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Rio prepares for SailGP's Brazil debut after 2025 cancellation

Posted to Maritime Reporter on March 11, 2026

Organisers announced on Wednesday that Rio de Janeiro was preparing to host the 'SailGP Brazil debut' in April. The event is expected to attract tens of thousands to one city's most famous beaches, after it was cancelled due to equipment problems a year ago.

Oil tanker seized by US in Venezuela to transfer crude oil to smaller vessel

Posted to Maritime Reporter on March 11, 2026

Ship tracking data reveals that an oil tanker, seized by the United States for carrying Venezuelan crude oil, is going to 'transfer' the crude oil to a smaller vessel near the Texas coast which can then take it to shore. Last month, the United…

EIA: Brent oil prices will remain above $95/bbl for the next two months due to conflict in the Middle East

Posted to Maritime Reporter on March 10, 2026

Brent 'oil prices will remain above $95 per barrel for the next two months, according to the Energy Information Administration in its short-term energy outlook report. Brent crude futures will then drop below $80 per barrel in the third quarter…

Venezuela resumes its exports of diluted crude after a 15-month break - document

Posted to Maritime Reporter on March 6, 2026

Venezuela resumed this month exports of the diluted crude oil (DCO) that has not been shipped since late 2024. U.S. Chevron sent a 500,000 barrel cargo to the U.S. Gulf Coast. This grade is popular with refiners from countries such as the United States and India.

Data shows that Venezuelan oil exports dropped 6.5% in February due to the loss of Chinese markets.

Posted to Maritime Reporter on March 3, 2026

Venezuelan oil exports 'fell 6.5% from a month ago to'some 737,000 barges per day' as more shipments into the 'United States' and 'Europe' 'couldn't fully offset the 'loss' of what used to be OPEC's main market - China', according to documents and vessel monitoring data from the state company PDVSA.

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.

Motiva purchases cargoes of Venezuelan heavy crude oil for delivery in March; first purchase made since 2019

Posted to Maritime Reporter on February 26, 2026

Sources familiar with the transaction said that Saudi Aramco’s U.S. Trading division purchased a cargo?of Venezuelan Boscan heavy crude for delivery in March, marking its first purchase of this heavy crude suitable for asphalt production. One…

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.

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.

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.

Algeria purchases wheat in tender; traders continue talks on Wednesday

Posted to Maritime Reporter on February 24, 2026

Traders in Europe reported that Algeria's OAIC, the state grains agency, bought milling wheat amidst an international tender which closed on Tuesday. They reported that purchases were between $259 and $250 per metric ton with cost and freight included.

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.

Trucks form 28-km line to deliver soybeans to Brazil's Miritituba river terminals

Posted to Maritime Reporter on February 20, 2026

According to data provided by the oilseed lobby Abiove, trucks loaded with soybeans had to wait in a 28-kilometer-long line to deliver their product to terminals at Miritituba port on the Amazonian coast of Para state. Terminals are operated by Cargill…

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…

Argentine labor reform is up for a key vote in the lower house as unions strike nationwide

Posted to Maritime Reporter on February 20, 2026

The lower house of Argentina's Congress was set to vote Thursday on a controversial labor reform supported by libertarian president Javier Milei. Unions were staging a nationwide walkout that brought parts of Argentina to a standstill. The largest umbrella union in Argentina…

The danger of ships and nets during the whale migration season in Chile

Posted to Maritime Reporter on February 20, 2026

The increased activity of the 'fin whale', the'second largest whale in existence' along Chile's north coast during feeding season is highlighting an 'emerging threat' from collisions with vessels and fishing net entanglements. This warning was made by marine experts and conservationists this week.

Argentine maritime workers begin 48-hour strike against labor reform

Posted to Maritime Reporter on February 18, 2026

The Argentine maritime 'workers of the federation of maritime 'workers in Argentina FESIMAF announced a 48-hour strike on Wednesday that affected cargo vessel operations. The strike is in protest of President Javier Milei’s proposed labor reform bill.

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.

American Magic buys Danish SailGP in $60 Million deal

Posted to Maritime Reporter on February 12, 2026

American 'Magic', the sailing team owned by U.S. sports investor Doug?DeVos and based in New Zealand, bought Danish SailGP record-holders ROCKWOOL racing for $60 million. The deal was announced on the eve before the New Zealand event of the global league.

American Magic buys Danish SailGP in a $60 million deal

Posted to Maritime Reporter on February 12, 2026

American Magic, a sailing team owned by U.S. sports investors Doug DeVos and ROCKWOOL, have bought the Danish 'SailGP' speed record holders ROCKWOOL racing in a 60 million dollar deal announced on the eve before the New Zealand event of the global league.

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