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India's Russian Oil Imports Down 12% Between Jan/Dec Amid US-India Trade Talks

Posted to Maritime Reporter on February 4, 2026

Sources said that India's Russian imports fell in January. This continued a trend that started in December, as refiners looked for alternative barrels under the pressure of Western sanctions and the ongoing U.S. India trade talks. Donald Trump, the U.S.

Wartsila order misses forecast but data centres are still on track

Posted to Maritime Reporter on February 4, 2026

Wartsila, the Finnish engineering company, missed its fourth-quarter order forecasts on Tuesday due to U.S. tariffs on batteries and increased competition in their energy storage business. Even though CEO Hakan AGnevall said that there were…

China calls on EU to stop investigation of Chinese wind turbine manufacturer

Posted to Maritime Reporter on February 4, 2026

China vowed to defend 'its companies' rights and interests after the European Union opened a?investigation?" into Chinese wind power company Goldwind Science & Technology. Goldwind could have received foreign subsidies that gave it unfair advantages in Europe…

15 migrants killed after boat collides off the coast of Chios with a Greek Coast Guard vessel

Posted to Maritime Reporter on February 4, 2026

The?coastguard said that 15 migrants were killed after their boat collided and capsized with a Greek coast guard vessel in the Aegean sea late Tuesday. It was one of the most deadly migrant shipwrecks to occur in Greece for years. In a press release…

South Korea's KFA purchased about 65,000 tonnes of corn, traders claim

Posted to Maritime Reporter on February 4, 2026

According to European traders, the Busan section of South Korea's Korea Feed Association (KFA) purchased around 65,000 metric tonnes of animal feed corn on Tuesday in a private transaction without issuing a tender. The corn can be purchased from the United States…

The coast guard reports that 15 migrants died after a boat collided with a Greek coast guard vessel near Chios.

Posted to Maritime Reporter on February 4, 2026

The Greek coastguard said that 15 migrants were killed after their boat collided and capsized with a coastguard vessel in the Aegean sea late Tuesday night, off the Greek Island of Chios. It was one of the worst shipwrecks to hit Greece in recent years.

US refiners struggle with sudden surge of Venezuelan oil imports

Posted to Maritime Reporter on February 4, 2026

According to traders and shipping data, oil refiners in the U.S. Gulf Coast struggle to absorb the rapid increase of Venezuelan crude since last month's $2 billion deal between Caracas & Washington. This has pushed up prices and left some volumes unsold.

US approves license for Texas deepwater oil export port

Posted to Maritime Reporter on February 4, 2026

The U.S. Transportation Department approved on Tuesday a license for Sentinel Midstream’s planned deepwater oil export off the Texas Coast. In a recent statement, Transportation Secretary Sean "Duffy" said that the Texas GulfLink Project is part of Trump's efforts to boost U.S.

CK Hutchison initiates arbitration against Panama Canal Ports Contract ruling

Posted to Maritime Reporter on February 4, 2026

Hong Kong's CK Hutchison announced on Wednesday that its Panama Ports Company has begun international arbitration proceedings against Panama, after the country’s top court annulled their licences to run two Panama?Canal port. This case could take many years to resolve.

Chicago wheat prices rise amid Black Sea Cold Weather Concerns

Posted to Maritime Reporter on February 4, 2026

Chicago Board of Trade Wheat Futures rose Wednesday, as the market dealt with concerns about 'cold weather' in the Black Sea Region, an important?wheat producing area. Chicago Board of Trade CBOT Wheat's most active contract was up by 0.1% to $5.29-1/2 per bushel at 0428 GMT.

After a boat collision with the coast guard, 15 migrants drowned off Greece

Posted to Maritime Reporter on February 4, 2026

The coast guard reported that 15 migrants were killed in the Aegean sea off Greece, on Tuesday after their boat collided a Coast Guard vessel?off the island of Chios. A coastguard official reported that they had spotted a small boat transporting…

US refiners struggle with sudden surge of Venezuelan oil imports

Posted to Maritime Reporter on February 4, 2026

According to traders and shipping information, oil refiners in the U.S. Gulf Coast struggle to absorb an influx of Venezuelan crude since last month's $2 billion deal, which was a "flagship" agreement between Washington and Caracas. This has pushed up prices and left some volumes unsold.

China describes the Panama court's ruling on CK Hutchison Port contracts as'shameful and pathetic'

Posted to Maritime Reporter on February 4, 2026

China has called the Panama court's decision to annul CK Hutchison’s contracts to operate a pair of Panama Canal ports as "absurd, shameful and pathetic" and vowed that it would defend Chinese interests. Panama's Supreme Court annulled last…

Shell sells 20% stake to Kuwaiti firm in offshore Brazil Orca Project

Posted to Maritime Reporter on February 4, 2026

Shell announced on Tuesday that it has agreed to'sell' a 20% stake of its Orca offshore Brazil project to Kuwait Foreign Petroleum Exploration Company. Shell said it will retain a 50% stake in the project and continue to be the operator. It…

South Korea's NOFI purchases approximately 134,000 tons of corn in tender, traders claim

Posted to Maritime Reporter on February 4, 2026

Nonghyup Feed Inc., the leading South Korean animal food maker (NOFI), bought an estimated 134,000 metric tonnes of animal feed corn on Tuesday in a?international bid that sought up to 207,000 metric tons. Traders said that two consignments each of up to 67…

Orsted sells off European onshore renewables in order to solidify finances

Posted to Maritime Reporter on February 4, 2026

Orsted, the Danish wind farm operator, announced on Tuesday that it has agreed to sell its European onshore Renewables business to Copenhagen Infrastructure Partners at a price of 1.44 billion euro ($1.7 billion), as part a plan to strengthen its finances.

The UK's naval chief has said that the investment of Russia in Northern Fleet is not diminishing.

Posted to Maritime Reporter on February 4, 2026

The British Navy's top naval commander said that despite the conflict in Ukraine lasting a few more years, Russia's investment into its Northern Fleet has not diminished. He added that Western powers were tested by Moscow's "aggressive" posture.

South Korea's NOFI purchases approximately 134,000 tons of corn in tender, traders claim

Posted to Maritime Reporter on February 4, 2026

European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought an estimated 134,000 tons of 'animal feed corn' in a?international?tender on Tuesday. The tender sought up to 207 tons. According to traders…

South Korea's NOFI offers to purchase up to 207,000 metric tonnes corn

Posted to Maritime Reporter on February 4, 2026

European traders reported on Tuesday that the leading South Korean feedmaker Nonghyup Feed Inc., (NOFI), has issued an international bid to purchase up to?to 207,00 metric tons animal feed corn. The deadline to submit?price?offers in the tender also falls on Tuesday, February 3.

Bousso

Posted to Maritime Reporter on February 4, 2026

The hard economic reality of oil will sabotage President Donald Trump's efforts to funnel U.S. crude oil and Venezuelan crude into India, as part of an overall trade agreement. Details of the deal were announced by President Trump and Indian Prime Minister Narendra Modi on Monday…

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