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July 1, 2025
Four traders reported on Tuesday that the premiums for ESPO blend crude oil shipping from Russia's Kozmino Port late in July or early August to China are unchanged compared with those for earlier in the month. The Chinese said that the premium over ICE Brent was greater than $2 per barrel…
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June 23, 2025
Data provided by Italian authorities shows that Italy has frozen Russian assets worth around 2.3 billion euro ($2.64 billion), with the latest seizures taking place at the beginning this month. Italy has seized bank accounts, yachts, luxury…
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June 21, 2025
The Russian Embassy in Mexico announced on Saturday that it was ready to share its energy technologies and supply Mexico with liquefied gas. "We already work with Mexico." "We have excellent LNG technology, and we're ready to share this technology and supply LNG too…
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June 20, 2025
Trade and shipping data revealed that Russia increased its seaborne fuel oil exports and vacuum gasoil to India and Turkey during May, as the falling oil prices attracted buyers and the hot summer season demanded more fuel. The oil price fell…
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June 19, 2025
The company announced on Thursday that the Dubai-based oil trading firm 2Rivers (formerly Coral Energy) has stopped its trading activities due to UK sanctions. Western powers have imposed sanction on Russia's traders and fleet, accusing them…
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June 17, 2025
Taiwan signed a partnership agreement on Tuesday with U.S.-based Auterion and German-based Auterion to provide drone software that has been tested in Ukraine. The deal will help Taiwan strengthen its defences against the growing military threat from China, which is a giant neighbor.
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June 12, 2025
Four sources with knowledge of the situation said that most countries in the Group of Seven are willing to lower the G7 cap on Russian oil if the U.S. president Donald Trump opts out. The G7 leaders will meet in Canada on June 15-17 to discuss the price caps first agreed upon in late 2022.
Posted to Maritime Reporter
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June 12, 2025
Four sources with knowledge of the situation said that most countries in the Group of Seven are willing to lower the G7 cap on Russian oil if the U.S. president Donald Trump opts out. The G7 leaders will meet in Canada on June 15-17 to discuss the price caps first agreed upon in late 2022.
Posted to Maritime Reporter
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June 6, 2025
A local official announced on Friday that the harvesting campaign had begun in Crimea earlier than expected. The goal is to collect 1,1 million metric tons, including 900,000.00 tons of wheat. The latest crop forecast for Crimea is lower than last year's 1.5 million ton harvest.
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May 30, 2025
The captain of the container ship which collided with a U.S. oil tanker near Britain's East Coast pleaded guilty to manslaughter through gross negligence in London on Friday. Vladimir Motin was a Russian citizen, aged 59. He was the captain…
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May 28, 2025
The European Union proposed Wednesday creating a center to enhance security in the Black Sea, by collecting information from different countries and monitoring the region more closely. This move comes at a time when European officials are warning about the continued threat of Russia…
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May 26, 2025
Maxim Reshetnikov, the Russian Economy Minister, urged on Monday that central banks take into consideration slowing inflation when they meet next week to set interest rate. He warned that Russia's cooling economic is showing signs "hypothermia".
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May 23, 2025
Sovcomflot, Russia's largest tanker company, suffered a $393 million net loss in the first three months of the year. The group blamed the decline on the new Western sanctions, which have caused operational issues, reduced revenues, and the idleness of some sanctioned ships.
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May 22, 2025
Francois-Philippe champagne, Canada's finance minister, said that discussions about tariffs were held during the G7 meeting of financial leaders. This was despite the fact that they had been mentioned in the final communiqué. At the conclusion of the meeting…
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May 22, 2025
An official from Europe said that on Thursday, the United States was "not convinced" by the idea of lowering the price cap for Russian crude oil set by the Group of Seven Nations (G7). The European Union proposed lowering the cap to a level indicative of $50 per barrel.
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May 22, 2025
Four market sources have confirmed that Russia, the largest wheat exporter in the world, has removed the minimum price recommendation for grain exporters until the end the export season, which is July 1. Sources said that the initial minimum price for May and Juni was $250 per metric ton.
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May 22, 2025
Poland is investigating whether explosive devices have been planted after a Russian "shadow fleet's" ship was seen suspiciously moving near a cable connecting Poland and Sweden on Wednesday. According to Polish Prime Minister Donald Tusk, Poland will be looking into the matter.
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May 21, 2025
The Kremlin announced on Wednesday that Russia will defend its ships in the Baltic Sea using all available means. A recent failed Estonian attempt at seizing a tanker showed that Moscow can respond with harsh action if necessary. It was reported…
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May 20, 2025
The European Commission announced on Tuesday that the EU had adopted four sets sanctions against Russia for the war in Ukraine, including a 17th set of measures targeting Moscow's Shadow Fleet, as well as measures relating to chemical weapons and human rights, and hybrid threats.
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May 20, 2025
Russia accused NATO on Tuesday of committing what it described as aggressive actions in Baltic Sea, which impeded freedom of shipping. This came after Estonia attempted to seize and failed to do so a tanker. Estonia reported on Thursday, last week…
