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Wednesday, December 18, 2024

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ADNOC L&S signs contracts for 23 supertankers worth $4.4bn, according to the state news agency

Posted to Maritime Reporter on November 7, 2024

ADNOC Logistics & Services has signed contracts for $4.4 billion in order to build 23 supertankers that will transport ethane and ammonia, as well as liquefied gas. This was reported by the UAE state news agency on Thursday. ADNOC CEO Abdulkareem Al Masabi stated that the company…

The first Chinese Vendee Globe sailer aims to inspire future generation

Posted to Maritime Reporter on November 7, 2024

Xu Jingkun, the only Chinese skipper among the 12 non French skippers who will start the 10th edition on Sunday of the Vendee Globe, is the first to sail non-stop alone around the world despite having lost his left arm when he was 12. Xu, the…

Deutsche Bank reduces its ECB terminal rates forecast by 1.5% due to tariff threats

Posted to Maritime Reporter on November 7, 2024

Deutsche Bank has lowered their forecast for the ECB terminal rate from 2.25% to 1.5%, due to the prospect that U.S. Tariffs will be implemented under a Donald Trump Administration, weaker macroeconomic performance and the risk of inflation below target.

South Korea's Yoon and Trump discuss security relations, shipbuilding, Seoul official claims

Posted to Maritime Reporter on November 6, 2024

A senior South Korean official revealed on Thursday that South Korean President Yoon Suk Yeol spoke with Donald Trump, the U.S. president-elect. They discussed maintaining close ties in all fields including security and economy. The official…

Jordanian traders report that Jordan has issued a tender for 120,000 T of wheat.

Posted to Maritime Reporter on November 6, 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 a variety or origins. European traders confirmed this on Wednesday. The deadline to submit price proposals in the tender is November 12.

Financial Times - Nov. 6

Posted to Maritime Reporter on November 5, 2024

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. The Competition and Markets Authority (UK's competition regulator) has approved the domestic…

Canada - Nov 5

Posted to Maritime Reporter on November 5, 2024

These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. The BC Maritime Employers Association has locked out all unionized supervisors in British Columbia ports.

Hanwha, a South Korean company, has revised its offer to Dyna-Mac founder.

Posted to Maritime Reporter on November 4, 2024

Hanwha Group, a South Korean conglomerate, increased its offer to S$790.6m ($599.44m) on Tuesday. The largest shareholder in Singapore's Dyna-Mac will now tender his entire stake following the increase. Hanwha did not find the initial offer, S$0.60 a share, made by Dyna-Mac on 10 October compelling.

Williams ends his decorated career in New Zealand

Posted to Maritime Reporter on November 4, 2024

Kerri Williams, New Zealand's best female rower, announced her retirement Monday. This comes months after she won bronze in the coxless quartet at the Paris Games. Williams was one of four New Zealanders to win Olympic gold, silver, and bronze.

EU wheat falls to 2-month lows as Egypt's tender shows Black Sea competition

Posted to Maritime Reporter on November 4, 2024

Euronext wheat dropped on Monday to its lowest level in two months as a large number of Black Sea suppliers offered to supply a current Egyptian tender, highlighting the export competition despite Russian efforts to introduce minimum prices for overseas sales.

EU wheat falls to 2-month lows as Egypt's tender shows Black Sea competition

Posted to Maritime Reporter on November 4, 2024

Euronext wheat dropped on Monday to its lowest level in two months as a large number of Black Sea suppliers offered to Egypt's tender highlighted the export competition despite Russian efforts to introduce minimum prices for overseas sales.

South Korean feedmaker purchased 66,000 T of corn in private transaction, traders claim

Posted to Maritime Reporter on November 4, 2024

European traders reported on Monday that Cargill Agri Purina, a South Korean feedmaker, is believed to be the buyer of approximately 66,000 metric tonnes of animal feed corn on Friday in a private transaction without issuing a tender. Optionally…

Egypt resumes its wheat tender after August's failed buying

Posted to Maritime Reporter on November 3, 2024

Egypt's State Grain Buyer, the General Authority for Supply Commodities(GASC), announced on Sunday that it is seeking an unspecified quantity of wheat for an international buying tender for the First Time Since August. It said that the deadline for offers is November 4…

South Korea's KFA Busan purchased 70,000 T of corn in a private deal, traders claim

Posted to Maritime Reporter on November 1, 2024

According to European traders, the Korea Feed Association's (KFA) Busan Section in South Korea bought an estimated 70,000 tons of animal feed grain from South America or South Africa on Thursday in a deal that was not subjected to an international tender.

China's PLA Navy performs first dual aircraft formation in South China Sea

Posted to Maritime Reporter on October 31, 2024

The PLA navy announced that China's aircraft carriers Liaoning, Shandong, and Xiamen conducted dual carrier formation exercises in the South China Sea for the first. This move will allow China's Navy to carry out more complex and diverse missions.

Israeli conservationists release endangered Hawksbill Turtles into the Red Sea

Posted to Maritime Reporter on October 31, 2024

Israel Nature and Parks Authority announced on Thursday that Israeli conservationists have released three hawksbills turtles into Red Sea as part of an effort to restore the population of this critically endangered species. Three females, who…

Huntington Ingalls reduces revenue forecast for 2024 due to navy deal and labour issues

Posted to Maritime Reporter on October 31, 2024

Huntington Ingalls, the largest U.S. shipbuilder, cut its revenue forecast for 2024 due to supply chain problems, uncertainty over navy agreements and labor shortages. This sent its shares down by roughly 7% in premarket. The company expects that shipbuilding revenues…

Tunisia is reportedly buying 75,000 metric tonnes of durum wheat.

Posted to Maritime Reporter on October 31, 2024

European traders reported on Thursday that Tunisia's grain agency issued an international bid to buy an estimated 75,000 tons of durum Wheat. They said that the origin of the offer was optional, and that deadline for submitting offers is November 1.

Norwegian Cruises increases its annual profit forecast due to robust travel demand

Posted to Maritime Reporter on October 31, 2024

Norwegian Cruise Line Holdings raised its profit forecasts for the fourth time in a row on Thursday, encouraged by strong bookings for sea-based holidays at higher prices. The cruise industry has seen a strong demand for their services this year…

Finland detects jamming of satellite navigation and spoofing on the Baltic Sea

Posted to Maritime Reporter on October 31, 2024

The Coast Guard of Finland said that it had detected constant disruptions in satellite navigation signals over the Baltic Sea from April. In recent weeks, tankers have been spoofing location data in order to hide visits to Russia. Lulu Ranne…

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