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Hanwha's Philly Shipyard could build nuclear submarines for the US Navy, says executive

Posted to Maritime Reporter on December 25, 2025

Alex Wong is the global chief strategy officer of Hanwha Group. According to a press release issued by the South Korean firm on Thursday, the company's Philly Shipyard can build a nuclear submarine for the U.S. Navy. Wong, who spoke at the Hanwha media day in Philadelphia on Monday…

Russia has set a grain export quota of 20 million tonnes for the period February-June 2020

Posted to Maritime Reporter on December 24, 2025

The?government announced on Wednesday that Russia has set its grain export quota to protect the domestic market at 20 million metric tonnes?for second half of?marketing season. The second half marketing season will run from February 15, 2026 to June 30, 2020.

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.

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…

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…

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…

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…

US readies new Russia sanctions if Putin rejects peace deal, Bloomberg News reports

Posted to Maritime Reporter on December 17, 2025

Bloomberg News reported Wednesday that the United States is preparing to impose more sanctions on Russia's energy sector in the event President Vladimir Putin rejects a peace agreement with Ukraine. The report stated that the U.S. was 'considering' options…

Oil rises by over 1% after Trump blocks oil tankers from entering or leaving Venezuela

Posted to Maritime Reporter on December 16, 2025

U.S. crude oil futures jumped more than 1% on Wednesday after U.S. President Donald Trump ordered "a total and complete" blockade against all sanctioned tankers that enter or leave Venezuela. U.S. Crude Futures rose 1.3% or 72 cents to $55.99 as of 0022 GMT.

Turkey claims to have shot down an uncontrolled drone in the Black sea

Posted to Maritime Reporter on December 16, 2025

The defence ministry said that Turkey shot down a drone which was approaching its airspace above the Black Sea. The?ministry issued a statement saying that Turkish and NATO F-16 jets had been put on alert after the 'detection' of the drone.

EU sanctions companies and individuals who move Russian oil

Posted to Maritime Reporter on December 15, 2025

According to a EU official and its Official Journal, the 'European Union' has adopted sanctions against companies and individuals accused of operating Russia's shadow fleet of oil tankers in order to circumvent Western sanctions. The sanctions are aimed at nine "enablers" of the shadow fleet.

Weather and security concerns cause delays for oil tankers to jump from 12 days to 12.

Posted to Maritime Reporter on December 12, 2025

Winter storms, increased'security' risks and shorter daylight hours have caused delays for oil tankers traveling through the Turkish Straits. According to traders, the congestion is worsened due to increased security checks after recent attacks against tankers transporting Russian oil…

Data shows that Russia's fuel exports by sea fell slightly in November.

Posted to Maritime Reporter on December 12, 2025

Data from industry sources showed that Russia's seaborne exports of oil products in November fell by 0.8% compared to October, at 7,494 million metric tons. The impact of drone strikes?on the energy infrastructure has been offset by a certain…

Bousso: Trump won't make Venezuela's OPEC member a battlefield.

Posted to Maritime Reporter on December 10, 2025

Venezuela will likely retain its seat within OPEC, even if U.S. president Donald Trump succeeds in forcing a government change in the oil-rich nation. The U.S. wants to bolster their alliance with the cartel while they?expand their own sphere of influences. The U.S.

Bousso: Trump won't make Venezuela's OPEC member a battlefield.

Posted to Maritime Reporter on December 10, 2025

Venezuela will likely retain its seat in OPEC, even if U.S. president Donald Trump succeeds in forcing a change in government in the oil rich country. The U.S. wants to strengthen its alliance with the cartel while expanding its own sphere?of?influence. The U.S.

British SailGP team signs Bithell to 2026 reunion with Fletcher

Posted to Maritime Reporter on December 9, 2025

The SailGP team in Britain has signed Stuart Bithell to be their wing trimmer. This will reunite him with Dylan Fletcher who was his Olympic gold medal-winning partner at the Tokyo Games for the?49er. Bithell is a veteran of 'four' SailGP seasons…

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