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Court rules that contract with Hong Kong port operator violates Panama constitution

Posted to Maritime Reporter on January 31, 2026

The Panama Supreme Court ruled that a 'contract' held by a Hong Kong-based company to operate the ports of the Panama Canal was in violation of the Panama Constitution and did not serve the public interest. The court released its decision on Friday, but did not explain the reasoning behind it.

West Virginia's Treysen Eaglestaff takes aim at Baylor

Posted to Maritime Reporter on January 31, 2026

Treysen, the senior guard from West Virginia, struggled to score in the win against Kansas State on Tuesday. But coach Ross Hodge says he didn't let that affect the rest of the game. Eaglestaff?hit a 3 pointer with 2 minutes and 8 seconds left, giving the Mountaineers the lead.

China conducts air and naval patrols near disputed South China Sea Shoal

Posted to Maritime Reporter on January 31, 2026

China Southern Theater Command? has confirmed that on Saturday a?naval patrol and an?air raid was conducted around the Scarborough Shoal, in the South China Sea. The shoal lies in the exclusive economic zone of the Philippines, but China claims it as its own territory.

L3Harris secures US Navy contract for Marine Corps Precision-Strike Program

Posted to Maritime Reporter on January 31, 2026

L3Harris Technologies, a defense contractor, announced on Friday that it had secured a U.S. -Navy contract to develop 'Red wolf' vehicles for the Marine Corps precision strike program. The Red Wolf is an advanced precision strike missile with a long range.

Tankers awaiting sale of more Russian oil

Posted to Maritime Reporter on January 31, 2026

As demand for Urals crude drops and customers consider the growing risks of sanctions, traders are increasingly using tanks to store it. Calculations based on LSEG data and trade data. India and Turkey, two major importers of Russian oil, have…

Andy Home: The surge in exports from China is a sign that the global metals market is in turmoil.

Posted to Maritime Reporter on January 31, 2026

China's net copper imports last year fell to the lowest level since 2017. They totaled 3.03 million metric tonnes. Exports grew dramatically, despite a drop in inbound shipments of only 5% compared to 2024. The largest copper buyer in the world shipped almost 800,000 tonnes.

Dominion Energy reports Coastal Virginia Offshore Project Cost Increases to $11.5 Billion

Posted to Maritime Reporter on January 31, 2026

Dominion 'Energy announced on Friday that the total 'project costs' for Coastal -Virginia Offshore Wind has increased from $11.2 billion to approximately $11.5 billion. The estimated cost changes reflect the temporary suspension of?ofwork issued by the U.S.

German commuter transport comes to a halt on Monday after a strike call

Posted to Maritime Reporter on January 31, 2026

German commuter and bus services will likely grind to a halt across the country as the major public services union has called for a nearly nationwide strike over a dispute with employers at the municipal and state level. In a Friday statement…

Israeli media report that a US military destroyer docks in Israel's Eilat Port

Posted to Maritime Reporter on January 31, 2026

Ynet, a news website in Israel, reported that a U.S. 'Navy destroyer docked in the Israeli port Eilat on Friday. The military was cited. Tensions between Washington, D.C. and Iran are escalating. Ynet reported that the arrival of a destroyer…

Last year, tensions erupted and the China Coast Guard patrolled Japan's islands almost every day.

Posted to Maritime Reporter on January 31, 2026

China's coastguard patrolled Japan administered islands in the East China Sea almost daily last summer, the country said. It was to ensure its sovereignty over the remote, rocky island and deter Taiwan from taking a step toward independence.

The US and Europe are falling behind in the race for control of the Arctic: Vladimirov & Petrova

Posted to Maritime Reporter on January 31, 2026

The Arctic is not a frozen peripheral, particularly after the spat between the U.S. and Europe over Greenland. The High North is becoming a strategic hub for minerals, energy and shipping as the sea ice begins to melt. The Arctic is heating up four times faster than other parts of the world…

Citi expects limited US and Israeli action against Iran to avoid an escalation

Posted to Maritime Reporter on January 30, 2026

Citi said that it expects U.S., Israel and other countries to take limited action against Iran over its nuclear program in the near future. This will avoid an escalatory reaction to force the country to a deal. Bank of America said that the smaller steps could include limited U.S.

Taiwan successfully completes the first underwater trial of a domestically-made submarine

Posted to Maritime Reporter on January 30, 2026

Taiwan completed its first underwater sea test for its domestically developed sub on 'Thursday. This is a major milestone in a program aimed at strengthening the deterrence against the Chinese navy, and protecting important sea lanes if war breaks out.

The US and Europe are falling behind in the race for control of the Arctic: Vladimirov & Petrova

Posted to Maritime Reporter on January 29, 2026

The Arctic is not a frozen peripheral, particularly after the spat between the U.S. and Europe over Greenland. The High North is becoming a strategic hub for minerals, energy and shipping as the sea ice begins to melt. The Arctic is heating up four times faster than other parts of the world…

Singapore's RoRo terminal joint venture will be formed by Japan's Mitsui O.S.K. and PSA Singapore

Posted to Maritime Reporter on January 29, 2026

Mitsui O.S.K. Lines, Japan’s second largest shipping?company said on Thursday that it had agreed with PSA Singapore to form a joint venture for the development of a RoRo terminal in Singapore. The joint venture agreement will allow 'Mitsui to…

ADNOC leases Singapore storage facility for the first time, according to sources

Posted to Maritime Reporter on January 29, 2026

Five market sources confirmed that the global trading arm (ADNOC) of Abu Dhabi National Oil Co is leasing fuel storage in Singapore for a 'first time. This is part of plans by the oil and gas company backed by the United Arab Emirates to increase trade volumes in Asia.

Bousso

Posted to Maritime Reporter on January 29, 2026

The vast European natural gas storage network will exit winter with its lowest level for years. Yet, market prices show a complacency that is at odds with the immense challenge faced by traders in replenishing their inventories. Since the Russian invasion of Ukraine…

Royal Caribbean forecasts profit above estimates on strong cruise demand

Posted to Maritime Reporter on January 29, 2026

Royal Caribbean forecasted annual profits above Wall Street estimates on Thursday. The company is betting that wealthy travelers will continue to book its cruises and pay higher fares, as well as spend more money onboard. The company's shares have risen 8% during pre-market trading.

Citgo purchases first Venezuelan oil from Trafigura since 2019, sources claim

Posted to Maritime Reporter on January 29, 2026

Citgo Petroleum, a U.S. refiner, has purchased Venezuelan crude oil for its first purchase since 2019. This was when Citgo severed its ties with Petroleos de Venezuela (its parent company), two sources said on Wednesday. The 830,000-barrel-per-day refiner…

China clears Australian canola cargo, easing months-long approval delays

Posted to Maritime Reporter on January 29, 2026

Two trade sources told? Two trade sources confirmed that a cargo of Australian canola, which arrived in southern China this?month, has passed inspection. Processing at a crushing?plant is expected to begin this week. China's COFCO, a state-owned company…

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