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French Navy intercepts cocaine-laden boat in Caribbean

Posted to Maritime Reporter on February 6, 2026

On Thursday, the French Navy intercepted a boat?carrying cocaine and handed it over to Barbadian authorities. This comes as other countries, including the United States, intensify their efforts against drug trafficking. Catherine Vautrin reported? on X? that 678 kilogrammes cocaine had been seized.

French diplomat: Taiwan Strait missions are not about provocation but international law

Posted to Maritime Reporter on February 6, 2026

France's de-facto ambassador to Taipei, speaking of voyages that regularly enrage China, said Thursday that foreign countries are not provoking China by their naval missions in the Taiwan Strait, but rather asserting international laws. Beijing claims sovereignty over Taiwan and views the narrow…

Merz, a German company, heads to the Gulf region in search of new partners

Posted to Maritime Reporter on February 4, 2026

On Wednesday, German Chancellor Friedrich Merz started a tour to Saudi Arabia, Qatar and the United Arab Emirates to form energy and arms partnerships as Europe's largest and richest economy tries to reduce its dependence on the U.S. Merz, at the beginning of his three-day visit…

Wartsila order misses forecast but data centres are still on track

Posted to Maritime Reporter on February 4, 2026

Wartsila, the Finnish engineering company, missed its fourth-quarter order forecasts on Tuesday due to U.S. tariffs on batteries and increased competition in their energy storage business. Even though CEO Hakan AGnevall said that there were…

CK Hutchison initiates arbitration against Panama Canal Ports Contract ruling

Posted to Maritime Reporter on February 4, 2026

Hong Kong's CK Hutchison announced on Wednesday that its Panama Ports Company has begun international arbitration proceedings against Panama, after the country’s top court annulled their licences to run two Panama?Canal port. This case could take many years to resolve.

US refiners struggle with sudden surge of Venezuelan oil imports

Posted to Maritime Reporter on February 4, 2026

According to traders and shipping information, oil refiners in the U.S. Gulf Coast struggle to absorb an influx of Venezuelan crude since last month's $2 billion deal, which was a "flagship" agreement between Washington and Caracas. This has pushed up prices and left some volumes unsold.

Shell sells 20% stake to Kuwaiti firm in offshore Brazil Orca Project

Posted to Maritime Reporter on February 4, 2026

Shell announced on Tuesday that it has agreed to'sell' a 20% stake of its Orca offshore Brazil project to Kuwait Foreign Petroleum Exploration Company. Shell said it will retain a 50% stake in the project and continue to be the operator. It…

Orsted sells off European onshore renewables in order to solidify finances

Posted to Maritime Reporter on February 4, 2026

Orsted, the Danish wind farm operator, announced on Tuesday that it has agreed to sell its European onshore Renewables business to Copenhagen Infrastructure Partners at a price of 1.44 billion euro ($1.7 billion), as part a plan to strengthen its finances.

The UK's naval chief has said that the investment of Russia in Northern Fleet is not diminishing.

Posted to Maritime Reporter on February 4, 2026

The British Navy's top naval commander said that despite the conflict in Ukraine lasting a few more years, Russia's investment into its Northern Fleet has not diminished. He added that Western powers were tested by Moscow's "aggressive" posture.

Bousso

Posted to Maritime Reporter on February 4, 2026

The hard economic reality of oil will sabotage President Donald Trump's efforts to funnel U.S. crude oil and Venezuelan crude into India, as part of an overall trade agreement. Details of the deal were announced by President Trump and Indian Prime Minister Narendra Modi on Monday…

US court stops Trump from halting the last of five offshore wind projects

Posted to Maritime Reporter on February 2, 2026

The five offshore wind projects that were halted in December by the Trump Administration can resume construction after a federal court ruled on Monday. A judge cleared Denmark's Orsted to proceed with its Sunrise Wind Project off the coasts of New York.

Venezuelan oil exports jump to 800,000 barrels per day in January under US control.

Posted to Maritime Reporter on February 2, 2026

Shipping data shows that Venezuelan oil exports jumped to a record?800,000. barrels per day in January under the control of the United States, from 498,000 barrels per days in December. This was after the capture by the U.S. of President Nicolas Maduro…

US Judge to review last project challenge to Trump Offshore Wind Pause

Posted to Maritime Reporter on February 2, 2026

A U.S. Judge will on Monday consider a Danish energy company's request to block the Trump?administration from halting its Sunrise Wind Project off the coast of?New York. This is the fifth preliminary injunction application filed by an offshore developer since December 22…

Andy Home: The surge in exports from China is a sign that the global metals market is in turmoil.

Posted to Maritime Reporter on February 2, 2026

China's net copper imports last year fell to the lowest level since 2017. They totaled 3.03 million metric tonnes. Exports grew dramatically, despite a drop in inbound shipments of only 5% compared to 2024. The largest copper buyer in the world shipped almost 800,000 tonnes.

America's Cup extends the entry deadline and opens it to more teams

Posted to Maritime Reporter on February 2, 2026

The deadline for America's Cup entries has been extended by two months, to the end of March. This will allow more teams to compete in the blue-ribbon event next year at 'Naples. The entry deadline has been extended until March 31 to give teams more time to prepare for AC38.

German commuter transport comes to a halt on Monday after a strike call

Posted to Maritime Reporter on January 31, 2026

German commuter and bus services will likely grind to a halt across the country as the major public services union has called for a nearly nationwide strike over a dispute with employers at the municipal and state level. In a Friday statement…

The US and Europe are falling behind in the race for control of the Arctic: Vladimirov & Petrova

Posted to Maritime Reporter on January 31, 2026

The Arctic is not a frozen peripheral, particularly after the spat between the U.S. and Europe over Greenland. The High North is becoming a strategic hub for minerals, energy and shipping as the sea ice begins to melt. The Arctic is heating up four times faster than other parts of the world…

The US and Europe are falling behind in the race for control of the Arctic: Vladimirov & Petrova

Posted to Maritime Reporter on January 29, 2026

The Arctic is not a frozen peripheral, particularly after the spat between the U.S. and Europe over Greenland. The High North is becoming a strategic hub for minerals, energy and shipping as the sea ice begins to melt. The Arctic is heating up four times faster than other parts of the world…

Bousso

Posted to Maritime Reporter on January 29, 2026

The vast European natural gas storage network will exit winter with its lowest level for years. Yet, market prices show a complacency that is at odds with the immense challenge faced by traders in replenishing their inventories. Since the Russian invasion of Ukraine…

Stonepeak and CMA CGM form joint port venture

Posted to Maritime Reporter on January 29, 2026

The French shipping company CMA CGM has partnered with U.S. investment group Stonepeak to form a joint-venture valued at almost $10 billion. This venture will 'operate and develop port terminals in the United States, among others,' the companies announced on Wednesday.

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