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Tuesday, August 25, 2026

Maritime Blogs

South Korean millers purchase 100,000 tons of U.S. Wheat, traders claim

Posted to Maritime Reporter on June 30, 2026

European traders reported that two 'South Korean milling groups' bought 100,000 metric tonnes of'milling wheat from the United States at an international auction on Tuesday. * One group booked 50,000 tonnes?for shipment from October 15 to November '15 and the second 50…

CMA CGM's Galapagos container vessel leaves Strait of Hormuz

Posted to Maritime Reporter on June 28, 2026

CMA CGM said that its Galapagos container ship left the 'Strait of Hormuz' on Sunday. Washington and Tehran both accuse the other of violating the agreement. The ship's captain declined to comment on the circumstances of the vessel's departure from the strait.

Croatia coach hits back against doubters and praises Modric

Posted to Maritime Reporter on June 27, 2026

Zlatko Dalic blasted the doubters of his team and claimed that they were "back to the Croatia of old" after they won a 2-1 victory over Ghana on Saturday to advance to the World Cup's last 32. The 2022 and 2018 semi-finalists lost 4-2 in their first match to England.

Former world champion Simpson released from hospital following cardiac arrest

Posted to Maritime Reporter on June 27, 2026

Jenny Simpson, a former world champion and Olympic medalist from the United States, has been released from hospital following a heart attack that she suffered during an event in Raleigh, North Carolina. The 39-year old woman was leading a group…

US strikes Iran after attack on cargo vessel in Strait of Hormuz

Posted to Maritime Reporter on June 26, 2026

U.S. forces attacked Iran Friday after an Iranian drone struck a cargo vessel in the Strait of Hormuz. This put the fate of the recently signed 'interim peace deal' between the U.S. and Iran in doubt. U.S. Central Command reported that aircraft had struck drone and missile storage sites…

UAE: false public alert caused by technical malfunction

Posted to Maritime Reporter on June 26, 2026

The 'United Arab Emirates' said?on Friday a technical failure in its early-warning system led to the incorrect message?being sent?to residents about a possible missile threat. The National Emergency Crisis and Disaster Management Authority (NECDM)…

EU: Oil flows from Middle East are recovering, but it will take some time for them to reach Europe

Posted to Maritime Reporter on June 26, 2026

The European Union's Oil Co-ordination Group said on Friday that, while?oil flows were slowly recovering after a preliminary agreement to end the Iran War, it will still?take time for these supplies to reach Europe. The Oil Coordination Group…

Equinor abandons plans for offshore wind energy in Japan

Posted to Maritime Reporter on June 26, 2026

The Norwegian 'energy company Equinor announced on its website that it would close its Tokyo office and end its offshore 'wind - business activities in Japan by the year 2026. This decision is a result of a strategic reassessment by?Equinor…

Alberta increases LPG exports via rail as US demand for summer LPG surges

Posted to Maritime Reporter on June 25, 2026

The Tank Tiger, a storage broker, says that the summer's railway exports of liquefied petroleum gas from Canada's production hub, Edmonton, Alberta, are high due to the strong demand for motor fuel blends. The surge in LPG exports out of season…

France seizes tanker from'shadow fleet,' increasing pressure on Russia

Posted to Maritime Reporter on June 25, 2026

The French navy has seized another tanker, which it believes is linked to Russia's shadow fleet. This highlights the intensification of European efforts this year to enforce sanctions and squeeze one of Moscow's major revenue streams. Since the beginning of 2026…

Source: Everllence, a Volkswagen product, is valued at well over EUR9 billion during the bidding war.

Posted to Maritime Reporter on June 25, 2026

All three bids received for the engine maker Everllence by Volkswagen valued the unit at "clearly" more than EUR9 billion ($10.21 billion), according to a source involved in the negotiations. Volkswagen has chosen U.S. Private Equity firm Bain Capital for the acquisition of 51% of this unit.

Chairman of Partners Group says that evergreen funds are'slightly less' for Partners Group

Posted to Maritime Reporter on June 25, 2026

Bloomberg reported that Steffen Meister, the Chairman of Partners Group, said that the company may reduce slightly in size its evergreen funds while still sticking to its overall strategy. This comes after a recent cap on withdrawals from a private equity fund.

Russia will consider legal options in the event that oil from a tanker seized by Britain is sold

Posted to Maritime Reporter on June 25, 2026

The Kremlin announced on Thursday that Moscow would 'explore its legal options to the fullest extent possible' if Russian crude from a tanker captured by Britain in this month was sold. The Daily Telegraph reported that Britain could hold an auction in order to sell the '100…

Russia will consider legal options in the event that oil from a tanker seized by Britain is sold

Posted to Maritime Reporter on June 25, 2026

The Kremlin said on Thursday that it would 'explore its legal options and use them to the maximum extent possible' if Russian crude from a tanker captured by Britain in this month was sold. The Daily Telegraph reported that Britain could hold an auction to dispose of the 100…

Russia denies that it is pressuring Belarus in order to escalate the Ukraine conflict

Posted to Maritime Reporter on June 25, 2026

The Kremlin denied on Thursday a Wall Street Journal article that claimed that it was pressuring Belarus to back an "expansion" of Russia's war against Ukraine. The WSJ reported Wednesday that Russia was looking to Belarus as a launchpad to…

Everlence deal boosts Volkswagen shares by EUR7.4 billion

Posted to Maritime Reporter on June 25, 2026

The?shares of Volkswagen rose 2.4% on Friday following the?announcement that a majority of its engine unit Everllence would be sold in a deal expected to bring in EUR7,4 billion ($8,41 billion) as the automaker continues with its restructuring.

Sources say that China will increase its refined fuel export allowance for July.

Posted to Maritime Reporter on June 25, 2026

Three industry sources who were briefed about the plan said that China would increase the amount of refined gasoline its state-owned refiners can export from June to July. China is Asia's biggest fuel exporter and the increased allowance will?ease…

Taiwanese are enthused by the alarm raised by Western allies over Chinese Coast Guard activity

Posted to Maritime Reporter on June 24, 2026

Taiwan thanked the U.S. and Britain for raising the alarm over the Chinese Coast Guard and other activities near the east coast of the island. The government said that freedom of navigation is essential to global trade. China, which considers democratically-governed Taiwan to be its territory…

FT reports that Bain Capital will buy a majority stake in Volkswagen Marine Engines.

Posted to Maritime Reporter on June 24, 2026

The Financial Times reported that Bain Capital was'set to acquire a majority stake in Volkswagen Marine Engine Unit Everllence. This report was based on people who are familiar with the situation. According to the report, it is estimated that the?unit will be worth?about EUR8.5 billion.

PREVIEW: France to top the rankings against Norway in form

Posted to Maritime Reporter on June 24, 2026

France will have a much easier time navigating the World Cup when it faces?Norway on?Friday in the final match of Group I. However, finishing first could mean they are facing the most difficult road to the title. France is assured of a spot in the round 32 following victories over Senegal…

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