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Three bids are received for the $10 billion tender to privatize Argentina's rivers

Posted to Maritime Reporter on February 27, 2026

Minister Luis Caputo, Argentine Economy, announced that three foreign companies had submitted bids 'for the contract' to dredge 'and operate' Argentina's Parana River. This is a vital waterway 'for 'the country's exports of agricultural products.

Frontex and Spain search for missing boat of Balearic Islands migrants

Posted to Maritime Reporter on February 27, 2026

The Spanish government reported that the Spanish border agency Frontex and Spanish police were'searching on Friday for a boat with an unknown number of migrants who had tried to reach Balearic Islands. Walking Borders, a group that advocates for migrant rights…

Palanad 4 wins Caribbean 600 with IRC Zero title

Posted to Maritime Reporter on February 26, 2026

Antoine Magre’s Palanad 4 won the IRC Zero race in a Caribbean?race determined by tactical 'nerves' and sustained speed. The boat posted the?best corrected?time after two days, ten hours and 32 minute of intense sailing. James Neville's British…

Turkey buys 350,000 tonnes of corn at tender in a provisional bid, traders report

Posted to Maritime Reporter on February 26, 2026

The Turkish grain 'board TMO?purchased?about 350,000 metric tonnes?of animal feed corn in a?international tender held on Thursday. Final confirmation of the purchase will be made in the next few days. Purchases made at the beginning can be?reduced or?cancelled?completely.

Bousso: Geopolitical turmoil provides OPEC+ with cover to increase production cautiously.

Posted to Maritime Reporter on February 26, 2026

OPEC+ will meet on Sunday to decide its next production step amid increased geopolitical 'friction' affecting almost a third its output. This volatility could give the group the cover it needs to maintain its narrative of a balanced market, even if the reality on the ground suggests otherwise.

Orban, Orban: EU should go and verify damage to Druzhba Pipeline

Posted to Maritime Reporter on February 26, 2026

Hungarian PM Viktor Orban asked the EU on Wednesday for a fact-finding mission to assess damage to the 'Druzhba' oil pipeline in Ukraine. A letter seen by revealed that this might help unlock new EU funding for Ukraine. Orban acknowledged the…

Traders say that Turkey has received offers for the 350,000 tons of corn tender.

Posted to Maritime Reporter on February 26, 2026

Initial assessments by traders indicate that the lowest price offered in the first round of the tender for 350,000 metric tons of animal feed corn was $248.80 per metric ton, including freight. Bek Tarim, a trading house, was said to have made the offer for shipment of 26…

Bousso: Geopolitical turmoil provides OPEC+ with cover to increase production cautiously.

Posted to Maritime Reporter on February 26, 2026

OPEC+ will meet on Sunday to decide its next production step amid increased geopolitical tensions that affect nearly a third?of?its output. This volatility could give the group the cover it needs to maintain its narrative of a balanced market, even though the facts in the field suggest otherwise.

CMB Tech, a shipping group, beats expectations in its fourth-quarter core profit.

Posted to Maritime Reporter on February 26, 2026

CMB Tech reported fourth-quarter earnings that were above market expectations on Thursday, as a robust tanker and dry bulk markets allowed the Belgian Shipping Group to secure charters and sell older ships at high prices. EBITDA (earnings before 'interest…

Ireland looks to closer collaboration with NATO neighbors in order to deal with maritime threats

Posted to Maritime Reporter on February 25, 2026

Ireland plans to increase radar and subsea monitoring capabilities, and work more closely with NATO members in the face of hybrid threats arising from the North Atlantic. This was revealed by the country on Wednesday as part of its first maritime strategy.

Source: Kazakhstan's daily oil production and condensate output has risen by 40% in February.

Posted to Maritime Reporter on February 25, 2026

A source familiar with these data said on Wednesday that Kazakhstan's oil production and gas condensate increased sharply in the first two weeks of February. It reached a record 1.8 million barrels per day compared to 1.27 million in January.

Iberdrola plans to extend the nuclear fleet of Spain.

Posted to Maritime Reporter on February 25, 2026

Iberdrola's chief expects the company to ask for a similar extension of the life of all nuclear reactors in Spain, following a request made previously for the Almaraz plant. The debate about nuclear power in Spain was re-ignited by a major blackout that occurred in April.

Union: Ukrainian export prices for rapeseed crop increase amid fears of lower output

Posted to Maritime Reporter on February 25, 2026

The UAC farmers' union said that the indicative export prices for Ukraine’s 2026 rapeseed crop?have increased to $530-$540 a tonne CPT July-August from $510-$520 reported a month earlier. Ukraine, one of the largest European exporters and growers of rapeseed…

Italian defence group Leonardo beats 2025 guidance, cuts debt

Posted to Maritime Reporter on February 25, 2026

Leonardo, the Italian defence group, posted a '2025 result that was above its financial targets. It also saw a significant improvement in its debt and an increase in key indicators. New orders increased 14.5% on an annual basis to 23.8 billion euros ($28.09billion)…

Venezuela prepares larger oil cargoes to export and targets India

Posted to Maritime Reporter on February 24, 2026

Four sources and shipping data indicate that buyers and trading houses of Venezuelan oil chartered the very large crude carriers to export the South American nation?since the Caracas-Washington deal was signed. This move will boost deliveries to India.

Ferretti's boss signals appetite for M&A amid annual core profit growth

Posted to Maritime Reporter on February 24, 2026

Italian yacht manufacturer Ferretti announced a 6.7% increase in its core profit for the full year, as well as a 47% jump in orders of made-to measure?yachts. Last year, adjusted?earnings prior to interest, taxes and depreciation (EBITDA), a measure of earnings before interest…

Venezuela prepares larger oil cargoes to export, targets India

Posted to Maritime Reporter on February 24, 2026

Sources and data indicate that trading houses and buyers of Venezuelan oil chartered the very large crude carriers to export from the South American nation since the Caracas-Washington deal was signed. This is expected to increase shipments to India and speed up the process starting in March.

Pentagon: US forces capture third sanctioned oil-tanker in Indian Ocean

Posted to Maritime Reporter on February 24, 2026

The Pentagon announced?on Tuesday that U.S. forces had intercepted a sanctioned tanker in the Indian Ocean, after tracing it from Caribbean waters. This was the third interdiction of this kind in the region. Washington has stepped up its blockade of vessels going to or from Venezuela…

The largest refinery in Romania will shut down for scheduled maintenance in March

Posted to Maritime Reporter on February 24, 2026

The largest refinery in Romania,?Petromidia?, located on the Black Sea, will close in March for a scheduled review, according to its owner. This could result, among other things, in a reduction of fuel supplies and an increase in prices. Rompetrol Rafinare is the owner of the refinery.

Bousso: US and China are the key to containing an oil shock in the Middle East

Posted to Maritime Reporter on February 24, 2026

A major military conflict between the U.S., Iran and other Middle Eastern countries could cause a disruption of oil supplies in the region. It could be that the vast oil reserves held by both the U.S.A. and China are crucial in controlling it.

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