Posted to Maritime Reporter
on
February 5, 2025
The Energy Information Administration (EIA), which is responsible for the U.S. Energy industry, announced on Wednesday that crude oil and gasoline stocks in the United States increased while distillate inventories fell. The EIA reported that crude inventories increased by 8.7 millions barrelsā¦
Posted to Maritime Reporter
on
February 5, 2025
The U.S. will continue to transition away from fossil fuels and towards renewable energy despite the tariffs imposed by President Donald Trump, according to the CEO of the power plant manufacturer Wartsila. The President has outlined a comprehensive plan to maximize oil production.
Posted to Maritime Reporter
on
February 5, 2025
Hapag-Lloyd, a container shipping liner, will be able cope with U.S. Tariffs on Chinese Products. This was the chief executive's message to reporters on Tuesday. Rolf Habben Jansen, CEO of Rolf Habben Jansen, said that it was too early to panicā¦
Posted to Maritime Reporter
on
February 5, 2025
The state grain buyer of Jordan has announced an international tender for up to 120,000 tons of milling whey that can come from optional origins. The deadline to submit price proposals in the tender is February 11. Traders had expected a new announcement after Jordan failed to purchase 120ā¦
Posted to Maritime Reporter
on
February 5, 2025
Norwegian Line Holdings and Italian shipbuilder Fincantieri announced on Wednesday that they had reached an agreement for four new cruise ships. A source familiar with the matter estimated that this deal was worth approximately 9 billion euros (9.34 billion dollars).
Posted to Maritime Reporter
on
February 5, 2025
Two trade sources who have direct knowledge of this matter say that China has delayed the imports of up 600,000 metric tonnes of wheat, mostly Australian, and offered some of those cargoes to buyers other than itself as domestic supplies are reducing demand in the top grain buyer in the world.
Posted to Maritime Reporter
on
February 4, 2025
The 122-meter Kismet superyacht towers over the steamboats scattered along the Mississippi River at New Orleans. For those of us with a difficult time converting metric measurements, that's 400 feet - 40 more than the length of a football field.
Posted to Maritime Reporter
on
February 4, 2025
Goldman Sachs said on Tuesday that it expected Beijing's retaliatory duties in response to the new U.S. sanctions against Chinese products to have a limited impact on energy costs. The 10% tariff imposed by President Donald Trump on Chinese products went into effect at 12:01 am.
Posted to Maritime Reporter
on
February 4, 2025
An Egyptian cabinet announcement on Tuesday revealed that Egypt's General Authority for Supply Commodities has signed a $700-million loan agreement with the Islamic Trade Finance Corporation to boost its efforts in food security. The loan is part of the ongoing cooperation between Egyptā¦
Posted to Maritime Reporter
on
February 4, 2025
Initial assessments indicate that five trading companies have participated in the international bid on Tuesday by Jordan's state grain buyer to buy 120,000 metric tonnes of wheat. Viterra, Al Dahra and Cereal Crops were thought to be the trading houses involved.
Posted to Maritime Reporter
on
February 3, 2025
Authorities said that a female swimmer died after a shark attacked her in the waters near a popular tourist destination on Australia's East Coast. The Queensland State Police said that emergency crews were dispatched to Woorim beach at Bribie islandā¦
Posted to Maritime Reporter
on
February 3, 2025
New Jersey's regulator of public utilities announced on Monday that it will not award new contracts for offshore wind, just days after Shell pulled out of the one project where a final bid had been submitted. Uncertainty regarding federal support of the industry.
Posted to Maritime Reporter
on
February 3, 2025
Two industry sources who are familiar with the calculations and data say that the daily output of Kazakhstan's biggest field, Tengiz has reached a new record high in late January. This is a 45% increase from the average for 2024. The Kazakhā¦
Posted to Maritime Reporter
on
February 3, 2025
A Swedish prosecutor announced on Monday that the cargo ship Vezhen damaged a submarine cable connecting Sweden and Latvia in late August, but that it was not deliberate. The vessel, which is registered under the Maltese flag, had already been released.
Posted to Maritime Reporter
on
February 2, 2025
A spokesperson for the State Department said that U.S. Secretary Marco Rubio informed Panamanian President Jose Raul Mulino during talks on Sunday that Donald Trump had determined that China's influence threatened the Panama Canal, and that urgent changes were required or the U.S. might act.
Posted to Maritime Reporter
on
February 2, 2025
Marco Rubio, the top Trump administration diplomat, began his first overseas visit to Panama on Sunday. He was scheduled to meet Panamanian president Jose Raul Mulino and discuss U.S. concern about Chinese companies that could affect U.S. shippingā¦
Posted to Maritime Reporter
on
January 31, 2025
Mauricio Clever-Carone, U.S. Special Envoy for Latin America said that China's presence near the Panama Canal was a concern to Panama's national security, just days before the top U.S. diplomat Marco Rubio visited the country. Rubio is scheduled to depart for his first overseas trip on Saturday.
Posted to Maritime Reporter
on
January 31, 2025
Denmark will stop all offshore wind tenders, as the current framework that does not offer subsidies is ineffective under the current market conditions. This was announced by its Energy Minister on Friday. Cost increases, interest rate hikesā¦
Posted to Maritime Reporter
on
January 31, 2025
After a temporary delay caused by the recent U.S. trade sanctions, which have increased trading costs, Indian sources in the refining industry said that traders have now resumed their offers to Indian refiners of Russian crude cargoes. Washingtonā¦
Posted to Maritime Reporter
on
January 31, 2025
Kazmunaigaz, a subsidiary of Kazmunaigaz Group (KMG), awarded Geneva-based BGN up 520,000 metric tonnes per month of CPC Blend in an auction for supply until 2025. Sources say that KMG sold CPC Blend Oil sourced from Tengizchevroil - an operatorā¦
