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ROI-Trump's Ukraine energy truce won't fix global diesel crunch: Bousso

Posted to Maritime Reporter on September 15, 2026

A truce on energy infrastructure that President Donald Trump negotiated between Russia and Ukraine may reduce one of the most immediate threats to the global diesel market. It is unlikely that it will reverse the severe supply shortage that has developed this year.

Bousso

Posted to Maritime Reporter on September 9, 2026

How much oil flows through the Strait of Hormuz each day? All traders, energy executives, and government officials try to solve the mystery but come up with wildly divergent conclusions. This mystery is causing crude oil prices to be inflated…

Bousso

Posted to Maritime Reporter on September 9, 2026

How much oil flows through the Strait of Hormuz each day? All are trying to solve the mystery, but they're coming up with wildly divergent conclusions. However, it is becoming increasingly apparent that this mystery could have introduced a residual premium to crude prices…

European refiners make near-record profits from gasoline

Posted to Maritime Reporter on September 2, 2026

According to trade data reviewed by, European gasoline refinery profits surpassed $62 per barrel on Wednesday. Fuel supplies are being squeezed due to conflicts in the Middle East, Ukraine and elsewhere. Eurobob E5 barges of physical gasoline were trading at a price premium of approximately $62…

Six months of MORNING BID AMERICAS

Posted to Maritime Reporter on August 28, 2026

The U.S. president Donald Trump initially said that the Iran war would only last for four to five weeks. But we are now approaching the six-month mark. The financial markets' resilience in the face of what was thought to be an impending doomsday…

Bousso: Refiners in the US face a historic test of stress as the global crisis looms.

Posted to Maritime Reporter on August 24, 2026

The U.S. has operated its refineries at near-maximum capacity for over a quarter of a century. Refineries are scrambling to take advantage of the windfall profits created by the Iran War. History offers a warning: "Super-refining" runs can lead to major plant failures. This has global consequences.

Bousso: Refiners in the US face a historic test of stress as global crisis looms.

Posted to Maritime Reporter on August 24, 2026

The U.S. has operated its refineries at near-maximum capacity for over a quarter of a century. Refineries are scrambling to take advantage of the windfall profits generated by the Iran War. History offers a warning: "Super-refining" runs can lead to major plant failures.

Russia rejects the idea of a Black Sea ceasefire

Posted to Maritime Reporter on August 15, 2026

Russia dismissed the idea of a truce with Ukraine at?the Black Sea on Friday, saying that it did not see any grounds for "half measures" which would?offer a respite to the opposing side. In recent weeks, both?Russia? and Ukraine increased their attacks on commercial ships in Black Sea.

UKMTO reports an incident involving container ships and military forces in the Gulf of Oman

Posted to Maritime Reporter on August 11, 2026

United Kingdom Maritime Trade Operations said on 'Tuesday' that it received a report about an incident involving a tanker ship and military forces, in the Gulf of Oman. This was after the vessel type had been changed from a tanker ship to a containership.

Maersk and Hapag-Lloyd continue to sail through the Suez Canal

Posted to Maritime Reporter on August 10, 2026

Danish shipping group Maersk announced 'on Monday that another container service within its Gemini network, with Germany's Hapag-Lloyd, will resume sailing in the Red Sea and Suez Canal as part of a gradual return to this area. Most shippers…

Data shows that two tankers carrying Saudi oil left the Red Sea at the weekend.

Posted to Maritime Reporter on August 2, 2026

Shipping data showed that on Monday, two tankers carrying Saudi oil traversed the Bab el-Mandeb strait, while traffic in the Strait of Hormuz slowed after reports of vessel attacks. Kpler data revealed that the number of?commodity vessels passing…

Oil drops more than $1 on higher flows despite US Iran war

Posted to Maritime Reporter on July 31, 2026

The oil price?fell Friday, but remained on course for a 5% monthly increase, as more'supplies' flowed into key maritime chokepoints. This was despite the?absence of any major breakthroughs in the talks between Iran and the United States. Brent…

CMA CGM is imposing an emergency surcharge in response to the renewed tensions around Hormuz

Posted to Maritime Reporter on July 22, 2026

CMA CGM will impose a 'fuel surcharge for emergency situations' following the re-escalation of terrorism in the Strait of Hormuz, the French shipping company announced in an announcement posted on its website. Fuel prices have risen sharply…

Two tankers delivering Saudi oil to India leave the Red Sea by turning 'dark.'

Posted to Maritime Reporter on July 30, 2026

Sources with direct knowledge of the matter say that two tankers carrying Saudi oil for Indian refiners sailed "dark" through the Bab el-Mandeb Strait after Yemen's Iran-aligned Houthis declared a blockade against Saudi shipments. Two tankers…

Drone strikes gas storage tanker in Egypt's Mediterranean Port

Posted to Maritime Reporter on July 29, 2026

Ambrey, a maritime security company, said that a 'drone' reportedly impacted a U.S. owned gas storage tanker in Egypt’s mediterranean port of Damietta on Wednesday. The firm cited an initial assessment. Inchcape, a port services company, said…

Oil prices reach a five-week high due to US-Iran attack and Houthi blockade

Posted to Maritime Reporter on 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.

ROI-Forget crude. Bousso: War drives refiners near the edge.

Posted to Maritime Reporter on 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…

Venice prepares for protests when U.S. Ambassador Fertitta arrives in a superyacht

Posted to Maritime Reporter on July 17, 2026

U.S. The U.S. Ambassador to Italy Tilman Ferritta arrived on his superyacht in the lagoon of Venice, attracting protests against the policies of President Donald Trump and increased security. Fertitta is a 'billionaire entrepreneur' appointed by Trump.

UAE: Iranian missiles hit oil tankers in Strait of Hormuz and one sailor was killed

Posted to Maritime Reporter on July 13, 2026

The United Arab Emirates Ministry of Defence announced on Tuesday that one Indian crew member died and eight other?were injured when two Emirati oil tankers were hit by Iranian cruise missiles in?the Strait of Hormuz. This was the latest escalation of the strategic waterway.

Rescuers look for crew members after container ship attacks in Strait of Hormuz

Posted to Maritime Reporter on July 13, 2026

A crew member from India is still missing after a container?ship flying the Cyprus flag was struck in the Strait of?Hormuz Sunday?and a?search?operation?is under way to find him. Cyprus' Deputy Ministry of Shipping announced on Monday. Authorities…

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