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At the Ukraine-Turkey meeting in Paris, Turkey will stress the'strategic importance' of Black Sea Security

Posted to Maritime Reporter on January 5, 2026

A Turkish Foreign Ministry source said on Monday that the Turkish Foreign Minister will emphasize the "strategic importance" of maintaining the security in the Black Sea during a summit in Paris on Ukraine this week. Emmanuel Macron, the French president…

UN chief on Venezuela action by US sets a 'dangerous precedence'

Posted to Maritime Reporter on January 3, 2026

His spokesperson stated on Saturday that Secretary-General Antonio Guterres was deeply concerned by the U.S. military actions in Venezuela, which "sets a dangerous precedent." This is ahead of an expected?U.N. Security Council meeting. Diplomats…

The differentials remain the same

Posted to Maritime Reporter on January 2, 2026

The differentials between Caspian and Urals crude oil remained unchanged on Friday, in a'mild' market. Russia -and a few of its neighbouring countries - were off for the New Year holiday. There were no bids or offers reported to Platts on Friday for Urals, Azeri BTC - and CPC Blend.

Police in Finland say that Finland has made progress with its investigation of cable breaches

Posted to Maritime Reporter on January 2, 2026

The Finnish police said on Friday that they had made progress in the criminal investigation of the damage to an underwater telecommunications cables owned by Elisa. The cargo vessel "Fitburg", which was en route to Israel from Russia, was suspected…

NY Times: Russia requests that US stop pursuing a fleeing oil tanker

Posted to Maritime Reporter on January 1, 2026

The?U.S. has been asked by Russia to stop its pursuit of a?oil tanker 'that was destined for Venezuela and is now fleeing the U.S. Coast Guard in the Atlantic Ocean, according to a report from Thursday’s New York Times. The New York Times reported on Thursday that the U.S.

Kyiv claims that Russia has attacked Ukrainian Black Sea ports, civilian ships and naval vessels.

Posted to Maritime Reporter on December 30, 2025

Ukraine's navy and government officials said that Russia launched waves of?"drones" to attack port infrastructure in the Odesa region on Tuesday. The Ukrainian navy reported that two civilian ships, Emmakris III & Captain Karam, flying the flag…

Three migrants missing and one dead after boat sinks near Greek island Samos

Posted to Maritime Reporter on December 29, 2025

The coast guard reported that a woman was discovered dead and three others are still missing after a migrant boat capsized off the Greek island Samos on Monday morning. The 'boat' sank early in the morning after 26 migrants had landed on the island of Samos,?in Petalides.

Valencia coach Fernando Martin dies in Indonesia boat accident

Posted to Maritime Reporter on December 28, 2025

'Spanish football clubs' reported that Fernando Martin, a Valencia CF coach, died along with?three of his family members after their boat capsized off the coast of Indonesia. Valencia expressed their "deep sadness" at the death of Fernando Martin…

Russia compares US blockade Venezuela to piratery

Posted to Maritime Reporter on December 25, 2025

The Russian Foreign Ministry said that the United States is reviving piratery and banditry by blocking Venezuela. It hoped President Donald Trump’s pragmatic approach would prevent a catastrophe. Maria Zakharova, spokeswoman for the Foreign Ministry…

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

Posted to Maritime Reporter on December 25, 2025

Alex 'Wong, 'global chief strategist at Hanwha Group said that the?Philly Shipyard of Hanwha has the ability to build a nuclear-powered submarine? for the U.S. Navy. Wong stated during Hanwha's Hanwha media day in Philadelphia on Monday that "the U.S.

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…

EU wheat is at a two-week high due to Black Sea risks

Posted to Maritime Reporter on December 24, 2025

Dealers said that European wheat prices rose in a thin trade before Christmas due to concerns about the escalation of war in the Black Sea export zone. Euronext will be closed on Christmas Day, Thursday and Friday. The most active contract, March wheat on the Paris-based Euronext exchange…

EU Wheat Stable as Black Sea Risks Support

Posted to Maritime Reporter on December 24, 2025

Dealers said that the price of European wheat increased on Wednesday, as concerns about the war in the Black Sea export zone and the cold weather in Russia pushed prices up in thin trading before Christmas. The most active contract, March?wheat on Paris' Euronext exchange…

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.

EU wheat remains firm as Black Sea concerns linger

Posted to Maritime Reporter on December 23, 2025

Analysts said that prices for Euronext wheat rose on Tuesday, as Russian attacks against Ukrainian?ports boosted the market. Forecasts of extreme cold in 'Russia also pushed up prices. Traders repositioned their positions before Christmas. The most active contract…

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.

Ainslie signs Oakley Capital agreement to fund British America’s Cup bid

Posted to Maritime Reporter on December 23, 2025

British sailor, Ben 'Ainslie, has secured the funding he needs to run his America's Cup 2027 campaign. He announced a deal with Oakley Capital Tuesday following a stressful phase?in a mission to?bring the Cup back home. Ainslie’s Athena Racing…

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…

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