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As ships reroute to the Cape, African bunkering hubs benefit

Posted to Maritime Reporter on March 23, 2026

The number of ships diverting around the Cape of Good Hope is increasing, as the Middle East war has reshaped global shipping routes. This boosts the role of Africa as a hub for bunkering. Since late 2023 when Houthi attacks against Red?Sea?shipping?began…

EIA: Brent oil prices will remain above $95/bbl for the next two months due to conflict in the Middle East

Posted to Maritime Reporter on March 10, 2026

Brent 'oil prices will remain above $95 per barrel for the next two months, according to the Energy Information Administration in its short-term energy outlook report. Brent crude futures will then drop below $80 per barrel in the third quarter…

Venezuela prepares larger oil cargoes to export and targets India

Posted to Maritime Reporter on February 24, 2026

Four sources and shipping data indicate that buyers and trading houses of Venezuelan oil chartered the very large crude carriers to export the South American nation?since the Caracas-Washington deal was signed. This move will boost deliveries to India.

Venezuela prepares larger oil cargoes to export, targets India

Posted to Maritime Reporter on February 24, 2026

Sources and data indicate that trading houses and buyers of Venezuelan oil chartered the very large crude carriers to export from the South American nation since the Caracas-Washington deal was signed. This is expected to increase shipments to India and speed up the process starting in March.

Trucks form 28-km line to deliver soybeans to Brazil's Miritituba river terminals

Posted to Maritime Reporter on February 20, 2026

According to data provided by the oilseed lobby Abiove, trucks loaded with soybeans had to wait in a 28-kilometer-long line to deliver their product to terminals at Miritituba port on the Amazonian coast of Para state. Terminals are operated by Cargill…

The danger of ships and nets during the whale migration season in Chile

Posted to Maritime Reporter on February 20, 2026

The increased activity of the 'fin whale', the'second largest whale in existence' along Chile's north coast during feeding season is highlighting an 'emerging threat' from collisions with vessels and fishing net entanglements. This warning was made by marine experts and conservationists this week.

Argentine labor reform is up for a key vote in the lower house as unions strike nationwide

Posted to Maritime Reporter on February 20, 2026

The lower house of Argentina's Congress was set to vote Thursday on a controversial labor reform supported by libertarian president Javier Milei. Unions were staging a nationwide walkout that brought parts of Argentina to a standstill. The largest umbrella union in Argentina…

Primorsk's diesel exports may drop by 17% this February.

Posted to Maritime Reporter on February 11, 2026

Data from traders, LSEG, and calculations on Wednesday showed that ultra-low-sulphur fuel loadings at the 'Russian port Primorsk' may fall by 17% in February compared to last month, due to a 'lower fuel production and harsh Baltic weather, which disrupts supplies.

Officials say that the US has handed over a seized tanker vessel to Venezuela

Posted to Maritime Reporter on January 29, 2026

Two U.S. officials said on Wednesday that the United States will hand over to Venezuela a fuel tanker it had seized earlier this month. Since late last year, the United States has been attempting to seize oil tanks 'linked' to Venezuela. Seven arrests have taken place.

Stonepeak and CMA CGM form joint port venture

Posted to Maritime Reporter on January 29, 2026

The French shipping company CMA CGM has partnered with U.S. investment group Stonepeak to form a joint-venture valued at almost $10 billion. This venture will 'operate and develop port terminals in the United States, among others,' the companies announced on Wednesday.

In January, diesel exports to Russia from Primorsk could reach a record high.

Posted to Maritime Reporter on January 20, 2026

Data from traders LSEG, and calculations revealed a Tuesday that ultra-low-sulphur-diesel loadings in the Russian 'port of Primorsk could rise by 'about one-third - from December to January and may exceed 2.2 million metric tonnes, due to higher fuel production and a seasonally -weaker demand.

Brazil sets the starting bid at $93 Million for Santos Port Terminal Auction

Posted to Maritime Reporter on January 12, 2026

The 'Ports and Airports Ministry' announced on Monday that Brazil has set a'minimum concession fee' of '500 million reais (92.96 million dollars) for the massive Tecon 10-container terminal auction at the port of 'Santos', which is expected to happen in the second half of March.

Two dead after Peru Navy vessel strikes Perenco oil platforms in Amazon

Posted to Maritime Reporter on May 2, 2025

The Peruvian Defense Ministry announced on Friday that two people were killed and another was missing after a Peruvian Navy vessel collided on the Amazon River with a Perenco oil platform. The B.A.P. was navigating the area during a transit operation.

Petrobras' Logistics unit reports 74% increase in net profit

Posted to Maritime Reporter on February 26, 2025

Transpetro is the logistics division of Brazil's Petrobras. It reported on Wednesday a 74% rise in its net profit in 2024. This was despite the fact that the parent company's profit dropped due to non-recurring incidents in the period. Transpetro…

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