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Monaco's Casirighi's team wins Admiral's Cup as they master the waves

Posted to Maritime Reporter on July 30, 2025

Monaco Yacht Club won the Admiral's Cup for the first time on Wednesday. They were the first team to win the prize from the Principality after a long series of races that culminated with the Fastnet Race. Monaco won the Fastnet final after a fierce battle in six inshore races on the Solent.

Two British brothers drown off the coast of Spain; father rescues them

Posted to Maritime Reporter on July 30, 2025

The regional emergency service reported on Wednesday that two British brothers, aged 11 and 13, drowned in the sea off the Spanish coast of Llarga, Catalonia. Their father, who had tried to save the boys, was rescued and survived. In a statement…

Sources say that Chevron has been granted a restricted US license for operations in Venezuela

Posted to Maritime Reporter on July 30, 2025

Three sources familiar with the decision announced on Wednesday that Chevron had been granted a limited U.S. operating license in Venezuela sanctioned by the United States. They added that money from oil revenues could not be transferred to the Venezuelan government of President Nicolas Maduro.

South Korea is expected to purchase approximately 45,200 metric tonnes of rice, traders claim

Posted to Maritime Reporter on July 30, 2025

Agro-Fisheries and Food Trade Corporation, a state-owned company in South Korea, has announced international tenders for the purchase of 45,200 metric tonnes of rice from Vietnam and Thailand. The deadline to submit price proposals in the tender is 8 August.

Fincantieri’s first-half revenue is driven by defence and underwater business

Posted to Maritime Reporter on July 30, 2025

Fincantieri, an Italian shipbuilder, reported on Wednesday that its core profits grew by 45% and revenues by 24% in the first six months of 2025. The key defence and undersea businesses saw particularly strong growth. The order book of the company…

Officials say that Bangladesh will buy 220,000 tonnes of wheat from the US to obtain tariff relief.

Posted to Maritime Reporter on July 30, 2025

A Dhaka official announced on Wednesday that the Bangladeshi government had approved the purchase of 220,000 metric tonnes of wheat from the United States in an effort to reduce the steep tariffs placed by the Trump Administration and ease U.S. Trade tensions.

Jordanian traders report that the country has issued a tender for up to 120,000 tonnes of wheat.

Posted to Maritime Reporter on July 30, 2025

European traders reported on Wednesday that Jordan's state grain purchaser has issued a tender for up to 120,000 tons of milling Wheat sourced from optional sources. Price offers must be submitted by August 5th. Traders had expected a new announcement after Jordan failed to purchase 120…

South Korea's NOFI purchases approximately 195,000 tons corn, traders claim

Posted to Maritime Reporter on July 30, 2025

European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 195,000 metric tonnes of animal feed corn on Wednesday in an international bid seeking up to a maximum of 207,000 tons.

Nippon Steel will supply steel for Vestas Wind Towers in Europe, Asia and Japan

Posted to Maritime Reporter on July 30, 2025

Nippon Steel and Vestas Wind Systems, a Danish wind turbine manufacturer, signed a memorandum of cooperation on Wednesday. The agreement outlines the supply of steel for Vestas wind towers in Europe, Asia, and Japan, according to Japan's Industry Ministry.

Libyan coastguards train in Greece to stem migration flows

Posted to Maritime Reporter on July 30, 2025

Greek sources reported on Wednesday that Libyan coastguard officers had begun training on the Greek Island of Crete, as part of an effort to improve cooperation between the two countries and stem the surge of migrants arriving. The maritime boundary agreement…

South Korea's NOFI buys estimated 195,000 T corn, traders say

Posted to Maritime Reporter on July 30, 2025

European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 195,000 metric tonnes of animal feed corn on Wednesday in an international bid seeking up to a maximum of 207,000 tons.

NOFI South Korea to purchase up to 207,000 t corn

Posted to Maritime Reporter on July 30, 2025

European traders reported on Wednesday that the leading South Korean feedmaker Nonghyup Feed Inc. has announced an international tender for up to 207,500 metric tons animal feed corn. The deadline to submit price offers for the tender is Wednesday, 30 July.

South Korean officials and business leaders make a last-ditch effort to secure a US trade agreement

Posted to Maritime Reporter on July 30, 2025

Seoul reported on Wednesday that three South Korean cabinet officials met U.S. commerce secretary Howard Lutnick for trade discussions in Washington. Top business leaders are also reportedly flying in to lobby for an agreement on U.S. Tariffs.

Taiwan's MFIG purchases about 65,000 t corn from the United States

Posted to Maritime Reporter on July 30, 2025

European traders reported that the MFIG group of Taiwan bought approximately 65,000 metric tonnes of animal feed corn, which was expected to come from the United States during an international auction on Wednesday. They said that the yellow corn was bought at a premium estimated to be 186.60 U.S.

South Korea's KFA Busan purchased about 66,000 T of corn in a private deal, traders claim

Posted to Maritime Reporter on July 30, 2025

According to European traders, the Busan section (KFA) of the Korea Feed Association in South Korea bought an estimated 66,000 tons of animal feed grain from optional origins on Tuesday in a private transaction without launching an international tender.

South Africa: US pushback on domestic race policies complicates trade deal

Posted to Maritime Reporter on July 29, 2025

A senior South African diplomat stated on Tuesday that U.S. requirements on domestic affirmative actions policies are complicating efforts to achieve a trade agreement, just days before a tariff of 30% on South African exports into the U.S. comes into effect.

Bonafous is the first woman skipper in history to win Fastnet at an IMOCA.

Posted to Maritime Reporter on July 29, 2025

Elodie bonafous carved a piece of offshore racing into history on Tuesday. She became the first woman in the IMOCA category to win the Rolex Fastnet Race, after a nail biting duel which went to the end. After more than two racing days in a record-breaking 444-strong crew…

18 migrants dead, 50 missing following shipwreck east of Libya

Posted to Maritime Reporter on July 29, 2025

The International Organization for Migration reported on Tuesday that at least 18 migrants were killed in a shipwreck near the eastern Libyan city of Tobruk over the weekend. Another 50 remain missing. IOM reported that ten survivors had been identified so far.

Royal Caribbean raises its annual profit forecast due to steady cruise demand

Posted to Maritime Reporter on July 29, 2025

Royal Caribbean increased its annual profit forecast Tuesday, betting on resilient demand for luxury destinations even though the cruise operator expects higher fuel costs to pressure it. In premarket trading, the company's shares fell about…

Iran's SLAL has bid for 120,000 metric tonnes of corn, traders claim

Posted to Maritime Reporter on July 29, 2025

European traders reported on Tuesday that the Iranian state-owned animal feeding importer SLAL had issued a tender for up to 120,000 metric tonnes of animal feed corn. They said that the deadline for submitting price offers was also Tuesday, 29 July.

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