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Sunday, October 18, 2026

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Libyan drilling wells with encouraging production rates

Posted to Maritime Reporter on June 17, 2026

Libya successfully drilled an?well at its Al-Khair oilfield, with production rates of 3,209 barrels of oil per?day. The associated gas production rate was 1.948 million cubic feet per day. NOC stated in a press release that the tests on the first well…

The new Ferretti boss rejects any claims that Italy has broken the golden power rule

Posted to Maritime Reporter on June 17, 2026

After a shareholder vote appointed a new board last month, the new head of Italian yacht maker Ferretti rejected Wednesday allegations made by its second-largest investor that it had breached Italy's golden powers rules, which are designed to shield?strategic?assets.

Iran's official media agency reports that Iran and the US have signed a MoU to end their fighting and blockade in the Gulf region.

Posted to Maritime Reporter on June 17, 2026

According to a 'MoU' published by Iran’s official IRNA News Agency on Wednesday, both countries will end their fighting on all fronts. They also agreed to stop naval blockades in the region. Iran's official news agency released details about the?deal that will be signed on Friday.

Trump: It's unfair that Iran doesn't have ballistic missiles when other countries do

Posted to Maritime Reporter on June 17, 2026

U.S. president?Donald Trump?said?Wednesday?that it'd be unfair if Iran didn't have ballistic?missiles when other countries had them. "I think it's unfair that other countries don't have any," Trump told reporters in Paris. Trump said that the…

EU maize and wheat at 2-week highs due to weather and demand

Posted to Maritime Reporter on June 17, 2026

Euronext maize and wheat rose to new highs on Wednesday, thanks to an Algerian import purchase and a hotter weather in France. After reaching its highest price since June 3, September wheat settled at EUR203.50 ($235.84). This is a 0.5% increase.

Qingdao to see more than 400 delegates reshaping sailing

Posted to Maritime Reporter on June 17, 2026

World Sailing announced a'reunion of more than 400 sailing delegates from around the world in Qingdao China, between November 16 and 21. They will be able to influence the future of the sport. Qingdao in Shandong Province hosted the Olympic sailing event at the 2008 Beijing Games.

Boston Fleet wins five awards at PWHL Awards Event

Posted to Maritime Reporter on June 17, 2026

The Boston Fleet won five of the seven individual awards at the PWHL 2026 Awards in Detroit,?Tuesday evening. Boston's Aerin Frankel won both the Billie Jean King MVP Award and Goaltender of Year. Frankel is 26 years old and the first netminder ever to receive MVP honors.

The new Ferretti boss rejects any claims that Italy's golden power rules have been violated

Posted to Maritime Reporter on June 17, 2026

After a shareholder vote last month that appointed a brand new board, the new Ferretti CEO rebuffed arguments made by the second largest investor of the company. KKCG Maritime, a Czech investor, urged the Italian Government to act following…

Local media reports that Russian port entrepreneur IlyaTraber was arrested in St Petersburg.

Posted to Maritime Reporter on June 17, 2026

Fontanka, a local news outlet reported that prominent?Russian entrepreneur Ilya Traber was?detained? in?St Petersburg. Could not confirm immediately the report. Fontanka stated that searches had been conducted at Traber's property and one of his associates has also been?detained.

Iranian oil tankers pass US blockade after US-Iran deal, data shows

Posted to Maritime Reporter on June 17, 2026

Shipping data shows that at least three tankers carrying Iranian oil have sailed past the U.S. blockade in the last week. A fourth vessel, an empty vessel is heading to the Gulf of Oman after the U.S. & Iran reached a framework agreement to reopen Strait of Hormuz.

UK PM Starmer labels Channel incident involving Russian Warship as'reckless

Posted to Maritime Reporter on June 17, 2026

Keir starmer, British Prime Minister, said on Wednesday that the firing of warning shots by a Russian Frigate to divert a UK-flagged civilian yacht near British territorial waters was reckless and deeply worrying. According to the statements of the Russian and British defence ministries…

Canada sanctions Russia's shadow fleet and energy revenues

Posted to Maritime Reporter on June 16, 2026

The Canadian government released a statement after Carney's meeting with Ukrainian President Volodymyr Zelenskiy at the G7 summit in France. In a statement dated Tuesday, the Canadian government included Maritime Mutual of New Zealand, which…

US official: US-Iran agreement allows Tehran to sell oil immediately upon signing

Posted to Maritime Reporter on June 16, 2026

A senior U.S. Official?said that the U.S. would 'allow Iran to immediately begin selling oil and fuel in accordance with the memorandum o understanding signed by the two sides to end the conflict. Source: The waiver of'sanctions on Iranian oil…

Sailors from a Russian frigate fired warning shot at a yacht on the Channel

Posted to Maritime Reporter on June 16, 2026

Sources familiar with the incident claim that sailors on a 'Russian frigate' fired warning shots at a 'civilian yacht? in the Channel, which came close to it. The Ministry of Defence in Britain did not have a comment immediately. Sources, who spoke on condition of anonymity…

The Turkish Foreign Ministry warned Russia against taking any steps that could threaten security and interests in the Black Sea

Posted to Maritime Reporter on June 16, 2026

The Turkish foreign minister said that he had spoken to his Russian counterpart on Tuesday about the importance of avoiding actions in 'the Black Sea' that threatened regional security and Turkey's interests. He also reiterated Turkey's offer as a mediator between Kyiv & Moscow.

The torrential rain that has flooded southern China's airports has caused hundreds of flights to be delayed

Posted to Maritime Reporter on June 16, 2026

State media reported that a prolonged 'torrential downpour' caused widespread flight delays in a number of airports across southern China. Forecasters predicted the rain belt would linger over the region until it moved northward on Thursday.

ADNOC sold at least 30 millions barrels of crude oil in supply boost, according to sources

Posted to Maritime Reporter on June 16, 2026

Abu Dhabi National Oil Company has sold 30 million barrels of spot oil to Asian refiners and traders this month, and is offering more this week. This will boost exports in the wake of the U.S. - Iran ceasefire. The United Arab Emirates producer sold cargoes containing Das…

Oil markets bet Trump wouldn't back down on Iran. Bousso

Posted to Maritime Reporter on June 16, 2026

Never bet against Donald Trump. Oil market made a bet from the first day of the Iran War: the U.S. President would not let the conflict spiral into an economic crisis. The traders would not price in a single barrel, regardless of what happened with the physical supply.

Oil markets bet Trump wouldn't back down on Iran. Bousso

Posted to Maritime Reporter on June 16, 2026

Never bet against Donald Trump. Oil market made a bet from the first day of the Iran War: the U.S. president would not let the conflict spiral into an economic crisis. The traders would not price in a single barrel, regardless of what happened with physical supplies.

EU sanctions against Russia include shadow fleet figures, judges and bishop

Posted to Maritime Reporter on June 15, 2026

The European Union expanded its list of sanctions on Monday, targeting Russian shadow fleet members accused of?aiding Moscow in its war effort against Ukraine as well as?individuals connected to the murder Alexei Navalny, an opposition leader.

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