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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.
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February 4, 2026
China has called the Panama court's decision to annul CK Hutchison’s contracts to operate a pair of Panama Canal ports as "absurd, shameful and pathetic" and vowed that it would defend Chinese interests. Panama's Supreme Court annulled last…
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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…
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February 4, 2026
Nonghyup Feed Inc., the leading South Korean animal food maker (NOFI), bought an estimated 134,000 metric tonnes of animal feed corn on Tuesday in a?international bid that sought up to 207,000 metric tons. Traders said that two consignments each of up to 67…
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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.
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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.
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February 4, 2026
European traders reported that the leading South Korean animal feed manufacturer Nonghyup Feed Inc., (NOFI), bought an estimated 134,000 tons of 'animal feed corn' in a?international?tender on Tuesday. The tender sought up to 207 tons. According to traders…
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February 4, 2026
European traders reported on Tuesday that the leading South Korean feedmaker Nonghyup Feed Inc., (NOFI), has issued an international bid to purchase up to?to 207,00 metric tons animal feed corn. The deadline to submit?price?offers in the tender also falls on Tuesday, February 3.
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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…
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February 2, 2026
Three sources with knowledge of the matter have confirmed that Donerail Group is offering to purchase MarineMax at $35 per share, in an all-cash transaction. This would value the superyacht services company at just under $1 billion. MarineMax…
Posted to Maritime Reporter
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February 2, 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, which was announced by President Trump and…
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.
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February 2, 2026
According to reports by the illegal armed group in Colombia and the government, Jose Gonzalo Sanchez, the second-in command of Colombia's Clan del Golfo - the largest illegal armed?group in the country - died when the boat he was travelling…
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February 2, 2026
Tanger Med Port in Morocco said Monday that it would maintain its position as the Mediterranean's and Africa's largest port by handling 11.1 million containers by 2025. This is an increase of 8.4% from a year ago. In a press release, the port…
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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…
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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…
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February 2, 2026
The Japanese government announced on Monday that they had successfully recovered rare-earth rich seabed mud from depths as deep as 6 km (4miles) during a test mission. A Japanese drill ship left?on? January 12 for remote Minamitori Island in order to explore rare earth-rich mud deposit.
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February 2, 2026
Ship-tracking data showed that Kuwait's Al-Zour refinery increased fuel oil exports to record levels in January after recovering from an outage. Most of the cargoes were bound for Southeast Asia. Analysts and traders said that the surge in Kuwaiti supply…
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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.
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February 2, 2026
The Malaysian Maritime Enforcement Agency announced on Saturday that two tankers suspected of illegal'ship-to ship oil transfers' were detained last week and that more than 512 million ringgit (US$129.9m) of crude oil was seized. This occurred 24 nautical miles west from Muka Head in Penang.
