Hanwha said it "plans"…

South Korea's MFG purchases about 69,000 t corn, traders claim

Posted to Maritime Reporter on March 14, 2025

European traders reported that the Major Feedmill Group of South Korea (MFG) bought approximately 69,000 metric tonnes of animal feed corn from South America or South Africa at a Friday international tender. A consignment of a shipment was purchased at a cost and freight rate (c&f)…

China Shipowners Group says US Port Fee Proposal Breaks WTO Rules, US Law

Posted to Maritime Reporter on March 13, 2025

According to a Thursday statement, the China Shipowners' Association is against a U.S. proposal that would impose hefty entry fees at ports on ocean cargo carriers who own vessels or have ordered them from China. The association says it violates both international laws and U.S. law.

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…

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…

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.

Trump's executive order will strengthen U.S. Shipbuilding in the face of China's dominance

Posted to Maritime Reporter on March 5, 2025

Donald Trump, the U.S. president, is currently drafting a draft executive order to resuscitate domestic shipbuilding while reducing China's dominance of the global ocean transportation industry which handles over 80% global trade. The draft fact sheet…

Trump creates office for shipbuilding and offers tax incentives

Posted to Maritime Reporter on March 5, 2025

On Tuesday, U.S. president Donald Trump informed Congress that his administration would create a shipbuilding office in the White House as well as offer new tax incentives to the sector. In a late-night address on Tuesday, Trump announced that…

China monitors Philippine supply run to grounded military ship on disputed Shoal

Posted to Maritime Reporter on March 4, 2025

The Chinese coastguard said on Wednesday that it had monitored a Philippine civil boat on Tuesday delivering daily supplies to the "illegally anchored" warship on the Second Thomas Shoal. China and the Philippines both claim the territory, and they often clash in the surrounding waters.

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.

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