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Russia compares US blockade Venezuela to piratery

Posted to Maritime Reporter on December 25, 2025

The Russian Foreign Ministry said that the United States is reviving piratery and banditry by blocking Venezuela. It hoped President Donald Trump’s pragmatic approach would prevent a catastrophe. Maria Zakharova, spokeswoman for the Foreign Ministry…

Hanwha's Philly Shipyard could build nuclear submarines for the US Navy, says executive

Posted to Maritime Reporter on December 25, 2025

Alex 'Wong, 'global chief strategist at Hanwha Group said that the?Philly Shipyard of Hanwha has the ability to build a nuclear-powered submarine? for the U.S. Navy. Wong stated during Hanwha's Hanwha media day in Philadelphia on Monday that "the U.S.

Hanwha's Philly Shipyard could build nuclear submarines for the US Navy, says executive

Posted to Maritime Reporter on December 25, 2025

Alex Wong is the global chief strategy officer of Hanwha Group. According to a press release issued by the South Korean firm on Thursday, the company's Philly Shipyard can build a nuclear submarine for the U.S. Navy. Wong, who spoke at the Hanwha media day in Philadelphia on Monday…

KCNA reports that Kim Jong Un, North Korea's leader, supervises the test-firings of long-range missiles.

Posted to Maritime Reporter on December 24, 2025

?North Korean leader Kim Jong Un watched the test firing of long-range Surface-to-Air missiles on?Wednesday at a launcher site?near its east coast?, according to KCNA state media on Thursday. The test was conducted to assess the strategic technology…

White House orders US Forces to Focus on "Quarantine" of Venezuelan Oil for Next Two Months

Posted to Maritime Reporter on December 24, 2025

A U.S. official said on Wednesday that the 'White House' has ordered U.S. military forces to concentrate almost exclusively?on enforcing "quarantine", or the ban, of Venezuelan crude oil for the next at least two months. The official stated that "while military options still exist…

GRAINS-Wheat extends the gains on short covering and war risk

Posted to Maritime Reporter on December 24, 2025

Chicago Board of Trade wheat futures climbed for a fifth consecutive session on Wednesday as traders and analysts feared the outbreak of hostilities along the Black Sea and the extreme cold that was affecting the Russian wheat belts. Corn futures…

GRAINS-Wheat extends the gains on short covering and war risk

Posted to Maritime Reporter on December 24, 2025

Chicago Board of Trade Wheat Futures rose for a fifth session Wednesday, as traders and analysts expressed concern about the escalation of war in the Black Sea Export Zone and the severe cold that has affected the Russian wheat belts. Corn futures rose on the strength of wheat and strong demand…

EU wheat is at a two-week high due to Black Sea risks

Posted to Maritime Reporter on December 24, 2025

Dealers said that European wheat prices rose in a thin trade before Christmas due to concerns about the escalation of war in the Black Sea export zone. Euronext will be closed on Christmas Day, Thursday and Friday. The most active contract, March wheat on the Paris-based Euronext exchange…

EU Wheat Stable as Black Sea Risks Support

Posted to Maritime Reporter on December 24, 2025

Dealers said that the price of European wheat increased on Wednesday, as concerns about the war in the Black Sea export zone and the cold weather in Russia pushed prices up in thin trading before Christmas. The most active contract, March?wheat on Paris' Euronext exchange…

Algerian traders claim that Algeria has bought around 500,000 tonnes of durum at the tender.

Posted to Maritime Reporter on December 24, 2025

European traders reported on Wednesday that Algeria's state grain agency, OAIC, is believed to have bought between 500,000 and 550 000 metric tons durum wheat at an international auction held Tuesday. For larger panamax shipments, the?purchase…

China probe finds that Taiwanese smugglers were in control of vessel that damaged submarine cables

Posted to Maritime Reporter on December 24, 2025

Chinese authorities said on Wednesday that two Taiwanese nationals were involved in a smuggling ring involving a Chinese crewed vessel?that damaged submarine cables earlier this summer. A Taiwanese Court sentenced in June the Chinese Captain…

Russia has set a grain export quota of 20 million tonnes for the period February-June 2020

Posted to Maritime Reporter on December 24, 2025

The?government announced on Wednesday that Russia has set its grain export quota to protect the domestic market at 20 million metric tonnes?for second half of?marketing season. The second half marketing season will run from February 15, 2026 to June 30, 2020.

China probe finds that Taiwanese smugglers were in control of vessel that damaged submarine cables

Posted to Maritime Reporter on December 24, 2025

Chinese authorities said on Wednesday that two Taiwanese nationals were involved in a smuggling ring involving a Chinese crewed vessel?that damaged submarine cables earlier this summer. A Taiwanese court sentenced a Chinese captain, the Hong Tai 58 of Togo…

Fleet management firm Motive Technologies reveals revenue growth in US IPO paperwork

Posted to Maritime Reporter on December 23, 2025

In its U.S. IPO filing, AI-powered fleet manager Motive Technologies disclosed Tuesday a?rise?in revenue for the nine months. Companies are lining up to list in early 2019. Losses of $113.9 millions on $268.9?millions in revenue were reported…

Venezuela uses floating storage to fill onshore tanks

Posted to Maritime Reporter on December 23, 2025

According to documents and data from the company, Venezuela's PDVSA, the state-owned oil company, has started to fill tankers with crude oil and fuel oil, and keep them in Venezuelan water, due to the accumulation of inventories caused by?the U.S. seizing Venezuelan-linked ships on sea. The U.S.

EU wheat remains firm as Black Sea concerns linger

Posted to Maritime Reporter on December 23, 2025

Analysts said that prices for Euronext wheat rose on Tuesday, as Russian attacks against Ukrainian?ports boosted the market. Forecasts of extreme cold in 'Russia also pushed up prices. Traders repositioned their positions before Christmas. The most active contract…

As on-shore tanks fill due to ship seizures, Venezuela turns to floating storage

Posted to Maritime Reporter on December 23, 2025

According to documents and data from the company, Venezuela's PDVSA state-run oil firm has begun filling up 'tankers' with crude oil and fuel oil that it has in its storage. This is because inventories are increasing amid U.S. moves to seize Venezuelan-linked ships. This month, the U.S.

Orsted sells Cathay 55% of Taiwan's wind farm

Posted to Maritime Reporter on December 23, 2025

Orsted, a Danish offshore wind developer, has agreed to sell a 55% stake in its Greater Changhua II offshore wind farm in Taiwan. The deal is worth approximately 5 billion Danish crowns (788.74m). You can also restore your own website. Investor…

Russell: China overtakes OPEC+ to become the primary oil price maker

Posted to Maritime Reporter on December 23, 2025

The conventional wisdom on the crude oil markets is that producers like OPEC+ largely control the price of crude oil by changing output levels in order to achieve a desired result. This shibboleth has been challenged by China in 2025, who used…

Russia blames the low grain prices in the world for its stalled exports

Posted to Maritime Reporter on December 23, 2025

In a newspaper interview published on Tuesday, Dmitry Patrushev, the Deputy Prime Minister, said that low global prices have slowed down Russian grain exports during this marketing season. He also stressed that Russian grain remains in high demand.

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