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Friday, April 24, 2026

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Iberdrola plans to extend the nuclear fleet of Spain.

Posted to Maritime Reporter on February 25, 2026

Iberdrola's chief expects the company to ask for a similar extension of the life of all nuclear reactors in Spain, following a request made previously for the Almaraz plant. The debate about nuclear power in Spain was re-ignited by a major blackout that occurred in April.

Union: Ukrainian export prices for rapeseed crop increase amid fears of lower output

Posted to Maritime Reporter on February 25, 2026

The UAC farmers' union said that the indicative export prices for Ukraine’s 2026 rapeseed crop?have increased to $530-$540 a tonne CPT July-August from $510-$520 reported a month earlier. Ukraine, one of the largest European exporters and growers of rapeseed…

Italian defence group Leonardo beats 2025 guidance, cuts debt

Posted to Maritime Reporter on February 25, 2026

Leonardo, the Italian defence group, posted a '2025 result that was above its financial targets. It also saw a significant improvement in its debt and an increase in key indicators. New orders increased 14.5% on an annual basis to 23.8 billion euros ($28.09billion)…

Venezuela prepares larger oil cargoes to export and targets India

Posted to Maritime Reporter on February 24, 2026

Four sources and shipping data indicate that buyers and trading houses of Venezuelan oil chartered the very large crude carriers to export the South American nation?since the Caracas-Washington deal was signed. This move will boost deliveries to India.

Ferretti's boss signals appetite for M&A amid annual core profit growth

Posted to Maritime Reporter on February 24, 2026

Italian yacht manufacturer Ferretti announced a 6.7% increase in its core profit for the full year, as well as a 47% jump in orders of made-to measure?yachts. Last year, adjusted?earnings prior to interest, taxes and depreciation (EBITDA), a measure of earnings before interest…

Venezuela prepares larger oil cargoes to export, targets India

Posted to Maritime Reporter on February 24, 2026

Sources and data indicate that trading houses and buyers of Venezuelan oil chartered the very large crude carriers to export from the South American nation since the Caracas-Washington deal was signed. This is expected to increase shipments to India and speed up the process starting in March.

Pentagon: US forces capture third sanctioned oil-tanker in Indian Ocean

Posted to Maritime Reporter on February 24, 2026

The Pentagon announced?on Tuesday that U.S. forces had intercepted a sanctioned tanker in the Indian Ocean, after tracing it from Caribbean waters. This was the third interdiction of this kind in the region. Washington has stepped up its blockade of vessels going to or from Venezuela…

The largest refinery in Romania will shut down for scheduled maintenance in March

Posted to Maritime Reporter on February 24, 2026

The largest refinery in Romania,?Petromidia?, located on the Black Sea, will close in March for a scheduled review, according to its owner. This could result, among other things, in a reduction of fuel supplies and an increase in prices. Rompetrol Rafinare is the owner of the refinery.

Bousso: US and China are the key to containing an oil shock in the Middle East

Posted to Maritime Reporter on February 24, 2026

A major military conflict between the U.S., Iran and other Middle Eastern countries could cause a disruption of oil supplies in the region. It could be that the vast oil reserves held by both the U.S.A. and China are crucial in controlling it.

Pentagon: US forces seize a third sanctioned oil-tanker

Posted to Maritime Reporter on February 24, 2026

The Pentagon announced a?on?Tuesday that U.S. forces had captured an oil?tanker sanctioned in the Indian Ocean, after tracking it from Caribbean waters. It was the third such?interdiction. The U.S. Department of Defense announced in a post to X that its forces had boarded Bertha over night.

Etihad Airways profits soars nearly 50% as fleet, network expansion support strong demand

Posted to Maritime Reporter on February 24, 2026

Etihad Airways announced a nearly 50% increase in 'net profit' to $698m last year. The?carrier stated on Tuesday that increased capacity supported strong market demand and lifted the load factor. "We have invested a lot in our product and customer satisfaction.

Caribbean 600 is roaring into action off Antigua, with trade-wind thrills & start-line duels

Posted to Maritime Reporter on February 24, 2026

The 2026 RORC Caribbean600?emerged with a spectacular launch from Fort Charlotte, Antigua. An international fleet set out on a nonstop 600-mile journey around '11 Caribbean Islands in what promises to a be a thrilling 17th edition. "15 knots trade winds…

Bousso: US and China are the key to containing an oil shock in the Middle East

Posted to Maritime Reporter on February 24, 2026

A major military conflict between the U.S., Iran and other countries could cause a disruption of Middle East oil supply. It could be that the vast oil reserves held by the U.S. or China are crucial in controlling it. As the American military builds up in the region…

EU's Costa urges Hungary’s Orban respect 90 bln Euro loan deal for Ukraine in letter

Posted to Maritime Reporter on February 24, 2026

Antonio Costa, the President of the European Council on Monday, urged Hungarian Prime Minister Viktor Orban 'to honour a 'deal for a 90-billion euro loan ($106.11billion) to Ukraine. Budapest had said that it would 'block the plan unless Russian…

The CEO of German shipbuilder TKMS, calls for consolidation in the industry

Posted to Maritime Reporter on February 24, 2026

In a'speech' published on Monday, the chief executive of TKMS, a -German warship builder - called for consolidation in the defence.industry. He said that money alone cannot build ships, and that the deciding?factor is how quickly industry and clients can act together.

Renault buys out Volvo and CMA CGM to gain full control of Flexis, an electric van company.

Posted to Maritime Reporter on February 23, 2026

Renault announced on Monday that it would buy out the stakes of truckmaker Volvo Group and shipping firm CMA CGM in Flexis, their joint venture for new-generation electric vans. The agreement is expected to take effect by the end the first half…

Turkey bids to import 350,000 metric tonnes corn, traders claim

Posted to Maritime Reporter on February 20, 2026

European traders reported on Friday that the state grain board of Turkey, TMO, has issued a tender to purchase and import 350,000 metric tonnes of animal feed corn. They said that the deadline for submitting?price bids in the tender was February 26.

The Russian seaborne oil exports may drop by 10% in February

Posted to Maritime Reporter on February 20, 2026

Unplanned refinery shutdowns and bad weather at key ports slowed fuel loadings. This is according to data from LSEG and market sources. According to industry sources and calculations, the total exports of oil-based products from Russian ports in January was 9.12 million metric tonnes.

Danish authorities seize Iranian-flagged vessel due to registration concerns

Posted to Maritime Reporter on February 20, 2026

Denmark's maritime authority said?on Thursday that they had detained and examined a container ship with an Iranian flag anchored in Danish waters because it was not properly registred. According to LSEG, the ship was originally sailing under a Comoros 'flag.

Russell assumes that there will be no disruption in the supply of crude oil from Iran.

Posted to Maritime Reporter on February 20, 2026

According to daily headlines, the?premium built into crude oil prices due to tensions between Iran and the United States fluctuates. But there is a underlying assumption that all will be well. Brent crude oil futures closed at $70.35 per barrel, a 4.4% increase.

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