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After a health scare to the Frenchman, Goodchild takes over as British captain of MACIF

Posted to Maritime Reporter on June 24, 2025

The team announced on Tuesday that French sailing legend Charlie Dalin would miss the entire racing season of 2025 due to health issues. British skipper Sam Goodchild will take over the helm at the IMOCA MACIF Sante Prevoyance Yacht. Despite this year's Vendee Globe champion being absent…

EU wheat prices fall as fears of war fade and harvest approaches

Posted to Maritime Reporter on June 24, 2025

Euronext Wheat Futures dropped sharply on February 2, as traders reported that a tentative ceasefire agreement between Israel and Iran reduced war concerns, while the build-up to large harvests in Northern Hemisphere was maintaining supply pressure.

Trump says China may continue to buy oil from Iran

Posted to Maritime Reporter on June 24, 2025

Donald Trump stated on Tuesday that China could continue to buy oil from Iran, after the U.S. attacked the OPEC members nuclear facilities. He also hoped China would purchase "plenty" from the United States. "China can continue to buy Oil from Iran." "Hopefully…

After maintenance, gas flow at Cheniere Louisiana LNG plant will reach a 3-week high.

Posted to Maritime Reporter on June 23, 2025

According to LSEG, the amount of natural gases flowing to U.S. liquefied gas company Cheniere Energy’s Sabine Pass Export Plant in Louisiana is on track to reach a preliminary 3-week high on Monday. Energy traders noted that an increase in gas…

Sources say that the Middle East war insurance rates are rising due to escalating tensions in Hormuz

Posted to Maritime Reporter on June 23, 2025

Insurance sources reported on Monday that war risk insurance rates for shipments into the Middle East Gulf region have increased to 0.5%, up from 0.2-0.3% one week earlier. This is due to U.S. strikes on Iran's nucleus facilities and the growing dangers to the Strait of Hormuz.

Algeria bids for 240,000 t corn that was likely missed in the previous tender

Posted to Maritime Reporter on June 23, 2025

European traders reported on Monday that the Algerian state agency ONAB had issued a tender for a new international purchase of up to 240.000 metric tons animal feed corn from optional origins. They said that the deadline for submitting price offers to the tender is Tuesday 24th June.

Oil drops 1% from 5-month highs amid Mideast conflict

Posted to Maritime Reporter on June 23, 2025

Oil prices dropped 1% on Monday, after reaching a five-month peak. Markets were trying to gauge the effect of U.S. airstrikes on Iran over the weekend on the transit of oil and natural gas through the Strait of Hormuz. Brent crude futures fell 70 cents or 0.9% to $76.31 per barrel at 10:46 am ET.

Shipping data: Three tankers divert from Strait of Hormuz due to rising tensions

Posted to Maritime Reporter on June 23, 2025

Marine Traffic's ship tracking data revealed on Monday that three empty oil and chemicals tankers had diverted from the Strait of Hormuz, and changed their course. This was amid increasing uncertainty about whether Iran would retaliate in the crucial waterway following U.S.

Italy has frozen Russian oligarchs assets worth more than $2.6 billion

Posted to Maritime Reporter on June 23, 2025

Data provided by Italian authorities shows that Italy has frozen Russian assets worth around 2.3 billion euro ($2.64 billion), with the latest seizures taking place at the beginning this month. Italy has seized bank accounts, yachts, luxury…

Egypt's wheat exports have dropped 30% since 2025

Posted to Maritime Reporter on June 23, 2025

The Agriculture Ministry announced on Monday that Egypt imported 4.9 millions metric tons wheat, 4.2million tons corn, and 2.2million tons soybeans this year. Egypt imported 7.1 million tonnes of wheat last year, along with 4 million tons corn and 1.8 millions tons of soybeans, from January to June.

Press TV reports that Iran's top security organ will decide about the closure of Hormuz.

Posted to Maritime Reporter on June 22, 2025

Iran's Supreme National Security Council will make the final decision about whether the Strait of Hormuz is closed following U.S. airstrikes, Press TV reported on Sunday. The move was reportedly supported by the Iranian parliament. Iran has used the threat to close the Strait of Hormuz…

Russia is ready to provide LNG to Mexico

Posted to Maritime Reporter on June 21, 2025

The Russian Embassy in Mexico announced on Saturday that it was ready to share its energy technologies and supply Mexico with liquefied gas. "We already work with Mexico." "We have excellent LNG technology, and we're ready to share this technology and supply LNG too…

Thyssenkrupp CEO gets new 5-year contract

Posted to Maritime Reporter on June 20, 2025

Thyssenkrupp's CEO Miguel Lopez received a five-year extension, the German conglomerate announced on Friday. The company also set a date in the summer for an extraordinary general assembly to allow shareholders to approve the planned listing.

Luna Rossa welcomes America's Cup winner Burling after Team NZ split

Posted to Maritime Reporter on June 20, 2025

The team announced that Peter Burling, a three-time America's Cup winner and helmsman of New Zealand's Luna Rossa, has left New Zealand to join the Italian team Luna Rossa ahead of the 2027 edition sailing's most prestigious event. The 38th America's Cup will be held in Naples, Italy.

Maersk shipping company temporarily suspends Haifa port visits

Posted to Maritime Reporter on June 20, 2025

Maersk, a container shipping company, announced on Friday that it temporarily suspended vessel calls to Israel's Haifa Port due to regional tensions. The Danish company stated that it had not experienced any other disruptions in its planned operations in the area.

Data shows that Russia increased its seaborne fuel oil sales to India and Turkey between May and June.

Posted to Maritime Reporter on June 20, 2025

Trade and shipping data revealed that Russia increased its seaborne fuel oil exports and vacuum gasoil to India and Turkey during May, as the falling oil prices attracted buyers and the hot summer season demanded more fuel. The oil price fell…

China criticizes British warships' 'troublemaking" Taiwan Strait Transit

Posted to Maritime Reporter on June 19, 2025

China's military condemned on Friday the sailing of a British ship through the Taiwan Strait, saying that it was a deliberate effort to "cause troubles", and undermined the peace and stability in this region. The Royal Navy of Britain said that…

Oil trader 2Rivers (formerly Coral Energy) stops trading

Posted to Maritime Reporter on June 19, 2025

The company announced on Thursday that the Dubai-based oil trading firm 2Rivers (formerly Coral Energy) has stopped its trading activities due to UK sanctions. Western powers have imposed sanction on Russia's traders and fleet, accusing them…

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…

Jordanian traders report that Jordan has bid to purchase 120,000 tons feed barley.

Posted to Maritime Reporter on June 19, 2025

European traders reported on Thursday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline to submit price offers is Friday, June 25. Traders had expected a new announcement after Jordan failed to purchase 120…

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