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May 23, 2025
Sovcomflot, Russia's largest tanker company, suffered a $393 million net loss in the first three months of the year. The group blamed the decline on the new Western sanctions, which have caused operational issues, reduced revenues, and the idleness of some sanctioned ships.
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May 22, 2025
North Korea began a thorough investigation of the accident that occurred this week during the launch a warship, according to KCNA. Pyongyang said that the incident occurred on Wednesday due to a loss in balance when the vessel was launched. Sections of the bottom were crushed.
Posted to Maritime Reporter
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May 22, 2025
Francois-Philippe champagne, Canada's finance minister, said that discussions about tariffs were held during the G7 meeting of financial leaders. This was despite the fact that they had been mentioned in the final communiqué. At the conclusion of the meeting…
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May 22, 2025
An official from Europe said that on Thursday, the United States was "not convinced" by the idea of lowering the price cap for Russian crude oil set by the Group of Seven Nations (G7). The European Union proposed lowering the cap to a level indicative of $50 per barrel.
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May 22, 2025
In the absence of new supplies, the head of the Palestinian Red Crescent warned on Thursday that its operations in Gaza could cease within a few days. Its ambulance fleet is also only operating at a third capacity due to fuel shortages. Palestinian…
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May 22, 2025
After Israel allowed some trucks to pass through the border, flour and other food aid began reaching Gaza's most vulnerable residents on Thursday. However, it was not enough to compensate for the shortages that were caused by an 11 week blockade.
Posted to Maritime Reporter
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May 22, 2025
Four market sources have confirmed that Russia, the largest wheat exporter in the world, has removed the minimum price recommendation for grain exporters until the end the export season, which is July 1. Sources said that the initial minimum price for May and Juni was $250 per metric ton.
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May 22, 2025
The transport ministry announced on Thursday that the South African government had agreed to provide a 51 billion rand ($2.8billion) guarantee facility for Transnet, a state-owned logistics company in financial trouble. Transnet has been struggling…
Posted to Maritime Reporter
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May 22, 2025
After Israel allowed some trucks to pass through the border, flour and other food aid began reaching Gaza's most vulnerable residents on Thursday. However, it was not enough to compensate for shortages due an 11-week long blockade. Israel announced…
Posted to Maritime Reporter
on
May 22, 2025
Poland is investigating whether explosive devices have been planted after a Russian "shadow fleet's" ship was seen suspiciously moving near a cable connecting Poland and Sweden on Wednesday. According to Polish Prime Minister Donald Tusk, Poland will be looking into the matter.
Posted to Maritime Reporter
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May 22, 2025
Uganda's finance ministry announced that it had signed an agreement worth $800 million with the Islamic Development Bank for the support of projects, such as a railway project, which aim to boost trade in the country. The railway will link to Kenya's Standard Gauge Railway…
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May 21, 2025
State media KCNA reported that a serious accident took place on Wednesday at the launch of a North Korean warship, while Kim Jong Un attended the event. He called it a "criminal action" which could not be tolerated. Kim, who was present at the launch failure of the 5…
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May 21, 2025
Ambrey, a British maritime security company, said that a hijack signal sent by a Panamanian flagged petroleum products tanker near Iran was a false alert. Ambrey reported the incident on Tuesday, south of the busy Strait of Hormuz shipping lanes without naming "UAE-linked vessel".
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May 21, 2025
The Kremlin announced on Wednesday that Russia will defend its ships in the Baltic Sea using all available means. A recent failed Estonian attempt at seizing a tanker showed that Moscow can respond with harsh action if necessary. It was reported…
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May 20, 2025
Manila's armed services announced on Wednesday that the Coast Guard vessels from the Philippines and United States had participated in their first joint maritime exercise with air and naval units in the contested South China Sea. The Philippine Navy…
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May 20, 2025
The European Commission announced on Tuesday that the EU had adopted four sets sanctions against Russia for the war in Ukraine, including a 17th set of measures targeting Moscow's Shadow Fleet, as well as measures relating to chemical weapons and human rights, and hybrid threats.
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May 20, 2025
SailGP released its first ever docuseries, "Uncharted", on Tuesday. The three-part series focuses on Red Bull Italy SailGP's CEO Jimmy Spithill who is leading the new team in their inaugural season. SailGP, the world sailing championship, features…
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May 20, 2025
Russia accused NATO on Tuesday of committing what it described as aggressive actions in Baltic Sea, which impeded freedom of shipping. This came after Estonia attempted to seize and failed to do so a tanker. Estonia reported on Thursday, last week…
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May 20, 2025
The tyremaker announced on Tuesday that Pirelli had agreed to a new partnership with the Italian Luna Rossa Team in order to help them compete for the America's Cup in 2027 when Italy will host the event. Pirelli, a technical and official partner of the event in Naples…
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May 19, 2025
The Trump administration lifted the stop-work order that had been in place for a month on a major offshore facility planned near the coast of New York. The Norwegian energy company Equinor announced that construction on Empire Wind was allowed to resume.
