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Monday, July 14, 2025

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Algerian traders believe Algeria has passed on 320,000 T of corn tender

Posted to Maritime Reporter on May 15, 2025

European traders reported on Thursday that the Algerian state agency ONAB was believed to not have made any substantial purchases in an auction which closed on February 28th for up to 320,000 tons of corn, to be sourced exclusively from Argentina or Brazil.

Egypt purchases 2.5 million tons wheat from local farmers in this season

Posted to Maritime Reporter on May 15, 2025

Egypt, one of the top wheat importers, has bought 2.5 million tons of wheat this season from local farmers, according to a cabinet statement released on Thursday. The procurement this season has increased by a small amount compared to the 2024 period.

The PM announces that Sailing-Italy will host the 2027 America's Cup at Naples.

Posted to Maritime Reporter on May 15, 2025

The next America's Cup will be held in Naples in 2027, announced Prime Minister Giorgia Melons on Thursday. This is the first time that Italy has hosted the sailing's most prestigious event. New Zealand, three-times champions and defending hosts of the event…

GFSA reports that Saudi Arabia has issued a tender for the purchase of 655,000 metric tonnes of wheat.

Posted to Maritime Reporter on May 15, 2025

General Food Security Authority announced on Thursday that Saudi Arabia had issued a tender for 655,000 metric tonnes of wheat to be shipped between August and October 2025. European traders expect the price offer results to be available on Monday, 19 May.

Mike Lynch's boat doomed to extreme winds, interim report finds

Posted to Maritime Reporter on May 15, 2025

A UK interim report on Thursday said that winds exceeding 117 km/h probably caused the superyacht to sink off Sicily in 2013, killing British tech tycoon Mike Lynch, among others. Marine Accident Investigations Branch in Britain said that the 56-metre (184-foot-long) Bayesian…

Estonian Navy says it attempted to detain a Russian'shadow Fleet' in Baltic Sea

Posted to Maritime Reporter on May 15, 2025

The Estonian Navy reported that it tried to detain an oil tanker bound for Russia under sanctions by Britain on Tuesday, claiming it had sailed without a flag and sailed in an illegal manner. However, it did not board the vessel when it refused cooperation, instead escorting to Russian waters.

South Korea's MFG purchases 60,000 metric tonnes soymeal from traders

Posted to Maritime Reporter on May 14, 2025

Major Feedmill Group of South Korea (MFG) bought about 60,000 tons of soymeal from South America on Wednesday in a deal that was not subject to an international tender, traders reported. The estimated cost and freight per ton was $346.40, including the surcharge for port unloading.

South Korea's NOFI buys estimated 65,000 T corn, traders say

Posted to Maritime Reporter on May 14, 2025

European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought approximately 65,000 metric tonnes of animal feed corn on Wednesday in an international bid seeking up to 138,000 metric tons.

French Foreign Minister: EU envoys have agreed on 17th package of sanctions against Russia

Posted to Maritime Reporter on May 14, 2025

Jean-Noel Barrot, the French Minister of Foreign Affairs said that on Wednesday, EU diplomats announced sanctions on nearly 200 tankers from Russia's "shadow fleet". Sources who spoke anonymously said that although two countries need to consult with their parliaments about the details…

Hapag-Lloyd CEO: Trade truce between U.S. and China gives Hapag-Lloyd a boost

Posted to Maritime Reporter on May 14, 2025

Hapag-Lloyd's CEO Rolf Habben Jansen said on Wednesday that the company is experiencing a higher demand this week for freight traffic between China and the United States, following the detente reached in the trade dispute between the two countries.

Hong Kong's CK Hutchison ensures legal compliance in port deal

Posted to Maritime Reporter on May 12, 2025

Hong Kong's CK Hutchison announced on Monday that the closely monitored port deal it has negotiated will adhere strictly to all compliance standards. In March, the Hong Kong-based conglomerate controlled by tycoon Li Kashing agreed to sell the bulk of its global ports business worth $22.8 billion…

Officials from Mexico's Pemex have said that the company plans to export less crude as a new refinery is built.

Posted to Maritime Reporter on May 12, 2025

A company director stated on Monday that the trading arm of Mexico’s state company Pemex (PMI) anticipates a decrease in crude oil exported this year, as more will go to local refineries and especially the new Olmeca Refinery. Margarita Perez…

New York SailGP fixes the issue of sailing-wingsail

Posted to Maritime Reporter on May 12, 2025

SailGP announced on Monday that all repairs and upgrades of the 12 wingails on the F50 Catamarans would be completed before the New York Sail Grand Prix. SailGP cancelled the Rio event in last month because of a defect in its wingsail, which…

New York SailGP fixes the issue with wingsails

Posted to Maritime Reporter on May 12, 2025

SailGP announced on Monday that all repairs and upgrades of the 12 wingails on the F50 Catamarans would be completed before the New York Sail Grand Prix. SailGP cancelled the Rio event in last month because of a defect in its wingsail, which…

Fincantieri's Q1 core profits jump 53.5% and confirms forecasts for 2025

Posted to Maritime Reporter on May 12, 2025

Fincantieri announced a 53.5% increase in its first-quarter core profits to 154 millions euros ($170.72million), driven by a strong performance in all segments, especially in shipbuilding and increased revenues in defence. Fincantieri, based in Trieste…

Algeria announces new tender for corn up to 320,000 t, traders claim

Posted to Maritime Reporter on May 12, 2025

European traders reported on Monday that the Algerian state agency ONAB had issued a tender for a new international purchase of up to 320,000 tons of animal feed grain sourced only from Argentina or Brazil. They said that the deadline for submitting price offers is May 13th.

Shipping group Maersk: US-China agreement is a positive step; shares soar

Posted to Maritime Reporter on May 12, 2025

Maersk, a Danish shipping company, said that on Monday the agreement between China & the United States on a 90-day suspension of tariffs & reciprocal duties is a positive step. At 0948 GMT, shares of Maersk were trading 12.9% higher. In an email…

Trump allows commercial fishing in New England Marine Monument

Posted to Maritime Reporter on May 9, 2025

According to a White House spokesperson, President Donald Trump will sign on Friday a proclamation that restores commercial fishing access at a marine monument off New England. The move aligns with the Trump Administration's efforts to reduce…

Trump allows commercial fishing in New England Marine Monument

Posted to Maritime Reporter on May 9, 2025

According to a White House spokesperson, U.S. president Donald Trump will issue on Friday a proclamation to restore commercial fishing access to the marine national monument located off New England. The proclamation will reopen the nearly 5…

Yven is the first woman to win Transat Paprec in two dramatic finishes

Posted to Maritime Reporter on May 9, 2025

Charlotte Yven became the first woman in history to win the Transat Paprec two times, crossing the Caribbean finish with co-skipper Hugo Dhallenne. This was after a nail biting final that saw all 13 top boats finish within 3 hours of one another.

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