Posted to Maritime Reporter
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April 11, 2025
Port of Los Angeles Executive Director Gene Seroka stated on Friday that imports to the country's busiest seaport may drop as early as May as companies stop orders as a result of President Donald Trump's increasing tariffs against China and other trading partners.
Posted to Maritime Reporter
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April 11, 2025
Two sources familiar with the situation said that at least two vessels chartered by Chevron to transport Venezuelan crude are stranded in Venezuelan waters because the state oil company PDVSA canceled their export authorizations following the U.S.
Posted to Maritime Reporter
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April 10, 2025
Three sources familiar with the decision confirmed on Thursday that Venezuela's PDVSA, Venezuela's national oil company, has cancelled several authorizations granted to Chevron by PDVSA to load and export Venezuelan crude oil in this month.
Posted to Maritime Reporter
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April 10, 2025
Five sources with knowledge of the situation claim that the National Oceanic and Atmospheric Administration fired probationary employees who had been reinstated after a court ruling on April 9, cleared the way for Trump's administration to dismiss thousands of workers.
Posted to Maritime Reporter
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April 10, 2025
The racing circuit announced on Thursday that SailGP had cancelled the event in Rio next month after discovering a defect with select wingsails of the F50 fleet. This will allow time for repairs before the event in New York in June. Testing…
Posted to Maritime Reporter
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April 10, 2025
As U.S. President Donald Trump’s tariffs begin to take effect, there are new questions about the sale of nuclear submarines to Australia as part of the AUKUS Treaty. Washington is also concerned that the sale to Canberra could reduce the deterrence against China.
Posted to Maritime Reporter
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April 9, 2025
Cheong In Kyo, South Korea's top Trade Envoy, said that President Donald Trump's tariff reprieve has provided room for negotiation as the country tries to reduce tariffs by talks. The trade ministry reported that Cheong had met with U.S. Trade…
Posted to Maritime Reporter
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April 9, 2025
Volkswagen has said that uncertainty over tariffs imposed by President Donald Trump in the United States was one of the reasons for its operating results falling to 2.8 billion euro ($3.07 billion), from 4.6 billion dollars, last year. The results…
Posted to Maritime Reporter
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April 9, 2025
Panama announced on Wednesday that the United States recognizes its sovereignty over the Panama Canal despite the harsh rhetoric of Washington. The two nations also announced an agreement to intensify U.S. Military Training in Central America. In the first Pentagon visit to Panama for decades, U.S.
Posted to Maritime Reporter
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April 9, 2025
The Energy Information Administration reported on Wednesday that U.S. crude stockpiles increased last week, as imports rose and exports dropped to their lowest level since January. Meanwhile, gasoline and distillate stocks decreased. The EIA…
Posted to Maritime Reporter
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April 9, 2025
The European Union's counter-tariffs against U.S. products, which will be implemented next week, are expected to stop a large amount of U.S. grain from reaching Europe and increase costs for buyers who want to find alternative sources of feed grain.
Posted to Maritime Reporter
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April 9, 2025
Two U.S. Senators, both from the Democratic and Republican parties, introduced legislation on Wednesday that establishes a Fund to enforce sanctions against Russia's so-called "ghost fleet" of oil tankers it relies on in order to avoid Western sanctions due to its war with Ukraine.
Posted to Maritime Reporter
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April 9, 2025
Sources and shipping data indicate that China will receive approximately 3 million metric tonnes of U.S. soya beans in April-May. This is despite the new tariffs on American goods, which are set to choke off China's biggest U.S. import. Four…
Posted to Maritime Reporter
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April 9, 2025
Ahn Duk Geun, South Korea's minister of trade and industry, said that the potential for cooperation with Washington on the shipbuilding front is "a very important card" when negotiating with the U.S. about its tariffs. U.S. president Donald…
Posted to Maritime Reporter
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April 8, 2025
U.S. Secretary of Defense Pete Hegseth told reporters in Panama on Tuesday that the United States would retake the Panama Canal back from Chinese influence. Hegseth promised to intensify security cooperation with Panamanian forces after talks with the government of Panama.
Posted to Maritime Reporter
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April 8, 2025
U.S. trade representative Jamieson Greer informed lawmakers on Tuesday that the proposed multimillion dollar fees for Chinese-built vessels docking at U.S. port may not be implemented in full and they might not be cumulative. Greer said at a…
Posted to Maritime Reporter
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April 8, 2025
U.S. Secretary of Defense Pete Hegseth will get a closer look at the Panama Canal as he begins a rare trip to Central America, a nation that is still uneasy about President Donald Trump’s threats to take the canal back. Hegseth is the first U.S. Defense Secretary to visit Panama in decades.
Posted to Maritime Reporter
on
April 7, 2025
Two sources reported on Monday that the Black Sea CPC blend oil exports were reduced to 1.6 millions barrels per day (or 6.2 million tons) from 1.7million bpd as outlined in the preliminary plan. Caspian Pipeline Consortium exports Kazakhstan's and Russia's crude oil via the Black Sea.
Posted to Maritime Reporter
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April 7, 2025
The companies announced on Monday that Huntington Ingalls, a U.S. military shipbuilder, and HD Hyundai Heavy Industries of South Korea have signed an agreement exploring opportunities to increase production for commercial and defense projects.
Posted to Maritime Reporter
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April 6, 2025
Ukraine's officials reported that three women were injured, and several fires started in the aftermath of a Russian air strike on Mykolaiv, a region located in southern Ukraine. Vitaly Kim, the governor of Mykolaiv, posted on Telegram that the attack…
