Posted to Maritime Reporter
on
April 29, 2025
In an international auction held on Tuesday, the Major Feedmill Group of South Korea (MFG) bought approximately 66,000 metric tonnes of animal feed corn, which could have been sourced from either the United States, South America, or South Africa.
Posted to Maritime Reporter
on
April 28, 2025
In order to stop the attacks on Red Sea shipping by Yemen's Iran supported Houthis, the United States increased its strikes this year. However, rights activists are concerned about civilian casualties. Here are a few facts about the U.S. Campaign and a list with some of the largest strikes.
Posted to Maritime Reporter
on
April 28, 2025
Maeil Business Newspaper reports that the state-run Korea Development Bank of South Korea plans to sell its Hanwha Ocean shares. The newspaper, without citing any sources, reported that KDB planned to divide its 19,5% stake in the shipbuilder after a bookbuilding on Monday.
Posted to Maritime Reporter
on
April 28, 2025
A security official said that the coast guard of Tunisia recovered eight bodies from the wreckage of a boat which sank near the coast on its way to Europe. He added that 29 others were also rescued. The boat capsized in the waters near Abwabed…
Posted to Maritime Reporter
on
April 28, 2025
An official document published on Monday showed that Egypt, the world's largest wheat importer, had purchased 466,266 tons of wheat directly from local farmers, since the official procurement season began in mid-April. This is a drop of over 37% compared to the same period last year.
Posted to Maritime Reporter
on
April 28, 2025
Estonia released the oil tanker Kiwala that was detained for not having a valid flag. The Estonian Navy detained the tanker bound for Russia and boarded it on April 11, 2019. The tanker is believed to be a part of the so-called “shadow fleet”…
Posted to Maritime Reporter
on
April 28, 2025
These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. On Sunday night, a boat that was carrying dozens of passengers struck the ferry near the Memorial Causeway Bridge. The U.S.
Posted to Maritime Reporter
on
April 28, 2025
On Monday, a senior South Korean official said that Seoul will not agree to a package of trade deals with Washington before the June 3 presidential elections. He also noted the challenges in reaching an agreement even by early July. Seoul's…
Posted to Maritime Reporter
on
April 28, 2025
Al Masirah TV, a Houthi-run channel in Yemen, reported that 68 bodies had been recovered and 47 more were injured after an American strike on Saada struck a centre for African migrants. Saada, a Houthi stronghold, was also previously targeted by U.S. airstrikes.
Posted to Maritime Reporter
on
April 28, 2025
The Philippines denied on Monday that news reports claiming Beijing had seized control over a reef in dispute in the South China Sea were true, after their personnel landed and discovered no Chinese presence on the unoccupied sandbars. The Chinese…
Posted to Maritime Reporter
on
April 28, 2025
On Monday, a senior South Korean official ruled out the possibility of a deal being reached with the United States before the presidential elections in the Asian nation on June 3. He also noted that reaching an agreement even by early July would be difficult.
Posted to Maritime Reporter
on
April 28, 2025
South Korean companies Korea Midland Power Co. (KOMIPO), Korea Southern Power Co. (KOSPO), and SK subsidiary PRISM Energy International, have released a tender to purchase one liquefied gas (LNG). The cargo is due for delivery in the month of June.
Posted to Maritime Reporter
on
April 28, 2025
Local officials reported multiple injuries in Clearwater after a ferry accident near the city’s Memorial Causeway Bridge. A ferry with more than 40 people aboard was struck by a boat which fled the scene. The scene was attended by police and firefighters.
Posted to Maritime Reporter
on
April 27, 2025
According to a Turkish filing, CEVA Corporate Services, a subsidiary of French shipping giant CMA CGM, has agreed to buy Borusan Tedarik Zinciri Cozumleri ve Teknoloji's logistics division for $440m. Borusan Yatirim stated in the filing on the…
Posted to Maritime Reporter
on
April 25, 2025
North Korean leader Kim Jong Un was at a launch ceremony of a new multipurpose destroyer, according to KCNA. Jo Chun Ryong was quoted by the Workers' Party as saying that the 5,000-tonne ship was built with "our own technology and strength" in 400 days.
Posted to Maritime Reporter
on
April 25, 2025
The World Bank steering committee endorsed on Friday the lender's plans for exploring options to expand access to energy, including possible financing for nuclear power. This is in line with U.S. President Donald Trump’s directives to increase energy financing.
Posted to Maritime Reporter
on
April 25, 2025
The mining and transport conglomerate Grupo Mexico announced a 17% increase in its first-quarter profit on Friday. This was primarily due to higher metal prices. The miner's net profit jumped to $1.09bn, far exceeding the $816m estimate of analysts polled at LSEG.
Posted to Maritime Reporter
on
April 25, 2025
The Dutch prosecutor said that they summoned Damen Shipyards, a shipbuilder in the Netherlands, on suspicion of violating EU Sanctions against Russia. They also opened a separate corruption case against Damen Shipyards and its top executives. The company denied the accusations.
Posted to Maritime Reporter
on
April 25, 2025
European traders reported on Friday that a state grain buyer in Syria still considers price offers for an international tender to purchase about 100,000 metric tonnes of soft milling Wheat which closed this past week without any purchase being made.
Posted to Maritime Reporter
on
April 25, 2025
According to a congressional aide and a document, Republicans in the U.S. Congress are planning to introduce a sweeping 150 billion dollar defense package. This will provide an initial boost of $27 billion to President Donald Trump’s controversial Golden Dome shield missile defense system.
