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Cobalt stocks fall at Wuxi Exchange in scramble to find electric vehicle battery materials

Posted to Maritime Reporter on February 20, 2026

Cobalt stock prices on China's Wuxi Exchange plummeted late in January. Traders attribute the fall to shortages of the material used in electric vehicle batteries in the world's largest consumer. On 'January 29th,'?cobalt, or 37%, was removed from the stock exchange.

Somalia cancels all agreements, including port deals, with UAE

Posted to Maritime Reporter on January 12, 2026

Somalia's Government announced on Monday that it was cancelling all agreements with United Arab Emirates including port deals, defence and security collaboration, and citing evidence that the UAE undermined its national sovereignty. The Council…

Officials from Turkey and Somalia are facilitating talks about a port deal.

Posted to Maritime Reporter on July 1, 2024

Four officials with knowledge of the situation say that the Turkey is now mediating between Somalia, Ethiopia and a port agreement Addis Ababa made with the Somaliland breakaway region earlier this year. Negotiations are the latest effort to repair diplomatic ties.
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