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Data shows that Russia's idle refining capacity was 82% higher in February.

Posted to Maritime Reporter on February 20, 2025

According to calculations based upon data from industry sources, the offline primary oil refinery capacity of Russia in February has been revised up by 82% compared to what was originally planned for this month. In February, idle primary oil…

After the storm, oil loadings have resumed from Russia's Black Sea Port of Novorossiisk.

Posted to Maritime Reporter on February 20, 2025

Two sources with knowledge of the situation said on Thursday that oil loadings at Russia's Black Sea Port of Novorossiisk resumed on Tuesday night, after being idle for two consecutive days due to storms. The storm caused the suspension of oil loadings at the Russian Black Sea port Novorossiisk…

Rubio to Panama: China is threatening canal and changes are needed.

Posted to Maritime Reporter on February 2, 2025

A spokesperson for the State Department said that U.S. Secretary Marco Rubio informed Panamanian President Jose Raul Mulino during talks on Sunday that Donald Trump had determined that China's influence threatened the Panama Canal, and that urgent changes were required or the U.S. might act.

Rumo, a Brazilian company, says that a conveyor belt at a grain transshipment facility caught fire

Posted to Maritime Reporter on January 30, 2025

Rumo, a Brazilian logistics company, said that a conveyor belt in a major grain transshipment facility in Mato Grosso caught fire at the early hours of Thursday morning. The fire happened at a busy season when Brazil harvests a large soybean crop and starts shipping it to China.

In Libya, protesters disrupt oil loading at Ras Lanuf and Es Sidra ports

Posted to Maritime Reporter on January 28, 2025

Five engineers at the facility said that local protesters stopped the loading of crude oil onto tankers in the ports of Es Sidra and Ras Lanuf, Libya, on Tuesday. In a letter addressed to the state-run National Oil Corporation of the country last week…

Tanger Med port in Morocco will handle 10.24 million containers by 2024

Posted to Maritime Reporter on January 22, 2025

Tanger Med Port in Morocco said Wednesday that it retained its position as the Mediterranean’s leading port, handling 10,24 million containers. This is an increase of 18.8% compared to a year ago. In June, the port reported that it expected…

Texas ports start resuming operations after winter storm

Posted to Maritime Reporter on January 22, 2025

in the day, according to a shipping notice seen . up until now caused small interruptions to energy operations. Tuesday amid low temperatures and snow in Texas. according to the advisories. on Tuesday, the port stated. their service remained suspended. remark.

Texas Pilots suspend some operations in and around ports due to winter storm

Posted to Maritime Reporter on January 21, 2025

Texas pilots who help move vessels around ports suspended some operations Monday due to the frigid temperatures that hit the state. According to an agent, the Brazos Santiago Pilots had been scheduled to stop ship movements on Monday just before midnight as conditions offshore worsened.

Germany secures oil-tanker that was adrift in the Baltic Sea

Posted to Maritime Reporter on January 10, 2025

Emergency services reported on Friday that a tugboat had stopped a Panama flagged tanker, carrying 99,000 metric tonnes of oil, from drifting uncontrollably off the coast of Germany's Baltic Sea near Ruegen. It said that the 274-metre tanker…

Sisi estimates that regional challenges will cost Egypt $7 billion in Suez Canal revenue by 2024.

Posted to Maritime Reporter on December 26, 2024

Abdel Fattah al-Sisi, Egyptian president, said that the Red Sea events and regional challenges will cost Egypt $7 billion in revenue from the Suez Canal by 2024. Sisi, in a statement without giving any details, said that Egypt lost 60% of its canal revenues between 2024 and 2023.

Black Sea CPC blend oil exports unchanged compared to December plan, sources say

Posted to Maritime Reporter on December 19, 2024

Two sources familiar with this matter said that the Black Sea CPC blend oil exports via Caspian Pipeline Consortium's (CPC) pipeline will remain at 1,43 million barrels per days (bpd) for January, the same as the plan from December. Sources…

Sources say that India banks are examining Adani Group exposure following US charges

Posted to Maritime Reporter on November 28, 2024

Eight bankers claim that Indian lenders including State Bank of India are reviewing their exposure with Adani Group, and whether they should tighten up their due diligence before offering new loans, following the U.S. accusation of Gautam Adani, chairman of Adani Group.

DFDS has agreed to purchase transport network from Turkey’s Ekol

Posted to Maritime Reporter on November 15, 2024

Danish logistics and shipping firm DFDS announced on Friday that it has agreed to purchase the international transport network of Turkey's Ekol Logistics, overturning a two-week-old decision to cancel the deal. DFDS stated that the acquisition was finalized after renegotiating some terms.

Canada - Nov 15

Posted to Maritime Reporter on November 15, 2024

These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. After the Canadian Union of Postal Workers and Canada Post failed to agree on a new collective contract…

US East Coast and Gulf Coast ports employer: No significant progress made on contract issue

Posted to Maritime Reporter on November 13, 2024

This week, the union representing dockworkers on the East Coast and Gulf Coast and a group of employers conducted a second round of contract negotiations. However, they failed to make any significant progress in some key areas. The International…

Novorossiisk oil loadings fell by 19% in Nov.

Posted to Maritime Reporter on November 12, 2024

Two people familiar with the plan on Tuesday said that oil exports from Russia’s Black Sea Port of Novorossiisk will decline from 2.42 millions metric tons to 1,89 million metric tonnes, or about 460,000 barrels per daily, in November, from 2,42 million tons in Oct.

Brazil coffee exports reach record levels in October

Posted to Maritime Reporter on November 11, 2024

Cecafe, a group representing the industry, said that Brazil exported 4,57 million 60 kg bags of green beans in October. This was the highest monthly export for Brazil. According to Cecafe, the shipments of Brazil, which is the largest producer and exporter of coffee in the world…

Deutsche Bank reduces its ECB terminal rates forecast by 1.5% due to tariff threats

Posted to Maritime Reporter on November 7, 2024

Deutsche Bank has lowered their forecast for the ECB terminal rate from 2.25% to 1.5%, due to the prospect that U.S. Tariffs will be implemented under a Donald Trump Administration, weaker macroeconomic performance and the risk of inflation below target.

Canada - Nov 5

Posted to Maritime Reporter on November 5, 2024

These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. The BC Maritime Employers Association has locked out all unionized supervisors in British Columbia ports.

Adani Ports India maintains core profit forecast for FY25 after Q2 loss

Posted to Maritime Reporter on October 29, 2024

Adani Ports and Special Economic Zone in India said that it was "well-positioned" to reach the upper end its core profit forecasts for fiscal year 2025 after missing Tuesday's profit estimates. After a 10% increase in cargo volumes in the third quarter of fiscal year 2025…