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April 28, 2026
United Arab Emirates' decision not to join OPEC will drastically reduce the producer group's 65-year influence on the oil market. This could lead to a price war once Gulf producers rush to regain their market share after the Iran War is over.
Posted to Maritime Reporter
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April 27, 2026
In its 'earnings report for the first quarter, Hanwha Ocean said that the conflict in the Middle East is causing uncertainty in the demand for commercial ships. The company stated that the Iran War has had a significant impact on the market for large 'crude carriers' (VLCCs)…
Posted to Maritime Reporter
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April 27, 2026
European traders reported on Monday that leading 'South Korean feedmaker, Nonghyup Feed Inc. (NOFI), purchased around '65,000 metric tonnes?of animal -feed corn on Friday in a private transaction without any international tender. The corn was purchased at a cost of $263.58 per ton…
Posted to Maritime Reporter
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April 24, 2026
State Department lawyer Reed Rubinstein argued in a statement released days before the deadline of May 1 for the Trump administration to obtain approval from Congress under the 1973 War Powers Act or move to end the war. Reed Rubinstein, State Department's Legal Adviser…
Posted to Maritime Reporter
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April 24, 2026
China has conducted military exercises, including live-fire drills, in waters east the Philippines' Luzon Island, the country said on Friday. This comes as Manila and Washington conduct yearly drills that include disputed areas in the South China Sea. This week, over 17,000 U.S.
Posted to Maritime Reporter
on
April 24, 2026
?Leading South Korean feedmaker Nonghyup Feed ?Inc. (NOFI) bought around 67,000 metric tonnes of animal 'feed corn' in a?private deal? on?Thursday, without an international tender? being issued. The corn was bought at a cost and freight included (c&f)…
Posted to Maritime Reporter
on
April 24, 2026
Israel and Lebanon extended their three-week ceasefire at a White House meeting that was mediated by President Donald Trump. Trump said he would wait for the "best deal" to resolve his conflict with Iran. The fighting between Israel and Iranian…
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April 23, 2026
South Korea's Major Feedmill Group (MFG), without issuing an official tender, purchased 134,000 metric tonnes of animal feed corn on Thursday. Two consignments of?67,000 tons were purchased. The first purchase was made at a cost and freight…
Posted to Maritime Reporter
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April 23, 2026
Major Feedmill Group, a South Korean company, purchased 134,000 metric tonnes of animal feed corn in a private deal with European traders on Thursday. Two consignments of 67,000 tons each were purchased for arrival in South Korea?in August.
Posted to Maritime Reporter
on
April 23, 2026
Sources said that Russia increased its liquefied gas exports to China by 21% in March compared to February. This was due to the increase in trading after the Chinese New Year holiday and the lack of Middle East supplies. Due to European sanctions…
Posted to Maritime Reporter
on
April 23, 2026
In the past decade, we have seen a rapid succession global energy crises, fueled by conflict, extreme weather and supply chain snarls. The highly fragmented oil and gas market of today is becoming more interconnected, and as the transition to a low-carbon economy accelerates…
Posted to Maritime Reporter
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April 23, 2026
In a Thursday tender, the Taiwan Flour 'Millers Association' purchased an estimated 105.950 metric tons of milling wheat from the United States. Two consignments were shipped from the U.S. Pacific Northwest Coast. The traders reported that a…
Posted to Maritime Reporter
on
April 23, 2026
In the past decade, we have seen a rapid series of energy crises around the world, fueled by extreme weather, military conflict and supply chain snarls. The highly interconnected oil and natural gas markets are fragmenting and the transition to a low-carbon economy is accelerating.
Posted to Maritime Reporter
on
April 22, 2026
China reported that a group, including a destroyer, returned to China on Wednesday after testing its far-sea capabilities. The Eastern Theater Command of the People's Liberation Army has reported that vessel formation 133 has completed training…
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April 21, 2026
Sources in the industry said that marine?fuel suppliers are facing a shortage of high-density low-sulphur crude, also known as heavy sweet oil, to blend because of the competition between refiners. The Iran war has disrupted Middle?East imports.
Posted to Maritime Reporter
on
April 20, 2026
The two largest shareholders of Ferretti filed rival slates of candidates for the renewal of the Italian Yacht Maker's Board on Monday, setting up a fight at the annual meeting of the company on May 14. Czech investor KKCG Maritime has submitted…
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April 20, 2026
India and South Korea announced on Monday they will expand their economic ties through a?expansion of cooperation in energy and critical minerals as well as shipbuilding, semiconductors and steel. They aim to double their trade by 2030. New…
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April 20, 2026
Taiwan's defence ministry reported that the Chinese aircraft carrier,?the Liaoning, sailed Monday through the Taiwan Strait, marking a?first transit of this sensitive -waterway since late last year. Taiwan, which Beijing considers its territory…
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on
April 20, 2026
A Chinese spokesperson stated on Monday that China was concerned about the "forced interception" by the U.S. of a cargo ship flying the Iranian flag. He urged all parties to adhere to the ceasefire agreement responsibly. Guo Jiakun, a spokesman for the Chinese government…
Posted to Maritime Reporter
on
April 20, 2026
China expressed concern about the "forced interception" of an Iranian cargo ship by the U.S., said a spokesperson for the Chinese foreign ministry on Monday. He urged all parties to adhere to the ceasefire agreement responsibly. Guo Jiakun,…
