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Panama's President says that port contracts won't be awarded to one operator

Posted to Maritime Reporter on February 6, 2026

The Panamanian president, Jose Raul Mulino, said 'on Thursday' that the concession contracts for operating?two ports operated by Hong Kong-based CK Hutchison Holdings over a period of nearly?three _decades would "never" be given to a single firm.

Venezuelan oil exports jump to 800,000 barrels per day in January under US control.

Posted to Maritime Reporter on February 2, 2026

Shipping data shows that Venezuelan oil exports jumped to a record?800,000. barrels per day in January under the control of the United States, from 498,000 barrels per days in December. This was after the capture by the U.S. of President Nicolas Maduro…

US approves license for Texas deepwater oil export port

Posted to Maritime Reporter on February 4, 2026

The U.S. Transportation Department approved on Tuesday a license for Sentinel Midstream’s planned deepwater oil export off the Texas Coast. In a recent statement, Transportation Secretary Sean "Duffy" said that the Texas GulfLink Project is part of Trump's efforts to boost U.S.

China describes the Panama court's ruling on CK Hutchison Port contracts as'shameful and pathetic'

Posted to Maritime Reporter on February 4, 2026

China has called the Panama court's decision to annul CK Hutchison’s contracts to operate a pair of Panama Canal ports as "absurd, shameful and pathetic" and vowed that it would defend Chinese interests. Panama's Supreme Court annulled last…

After procedural issues are resolved, the US SEC fraud against Gautam Adani can move forward.

Posted to Maritime Reporter on January 31, 2026

The U.S. Securities and Exchange Commission arranged for Gautam Adani to be served with a civil lawsuit alleging fraud, allowing the regulator's case against India’s second richest person to continue. In a Friday filing in Brooklyn, New York…

Deals of the Day- Mergers and Acquisitions

Posted to Maritime Reporter on November 24, 2025

BHP has abandoned its last-ditch attempt to acquire rival Anglo American to bolster its copper dominance, just two weeks ahead of the 60 billion dollar merger between Anglo and Teck Resources. Monash IVF Group has announced that it rejected…

New York Times Business News - October 14,

Posted to Maritime Reporter on October 14, 2025

These are the most popular stories from the New York Times' business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. Patrick James, the chief executive officer of First Brands (an auto parts…

Court rules that contract with Hong Kong port operator violates Panama constitution

Posted to Maritime Reporter on January 31, 2026

The Panama Supreme Court ruled that a 'contract' held by a Hong Kong-based company to operate the ports of the Panama Canal was in violation of the Panama Constitution and did not serve the public interest. The court released its decision on Friday, but did not explain the reasoning behind it.

Stonepeak and CMA CGM form joint port venture

Posted to Maritime Reporter on January 29, 2026

The French shipping company CMA CGM has partnered with U.S. investment group Stonepeak to form a joint-venture valued at almost $10 billion. This venture will 'operate and develop port terminals in the United States, among others,' the companies announced on Wednesday.

US may use Export-Import bank for Venezuela oil projects, energy chief says

Posted to Maritime Reporter on January 9, 2026

Energy Secretary Chris Wright told reporters that there is a "real possibility" the U.S. might use its Export-Import Bank to 'fund large oil projects' in Venezuela. This was before President Donald Trump met with industry executives later on Friday.

The differentials remain the same

Posted to Maritime Reporter on January 2, 2026

The differentials between Caspian and Urals crude oil remained unchanged on Friday, in a'mild' market. Russia -and a few of its neighbouring countries - were off for the New Year holiday. There were no bids or offers reported to Platts on Friday for Urals, Azeri BTC - and CPC Blend.

Sources: Caspian Pipeline Consortium increases oil exports by 9% in September m/m.

Posted to Maritime Reporter on October 13, 2025

According to two industry sources, the Caspian Pipeline Consortium increased its oil exports by 9% per day in September compared to August, to 6.6 millions metric tons or 1.75million barrels daily. CPC exports oil via a pipeline that carries over 80% of all Kazakh crude oil exports.

China will start charging US vessels additional port fees as of October 14.

Posted to Maritime Reporter on October 10, 2025

China's Transport Ministry announced on Friday that vessels owned or operated or built in the United States, or those flying the U.S. Flag will be subject to additional port fees for each voyage as of October 14. The ministry stated that the fees were a countermeasure to upcoming U.S. Port fees.

Panama Canal revenue to reach $5.7 billion in FY2025, up 19%

Posted to Maritime Reporter on October 8, 2025

In a Wednesday statement, the Panama Canal reported that revenues in fiscal year 2025 rose by 14.4% to $5.7 billion based on unaudited preliminary figures. The Canal also reported that vessel traffic increased by 19.3% on an annual basis to 13,404 in the 12-month period ending September 30.

Canada - September 9

Posted to Maritime Reporter on September 9, 2025

These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. As the search for vital metals intensifies, Vancouver-based Teck Resources…

Panama Ports will discuss port sale with Panama Government

Posted to Maritime Reporter on August 1, 2025

Panama Ports Company said that on Friday it would communicate with the Panama Government at the appropriate time regarding the sale of two important ports it operates near to the Panama Canal. Hong Kong's CK Hutchison owns 90% of PPC. The company…

Imports from China to the busiest US port rose in June after tariffs were reduced

Posted to Maritime Reporter on July 14, 2025

The port's director announced on Monday that imports into the largest U.S. seaport, Los Angeles, rebounded in June. They finished up 10% from a year earlier and contributed to a record volume for the entire month. Last month, the Port of Los Angeles received 470,450 TEUs of cargo after the U.S.

Canada - June 19

Posted to Maritime Reporter on June 19, 2025

These are the most important stories that appeared in a Canadian newspaper. These stories have not been verified and we cannot guarantee their accuracy. The Liberal government of Canada pushed through on Thursday a bill that allows the cabinet…

Israeli strikes Yemen's Hodeidah following Houthi attacks on Israel

Posted to Maritime Reporter on May 5, 2025

Israel said that it conducted airstrikes on Yemen's Hodeidah Port Monday, one day after Iran-aligned Houthis launched a missile near Israel's primary airport. In a press release, the military claimed that it had attacked targets it considered terrorists in Hodeidah.

CNBC interviews LA port official who says that shipping volume will drop by 35% next Monday.

Posted to Maritime Reporter on April 29, 2025

Gene Seroka said that the Los Angeles port expects a 35% decrease in cargo coming from Asia in the next week in an interview with CNBC on Tuesday. He said that major American retailers had stopped all shipments to China. This contributed to 45% of the traffic in Los Angeles.
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