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Ship insurers cancel their war risk coverage due to the conflict in Iran

Posted to Maritime Reporter on March 2, 2026

A number of marine insurers have announced that they are cancelling their war risk coverage for ships because of the conflict in the Gulf and Iran. According to notices posted on their websites dated March 1, insurers such as?Gard?, Skuld?, NorthStandard?…

Fuel assessments from Platts report that the Iran conflict has disrupted some Middle East oil supplies

Posted to Maritime Reporter on March 2, 2026

S&P Global Platts, a company that reports oil prices, has suspended bids and offers to assess the price of Middle East refined products transiting the Strait of Hormuz due to the shipping disruptions resulting from the U.S./Iran conflict. The note was sent on Monday.

Asian airline shares drop as US-Iran conflict disrupts traveling and raises oil prices

Posted to Maritime Reporter on March 1, 2026

Airline shares fell on Monday. Hong Kong's Cathay Pacific and Australia's Qantas Airlines, as well as Singapore Airlines, Japan Airlines, and Singapore Airlines all dropped more than 5%. This was after Israel and the U.S. launched strikes against?Iran over the weekend…

Trump claims that the US has sunk Iran's Navy.

Posted to Maritime Reporter on March 1, 2026

Donald Trump, the president of the United States, announced on Sunday that he was launching a military operation to sink Iran's Navy. The U.S. military is sinking Iran's Navy. They have destroyed nine Iranian warships and are "going after" the remaining ones.

One presumed deceased and five still missing after tugboat sinks off South Africa

Posted to Maritime Reporter on March 1, 2026

A multi-agency maritime agency said that one person was 'presumed dead' and five crew members were reported missing after a tug boat sank near South Africa’s southern coast. The ship sank around 80 nautical miles south-east of Mossel Bay, in South Africa's Western Cape province.

As the Iran conflict escalates, Asian oil buyers evaluate stockpiles and Middle East alternatives

Posted to Maritime Reporter on March 1, 2026

As the Iran conflict disrupted shipping through the Strait of Hormuz and a rise in oil prices is expected when trading resumes Monday, Asian governments and refiners have been rushing to assess their oil stocks and alternative routes. Asia is…

First SailGP win for the United States in Sydney since 2023

Posted to Maritime Reporter on March 1, 2026

Taylor Canfield led the United States to victory in the Sydney Sail Grand Prix 'on Sunday. It was their first win since Cadiz,?October 20, 2023. Australia's Bonds Flying Roos did not make it to the?event?final for the first time. Canfield's…

Second day of blasts in Dubai and Doha, including Duqm Port

Posted to Maritime Reporter on March 1, 2026

On Sunday, loud blasts could be heard in Dubai and Doha, the capital of Qatar. Oman was also hit for the first time in retaliatory attacks on Gulf neighbours in response to a 'U.S. Israeli attacks on the Islamic Republic have increased. Iran said that it would "target U.S.

Spain takes the lead in Sydney SailGP after two Australian victories

Posted to Maritime Reporter on February 28, 2026

On the first day of the Sydney 'Sail -Grand Prix, the Bonds Flying Roos of Australia won two out of four races. But Diego Botin and Spain topped overnight standings after a strong showing that included two victories of their own. Australia came…

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.

South Korea's KFA purchased about 66,000 tonnes of corn, traders claim

Posted to Maritime Reporter on February 27, 2026

According to European traders, the Korea Feed Association (KFA) purchased 66,000 metric tons of animal feed?corn? in a private transaction on Friday. Trading house Olam was said to have bought the corn that would have been sourced from South America, the United States or South Africa.

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…

South Korea's MFG purchases around 135,000 tons of corn, traders claim

Posted to Maritime Reporter on February 27, 2026

South Korea's Major Feedmill Group (MFG), according to European traders, has so far purchased about 135,000 metric tonnes of animal -feed corn in a?international?tender that sought up to 210,000 metric tons on Friday. Traders said that it was possible for more purchases to be made.

Japan imports rare earths from China fell 5.7% year-on-year in January

Posted to Maritime Reporter on February 26, 2026

According to calculations by 'Mizuho Research & Technologies', based upon a report from the Ministry of Finance, Japanese imports of China rare earths fell 5.7% in January compared to a year ago. It wasn't immediately clear if the decline in…

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…

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…

South Korea's MFG bids up to 210,000 tonnes of corn, traders claim

Posted to Maritime Reporter on February 26, 2026

Major Feedmill Group in South Korea (MFG) issued an international tender for the purchase of up to 210,000 tons of animal feed corn. The deadline for price offers is this Friday, February 27, 2019. Three consignments of between 55,000 and 70,000 tons are required.

South Korea's NOFI purchases approximately 135,000 tons of corn in an auction, traders claim

Posted to Maritime Reporter on February 26, 2026

Nonghyup Feed Inc., a leading South Korean animal feed manufacturer, bought 135,000 metric tonnes of animal feed corn at an international tender on Thursday. Two consignments have been?purchased?, both for arrival in South Korea on July. The…

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.