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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.

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…

Egypt's wheat reserve is enough to last more than five and a half months, says PM

Posted to Maritime Reporter on October 9, 2024

The Prime Minister Mostafa Mdbouly stated on Wednesday that Egypt has enough wheat reserves to last more than five-and-a half months. He also said Egypt was building reserves as a preventative measure, as tensions in the region escalate. He…

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.

Tunisia purchases approximately 125,000 metric tonnes barley at tender, traders claim

Posted to Maritime Reporter on October 8, 2024

European traders reported that Tunisia's state grain agency purchased approximately 125,000 metric tonnes of animal feed barley at an international auction on Tuesday. Barley was bought for the lowest price, $231.60 per ton with freight included (c&f), from Dreyfus and Dreyfus.

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.

Egypt's GASC says it will disclose any direct wheat deals when asked about a reported deal.

Posted to Maritime Reporter on October 4, 2024

In response to an earlier report this week regarding a direct contract for monthly wheat supplies, Egypt's state grain buyer stated on Friday that it is fully committed to disclosing all deals or tenders completed by the authority. The General…

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…

No alternative routes for Spanish olive oil after US port strike

Posted to Maritime Reporter on October 3, 2024

In the wake of a recent strike in U.S. East Coast and Gulf Coast ports, olive oil exporters from Spain, the largest producer in the world, warned that there were no viable alternatives to reach the lucrative U.S. market. Asoliva, the Spanish association of olive oil producers and exporters…

In September, ARA's gasoline exports to West Africa reached a multi-year low.

Posted to Maritime Reporter on October 3, 2024

The Belgian law that restricts the export of low-quality fuels, and financial constraints on the part of Nigerian importers are making it difficult for buyers in Northwest Europe to sell gasoline to West Africa. They will have to look at other…

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.

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