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Tuesday, December 23, 2025

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Venezuela uses floating storage to fill onshore tanks

Posted to Maritime Reporter on December 23, 2025

According to documents and data from the company, Venezuela's PDVSA, the state-owned oil company, has started to fill tankers with crude oil and fuel oil, and keep them in Venezuelan water, due to the accumulation of inventories caused by?the U.S. seizing Venezuelan-linked ships on sea. The U.S.

As on-shore tanks fill due to ship seizures, Venezuela turns to floating storage

Posted to Maritime Reporter on December 23, 2025

According to documents and data from the company, Venezuela's PDVSA state-run oil firm has begun filling up 'tankers' with crude oil and fuel oil that it has in its storage. This is because inventories are increasing amid U.S. moves to seize Venezuelan-linked ships. This month, the U.S.

Orsted sells Cathay 55% of Taiwan's wind farm

Posted to Maritime Reporter on December 23, 2025

Orsted, a Danish offshore wind developer, has agreed to sell a 55% stake in its Greater Changhua II offshore wind farm in Taiwan. The deal is worth approximately 5 billion Danish crowns (788.74m). You can also restore your own website. Investor…

Russell: China overtakes OPEC+ to become the primary oil price maker

Posted to Maritime Reporter on December 23, 2025

The conventional wisdom on the crude oil markets is that producers like OPEC+ largely control the price of crude oil by changing output levels in order to achieve a desired result. This shibboleth has been challenged by China in 2025, who used…

Russia blames the low grain prices in the world for its stalled exports

Posted to Maritime Reporter on December 23, 2025

In a newspaper interview published on Tuesday, Dmitry Patrushev, the Deputy Prime Minister, said that low global prices have slowed down Russian grain exports during this marketing season. He also stressed that Russian grain remains in high demand.

Sources: Bahrain's BAPCO has sent its first diesel cargo to Australia for two-and-a half years.

Posted to Maritime Reporter on December 23, 2025

Bahrain's only oil refiner BAPCO Energies shipped its first diesel cargo in Australia for nearly two-and-a half years. This was based on data from shiptrackers, three sources of trade, and other sources. The company is ramping up production and exports as part of a capacity expansion.

Russell: China overtakes OPEC+ to become the primary oil price maker

Posted to Maritime Reporter on December 22, 2025

The conventional wisdom on the crude oil markets is that producers like OPEC+ largely control the price of crude oil by adjusting output levels in order to achieve a desired result. This shibboleth has been challenged by China in 2025, who used…

China calls the US seizure and detention of ships an 'international law violation'

Posted to Maritime Reporter on December 22, 2025

China's Foreign Ministry said on Monday that the seizure by the United States of another country's vessels was a'serious violation of international law', after the U.S. stopped a China bound oil tanker near the Venezuelan coastline. China's Lin Jian…

Officials say that a drone attack by Ukraine has damaged two vessels in Russia’s Krasnodar.

Posted to Maritime Reporter on December 21, 2025

Regional authorities in Russia's Krasnodar Region said that a Ukrainian drone attack damaged two vessels and two piers, as well as causing a fire, on the Black Sea Coast. The Krasnodar operational headquarters announced on the Telegram app that…

Macron to troops in Gulf: France will build new aircraft carriers

Posted to Maritime Reporter on December 21, 2025

Emmanuel Macron, President of France, confirmed his plans to build a larger and'more modern' aircraft carrier to replace the Charles de Gaulle carrier. This will boost France as a maritime superpower. Macron, who first touted these plans in 2020 was speaking to troops at a French base in Abu 'Dhabi…

Ship data shows that a Russian naphtha-tanker on blacklist enters Venezuelan water while another diverts.

Posted to Maritime Reporter on December 19, 2025

Ship tracking data revealed that a tanker under U.S. sanctions, carrying 300,000 barrels naphtha from Russia, entered Venezuelan waters on Thursday night, while another started re-routing course?into the Atlantic Ocean. This was a result of differing last-minute decisions made by ship owners…

South Korean milling groups bought around 50,000 tons wheat from US traders, traders claim

Posted to Maritime Reporter on December 19, 2025

European traders reported on Friday that a South Korean flour'mill group' purchased an estimated 50,000 tons of milling wheat this week to be sourced from the United States. This purchase is in addition to the 20,800 tons U.S. origin wheat purchased by another South Korean milling company this week.

Sources say that Venezuela has authorized the departure of two supertankers loaded with oil, but not sanctioned by Venezuela.

Posted to Maritime Reporter on December 18, 2025

According to two sources familiarized with Venezuela's oil-export operations, Venezuela approved on Thursday the departure of two very large crude carriers (VLCC). This would be just the second and third supertankers since last week, when a ship carrying Venezuelan oil was seized by U.S.

US sanctions 29 tankers of the'shadow fleet" carrying Iranian oil

Posted to Maritime Reporter on December 18, 2025

Washington imposed sanctions on 29 vessels, their management companies and related firms on Thursday as it targeted Tehran's alleged "shadow fleet" that exports Iranian oil and petroleum products. U.S. Treasury says the targeted vessels and…

EU targets 41 more vessels in Russia's Shadow Fleet

Posted to Maritime Reporter on December 18, 2025

The European Union imposed sanctions on Thursday against 41 additional ships of 'Russia's Shadow Fleet, bringing the total number of designated vessels to nearly 600. EU Council: The EU has banned the ships from entering EU ports, and they can…

New York Times Business News - December 18,

Posted to Maritime Reporter on December 18, 2025

These are the most popular stories from the New York Times' business pages. These?stories have not been?verified and we cannot vouch for the accuracy of these stories. The United States has approved the sale of $11.1 billion worth of arms to Taiwan. This is the largest U.S.

Authorities say that three people were killed by Ukrainian drones in the Rostov region of Russia.

Posted to Maritime Reporter on December 18, 2025

The local governor confirmed that three people were killed, including two crew of a cargo ship, in overnight Ukrainian drone attacks against the Russian port Rostov on Don and the town of Bataysk, in the southern region of Rostov. On his Telegram?messaging application channel…

South Korean submarine contractors jailed for leaking information

Posted to Maritime Reporter on December 17, 2025

According to a ruling that was reviewed by the. According to the ruling, on Tuesday, the Masan Branch Changwon District Court sent to prison the chief executive officer of a South Korean contractor for two and a quarter years and sentenced two employees from another firm to one and a quarter years.

South Korea's MFG begins buying corn at tender, traders claim

Posted to Maritime Reporter on December 17, 2025

South?Korean Major?Feedmill Group?has begun buying corn at an international auction on Wednesday, with initial purchases of 136,000 metric tonnes. According to traders, the tender is for up to 210,000 tons. Therefore, more purchases are possible.

China claims that the Philippines has distorted facts regarding an incident near a disputed atoll

Posted to Maritime Reporter on December 17, 2025

China's defense ministry accused the Philippines of?distorting?the truth about a?incident that involved?the Chinese Coast Guard and Filipino fishermen near an South China Sea Shoal. It defended Chinese action as "reasonable" and "lawful". Manila's…

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