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Sunday, April 26, 2026

Maritime Blogs Published

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…

Dubai's DP World names a new Chairman and CEO following pressure on Epstein

Posted to Maritime Reporter on February 14, 2026

Dubai Media Office reported that DP World, the port giant in Dubai, announced Friday the 'appointment' of Essa?Kazim?as a?chairman?of its board?and Yuvraj narayan?as group chief executive?officer?. This was after mounting pressure had been placed…

EBRD: Romania to purchase Moldova's Giurgiulesti port on the Danube River

Posted to Maritime Reporter on February 14, 2026

It said that the European Bank for Reconstruction and Development will sell a Danube River Port in Moldova called Giurgiulesti to a neighboring Romania, as the Black Sea State seeks to increase its logistics role 'in central and southeast europe.

South Korean milling company buys around 50,000 tons US wheat, traders claim

Posted to Maritime Reporter on February 14, 2026

European traders reported on Friday that a group of 'South Korean flour mills' purchased an estimated 50,000 metric tonnes?of milling wheat?to be sourced from the United States through an international auction. All wheat was purchased free-on-board (FOB) and shipped between June 1 and June 30.

One dead, six injured in Russian air strike on port in Odesa region of Ukraine, deputy PM states

Posted to Maritime Reporter on February 14, 2026

Oleksiy Kulba, Ukraine's deputy prime minister, said that a 'Russian drone' attack had killed one person and injured six others at a port in the Odesa region of Ukraine on the Black Sea. Kuleba stated that the infrastructure of a business was?damaged.

Norwegian Cruise Line names board member John Chidsey CEO

Posted to Maritime Reporter on February 12, 2026

Norwegian Cruise 'Line Holdings announced on Thursday that?John Chidsey has been appointed as its chief executive officer, effective immediately. Harry Sommer is stepping down. Chidsey was appointed to the Norwegian board of directors in 2025 after a previous tenure from 2013 to 2022.

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.

AI in the stock market is now sinking all ships instead of lifting all boats.

Posted to Maritime Reporter on February 12, 2026

Investors are discovering that artificial intelligence is more than just a fertile field for stocks. It is also a minefield. Stock gains for technology firms and other companies have been fueled by the enthusiasm?about AI’s profitability. This…

Sources say that the Volgograd oil refinery in Russia has halted processing following a drone attack.

Posted to Maritime Reporter on February 12, 2026

Two industry sources confirmed on Thursday that the Lukoil owned Volgograd refinery in Russia's southern region halted oil processing on Tuesday. This was after a fire broke out following an attack by Ukrainians. In January, peace talks led…

Fincantieri, the Italian shipbuilder, will increase revenue and profit margins by focusing on defence

Posted to Maritime Reporter on February 12, 2026

Fincantieri pledged on Thursday to 'double its core profits to 1.25 billion euros ($1.49billion) by 2030, under a new multi-year defence-focused strategy. This will also double the'shipyard production capacity of 'Italy and expand its underwater business.

CK Hutchison threatens legal action if Maersk acquires Panama's Balboa and Cristobal terminals

Posted to Maritime Reporter on February 12, 2026

Hong ?Kong's CK Hutchison said on Thursday it has ?notified Panama of an investment-protection treaty dispute after A.P. Moller-Maersk has indicated that it is willing to temporarily take over the management of 'the Balboa and Cristobal terminals.

US Southern Command: No major injuries after collision between two US Navy ships

Posted to Maritime Reporter on February 12, 2026

The U.S. Southern Command released an email statement on Thursday stating that a U.S. Warship and a 'Navy Supply vessel collided during refueling Wednesday afternoon. The USS Truxtun, an Arleigh Burke class guided missile destroyer, and the Supply-class rapid?combat ship USNS Supply…

Tunisia receives offers for 50,000 tons of feed barley, traders report

Posted to Maritime Reporter on February 12, 2026

Initial assessments by European traders indicated that the lowest price offered in Tunisia's international?"tender" on Thursday was just under $276 per tonne, including freight and cost. It was thought that the?offer? for 25,000 tonnes had been made by Dreyfus trading house.

Data shows that Russia's seaborne exports of oil products rose slightly in January m/m.

Posted to Maritime Reporter on February 12, 2026

Data from industry sources showed that Russia's seaborne petroleum products exports for January 2026 increased by 0.7%, compared to December, at 9.12 millions metric tons. This is due to a seasonal decline in domestic demand and high fuel production.

Ukraine grain deliveries in ports have lagged behind last year despite a February increase

Posted to Maritime Reporter on February 12, 2026

Ukrzaliznytsia, the state-owned railway company, said 'on Thursday that grain shipments into Ukrainian ports have remained below 'last year levels despite an increase since?February. Analysts and officials say that the Russian attacks on Ukrainian ports…

Dubai Port giant DP World under pressure over its chief's alleged Epstein ties

Posted to Maritime Reporter on February 12, 2026

The UK Development Finance Agency and Canada's second largest?pension funds have suspended new investments?with global port operator DP World due to alleged ties between DP World's chief executive and disgraced financier Jeffrey Epstein. This has increased pressure on the Dubai based firm.

Meloni, the Italian minister for migration, allows naval blockades to be used against migrants

Posted to Maritime Reporter on February 12, 2026

A government source confirmed that the Italian cabinet had approved a bill authorizing?naval blocksades during times of "exceptional pressure" on the country's border. This is part of a broader?tightening?of measures against irregular arrivals.

The autopsy results show that the migrants who drowned in a shipwreck near Greece actually died from head injuries

Posted to Maritime Reporter on February 12, 2026

Autopsy results show that the majority of 15 Afghan migrants killed last week off the Greek island of Chios when their dinghy collided a coast guard vessel died from head injuries and not drowning. The February 3 collision, one of the deadliest migrant incidents in Greece in recent years…