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Source: Kazakhstan's daily crude oil production has been cut in half after the closure of export terminals

Posted to Maritime Reporter on July 27, 2026

An industry source said that Kazakhstan, one of the world's ten largest 'oil' producers, had more than halved their 'daily' 'oil' output following the closure in Russia's Black Sea of its main exporting terminal due to drone attacks. Kazakhstan's Energy Ministry?said that last week…

Iran's foreign minister: Ukraine's attack against Iranian vessel "cannot be ignored"

Posted to Maritime Reporter on July 26, 2026

Abbas Araqchi, the Iranian Foreign Minister, said on Sunday that a 'Ukrainian attack' on an Iranian commercial vessel 'cannot be ignored. Iran claimed that the attack on the Caspian sea resulted in a blast which killed one sailor, and injured another.

As confidence grows, the US is ready for the fast British SailGP

Posted to Maritime Reporter on July 24, 2026

SailGP’s U.S. crew, who have performed best in lighter winds, is preparing to speed up based on the weather forecasts for the 13 'crews' lining up at the 'Solent', just off Britain's'maritime' city of Portsmouth. Mike Buckley, CEO of U.S. SailGP Team and co-owner of the team…

GRAINS-Grains market reaches new highs after Black Sea attacks and crude oil rally

Posted to Maritime Reporter on July 24, 2026

Wheat prices have surged to their highest level in two years due to the escalating attacks on Black Sea ports and shipping. This has sparked new concerns about food inflation, as one of world's major grain export routes is under threat. Corn…

EU wheat prices fall after Morocco increases duty on Black Sea products

Posted to Maritime Reporter on July 23, 2026

European wheat prices fell on Thursday, after reaching contract highs in the previous session. Traders assessed Morocco's decision to extend its import duties as well as the current situation?in?the Black Sea following attacks by Russia and Ukraine.

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…

Refiners are edging out traders to grab a bigger share of Venezuelan oil

Posted to Maritime Reporter on 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.

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…

CPC: Caspian Pipeline Consortium suspends oil loadings after drone attacks on tanks

Posted to Maritime Reporter on July 19, 2026

CPC said on Sunday that two oil tankers had been?attacked off the coast of Russia's Black Sea, adding that?oil loads were suspended. CPC reported that the ASIA and NISSOS-IOS tankers had been attacked during loading operations. CPC said that the ASIA tanker was attacked during loading operations.

CPC's oil-terminal infrastructure is operating normally following drone attack in the Black Sea

Posted to Maritime Reporter on July 18, 2026

Kazakhstan's Energy Ministry said that the infrastructure of the Caspian Pipeline Consortium (CPC) Terminal off Russia's Black Sea coast is 'operating normally'. This comes after a drone attacked an oil tanker and caused damage on Friday. The technological infrastructure is operating normally.

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.

GRAINS-Wheat eases following rally on Black Sea tensions, corn and soy decline

Posted to Maritime Reporter on July 16, 2026

Chicago wheat futures fell on 'Thursday, due to profit-taking, chart-based sales, and a lack of signs of cooling in hostilities with Russia and Ukraine. This fueled 'worries over exports by the major global wheat suppliers. Corn futures declined on a round of profit-taking and chart-based selling…

IGC reduces corn crop forecast following European heatwaves

Posted to Maritime Reporter on July 16, 2026

The International Grains Council said that it has lowered its forecasts for global corn production in 2026/27 due to recent heatwaves in Europe. In a monthly update the?intergovernmental organization cut its global corn crop projection for 2026/27 by 4 million tons, to 1.306 bn tons.

ROI-Big grain crops mask shrinking margin for error: Karen Braun

Posted to Maritime Reporter on July 16, 2026

The production of large crops does not automatically lead to an excess of supply. According to the U.S. Department of Agriculture’s World Agricultural Supply and Demand Estimates, released last week, the?world's grain?balance sheets appear relatively…

The price of European wheat has risen to a record high in the past year as tensions around the Black Sea escalate

Posted to Maritime Reporter on July 15, 2026

European wheat prices rose more than 6% Wednesday, as the escalating attacks in the Black Sea raised concerns about key grain export routes. Traders expect some demand to shift towards European Union supplies. Benchmark September milling grain on the?Paris based Euronext was up 6.5% at?1450 GMT…

European wheat rallies at a one-year high due to escalating Black Sea attack

Posted to Maritime Reporter on July 15, 2026

European wheat prices rose nearly 6% Wednesday, as the escalating Black Sea attacks raised concerns about key grain export routes. Traders expect some demand to move to European supplies. Benchmark September milling?wheat?on Paris' Euronext was up 5.7% at 1035 GMT…

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…

US sanctions on Iran increase as the conflict escalates

Posted to Maritime Reporter on July 10, 2026

Following Tehran's renewed?attacks against oil tankers in Strait of Hormuz?, the?Treasury Department announced that new sanctions were issued by the United States on Friday. They targeted a key financier of Iran's new president Mojtaba Khmenei, as well as?13 individuals and entities.

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