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South Korea's KFA purchased about 65,000 T of corn in a private deal, traders claim

Posted to Maritime Reporter on April 3, 2025

According to European traders, the Korea Feed Association in South Korea purchased approximately 65,000 metric tonnes of animal feed corn on Thursday in a private transaction without launching an international tender. You can get corn from anywhere in the world.

Asia wants more fuel oil from Nigeria's Dangote Refinery

Posted to Maritime Reporter on April 3, 2025

Singapore, Asia's oil hub, is expected to receive more fuel from Nigeria's Dangote Refinery in April. This follows a spike in arrivals last month. Sources said that the refinery offered to export additional residual fuel in its most recent tender, which was held this week.

Volkswagen to charge 'import fees' on cars affected by tariffs, WSJ reports

Posted to Maritime Reporter on April 2, 2025

The Wall Street Journal reported that Volkswagen would introduce an "import charge" on affected vehicles by the 25% tariffs levied by U.S. president Donald Trump. Reports citing an internal memo sent to retailers said that the German automaker had temporarily stopped rail shipments from Mexico…

Kremlin: Dmitriev, Putin's investment representative, may visit Washington

Posted to Maritime Reporter on April 2, 2025

The Kremlin confirmed on Wednesday that a visit by Kirill Dmitriev - the investment envoy of Russian President Vladimir Putin - to the United States to meet with Donald Trump's officials is possible. However, it declined to provide any additional details.

German wind farms are asked to install radar due to security concerns

Posted to Maritime Reporter on April 2, 2025

The Federal Maritime Authority announced on Wednesday that wind farms near the German coast in northern Germany have been requested to install radar equipment to improve surveillance of drones and ships. The Russian invasion of Ukraine, which…

Caspian Pipeline Consortium suspends operations at 2 of 3 mooring points in its sea terminal

Posted to Maritime Reporter on March 31, 2025

The Caspian Pipeline Consortium, which exports Kazakhstan and Russia's crude oil via the Black Sea to Europe, announced Monday that two of the terminal's three moorings points had been halted. CPC, which transports about 1% world oil and is a major route for Kazakhstan oil exports…

IAM secures tentative agreement for 4,900 rail freight workers

Posted to Maritime Reporter on March 31, 2025

The International Association of Machinists and Aerospace Workers, or IAM, announced on Monday that it had reached a tentative agreement with the National Carriers' Conference Committee of America (NCCC), a group representing U.S. freight railways. This agreement is part of a recent wave in the U.S.

Two foreign tankers suspected of carrying diesel fuel smuggled by Iran's Revolutionary Guards are seized

Posted to Maritime Reporter on March 31, 2025

Iranian state media reported that Iran's Revolutionary Guards seized on Monday two foreign tankers, allegedly carrying diesel fuel worth over 3 million litres (792 516 US gallons). The report did not mention the nationality of the tanker or whether its crew was detained.

ArcelorMittal South Africa delays plant closure following $92 million injection

Posted to Maritime Reporter on March 31, 2025

ArcelorMittal South Africa has announced that it will delay the closure of the long-steel plants in its loss-making state until August 31, after receiving a $191.50-million injection from the Industrial Development Corporation. After failing to receive concessions from the government on its demands…

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)…

Bolivia is expecting five fuel cargoes to pass through Chile before April 4, YPFB reports

Posted to Maritime Reporter on March 27, 2025

The company announced on Thursday that Bolivia's energy company YPFB will receive a total five cargoes of diesel and gasoline through Chile before April 4. Three of these cargoes are expected to be imported directly from Houston. YPFB confirmed on Thursday the origin of the goods…

Turkey is considering offers for 50,000 T of durum wheat, traders report

Posted to Maritime Reporter on March 27, 2025

The traders reported that the highest price in the tender by Turkey's TMO state grain board to sell and export 50 000 metric tons durum wheat, which closed Thursday, was $315.50 per ton FOB. Viterra, a trading company, was said to be the one who made the offer of 50,000 tons.

Jordanian traders claim that the country has issued a tender for up to 120,000 T wheat.

Posted to Maritime Reporter on March 26, 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 for submitting price offers to the tender is on April 8. The traders had expected…

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.

Trump will impose a 25% tariff on countries who buy oil and gas from Venezuela

Posted to Maritime Reporter on March 24, 2025

Donald Trump, the U.S. president, said Monday that any country buying oil or gas in Venezuela would be charged a 25% duty on all trades with the United States. The "secondary tariffs" will go into effect on April 2nd, Trump stated in a Truth Social posting.

Morocco, which is suffering from a severe drought, will extend the wheat import subsidy until year-end

Posted to Maritime Reporter on March 24, 2025

The Moroccan government will extend the current soft wheat subsidy program until December 31, the state grain agency ONICL announced on Monday. This means that the country, which is suffering from a drought, will have to import all year. ONICL…

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.

Spiegel reports that Germany has confiscated a tanker belonging to the Russian "shadow fleet".

Posted to Maritime Reporter on March 21, 2025

Spiegel, citing anonymous security sources, reported that Germany had confiscated an old tanker, found drifting off its northern coast, believed to be a part of the shadow fleet Russia used to circumvent oil sanction. German authorities seized the Panama-flagged vessel…

Spiegel reports that Germany has confiscated a tanker belonging to the Russian "shadow fleet".

Posted to Maritime Reporter on March 21, 2025

Spiegel, citing anonymous security sources, reported that Germany had confiscated an old tanker, found drifting off its northern coast, believed to be a part of the shadow fleet Russia used to circumvent oil sanction. German authorities seized the Panama-flagged vessel…

Jordanian traders claim that Jordan has bid to purchase 120,000 metric tonnes of feed barley.

Posted to Maritime Reporter on March 20, 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 26 March. The traders…