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European refiners make near-record profits from gasoline

Posted to Maritime Reporter on September 2, 2026

According to trade data reviewed by, European gasoline refinery profits surpassed $62 per barrel on Wednesday. Fuel supplies are being squeezed due to conflicts in the Middle East, Ukraine and elsewhere. Eurobob E5 barges of physical gasoline were trading at a price premium of approximately $62…

Iran's website shows that more ships are blacklisted for trying to pass through the Hormuz Strait.

Posted to Maritime Reporter on September 2, 2026

According to a government website, Iran has added new ships that it considers non-compliant and subject to fines or confiscation if they try to sail through Strait of Hormuz. Tehran announced on August 24 that it had blacklisted 45 tankers for…

Low oil prices attract buyers to Iraq, which boosts exports of crude oil in August

Posted to Maritime Reporter on September 2, 2026

According to industry sources and shipping data, Iraq's oil exports increased in August. September shipments are also expected to increase, due to the large profits, and Iranian approval of its tankers passing through?the Strait of Hormuz. The improvement in the supply of heavy…

Industry groups claim that dry weather in Kalimantan disrupts the transport of coal and palm oil.

Posted to Maritime Reporter on September 2, 2026

Industry groups reported on Wednesday that the extreme dry weather in Indonesia's Kalimantan is causing a disruption to?coal, palm oil and shipments as water levels at key rivers have receded. Indonesia, which is the world's biggest thermal?coal exporter and palm oil producer…

Sources: Kirishi oil refinery in Russia halts production after drone attack

Posted to Maritime Reporter on September 2, 2026

One of Russia's largest oil refineries, Surgutneftegaz's Kirishinefteorgsintez, or KINEF, has halted ?crude processing after a drone attack ?on August 30 damaged processing units, two industry sources told ?. Alexander Drozdenko said that a…

Industry group claims that dry weather in East Kalimantan of Indonesia disrupts coal transportation

Posted to Maritime Reporter on September 2, 2026

An industry group reported on Wednesday that the lowering of river water levels in Indonesia's Kalimantan is causing extreme dry weather, which has caused coal shipments to be disrupted. Indonesia, which is the largest thermal coal exporter in the world…

Low oil prices attract buyers to Iraq, which boosts exports of crude oil in August

Posted to Maritime Reporter on September 2, 2026

According to industry sources, and shipping data, Iraq's?oil exports grew in August. September shipments are also expected to increase, due to the large profits and Iranian approval of its tankers passing through?the Strait of Hormuz. The improvement in the supply of heavy…

Data shows that shipping traffic through the Strait of Hormuz is below the 10-day average

Posted to Maritime Reporter on September 2, 2026

Preliminary shipping data on Wednesday showed that four commodity vessels passed through the Strait of Hormuz - down from ten a day before - and below the 10-day average of around '13. Initial data from shiptracker Kpler at 0200 GMT showed that four vessels transited: one very large crude tanker…

ROI-Efficiency, or resilience? Joachim Klement: Democracies must choose one.

Posted to Maritime Reporter on September 1, 2026

Business and government have long sought to maximize efficiency. The pandemic, the trade wars, and the armed conflict have called this into question. They've also highlighted the importance of resilience. But this comes at a price, one that many elected officials are not willing to pay.

Two tankers transporting Saudi oil are attacked in the Strait of Hormuz

Posted to Maritime Reporter on September 1, 2026

According to Marisks and Kpler, two supertankers carrying Saudi crude oil were hit by unknown projectiles minutes apart while they were transiting through the Strait of Hormuz on their way outbound late Monday. Marisks stated that "the near…

Iran's President says Tehran will reciprocate, if the US honours its commitments under the interim deal

Posted to Maritime Reporter on September 1, 2026

On Tuesday, President Masoud Pezeshkian stated that Iran would immediately reciprocate?if the United States returns its commitments under an interim deal?signed in June. His comments were made at the Shanghai Cooperation Organisation Summit…

UAE denies Al Minhad Air Base is a target after Iran claims it attacked base

Posted to Maritime Reporter on August 31, 2026

In a statement from the defence ministry, the UAE denied reports that 'Al Minhad Air Base' had been hit by missiles. The?ministry stated that the armed forces were in a state of high readiness to respond to threats and protect the sovereignty, security and stabilty of the?UAE.

Nournews: Iran denies the attack on Kharg Island and calls Trump's tweet 'laughable.'

Posted to Maritime Reporter on August 31, 2026

According to Nournews he said that oil 'operations' at Iran's 'Kharg Island' have not stopped. He also denied that the 'key oil hub' was being destroyed, as U.S. president Donald Trump's post on social media had claimed. Nournews quoted him…

Malaysia PM announces measures to reduce living costs and support local businesses

Posted to Maritime Reporter on August 30, 2026

Anwar Ibrahim, the Malaysian prime minister, announced measures on Sunday to combat rising living costs and support businesses. These included restoring higher quotas of subsidised petrol and Diesel?purchases as well as additional funding for schools and small traders.

Six months of MORNING BID AMERICAS

Posted to Maritime Reporter on August 28, 2026

The U.S. president Donald Trump initially said that the Iran war would only last for four to five weeks. But we are now approaching the six-month mark. The financial markets' resilience in the face of what was thought to be an impending doomsday…

Data shows that shipping traffic through the Strait of Hormuz has fallen below its 10-day average

Posted to Maritime Reporter on August 28, 2026

Seven cargo vessels passed through the 'Strait of Hormuz' on Thursday. This is down from 17 a day before and below the 15-ship average for the past 10 days, according to preliminary data released on Friday. Initial data from the shiptracker Kpler at 0315 GMT showed that seven vessels transited…

China's demand for marine fuels is decreasing, allowing more Sudanese oil to be blended.

Posted to Maritime Reporter on August 27, 2026

According to data from the shipping industry and market sources, more barrels of South Sudan Dar Blend crude oil were returned to?the marine fuel blend pool in Singapore this month as demand for China's refined products decreased. As the month ended…

CMB.Tech core profit doubles due to Hormuz disruption, which increases tanker rates

Posted to Maritime Reporter on August 27, 2026

CMB.Tech, a Belgian 'tanker' company, announced on Thursday that its core profit % for the second quarter had more than doubled. This was due to strong dry bulk and tanker prices as well as vessel sales in spite of a disruption caused by war.

Data shows that shipping traffic in the Strait of Hormuz has increased slightly.

Posted to Maritime Reporter on August 27, 2026

Data showed that shipping traffic in the Strait of?Hormuz rose slightly despite the?geopolitical standoff between the United States,?Iran and?Oman, as well as the?market monitoring?Iran's talks with Oman about the waterway. Kpler data showed…

ADNOC and KPC lease supertankers for oil shipping to Asia

Posted to Maritime Reporter on August 26, 2026

According to shipping and trade data, Abu Dhabi National Oil Co (ADNOC), and Kuwait Petroleum Corp (KPC), have chartered four supertankers for a week-long?loading oil? at Fujairah (United Arab Emirates) bound for Asia. ADNOC has chartered three…