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Sources: Egypt's GASC has agreed to a large direct wheat contract

Posted to Maritime Reporter on October 2, 2024

Two sources who have direct knowledge of this matter said that Egypt's state grain buyer had agreed to one of its largest direct wheat contracts for monthly supplies between November and April. One source said that the wheat would be delivered to the General Authority for Supply Commodities…

Egypt increases local wheat purchase price by 10%

Posted to Maritime Reporter on October 2, 2024

The government announced on Wednesday that Egypt had increased its local wheat purchase price by 10%, to 2,200 Egyptian pound ($45.51), per 150 kilograms (ardeb). Hossam El Gahary, vice-chairman of the General Authority for Supply Commodities and state buyer…

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…

Algeria offers to purchase up to 320,000 t of corn, traders claim

Posted to Maritime Reporter on October 2, 2024

European traders reported on Wednesday that the Algerian state agency ONAB had issued an international tender for up to 320,000 tons of animal feedcorn sourced only from Argentina or Brazil. They said that the deadline for submitting price offers to the tender is Thursday October 3.

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

Posted to Maritime Reporter on October 2, 2024

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 to submit price proposals in the tender is October 8. Traders had expected a new announcement after Jordan failed to purchase 120…

CNBC reports that Novo Nordisk has plans in place to mitigate the impact of port strikes on its business.

Posted to Maritime Reporter on October 1, 2024

CNBC, citing a spokesperson for the company, reported Tuesday that Danish drugmaker Novo Nordisk had mitigation plans in place in order to minimize or avoid any disruption in its production caused by sea port strikes in United States. Reports…

Fed's outlook is further impacted by the US port strike

Posted to Maritime Reporter on October 1, 2024

Officials at the U.S. Federal Reserve were also shocked by the COVID-19 pandemic, which has caused a massive disruption to global supply chains. They thought that the impact of backed-up container ships and disrupted ports would only cause "temporary" inflation.

Morocco will import more wheat than France from Russia in 2024/25: grain traders chief

Posted to Maritime Reporter on October 1, 2024

Omar Yacoubi, head of the Moroccan grain trader's association (FNCL), said that Russia will surpass France as Morocco's leading soft wheat supplier in 2024/25. Morocco must import 5 million tons of soft grain after a poor domestic harvest caused by drought, said the official.

Jordan has 5 bidders in the 120,000 T wheat auction, traders claim

Posted to Maritime Reporter on October 1, 2024

Initial assessments indicate that five trading companies have participated in the international bid on Tuesday by Jordan's state grain buyer to buy 120,000 metric tonnes of wheat. They said that they believed the participants to be CHS Cargill…

New Fortress Energy exports Mexico's first LNG cargo

Posted to Maritime Reporter on September 30, 2024

New Fortress Energy, a U.S. energy company that specializes in infrastructure development, said it shipped its first shipment of liquefied gas from Mexico to the United States on Monday. This was after the start-up of the floating facility worth $1 billion in the Gulf of Mexico had been delayed.

Data shows that a sanctioned LNG tanker passes through the Suez Canal.

Posted to Maritime Reporter on September 30, 2024

LSEG data revealed on Monday that the Pioneer tanker sanctioned by America for its links with Russian-sourced liquefied gas (LNG) has passed through Suez Canal carrying an LNG cargo. It was not immediately known where the LNG-flagged Pioneer would be heading or what its source was.

Storm John disposes nearly one meter of rain on southern Mexican state

Posted to Maritime Reporter on September 27, 2024

devalued to tropical anxiety, however its residues poured a. deluge of almost 100 cm (39 inches) of rain on the southern. state of Guerrero. 4 days of constant rain splashing the home state of major. beach resort Acapulco have actually practically tripled the rainstorm from last.

Mexico's Pemex ships first fuel export from brand-new Olmeca refinery to India

Posted to Maritime Reporter on September 27, 2024

expenses, according to shipping data and industry sources. ends on Sept. wean Mexico off pricey motor fuel imports. Sept. 11, according to information from ship-tracking service Kpler. from Corpus Christi in Texas on Sept. 15, the data showed. production of different items such as glass or steel.

Tropical Storm John's rain in Mexico is far more than Otis

Posted to Maritime Reporter on September 27, 2024

Tropical Storm John, which crawled slowly along Mexico's Pacific Coast on Friday, has now accumulated more rain in the four days since it hit the state where the major beach resort Acapulco is located than the torrential downpour of last year's destructive Hurricane Otis.

White House encourages unions and employers to negotiate new port contract

Posted to Maritime Reporter on September 27, 2024

A White House official stated that the Biden administration is encouraging unions and employers to quickly and in good faith negotiate a new contract ahead of any possible strike on Tuesday at ports. The International Longshoremen's Association…

Agriculture groups call on White House to act ahead of possible port strike

Posted to Maritime Reporter on September 27, 2024

Nearly 200 agricultural organizations urged the White House on Friday morning to address U.S. agriculture supply chain issues, in light of a possible East and Gulf Coast ports strike that could start on Tuesday. According to the groups, there are "imminent and serious shipping disruptions"…

Algerian corn tender says it has bought an unknown quantity of South American corn

Posted to Maritime Reporter on September 27, 2024

European traders reported on Friday that Algerian state agency ONAB purchased an unknown quantity of animal feed corn from Argentina or Brazil as part of an international tender which ended on Thursday. The tender was for up to 240.000 tons.

Costco is preparing for the US port strike by doing "a little bit of everything".

Posted to Maritime Reporter on September 26, 2024

Costco Wholesale, a U.S. retailer, is taking many steps to prepare for a possible strike next week in U.S. port cities on the East Coast of the United States and the Gulf of Mexico. The company's CEO said this on Thursday. Costco CEO Ron Vachris…

Reports and sources confirm that at least four people have died after an oil barge sinks off Venezuela.

Posted to Maritime Reporter on September 26, 2024

According to sources and a report on the accident, at least four people are dead after an oil barge sank in Venezuela's Lake Maracaibo. The barge was operated by a contractor for the state-run PDVSA energy company. The report said that another…

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