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Monday, August 24, 2026

Maritime Blogs

FleetPartners Australia rejects SG Fleet bid and draws $567 Million Element offer

Posted to Maritime Reporter on August 9, 2026

Australia's FleetPartners'said Monday that it had rejected a A$3.60-per share?takeover offer from SG 'Fleet Topco 'and was 'considering a better offer from Canada's Element Fleet Management Corp. The shares of the Australian vehicle lease firm…

Russia claims it has struck military and naval facilities that support Ukraine in Odesa and Mykolaiv

Posted to Maritime Reporter on August 8, 2026

The Russian Defence Ministry announced on Saturday that Russia has 'continued to?strike? against Ukrainian port infrastructure and vessels that support the Ukrainian military. The ministry said that Russian forces used precision air-launched…

Taiwan president oversees coastal strike drill during annual war games

Posted to Maritime Reporter on August 7, 2026

Lai Ching Te, Taiwan's president, oversaw the?coastal strikes drills during Saturday's annual war games. He boarded a fast-attack missile boat and watched the deployment of low-flying drones to simulate a Chinese assault. The Han Kuang exercise began in Taiwan on Wednesday.

GRAINS-Wheat prices rebound as traders consider Black Sea attacks and the weaker US Dollar

Posted to Maritime Reporter on August 7, 2026

Chicago Board of Trade Wheat futures rebounded from a 4-week low on Friday, bolstered a weaker U.S. Dollar and as traders assessed reports of further attacks in the Black Sea Export Zone while turning their focus to U.S. crop and jobs data. Corn futures were steady after a volatile day of trading.

US official: we expect an agreement between Iran and Oman soon on Strait of Hormuz

Posted to Maritime Reporter on August 7, 2026

A U.S. official said that progress is being made by Iran and Oman on the 'Strait of Hormuz. We expect to see a deal very soon. The official said that once a deal was announced to'restore commercial shipping free of impediments', the United States would lift their blockade against Iranian ports.

GRAINS-Wheat prices rebound as traders consider Black Sea attacks and the weaker US Dollar

Posted to Maritime Reporter on August 7, 2026

Chicago Board of Trade Wheat Futures rebounded?on? Friday, after dropping to a 4-week low. The weaker dollar aided traders as they assessed reports of further attacks in the Black Sea Export Zone while turning their focus to U.S. crop and jobs data.

EU wheat prices higher in Chicago amid Black Sea uncertainty

Posted to Maritime Reporter on August 7, 2026

Euronext Wheat rose on Friday. This was supported by the rebound of?Chicago Futures and continued war disruptions to Black Sea grain exports. The December wheat price on Euronext rose 1.6% to EUR232 ($268.22). It recorded a weekly gain of?1.8%…

Grain traders consider Black Sea export threats as they weigh third-week loss in wheat

Posted to Maritime Reporter on August 7, 2026

Chicago wheat futures dipped on Friday, and were 'on track for a third successive weekly decline.' Traders?judged disruptions in grain exports to the Black Sea region as 'unlikely' to lead o supply shortages. Prices of corn and soybeans were up but on track to make small losses in the coming week…

This week, the number of vessels passing through Hormuz has decreased as markets focus on Iran-Oman negotiations

Posted to Maritime Reporter on August 7, 2026

Data showed that shipping traffic through the Strait of Hormuz dropped to 33 vessels between Monday and Thursday of this week, down from 50 the previous week, as markets awaited signs of progress during talks between Iran and Oman. Kpler data…

Zelenskiy: Ukraine will help farmers affected by Russian attacks

Posted to Maritime Reporter on August 6, 2026

Volodymyr Zelenskiy, the President of Ukraine, said that Ukraine would provide assistance to farmers affected by Russian attacks against shipping and port facilities. In his video address, Zelenskiy said that the measures were?developed at a meeting of the government?and would focus on the farmers…

Zelenskiy: Ukraine will help farmers affected by Russian attacks

Posted to Maritime Reporter on August 6, 2026

On Thursday, Ukrainian President Volodymyr Zelenskiy announced that his government would provide assistance to farmers affected by Russian attacks on port and shipping facilities. Zelenskiy said in his nightly video message that the measures…

Rheinmetall reduces its outlook following the failure of the frigate but still sticks to its naval goals

Posted to Maritime Reporter on August 6, 2026

German defence company Rheinmetall cut their 2026 sales forecast on Thursday but stood firm with its long-term ambitions. This was after the German Government scrapped the delayed frigate program that the company was widely expected to win.

South Korean milling company buys 36,800 tonnes of wheat from US traders, say traders

Posted to Maritime Reporter on August 6, 2026

An estimated 36,800 metric tons of milling wheat will be purchased by a South 'Korean group in an international auction this week. The purchase involved a variety of wheat types and all were purchased on a FOB basis. The tender requested shipment between December 20…

Heatwave in Europe has taken its toll on Europe. Hungary, Romania and Italy are sweltering.

Posted to Maritime Reporter on August 6, 2026

Italy, in a first-ever move, put all of its major cities under 'health alert' due to the high temperatures. Meanwhile, Hungary shut off the lights of some of its most famous buildings to conserve energy. Europe, the continent that is warming up fastest in the world…

After a collision in the South China Sea last year, two Chinese coastguard personnel were marked as "martyrs".

Posted to Maritime Reporter on August 6, 2026

Chinese authorities marked the deaths of 2 Coast Guard personnel on a frontline mission in the South China Sea in August, last year. This is the first apparent acknowledgment that there were fatalities following the high-profile collision between Chinese ships.

CEE ECONOMY - The energy crisis could have a negative impact on the nascent recovery of Hungary's industrial sector.

Posted to Maritime Reporter on August 6, 2026

Unadjusted, Hungary's industrial production rose 10.1% annually in June. It grew by 4.1% when adjusted for working days. This indicates a tentative recovery which could be dampened in the third quarter by a current energy shortage. The Danube's…

Sources say that China's CMRG has told some steel mills in China to stop talking with Rio Tinto.

Posted to Maritime Reporter on August 6, 2026

Two sources familiar with the situation said that China's state-owned iron ore buyer had instructed some steel mills not to negotiate with Rio Tinto about shipments starting in September. This was a further escalation of 'pressure' on the world's largest iron ore producer at the annual supply talks.

Sources say that China's CMRG has told some steel mills in China to stop talks with Rio Tinto regarding shipments starting September.

Posted to Maritime Reporter on August 6, 2026

Two sources claim that China's iron ore state buyer has ordered some steel mills in China to stop negotiations with Rio Tinto regarding shipments starting September. This is a further increase of pressure on the top?iron-ore producer around the world during annual supply discussions.

Gulf shipping traffic reduced after Houthis claim they attacked Saudi oil tanker

Posted to Maritime Reporter on August 6, 2026

Shipping data shows that shipping traffic in the Strait of Hormuz, and Bab-el-Mandeb?strait - the two key chokepoints for maritime traffic in the Gulf -?reduced?significantly?on?Wednesday?from?the previous?day. Shipping data from Kpler revealed that only two vessels crossed the Strait of Hormuz.

Grain exports to the Black Sea are disrupted.

Posted to Maritime Reporter on August 6, 2026

Chicago wheat futures dipped a little?on Thursday, as the expectation of an ample supply?masked the impact of the fighting between Russia and Ukraine which?is disrupting the shipments from?Black Sea. The corn and soybean futures were little changed from the previous sessions…

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