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French miner Eramet reduces spending and promises more turnaround efforts

Posted to Maritime Reporter on October 30, 2025

French mining group Eramet has lowered its capital expenditure target for this fiscal year. It announced that it will announce more measures in December to combat declining results and increasing debt at the nickel-and-manganese producer. In a third quarter sales report…

Algerian wheat buyers say that the auction on Wednesday will be around 600,000 tonnes.

Posted to Maritime Reporter on October 23, 2025

European traders reported on Thursday that Algeria's state grain agency OAIC purchased approximately 600,000 metric tonnes of milling wheat at an international auction which ended on Wednesday. The trader estimates for the purchase of Wednesday evening ranged between 500,000 and 600,000 tonnes.

Sources say that Chevron has been granted a restricted US license for operations in Venezuela

Posted to Maritime Reporter on July 30, 2025

Three sources familiar with the decision announced on Wednesday that Chevron had been granted a limited U.S. operating license in Venezuela sanctioned by the United States. They added that money from oil revenues could not be transferred to the Venezuelan government of President Nicolas Maduro.

Brazilian oil may find new markets in the face Trump's tariffs

Posted to Maritime Reporter on July 10, 2025

Experts say that Brazil's oil will remain competitive on the international market even if President Donald Trump's 50% tariff is implemented on August 1. The main Brazilian export to the U.S. is oil. This product was previously exempted from…

EU tariffs will curb US corn imports; soy is less at risk now

Posted to Maritime Reporter on April 9, 2025

The European Union's counter-tariffs against U.S. products, which will be implemented next week, are expected to stop a large amount of U.S. grain from reaching Europe and increase costs for buyers who want to find alternative sources of feed grain.

Trump will impose a 25% tariff on countries who buy oil and gas from Venezuela

Posted to Maritime Reporter on March 24, 2025

Donald Trump, the U.S. president, said Monday that any country buying oil or gas in Venezuela would be charged a 25% duty on all trades with the United States. The "secondary tariffs" will go into effect on April 2nd, Trump stated in a Truth Social posting.

Algeria announces tender for milling wheat traders claim

Posted to Maritime Reporter on March 10, 2025

European traders reported on Monday that Algeria's state grain agency OAIC had issued a tender for the international purchase of milling wheat. The deadline to submit price offers for the tender is March 12th, with all offers valid until March 13th.

Bretana crude, a niche oil from Peru, is gaining popularity in the US

Posted to Maritime Reporter on January 14, 2025

Bretana crude, a niche oil from Peru, is becoming increasingly popular in the United States. The first cargo was discharged in the U.S. Gulf Coast last month. U.S. refiners are looking for alternatives to Mexican heavy crude. Bretana is a heavy…

More than 20 people are arrested in a cocaine-smuggling investigation between Brazil and Italy

Posted to Maritime Reporter on December 10, 2024

Brazilian and Italian authorities announced that they had launched two joint operations Tuesday to dismantle a transnational conspiracy to transport cocaine using cargo ships or planes from South America to Europe. In Brazil, 18 arrest warrants…

Louis Dreyfus opens new sugar transshipment facility in Brazil

Posted to Maritime Reporter on November 19, 2024

The agricultural firm Louis Dreyfus announced on Tuesday the construction of a new transshipment sugar terminal in Brazil's Sao Paulo State, which is expected to be finished by mid-2025. Executives from the company claim that the new terminal…

Potash production is nearing pre-war levels, forcing producers to reduce output

Posted to Maritime Reporter on October 23, 2024

The global potash supply has returned to the levels before the invasion of Ukraine. Russia and Belarus have increased shipments to Asia, South America and Europe to avoid Western sanctions, and to pressure producers to reduce output to avoid an oversupply.

Trade sources claim that Trader Vitol is selling Venezuelan oil to Indian refiners.

Posted to Maritime Reporter on October 8, 2024

Trade sources reported that two Indian state refiners bought 2,000,000 barrels of Venezuelan oil from Vitol, for delivery in November. This is despite the fact that Venezuelan crude shipments continue to increase to what was previously Venezuela's second-largest oil market.

PARIS OLYMPICS: what you should know now

Posted to Maritime Reporter on August 5, 2024

The river Seine, which was a major concern during the Games due to its water quality, was once again in the spotlight after the mixed relay race was held early on Monday morning after training had been cancelled the day before. Noah Lyles, of the U.S.…

Venezuelan oil exports in June were almost unchanged, at 760,000 barrels per day

Posted to Maritime Reporter on July 1, 2024

According to shipping documents and data, Venezuelan oil exports in June were mostly flat at 760,000 barrels a day (bpd), as U.S. licences supported the half of shipments for destinations within Europe and the U.S. Washington decided in April…

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