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South Korea's FLC purchases 65,000 T of corn in a private deal, traders claim

Posted to Maritime Reporter on November 26, 2024

The Feed Leaders Committee of South Korea (FLC) bought around 65,000 tons of animal feed in a private transaction on Monday, without launching an international tender. European traders confirmed this on Tuesday. The United States and South America were expected to supply the product.

US Navy patrol aircraft flys through Taiwan Strait

Posted to Maritime Reporter on November 26, 2024

In a press release, the U.S. 7th Fleet stated that a U.S. Navy Patrol aircraft crossed the Taiwan Strait Tuesday "in international aviation", demonstrating the United States commitment to a open and free Indo-Pacific. Around once a week, U.S.

Google will build a subsea cable connecting Australia's Darwin and Christmas Island

Posted to Maritime Reporter on November 25, 2024

Christmas Island, Australia's Indian Ocean Territory, will be connected to Darwin in the north by a subsea cable. The project is backed by Alphabet and Australia claims it will increase its digital resilience. Christmas Island, located 1,500 km west of Australia's mainland and with only 1…

Paris wheat prices fall due to the euro's strength, which is export-punishing

Posted to Maritime Reporter on November 25, 2024

The European wheat price fell on Monday due to a rising euro against the dollar, which makes supplies denominated in euros more expensive on global markets. The benchmark December milling grain on the Paris-based Euronext Exchange ended down 2% to 214.50 Euros ($224.69).

Paris wheat prices fall on the back of a weak euro.

Posted to Maritime Reporter on November 25, 2024

The European wheat price fell on Monday due to a rising euro against the dollar, which makes supplies denominated in euros more expensive on global markets. Euronext's benchmark December milling grain fell by 2%, to 214.75 euro ($225.17) per metric ton at 1646 GMT.

28 people rescued from a sinking tourist boat off the Red Sea coast of Egypt

Posted to Maritime Reporter on November 25, 2024

Red Sea Governorate released a statement Monday stating that 28 Egyptians were rescued after a tourist vessel sank near the Red Sea coast. The search for the remaining 17 passengers and crew members continues. According to a statement from the governorate…

Algeria offers to purchase 240,000 T of corn and 70,000 t soymeal

Posted to Maritime Reporter on November 25, 2024

European traders reported on Monday that the Algerian state agency ONAB had issued international tenders for up to 240,00 metric tons animal feed corn, and 70,000 metric tons soymeal. The deadline to submit price offers for the tenders is on Tuesday, November 26.

Wheat falls due to supply pressure; soybeans rebound from a one-month low

Posted to Maritime Reporter on November 25, 2024

Chicago wheat prices fell Monday due to ample supplies, as the fear of a worsening conflict between Russia and Ukraine threatening Black Sea exports receded. Soybeans are up on the back of increased buying interest following contract lows in the last week.

Eight migrants drowned off the Greek island of Samos

Posted to Maritime Reporter on November 25, 2024

Authorities said that the Greek coastguard found eight bodies - six women and two minors - of migrants who drowned in the Aegean sea off the island Samos. The coast guard reported that Greek police discovered 36 more people alive on Samos' northern coast.

16 people rescued from a sinking tourist boat off the Red Sea coast of Egypt

Posted to Maritime Reporter on November 25, 2024

Three security sources said that the Egyptian authorities had rescued 16 passengers after a tourist vessel sank near its Red Sea coastline. Search operations were continuing for any remaining passengers or crew. According to a Red Sea Governorate statement…

Wheat falls due to supply pressure; soybeans rebound from a one-month low

Posted to Maritime Reporter on November 25, 2024

Chicago wheat prices eased Monday due to ample supplies. The market gave up gains made earlier by concerns over Black Sea shipments. Corn fell, but soybeans rose. One grains trader from Singapore said that the market for wheat was initially supported by the escalations around Black Sea…

Australia dominates the Dubai SailGP opener

Posted to Maritime Reporter on November 23, 2024

DUBAI (Nov 23) - Triple SailGP champions Australia began their campaign for 2025 with authority, taking the lead on the first day of racing in Dubai. The Australians showed off their tactical skills in a new, striking livery. Chris Draper joined…

EU wheat prices pause after a 6-day rally due to the Black Sea crisis and weak euro

Posted to Maritime Reporter on November 22, 2024

The price of European wheat fell on Friday, after six sessions of gains. This was due to the improved prospects of the Australian harvest. However, the sharp drop in the euro and the intensification of the conflict in Ukraine continued to support the market.

Turkey is selling and exporting 150,000 T of feed barley to traders, they say

Posted to Maritime Reporter on November 22, 2024

European traders reported on Friday that the Turkish state grain board TMO had issued an international tender for the sale and export of approximately 150,000 metric tonnes of animal feed barley. The deadline to submit price proposals in the tender is November 28. Between Dec. 18, 2020, and Jan.

Chicago wheat to rise 6% weekly on Black Sea supply concerns

Posted to Maritime Reporter on November 22, 2024

Chicago wheat prices eased slightly on Friday, but are still expected to gain 6% in the week, after Russia launched an hypersonic missile into a Ukrainian town, raising fears about possible disruptions of exports. As of 1230 GMT the most active wheat contract on Chicago Board of Trade was down 0.1…

Chicago wheat to rise 6% a week on Black Sea supply concerns

Posted to Maritime Reporter on November 22, 2024

Chicago wheat rose on Friday and is expected to gain more than 6% in the coming week. This was due to a Russian hypersonic missile being launched at a Ukrainian town, which raised concerns about possible disruptions of exports. As of 0355 GMT…

Sources say that Rongsheng Petchem, a Chinese company, will buy heavy oil in February from Canada and Ecuador.

Posted to Maritime Reporter on November 22, 2024

According to sources in the trade, Rongsheng Petrochemical purchased 2.65 million barrels (or 98.4 million gallons) of heavy crude oil for delivery in February from the Americas. Sources said that the three Canadian crude cargoes, each of which is 550…

Rolex increases SailGP support as crews head to Dubai for the new season

Posted to Maritime Reporter on November 21, 2024

SailGP's fifth season will begin in Dubai at the weekend, with Rolex as the title sponsor. This partnership has been in place since the creation of the league. Rolex has been involved with sailing for almost 70 years and will become the title…

Euronext Wheat extends rally, with Black Sea as focus

Posted to Maritime Reporter on November 21, 2024

The benchmark European wheat price rose for the fifth session in a row on Thursday, reaching a record high of three weeks. This was due to the fall of the euro against the dollar as well as a Russian missile attack against Ukraine that kept…

Spithill makes his debut with the Red Bull Italy SailGP Team in Dubai

Posted to Maritime Reporter on November 21, 2024

Red Bull Italy SailGP Team, the 12th and last entry in the SailGP 2025 season, was unveiled on Thursday. The team, led by Jimmy Spithill will debut at this weekend's Emirates Dubai Sail Grand Prix. Italian driver Ruggero TITA and strategist Giulia FAVA are both double Olympic medalists.

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