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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.

After a hot streak, defense companies backed by Silicon Valley are experiencing growing pains

Posted to Maritime Reporter on December 8, 2025

The share of Pentagon contracts held by U.S. Defense Technology companies has roughly doubled over the last year. However, they are still facing growing pains in their efforts to transform from startups to heavyweights that can build weapons at scale.

Poland selects Sweden to provide it with three subs

Posted to Maritime Reporter on November 26, 2025

Poland announced on Wednesday that it had selected Sweden to provide it with three subs. The multi-billion dollar deal is a crucial element in Warsaw's effort to strengthen its defenses in the Baltic Sea. Warsaw is increasing its investments…

Taiwan claims that China has sometimes staged mock attacks against foreign navy ships in the Strait

Posted to Maritime Reporter on December 3, 2025

A senior Taiwan official revealed on Wednesday that China's military simulates foreign naval vessels being attacked in the Taiwan Strait, and Taiwan shares information with international partners who operate in these waters. China, which claims democratically-governed Taiwan as its territory…

EU wheat prices with Chicago ease as rally fueled by China subsides

Posted to Maritime Reporter on November 19, 2025

Euronext Wheat prices fell Wednesday, in line with Chicago. A grain market rally sparked by Chinese purchases U.S. Soybeans faded as wheat traders shifted their focus back to the ample global supply. The most active contract, March wheat on the Paris Euronext exchange…

China refiner Yanchang Petroleum rejects Russian oil at latest tender, traders claim

Posted to Maritime Reporter on November 11, 2025

Two traders who are familiar with the matter confirmed on Tuesday that Yanchang Petroleum, a refiner backed by the Chinese provincial government and delivering crude oil between December to mid-February is not using Russian oil. Yanchang in Shaanxi province…

South Korean officials question the feasibility of building a nuclear submarine at US shipyards

Posted to Maritime Reporter on November 6, 2025

Philly Shipyard, owned by South Korea in the United States, does not have the capacity to build ships at the moment. Kim Min-seok, the Prime Minister of South Korea, said this on Thursday at a hearing in parliament. Donald Trump, the U.S. president, wrote on Twitter last week about his remarks.

New Zealand targets shadow Fleet in Expanded Russia Sanctions

Posted to Maritime Reporter on October 29, 2025

New Zealand announced on Thursday expanded sanctions against Russia's shadow fleet and oil industry during a meeting with the Nordic five foreign ministers. Winston Peters, New Zealand's foreign minister, said in a press release that New Zealand sanctioned 65 more shadow fleet vessels from Belarus…

Analysts say that a sanctioned LNG tanker is responsible for the STS transfer off Malaysia.

Posted to Maritime Reporter on October 30, 2025

Two analytics firms report that a sanctioned LNG tanker picked up a cargo at a Russian export terminal, which was also subject to Western restrictions. The transfer appears to be the very first STS of Russian LNG sanctioned by the West, despite…

Sources: Sellers cancel Yulong oil refinery deals after UK sanctions

Posted to Maritime Reporter on October 23, 2025

Multiple sources said that several suppliers had cancelled sales to Yulong Petrochemical of Middle Eastern oil and Canadian crude after the UK imposed its sanctions. This is likely to force the refiner to purchase more Russian crude. The refiner is China's latest with a daily capacity of 400…

EU lists two Chinese oil refineries and one trader as part of new Russia sanctions

Posted to Maritime Reporter on October 22, 2025

According to EU diplomatic sources, the 19th package against Russia of sanctions will include four companies that are involved in China's petroleum industry and circumvent Western restrictions. The package, they said, lists two independent Chinese…

China's crude storage flow slumped in September: Russell

Posted to Maritime Reporter on October 20, 2025

China's crude stockpile flow dropped dramatically in September, as lower imports combined with increased refinery processing reduced the excess that was available to store. China's crude oil surplus was 570,000 barrels a day (bpd), down from 1,01 million bpd, in September.

State Dept. says that Chinese sanctions against Hanwha US shipbuilding units are meant to 'coerce South Korea'.

Posted to Maritime Reporter on October 16, 2025

The Chinese sanctions on U.S. Hanwha Ocean affiliates this week are intended to undermine South Korea's cooperation with the United States and "to force" Washington's Asian allies, according to a spokesperson for the U.S. State Department on Friday.

What is AUKUS, the submarine partnership between Australia and Britain?

Posted to Maritime Reporter on October 20, 2025

Australia, Britain and the United States announced that they would transfer nuclear-powered submarines to Australia in 2021. Two years later, an ambitious plan was detailed to support the U.S. effort to counter China’s naval ambitions throughout the Indo-Pacific. The U.S.

China's crude storage flow slumped in September: Russell

Posted to Maritime Reporter on October 20, 2025

China's crude stockpile fell sharply in September, as a result of lower imports and increased refinery processing. According to calculations based upon official data, China's crude surplus in September was 570,000 barrels a day (bpd), down from 1,01 million bpd during August.

South Korea's minister of defense says that North Korea received likely help from Russia in the form of submarines.

Posted to Maritime Reporter on October 12, 2025

South Korean defense minister Ahn Gyu back told the parliament on Monday that North Korea likely received technical assistance from Russia in its submarine development. North Korea has pledged to develop submarines capable of launching ballistic missiles.

US container imports fall in September as Trump tariffs disrupt international trade

Posted to Maritime Reporter on October 9, 2025

Data released on Thursday revealed that U.S. containerized imports in September were down 8.4% compared to the same period last year, with a drop of 22.9% in goods imported from China. This was due to ongoing trade tensions caused by President Donald Trump's policies. U.S.

Pentagon nominee: review of AUKUS sub project continues

Posted to Maritime Reporter on October 7, 2025

The Pentagon's nominee for senior Indo-Pacific official said that the U.S. Defense Department is continuing its review of the AUKUS program to provide Australia with a nuclear-powered sub. John Noh has been appointed assistant secretary. He…

This is hysteria and could lead to energy shortages.

Posted to Maritime Reporter on October 2, 2025

The Kremlin stated on Thursday that France’s boarding of an oil tanker suspected to be part of the shadow fleet that is involved in Russian oil trading was "hysteria", which could cause problems for the global energy transport routes. Dmitry Peskov…

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on October 2, 2025

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The France-based firm reported a Q3 rental revenue of 52.9 million Euros. The shareholders of the Belgian energy company asked for a vote to be taken on a dividend intermediary.

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