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Sources say that Chevron has been granted a restricted US license for operations in Venezuela

Posted to Maritime Reporter on July 30, 2025

Three sources familiar with the decision announced on Wednesday that Chevron had been granted a limited U.S. operating license in Venezuela sanctioned by the United States. They added that money from oil revenues could not be transferred to the Venezuelan government of President Nicolas Maduro.

NOFI South Korea to purchase up to 207,000 t corn

Posted to Maritime Reporter on July 30, 2025

European traders reported on Wednesday that the leading South Korean feedmaker Nonghyup Feed Inc. has announced an international tender for up to 207,500 metric tons animal feed corn. The deadline to submit price offers for the tender is Wednesday, 30 July.

Algeria purchases about 1 million T of wheat at tender, traders claim

Posted to Maritime Reporter on July 15, 2025

European traders reported that Algeria's state grain agency OAIC bought around 1 million metric tonnes of milling wheat at an international auction which ended on Tuesday. Initial reports indicated that purchases were made in a wide range of prices…

Venezuelan PDVSA's oil exports to other countries will reach $17.5 billion by 2024, as sales soar

Posted to Maritime Reporter on July 11, 2025

According to a document on results seen by Friday, the Venezuelan state-run PDVSA sold oil abroad for $17.52 billion in 2024. Exports jumped because U.S. licensing allowed foreign partners to work in the sanctioned OPEC country. PDVSA did not…

Brazilian oil may find new markets in the face Trump's tariffs

Posted to Maritime Reporter on July 10, 2025

Experts say that Brazil's oil will remain competitive on the international market even if President Donald Trump's 50% tariff is implemented on August 1. The main Brazilian export to the U.S. is oil. This product was previously exempted from…

The FLC of South Korea has won a tender to purchase up to 69,000 T of corn

Posted to Maritime Reporter on July 9, 2025

European traders reported on Wednesday that the Feed Leaders Committee of South Korea (FLC) had issued an international tender for purchase between 52,000 to 69,000 metric tonnes of animal feed corn. The deadline to submit price offers for the tender is Wednesday, July 9.

Russell: Iron ore remains calm amid China uncertainties and US tariff turmoil

Posted to Maritime Reporter on July 8, 2025

In recent months, iron ore prices have remained stable despite increasing uncertainty about the future of the steel raw material. The benchmark Singapore Exchange contract closed at $95.25 per metric ton Monday. This is down from $95.89 the previous day…

Russell: Iron ore remains calm despite China's uncertainty and US tariff turmoil

Posted to Maritime Reporter on July 8, 2025

In recent months, iron ore prices have remained stable despite increasing uncertainty about the future of the steel raw material. The benchmark Singapore Exchange contract closed at $95.25 per metric ton Monday. This is down from $95.89 the previous day…

Treasury: US to reduce exports of LPG from Venezuela

Posted to Maritime Reporter on July 7, 2025

The U.S. Treasury Department announced on Monday that the Trump administration had revoked a license that allowed shipments of LPG to Venezuelan state energy company Petroleos de Venezuela SA. The gas can be discharged until September 5 if it was loaded onto a vessel before or on July 7.

Irish sisters rewrite playbook for elite youth worlds

Posted to Maritime Reporter on June 27, 2025

Three Irish sisters are rewriting history at the Optimist World Championship, a regatta that is forming the future of sailing. Maeve Donagh, Emily Donagh and Lily Donagh will represent Ireland in the 2025 edition at Portoroz. Together with teammates Charlotte Crosbie…

Ocean Race anchors at Itajai with two stopsovers again

Posted to Maritime Reporter on June 16, 2025

Ocean racing fans will be happy to hear that Itajai, Brazil's port for the Southern Ocean Leg finish in 2027 and 2030 has been confirmed by The Ocean Race. Santa Catarina's coastal hotspot has become a favourite stopover on the route around the world…

SailGP roars back into action in New York after Rio cancellation

Posted to Maritime Reporter on June 6, 2025

SailGP teams are ready to shake off rust this weekend in New York, as the global championship returns to action following a short hiatus caused by a defect with the wingsail that forced the cancellation of the Rio event. The defect was identified…

Google and Chile Sign Agreement to Deploy Trans-Pacific Submarine Cable

Posted to Maritime Reporter on June 4, 2025

Alphabet's Google and the Chilean Government signed an agreement during a Wednesday meeting to deploy a 14,800 kilometer (9,196 mile) submarine data cable to connect Australia and Asia. The cable is expected to be operational in 2027. The first pact of its kind…

Egypt's State Grain Buyer Diversifies Wheat Sources amid Geopolitical Risk

Posted to Maritime Reporter on June 4, 2025

Mostakbal Misr (the state grain purchasing agency in Egypt) has signed major wheat contracts with strategic French and Romanian partners as part of an overall push to diversify the supply and stabilize imports amid global uncertainties, it announced on Wednesday.

Guyana legislators pass a bill that makes companies responsible for oil spill damages

Posted to Maritime Reporter on May 17, 2025

Guyana's Parliament passed a bill on oil pollution late Friday night that makes parties responsible for damage caused by oil spills from vessels, as well as other sources. President Irfaan Ali is expected to sign the bill into law soon. The…

Petrobras is looking for foreign companies to partner with Brazilian shipyards

Posted to Maritime Reporter on May 6, 2025

Magda Chambriard, CEO of Brazil's state-run oil company Petrobras, stated on Tuesday that the firm is seeking foreign investment to boost its local shipyards. Chambriard, a recent visit to China, has said that Petrobras wants to work with strong shipyards in order to build more ships in China.

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.

Team racing is back with bold new format and new boats

Posted to Maritime Reporter on May 2, 2025

Next month, after a decade of sporting inactivity, the team racing world championship will roar to life when 12 crews are determined to rewrite sport's hierarchy. Organisers announced on Friday that the 2025 Team Racing World Championship, which…

What are the differences between India and Pakistan militaries as tensions increase after the attack in Kashmir?

Posted to Maritime Reporter on April 30, 2025

A 26-man attack on Hindu tourists in Indian Kashmir has caused tensions between India, Pakistan, and fears of conflict. Pakistan has said it has intelligence that India plans to launch military action. According to the International Institute for Strategic Studies in London…

Guyana's proposed oil spill bill would hold companies responsible for damages caused by oil spills.

Posted to Maritime Reporter on April 29, 2025

According to an excerpt of the bill published in the Official Gazette, the Guyana government submitted a proposed oil pollution law to Parliament. The act proposes that responsible parties be held liable for damage caused by oil spills from vessels.

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