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July 21, 2026
The mining and transportation conglomerate Grupo Mexico announced on Tuesday that its net profit for the second quarter rose by nearly 79% compared to the same period last year, helped by higher copper costs and far ahead of analyst's expectations.
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July 21, 2026
U.S. Secretary of Defense Pete Hegseth announced on Tuesday that the United States war against Iran has so far cost $37.5 billion. This is an increase of almost $8 billion from the previous public estimate. Hegseth said?at an hearing in Washington?
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July 21, 2026
Oil-producing and refining firms from the U.S., and other countries, are gaining market shares in Venezuelan crude oil as they sign direct deals with PDVSA. This puts them in competition with global traders who signed 'earlier contracts' with the interim government of President Delcy Rodriguez.
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July 21, 2026
Data from sources shows that India's imports of oil from Russia, Latin America and the Middle East fell in the?April to June quarter due to the restricted flow through the Strait of Hormuz after the?U.S./Israeli attack against Iran. India, which…
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July 21, 2026
Tuesday, oil prices rose by 2% to a five week high. This was due to fears that the Middle East could be hit with more energy disruptions as a result of increased attacks between the U.S. Brent futures climbed $2.12 or 2.4% to $91.34 per barrel at 10:53 am EDT (1453 GMT). U.S.
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July 21, 2026
German Warship -Builder TKMS announced on Tuesday that it is no longer interested in acquiring the smaller German Naval Yards (GNYK), also known as GNYK. Rheinmetall, a German defence group, is the only bidder in the running to buy the shipbuilder.
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July 21, 2026
Following a warning by Yemen's Houthi militia, which is aligned with Iran, two oil tankers carrying Saudi crude bound for China and India made U-turns on Tuesday in the Red Sea. They headed towards the Suez Canal instead of tackling the Yemeni coast near the mouth of the sea.
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July 20, 2026
The Joint Staff of Japan reported that a Chinese destroyer was conducting live-fire exercises in the?waters to the southwest of Japan's remote?Island Okinotori early Sunday morning, while operating with Russian naval vessels. Japan's Maritime…
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July 20, 2026
If the Houthis succeed in closing the Bab el-Mandeb Strait, they would be able to disrupt fuel supplies, increase the price of crude oil, and put pressure on the global economy. Yemen's Iran aligned Houthis declared a navy blockade on Saudi Arabia Monday, according to its military spokesperson.
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July 20, 2026
India's foreign ministry released a statement late on Monday confirming that an attack on a ship leaving a southern Ukrainian port of Odesa had killed four Indians. Another was in a critical condition in the hospital. Russia hit the Golden Leo…
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July 20, 2026
Italy's Prime Minster Giorgia meloni announced on Monday that Portugal has decided to purchase three frigates from Italian shipbuilder Fincantieri. She hailed the 'deal' as a boost for Europe’s defence industry. FREMM fregates are multi-purpose…
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July 20, 2026
Chicago wheat reached new two-year heights on Monday, as disruptions in Black Sea shipments was feared. Russian and Ukrainian attacks against grain ports and vessels continued. However, the attacks then declined as they did not appear to be as intense as last weekend.
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July 20, 2026
China's coast guard said that a Philippine crew "attacked Chinese law staff with?"paddles and sticks" on Monday during an encounter with Chinese law personnel in the South China Sea. Manila had accused Chinese personnel of aggressively hitting one of their navies in the head with a wooden baton.
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July 20, 2026
On?Monday, the Philippines accused Chinese coast guards of hitting one of their?navy?staff with a wooden bludgeon in the head during an encounter on the South China Sea. It described the incident as part of China's "clear pattern" of hostile and provocative behaviour.
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July 20, 2026
Warning signs are flashing in the global oil refinery industry. As conflicts in the Middle East, Russia and other energy markets ripple across the globe, the supply chain of products that fuel the global economy is increasingly stressed. Benchmark…
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July 20, 2026
Officials in Ukraine said that a Russian missile attack on a ship carrying corn near the southern Ukrainian port of Odesa has killed 10 people. This is the deadliest incident in a recent escalation of violence on the Black Sea. Russia hit the…
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July 20, 2026
Warning signs are flashing in the global oil refinery industry. As conflicts in the Middle East, and Russia spread through the energy markets, the supply chain of products that fuel global economies is being put under increasing stress. Benchmark…
Posted to Maritime Reporter
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July 20, 2026
Chicago wheat futures rose on Monday as disruptions in Black Sea shipments continued the upward trend. As crude oil prices rose on the back of escalating U.S. - Iran attacks, soybeans reached a new two-month-high. One trader in Singapore said…
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July 20, 2026
Taiwan Coast Guard officials and data indicate that Taiwan has detected an increase in Chinese activity on its island, particularly around its coast guards and research vessels, since June. This prompted Taipei, to simulate Chinese escalations, to conduct drills off the pacific coast.
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July 19, 2026
The Islamic Revolutionary Guard Corps announced on Monday that two oil tankers had 'exploded' and 'become immobilized after trying to transit what they described as a dangerous southern route through the Strait of Hormuz. They claimed the U.S. Military had encouraged them to use this passage.
