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Saturday, May 16, 2026

Maritime Blogs

Rain relief for EU wheat after US-China Summit

Posted to Maritime Reporter on May 15, 2026

Euronext Wheat extended its?losses in line with Chicago on Friday as the U.S. China summit resulted in a broad selling of grains, while improved crop conditions in Europe eased concerns about drought. By 1549 GMT on September 15, the price of…

Pakistan claims 11 citizens and 20 Iranian nationals are being repatriated.

Posted to Maritime Reporter on May 15, 2026

Ishaq dar, the Foreign Minister of Pakistan, said that the country will repatriate 11?its citizens and?20 Iranians from vessels seized by the United States on the high seas. Dar?added an X-post on Friday that the Iranians were retried via Singapore and Bangkok…

Panama Canal does not plan to restrict ships' passage in 2026, despite drought threats

Posted to Maritime Reporter on May 15, 2026

Panama Canal has confirmed that it will not restrict vessel passage for the rest of 2026, even if El Nino weather patterns begin in the second half of this year, as forecast, which could lead to a new drought in Central America, according to the waterway.

Canada - May 15

Posted to Maritime Reporter on May 15, 2026

These are the?top stories? from a?selection of Canadian newspapers. These'stories' have not been?verified?and we cannot vouch for the accuracy of these stories. Defense Minister David McGuinty refused to say whether Canada would send warships through the Taiwan Strait.

South Korea's MFG purchases about 68,000 tonnes of corn, traders claim

Posted to Maritime Reporter on May 15, 2026

The 'Major Feedmill Group' (MFG) of South Korea purchased 68,000 metric tonnes of animal -feed corn in a private deal on Friday. The estimated cost of the?ton was $272.99 plus $1.50 per ton for additional port unloading. The 'purchased' item was said to be a?trader?house Mitsui…

Sources say that the low Chinese refining margins are affecting the premiums on Russian ESPO blend oil.

Posted to Maritime Reporter on May 15, 2026

Four trading sources said that spot premiums for Russian's Far East ESPO blend crude oil to be delivered to?China in June and July, have lowered due to the weak Chinese refining margins as well as slow demand. Sources said that the decline in…

South Korea is reportedly buying 53,800 tonnes of rice from traders

Posted to Maritime Reporter on May 15, 2026

Agro-Fisheries and?Food Trade Corporation, the state-backed South Korean company, has?issued an international tender for purchase of 53,800 tons of rice from the United States. The deadline to submit price offers for the tender is May 28. The tender was looking for about 27…

South Korea's KFA Busan will buy up to 69,000 tonnes of corn, traders claim

Posted to Maritime Reporter on May 15, 2026

The Korea Feed Association Busan Section has issued an international tender to purchase up to 69,000 metric tonnes of animal feed corn from optional origins. They said that the tender will also close on May 15th. The corn was to arrive in South Korea by August 30. If you are sourcing from the U.S.

Trump and China's Xi agreed that Iran cannot possess nuclear weapons

Posted to Maritime Reporter on May 15, 2026

U.S. president Donald Trump has said that his patience 'with Iran is running thin. He agreed with Chinese President Xi Jinping in their talks to not allow the Islamic Republic to possess a nuclear weapon. They also agreed the Strait of Hormuz must be reopened.

Cuba considers US aid offer of $100m but is wary about Trump's motives. Blockade

Posted to Maritime Reporter on May 14, 2026

Cuba said on Thursday that it would consider a U.S. offer of $100 million for humanitarian aid, but expressed doubts about the intentions of President Donald Trump at a time when an oil 'blockade' by the U.S. on Cuba has crippled its public services.

Trump and Xi discuss Iran while new attacks on ships near Hormuz occur

Posted to Maritime Reporter on May 14, 2026

U.S. president Donald Trump and China's President Xi Jinping discussed the Iran -war in Beijing on Thursday. Meanwhile, new attacks on vessels close to the Strait of Hormuz reminded us of the cost of a prolonged stalemate with peace negotiations stalled.

China's Weichai wins board vote at yacht builder Ferretti, fends off KKCG challenge

Posted to Maritime Reporter on May 14, 2026

Sources close to the matter said that shareholders in Italian 'yacht builder Ferretti' on Thursday sided with China's Weichai Group?in a shareholder dispute, ending CEO Alberto Galassi?s 12-year tenure and naming a new board. The shareholders'…

India says that safe and unimpeded maritime flow is vital to global economic prosperity

Posted to Maritime Reporter on May 14, 2026

Subrahmanyam?Jaishankar, the Indian Foreign Minister, said that unimpeded maritime flow through international waters including the Strait of Hormuz is vital for global economic well-being. Jaishankar spoke?at?the beginning of a two day meeting of BRICS Foreign Ministers in New Delhi.

Sailing Australia launches the first America's Cup challenge in 25 years

Posted to Maritime Reporter on May 13, 2026

Australia has entered its first 'America's Cup' team in 25 years, for the 38th edition next year of the historic sailing competition in Naples, Italy. The Royal 'Prince Edward Yacht club announced on Wednesday that it had issued a notice of?Challenge? to the defending New Zealand Yacht Squadron.

Trump's China trip is a shift in alliances as the Iran war looms.

Posted to Maritime Reporter on May 13, 2026

On Wednesday, the U.S. and Israeli war in Iran loomed large over Donald Trump's trip to China. Signs emerged that the conflict was shifting alliances accross the Middle East. Trump arrived in Beijing Wednesday, ahead of a scheduled meeting with President Xi Jinping on Thursday.

Bezeq Telecom, Israel's Bezeq Telecom, sees a subsea cable linking Europe to Asia

Posted to Maritime Reporter on May 13, 2026

Bezeq Israel Telecom is deploying a "fast-speed Internet submarine cable" to connect Europe and Asia. According to its chairman, this could reduce the Strait of Hormuz's dependency. Tomer Raved told reporters after Bezeq reported its quarterly…

Data shows that a Chinese oil tanker leaves the Strait of Hormuz and stops in the Gulf of Oman

Posted to Maritime Reporter on May 13, 2026

Data from LSEG and Kpler showed that a Chinese supertanker with two million barrels of Iraqi oil sailed through the Strait of Hormuz on Wednesday, after having been stranded in the Gulf for over two months because of the U.S./Iran conflict.

KKCG warns Italy of possible violations at Ferretti before board vote

Posted to Maritime Reporter on May 13, 2026

Ferretti's second-largest investor, KKCG Maritime, said it had notified the Italian Government of possible breaches of so called golden power rules?ahead of a shareholder battle over boardroom renewal. Ferretti's biggest shareholder is China Weichai, with a stake of 39%.

Three women are found dead in the sea by UK police at Brighton

Posted to Maritime Reporter on May 13, 2026

British police said on Wednesday that they had recovered the bodies of three women from the sea at Brighton. They were now working to determine how this "tragic event" occurred. Local media reported that multiple emergency vehicles, a lifeboat…

Chinese supertanker attempts Hormuz passage, data show

Posted to Maritime Reporter on May 13, 2026

According to LSEG 'and Kpler ship tracking?data, a Chinese supertanker carrying 2 million barrels of iraqi oil was attempting?to sail through the Strait of Hormuz? on Wednesday. Data showed that the Very Large Crude?Carrier Yuan Hua Hu had passed Iran's Larak Island…
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