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Monday, September 14, 2026

Maritime Blogs East Asia

SG Fleet, ORIX and Sumitomo bid for Australia's FleetPartners

Posted to Maritime Reporter on September 13, 2026

Australia's FleetPartners announced?on Monday that it?had recieved revised offers from SG Fleet, Japan’s ORIX and a 'consortium headed by Sumitomo Corp', valuing vehicle leasing firm up to A$982.1million ($702.2million). FleetPartners stock rose nearly?12%…

French crew wins Ocean Race Atlantic final in a nail-biting finish

Posted to Maritime Reporter on September 10, 2026

Paul Meilhat and his United by Ocean crew snatched the victory in the Ocean Race Atlantic's inaugural race on Thursday. They overtook American skipper Francesca Clapcich, 11th Hour Racing's crew in the final mile off Brittany's coast. The French IMOCA…

De Wave, a yacht interiors manufacturer owned by Renaissance Partners, is to be acquired by the company

Posted to Maritime Reporter on September 8, 2026

Italian private equity firm Renaissance Partners announced that it has agreed to buy interiors maker De 'Wave Group, located in Genoa, from Californian investment company Platinum Equity. The deal was reported earlier on Tuesday. A source with…

Source: Platinum Equity will sell yacht interior manufacturer De Wave to Renaissance Partners

Posted to Maritime Reporter on September 8, 2026

Californian investment firm, Platinum Equity, is set to sell De Wave Group to Italian counterpart Renaissance Partners, in a deal valued at around EUR400m ($465m), according to a source close to the matter. Platinum, the Beverly Hills-based firm founded by U.S.

Kim Jong Un, North Korea's leader, says that a new destroyer is part of the nuclear response system

Posted to Maritime Reporter on September 6, 2026

North Korean leader Kim Jong Un claimed that the country's latest destroyer will?be a part of a system for nuclear response and can deliver "annihilating" retaliatory strikes, state media KCNA reported on Monday. However, it did not say whether the vessel was equipped with nuclear weapons.

GRAINS-Wheat continues to slide as Ukraine war negotiations are in focus

Posted to Maritime Reporter on September 4, 2026

Chicago wheat futures fell on Friday. They continued a decline from a high of 3-1/2 years earlier in the week. Traders were watching to see if diplomatic attempts to end Russia's conflict with Ukraine would ease disruptions to important Black Sea grain shipments. The U.S.

GRAINS-Wheat continues to slide as Ukraine war negotiations are in focus

Posted to Maritime Reporter on September 4, 2026

Chicago wheat futures fell on Friday. They continued a decline from a high of?3 1/2 years earlier in the week. Traders were watching to see whether diplomatic efforts to end Russia's war against Ukraine would ease disruptions to important Black Sea grain shipments.

Weekend Reads - Ghost data centers and critical-minerals, Treasury's debt, Treasury's debt.

Posted to Maritime Reporter on September 4, 2026

Want to find inspiration? Every Friday, Weekend Reads highlights what the Open Interest team have been reading, watching, and listening to. This week's selections include AI's growing footprint, ghost data centers, critical minerals and China's energy transition. This weekend we are reading...

Sechin claims that China, and not OPEC or the United States, is responsible for global energy markets

Posted to Maritime Reporter on September 4, 2026

Igor Sechin said that China, and not OPEC, had stabilized the global oil market by reducing crude exports by 5.5 millions barrels per day in this year. Sechin, the Russian energy manager who is a close ally of President Vladimir Putin and the most influential in Russia…

Grain prices set to rise for the fourth consecutive week on China's demand and US weather concerns

Posted to Maritime Reporter on September 4, 2026

Chicago soybeans fell on Friday, but were still on track to achieve a 'fourth consecutive week of gains'. This was due to Chinese purchases of U.S. Concerns over the hot and dry weather in U.S. key growing areas have led to a decline in soybeans.

Low oil prices attract buyers to Iraq, which boosts exports of crude oil in August

Posted to Maritime Reporter on September 2, 2026

According to industry sources and shipping data, Iraq's oil exports increased in August. September shipments are also expected to increase, due to the large profits, and Iranian approval of its tankers passing through?the Strait of Hormuz. The improvement in the supply of heavy…

Low oil prices attract buyers to Iraq, which boosts exports of crude oil in August

Posted to Maritime Reporter on September 2, 2026

According to industry sources, and shipping data, Iraq's?oil exports grew in August. September shipments are also expected to increase, due to the large profits and Iranian approval of its tankers passing through?the Strait of Hormuz. The improvement in the supply of heavy…

ROI-Efficiency, or resilience? Joachim Klement: Democracies must choose one.

Posted to Maritime Reporter on September 1, 2026

Business and government have long sought to maximize efficiency. The pandemic, the trade wars, and the armed conflict have called this into question. They've also highlighted the importance of resilience. But this comes at a price, one that many elected officials are not willing to pay.

Two tankers transporting Saudi oil are attacked in the Strait of Hormuz

Posted to Maritime Reporter on September 1, 2026

According to Marisks and Kpler, two supertankers carrying Saudi crude oil were hit by unknown projectiles minutes apart while they were transiting through the Strait of Hormuz on their way outbound late Monday. Marisks stated that "the near…

Malaysia PM announces measures to reduce living costs and support local businesses

Posted to Maritime Reporter on August 30, 2026

Anwar Ibrahim, the Malaysian prime minister, announced measures on Sunday to combat rising living costs and support businesses. These included restoring higher quotas of subsidised petrol and Diesel?purchases as well as additional funding for schools and small traders.

Six months of MORNING BID AMERICAS

Posted to Maritime Reporter on August 28, 2026

The U.S. president Donald Trump initially said that the Iran war would only last for four to five weeks. But we are now approaching the six-month mark. The financial markets' resilience in the face of what was thought to be an impending doomsday…

Yonhap reports that the HD Hyundai Heavy Industries union has passed a strike vote.

Posted to Maritime Reporter on August 27, 2026

According to Yonhap News Agency, the HD Hyundai Heavy Industries Union has secured its legal right to strike after its members approved industrial action during a three-day vote that took place between August 25 and 27. The union reported that 5…

ADNOC and KPC lease supertankers for oil shipping to Asia

Posted to Maritime Reporter on August 26, 2026

According to shipping and trade data, Abu Dhabi National Oil Co (ADNOC), and Kuwait Petroleum Corp (KPC), have chartered four supertankers for a week-long?loading oil? at Fujairah (United Arab Emirates) bound for Asia. ADNOC has chartered three…

Aramco delivers more oil beyond Hormuz, with some cargoes headed to China

Posted to Maritime Reporter on August 26, 2026

Saudi Aramco offered to load more oil outside the Strait of Hormuz this September, according to four sources who are familiar with the situation. This comes after the company sold at least 4,000,000 barrels of oil in China during the month of August.

Sumitomo's $582 million bid for FleetPartners in Australia ignites a bidding war

Posted to Maritime Reporter on August 25, 2026

FleetPartners Group announced on Wednesday that it had received a takeover bid from a consortium led by Japan's Sumitomo Corp. The offer valued the Australian vehicle leasing provider at A$813.1m ($582.26m). The offer turns the Australian takeover…

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