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Paris wheat prices firm up as Black Sea exports are assessed following diplomatic hopes

Posted to Maritime Reporter on August 24, 2026

Euronext Wheat Futures were steady on Monday, as traders weighed the suggestion of Ukraine's President for diplomatic talks with Russia about Black Sea attacks against speculation?about a shift in demand towards?European Union Supplies. At 1630 GMT…

Carney: Canada will spend C$11 Billion to build six new icebreakers

Posted to Maritime Reporter on August 24, 2026

Canadian Prime Minister Mark Carney said on Monday that the federal government will invest more than C$11 Billion ($7.95 Billion) in the construction of six new icebreakers to the Canadian Coast Guard. Carney, speaking in Levis, Quebec said…

Sources say that Russia's Perm Oil Refinery has halted its operations following the August 21 drone attack.

Posted to Maritime Reporter on August 24, 2026

According to two industry sources, the Perm oil refinery - Russia's 7th largest oil processing plant in terms of volume - ceased operations on August 21 after a Ukrainian drone attack caused damage and fires at?technical units. In recent months…

Tunisian hospital receives 19 bodies after migrant boat sinks

Posted to Maritime Reporter on August 24, 2026

The head of an migrant rights organization said that a hospital in Ben Guerdane, Tunisia, has received at least 19 bodies of migrants who were recovered from the sea over the last two days. This follows the sinking of the boat at the weekend.

Grain-Corn jumps 3 years high as traders look to lower US production

Posted to Maritime Reporter on August 24, 2026

Chicago corn futures soared to a three-year high on Monday after analysts toured U.S. farms last week and found that U.S. crops are 'in worse condition than expected. Wheat prices reached their highest level in two years, as Russia and Ukraine retaliated with a tit-fortat attack on Black Sea ports.

Bousso: Refiners in the US face a historic test of stress as the global crisis looms.

Posted to Maritime Reporter on August 24, 2026

The U.S. has operated its refineries at near-maximum capacity for over a quarter of a century. Refineries are scrambling to take advantage of the windfall profits created by the Iran War. History offers a warning: "Super-refining" runs can lead to major plant failures. This has global consequences.

Gulf stocks rise as Saudi shares continue winning streak

Posted to Maritime Reporter on August 24, 2026

Saudi Arabia's stock exchange led gains among major Gulf bourses - in early trading on Monday. Information technology, banking, and materials shares advanced - as investors continued the rally from the previous session despite lower oil prices.

Bousso: Refiners in the US face a historic test of stress as global crisis looms.

Posted to Maritime Reporter on August 24, 2026

The U.S. has operated its refineries at near-maximum capacity for over a quarter of a century. Refineries are scrambling to take advantage of the windfall profits generated by the Iran War. History offers a warning: "Super-refining" runs can lead to major plant failures.

Data shows that fewer than 20 ships passed through the Strait of Hormuz during the weekend.

Posted to Maritime Reporter on August 23, 2026

Shipping data revealed that fewer than 20 cargo vessels traversed the Strait of Hormuz over the weekend as Iranian and U.S. blocksades restricted traffic through the chokepoint for energy shipments. Initial data from shiptracker Kpler indicated…

Tunisia Coast Guard recovers eight bodies from migrants whose boat capsized

Posted to Maritime Reporter on August 23, 2026

A spokesperson for the National Guard said that the Tunisian Coast Guard recovered the bodies of 8 Tunisian migrants whose boat had sunk at the weekend while en route to Italy. The'search' continues for six other people who are still missing.

Iran allows a number Iraqi oil tankers through Hormuz

Posted to Maritime Reporter on August 22, 2026

Iran granted permission to Iraqi oil tankers requesting through multiple channels that they 'pass through the Strait of Hormuz,' according to Iran's official news agency IRNA. IRNA reported that Baghdad was requesting special permissions for…

Group says at least 13 Tunisians are missing after a migrant vessel sinks off Tunisia

Posted to Maritime Reporter on August 21, 2026

At least 13 Tunisians have gone missing after a migrant ship sank near the Tunisian coastline while sailing to Italy. Two people were rescued. Mostafa Abdulkebir, head of the Tunisian Observatory for Human Rights told reporters that the boat left early on Thursday morning.

US Navy aircraft transit the Taiwan Strait ahead of planned Xi Trump meeting

Posted to Maritime Reporter on August 21, 2026

On Friday, a U.S. Navy P-8A Poseidon flew over the Taiwan Strait in international airspace. 7th Fleet said that the move "demonstrates United States commitment to a free and open Indo-Pacific". Global Times, a state-owned newspaper, reported…

Police: Girl drowns in hospital after her family drowns off English coast

Posted to Maritime Reporter on August 21, 2026

Sussex Police announced on Friday that a six-year old Palestinian-British child, whose parents and sister died earlier this week, after they 'got into difficulty' in?the sea? off the southern coasts of England, also passed away at hospital.

France's CMA CGM will charge an emergency fee for inland flooding due to lower river levels

Posted to Maritime Reporter on August 21, 2026

CMA CGM, the French container-shipping giant, announced a "inland emergency fee" on Friday due to the disruption of inland barge traffic caused by the low water levels along the Rhine. CMA-CGM stated that the low 'waterline' had resulted in a'reduction of transport capacity…

Due to strong demand and tight supply, Russian Urals crude is now a premium product in India

Posted to Maritime Reporter on August 21, 2026

Three 'trading sources' said that the price of Russian Urals crude sold to India is now higher than the Brent benchmark for the first time since last May, as the demand from Asia has increased and the export availability has tightened. Sources…

Somali pirates attack Iranian-linked oil tanker

Posted to Maritime Reporter on August 21, 2026

A tanker that was under sanctions by the U.S. The latest victim of Somali pirates, who are resurgent after a spate of attacks on oil tankers under?U.S. sanctions for allegedly transporting Iranian petroleum products? was boarded and diverted to Somalia off the coasts of Yemen.

EU wheat demand at four-week peak as Black Sea disruptions stir up demand

Posted to Maritime Reporter on August 20, 2026

The benchmark wheat price on Euronext reached its highest level in almost four weeks Thursday. This was largely due to a 'prediction that the war-related disruptions of Black Sea exports would 'push some demand to?Western Europe. The December wheat contract…

British Army sailors save exhausted stowaway from 70 miles at sea

Posted to Maritime Reporter on August 20, 2026

The British Army sailing team competing in one of the most challenging races for yachting was forced to conduct an impromptu rescue when a barn owl, exhausted from racing, decided to join them 70 nautical miles away. The arrival of the bird…

Around 40 bodies of children recovered from a capsized boat in Nigeria

Posted to Maritime Reporter on August 20, 2026

A boat that was overloaded capsized in the northwest Nigerian state of 'Sokoto'. So far, 40 children have been found dead, according to a local official with the inland waters authority. Abdulkadir Yusuf is a manager at the National Inland Waterways Authority and he confirmed that so far…

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