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Saturday, April 4, 2026

Maritime Blogs Published

Ferretti advisor calls KKCG stake-raising offer unattractive

Posted to Maritime Reporter on March 12, 2026

Ferretti, the Italian yacht manufacturer, said 'on Friday that a 'independent financial advisor has deemed KKCG - a Czech investment group -?offering to redouble its stake in Ferretti as "not attractive". Ferretti stated that the independent…

US allows countries to purchase Russian oil that has been stranded on the sea for 30 Days

Posted to Maritime Reporter on March 12, 2026

The United States has issued a license to countries for a period of 30 days to purchase stranded Russian oil and petroleum products. This was done to help stabilize the global energy markets, which have been shook by the war against Iran. In…

McGeever: The war in Iran is a 'TACO too far'

Posted to Maritime Reporter on March 12, 2026

The "Trump always cries out" strategy of buying beaten-down shares on the assumption that U.S. President Trump will eventually back down from more extreme policies has been,?for most part, a profitable investment strategy. The Iran war could change all that. The U.S.

Foreign ministry: Ships must coordinate their passage with Iran's Navy to pass Strait of Hormuz

Posted to Maritime Reporter on March 12, 2026

The spokesperson for the Iranian foreign ministry said that ships must coordinate with the navy of Iran to cross the Strait of Hormuz. This was reported by the?Mehr News Agency? on Thursday. Mojtaba Khmenei, the new Supreme Leader who succeeded his father in office…

McGeever: The war in Iran is a 'TACO too far'

Posted to Maritime Reporter on March 12, 2026

The "Trump always cries out" strategy of buying down-market stocks, assuming that the U.S. president will eventually back off his more extreme policy, has been profitable for most investors. But the Iran war could change that. The U.S. and Israeli attack on Iran…

Ferretti Group yacht manufacturer Ferretti Group acquired a 3.4% stake from Biglari Holdings

Posted to Maritime Reporter on March 12, 2026

The U.S. investment firm Biglari 'Holdings announced on 'Thursday that it had purchased a 3,4% stake in the?Ferretti -Group. KKCG, a Czech investment group, is preparing to make a partial offer for the Italian yacht manufacturer. Biglari Holdings…

Source in India says Iran will allow tankers with Indian flags to pass through Strait of Hormuz

Posted to Maritime Reporter on March 12, 2026

An?Indian source? said that Iran would?allow India flagged tankers to pass through the Strait of?Hormuz. Through this route, 40% of India's crude oil imports go, a?source? based in India denied the agreement. The Indian foreign ministry and…

Asia LNG scramble pulls European cargoes; one US shipment changes destination to China

Posted to Maritime Reporter on March 12, 2026

Asia's scramble to get LNG to replace the output that was cut off by the war in the Middle East has drawn a slew of cargoes from Europe. At least one U.S. shipment is now destined for China. This would end a year long halt on?such _imports because of tariffs.

Dmitriev, a Russian official, says that he has discussed the global energy crisis with U.S. counterparts

Posted to Maritime Reporter on March 12, 2026

The Russian presidential envoy Kirill Dmitriev stated that he discussed the current energy crises with his U.S. counterparts on Thursday as part of a meeting of the U.S. and Russia working group on economics which took place in Florida. Since the closure of the Strait o f?Hormuz on February 28…

Bousso: The release of historic oil reserves is a temporary bandage on the looming supply crisis.

Posted to Maritime Reporter on March 11, 2026

The International Energy Agency plan to release 400,000,000 barrels of oil reserves to the world is unprecedented and urgently needed to counter the devastating supply shock caused by the Iran War. But it will only offer limited relief so long as energy exports to the Middle East are blocked.

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…

Bousso: The release of historic oil reserves is just a bandage on an erupting supply shock.

Posted to Maritime Reporter on March 11, 2026

The plan of the International Energy Agency to release 400,000,000 barrels of oil is unprecedented and urgently needed to counter the supply shock caused by the Iran War. It will only offer limited relief so long as energy exports to the Middle East are blocked.

South Korean milling groups buys around 32,000 tons of wheat from the US traders claim

Posted to Maritime Reporter on March 11, 2026

European traders reported on Wednesday that a group of South Korean flour mills purchased?an estimated?32,000 metric tonne of?milling?wheat to be sourced in the U.S. The purchase involved several wheat types and was made on a FOB basis. They said the tender requested shipment between July 15-31.

US Navy aircraft transit the Taiwan Strait before Trump's planned China trip

Posted to Maritime Reporter on March 11, 2026

The U.S. Navy 'P-8A Poseidon' aircraft flew over the strait of Taiwan in international airspace, a move that the U.S. Washington and Beijing are looking to improve their ties, which have been damaged by issues such as Taiwan, trade disputes, and technology restrictions.

Algerian wheat purchase in 2-port auction seen between 150,000 and 200,000 tons, traders claim

Posted to Maritime Reporter on March 11, 2026

European traders reported on Wednesday that Algeria's state grain agency OAIC reportedly purchased between 150,000 and 200,000 metric tons of milling flour in an international bid?on Tuesday, requesting a?restricted shipping to only?two _ports.

Taiwan bids on estimated 105.020 tons of wheat from the US

Posted to Maritime Reporter on March 11, 2026

European traders reported on Wednesday that the Taiwan Flour 'Millers Association' has issued a?international?tender for the purchase of?an estimated?105,020?metric tons?of grade 1 milling?wheat to be sourced in the United States. The deadline to submit price offers for the tender is March 19.

State media report that Iran has arrested dozens of people, including a foreign national with ties to the US and Israel.

Posted to Maritime Reporter on March 10, 2026

The Intelligence Ministry announced on Tuesday that Iran has arrested dozens of people, including a foreign national. They were arrested for allegedly spying for the country's "enemies". ?and Israel. On February 28, the U.S., Israel and other countries launched airstrikes on Iran.

Ship trackers reveal that another tanker carrying Iranian oil has passed through Hormuz.

Posted to Maritime Reporter on March 10, 2026

Data from ship trackers revealed that a supertanker?with 2 million barrels?of Iranian crude oil onboard?sailed?through?the?Strait of?Hormuz the previous day. This vessel is one of at least five others shipping oil to?Asia?since February 28.

CORRECTED - Southeast Asian refineries reduce output due to tightened crude supplies

Posted to Maritime Reporter on March 10, 2026

Sources say that a growing number of refineries in Southeast Asia, who are dependent on Middle East oil for their production, have reduced output due to the U.S./Israeli war against Iran. Sources say that the conflict has halted all shipments across the Strait of Hormuz.