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Cargill Santarem Port Terminal is now open to the public after a Brazilian court reversed its previous order.

Posted to Maritime Reporter on February 20, 2026

According to a decision signed by federal Judge Shamyl Cipriano, a Brazilian court restored late on Wednesday an order allowing?access?to the Santarem River port terminal operated by U.S. grain traders Cargill. The Brazilian court reinstated…

Caribbean speed demons gear up for 600-mile island hopping duel

Posted to Maritime Reporter on February 20, 2026

The 17th RORC Caribbean 600, which will take place next week, will feature two MOD70 trimarans that can reach speeds of over 30 knots. Both Jason Carroll's Argo, and Jon Desmond’s Final Final – Zoulou will be battling it out in the tradewinds of 11 Caribbean Islands.

Data shows that the discount for Russia's Urals Crude Oil is at its deepest level since 2023.

Posted to Maritime Reporter on February 20, 2026

Data shows that the world's benchmark Brent crude oil is being sold at the lowest price in three years from the Baltic ports of Russia. Discounts are important, as they result from sanctions that the West imposed against Russia for the "war" in Ukraine.

Kommersant reports that the discount for Russia's Urals has risen to $28 in Baltic countries - its highest level since 2023.

Posted to Maritime Reporter on February 20, 2026

The 'discount on Brent' for Russia’s flagship Urals oil blending in the Baltic Sea, reported the Kommersant paper citing Argus data, has widened up to $28 a barrel. This is the highest level since a peak -in April 2023. The federal budget has…

Russell assumes that there will be no disruption in the supply of crude oil from Iran.

Posted to Maritime Reporter on February 18, 2026

There is a premium built into crude oil prices due to tensions between Iran and the United States. The headlines fluctuate daily, but there's an assumption that all will be well. Brent futures, the global benchmark, rose 4.4% to $70.35 per barrel on Wednesday.

Bousso

Posted to Maritime Reporter on February 18, 2026

This month, China marks one year since its last import of liquefied gas from the U.S. in the midst of a heated trade war between two world's largest economies. Chinese companies have purchased U.S. LNG from American producers under long-term contracts.

Japan's JERA claims domestic offshore wind project is on schedule despite rising cost

Posted to Maritime Reporter on February 18, 2026

JERA, Japan's largest power generator, has started?construction on its offshore wind project at Akita in?northern Japan. The project is scheduled to start up by 2028, according to Hisahide OKuda, the president of JERA. The move comes despite…

Lavrov, the Russian Foreign Minister, tells Cuban Minister that the US should not blockade Cuba by naval force but instead negotiate.

Posted to Maritime Reporter on February 18, 2026

On Wednesday, Sergei Lavrov, the Russian Foreign Minister, told Bruno Rodriguez his Cuban counterpart that Moscow was urging the U.S. to not impose a complete naval blockade against the communist-run Island and instead advocated negotiations.

Leader of the busiest US port says: 'Exports look dismal'

Posted to Maritime Reporter on February 18, 2026

The Port of Los Angeles is the busiest U.S. ocean gateway. Exports fell by 8% in January, to the lowest output monthly in almost three years. Seroka, after the Port of Los Angeles handled 104.297 20-foot equivalent unit (TEU) of loaded export containers in January…

Elliott builds over 10% stake in Norwegian Cruise, seeks board change

Posted to Maritime Reporter on February 18, 2026

Elliott Management disclosed on Tuesday that it has built up a stake of more than 10% in Norwegian Cruise Line Holdings. The activist investor is pushing for management and board changes at the cruise operator to turn things around. Morning trading saw a 10% increase in the shares of the company.

Interfax reports that oil production at the giant Tengiz Field in Kazakhstan has gradually increased after an outage.

Posted to Maritime Reporter on February 18, 2026

The Tengizchevroil group, which operates the giant Tengiz oil field, reported to Interfax on Tuesday that the oil?production is gradually increasing after a'suspension' in January. Tengiz - which accounts for 40% of Kazakhstan's total oil production…

Activist Elliott owns over 10% of Norwegian Cruise Line. WSJ reports

Posted to Maritime Reporter on February 16, 2026

The Wall Street Journal reported that Elliott, an activist investor, has acquired a stake of more than 10% in Norwegian Cruise Line. He plans to make changes within the cruise operator. Could not verify immediately the WSJ article. Norwegian…

Source: India seizes 3 Iranian-linked US sanctioned tankers

Posted to Maritime Reporter on February 16, 2026

Sources confirmed that India had seized three U.S. sanctioned 'oil tankers' linked to Iran this month, and increased surveillance in its maritime zone in order to stop illicit trade. This confirms a post made by Indian authorities on X earlier in February, which was deleted.

India steps up surveillance after seizing Iranian-linked US sanctioned tankers

Posted to Maritime Reporter on February 16, 2026

India has taken three U.S. sanctioned tanker ships linked to Iran this month, and increased surveillance in its maritime zone to stop illicit trade. A source with first-hand knowledge of the issue said that on Monday. The source said that India…

North Korea's New Congress will reset its arms goals after noticing gaps in the 2021 plan

Posted to Maritime Reporter on February 16, 2026

North Korea will unveil new weapons development goals this month at its Ninth Party Congress, amid assessments that Pyongyang only checked off part of the sweeping list that Kim Jong Un aimed for at his 2021 Congress. Analysts say that while nuclear weapons and missiles remain central to Kim's plan…

Australia pledges $2.7 Billion to Progress Nuclear Submarine Shipyard Build

Posted to Maritime Reporter on February 14, 2026

Australia announced on Sunday that it will spend A$3.9 billion ($2.76billion) to advance construction of a shipyard which will deliver nuclear-powered subs under the trilateral AUKUS defense pact with the U.S. and?Britain. AUKUS, announced in 2021, is Australia's biggest-ever defence investment.

Trump Administration releases Maritime Action Plan aimed to revive US shipbuilding

Posted to Maritime Reporter on February 14, 2026

The Trump administration released on Friday a plan to rebuild U.S. shipbuilding and other maritime business, which will be paid for in part by port fees collected on cargo brought to the United States aboard ships manufactured in China. The…

US removes updated list of companies allegedly assisting China's military

Posted to Maritime Reporter on February 14, 2026

After posting a list on Friday, the 'United States' removed it shortly thereafter. The updated list included some of China's biggest tech companies including Baidu and Alibaba. The document was posted for an hour and removed China's two largest memory chip manufacturers…

Sources: Venezuela's PDVSA sells oil only to companies with individual licenses

Posted to Maritime Reporter on February 14, 2026

Four sources told us that Venezuela's PDVSA, the state-owned oil company, has refused to sell to companies who do not have individual U.S. licences. This is limiting the exports of oil and stopping the country from draining its brimming tanks more quickly.

UK Development Investment Agency to Resume Joint Investments with DP World

Posted to Maritime Reporter on February 14, 2026

British International Investment, the UK's development investment agency, welcomed DP World’s new chief executive on?Friday and said it would resume investments with the Dubai-based port operator. BII earlier this week halted all new investments…