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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.

Sources: Bahrain's BAPCO has sent its first diesel cargo to Australia for two-and-a half years.

Posted to Maritime Reporter on December 23, 2025

Bahrain's only oil refiner BAPCO Energies shipped its first diesel cargo in Australia for nearly two-and-a half years. This was based on data from shiptrackers, three sources of trade, and other sources. The company is ramping up production and exports as part of a capacity expansion.

Ainslie signs Oakley Capital agreement to fund British America’s Cup bid

Posted to Maritime Reporter on December 23, 2025

British sailor, Ben 'Ainslie, has secured the funding he needs to run his America's Cup 2027 campaign. He announced a deal with Oakley Capital Tuesday following a stressful phase?in a mission to?bring the Cup back home. Ainslie’s Athena Racing…

After rally, grain prices ease after the Russia-Ukraine War.

Posted to Maritime Reporter on December 22, 2025

Chicago?wheat fell for the first time in four sessions on Tuesday. However, losses were limited due to concerns about an escalation of the Russia-Ukraine conflict disrupting supplies. Corn was flat, but soybeans were up. A grain trader in Singapore…

Trump announces plans for new 'Trump class' battleships that will boost US naval power

Posted to Maritime Reporter on December 22, 2025

Donald Trump, President of the United States, announced plans on Monday to build a new class of battleships, larger, faster, and "100 times stronger" than anything before. The goal is to cement U.S. Naval dominance. He said that the project would be eventually expanded to include?20-?25 new vessels.

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

Posted to Maritime Reporter on December 22, 2025

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

Panama: US tanker that intercepted Venezuelan-related tanker did not comply with maritime rules

Posted to Maritime Reporter on December 22, 2025

The Panamanian foreign minister announced?on Monday? that an?American?tanker was recently intercepted?by Panama. The Panamanian flagged vessel violated the maritime laws of the country and disconnected its transponder as it sailed out of Venezuelan waters with a crude cargo.

EU wheat continues to rebound amid Black Sea War concerns

Posted to Maritime Reporter on December 22, 2025

Euronext wheat increased for a third day on Monday, continuing a recovery from the contract lows. Attacks by Ukraine and Russia against each other's Black Sea coasts led to some short-covering. The most active contract, March?wheat on Paris' Euronext exchange…

US suspends leases on five offshore wind projects due to radar concerns

Posted to Maritime Reporter on December 22, 2025

Department of the Interior announced on Monday that the Trump administration has suspended the?lease for five large-scale offshore wind projects under construction due to national?security concerns. The Department said that the move was made…

Alinghi returns as America's Cup partners are named

Posted to Maritime Reporter on December 22, 2025

Alinghi will return for the 2027 America's Cup. Organisers of the competition confirmed on Monday that the Swiss outfit was one of at least five teams comprising a new America's Cup Partnership. Alinghi announced in April that they would cease…

China calls the US seizure and detention of ships an 'international law violation'

Posted to Maritime Reporter on December 22, 2025

China's Foreign Ministry said on Monday that the seizure by the United States of another country's vessels was a'serious violation of international law', after the U.S. stopped a China bound oil tanker near the Venezuelan coastline. China's Lin Jian…

Officials say that a drone attack by Ukraine has damaged two vessels in Russia’s Krasnodar.

Posted to Maritime Reporter on December 21, 2025

Regional authorities in Russia's Krasnodar Region said that a Ukrainian drone attack damaged two vessels and two piers, as well as causing a fire, on the Black Sea Coast. The Krasnodar operational headquarters announced on the Telegram app that…

Officials say that the US is pursuing a third oil tanker near Venezuela

Posted to Maritime Reporter on December 21, 2025

Officials told reporters?on Sunday that the U.S. Coast Guard was pursuing a?oil-tanker near Venezuela in international waters. This would be the third?such operation? in less than a month and the second this weekend. The official said that the tanker had been sanctioned.

Macron to troops in Gulf: France will build new aircraft carriers

Posted to Maritime Reporter on December 21, 2025

Emmanuel Macron, President of France, confirmed his plans to build a larger and'more modern' aircraft carrier to replace the Charles de Gaulle carrier. This will boost France as a maritime superpower. Macron, who first touted these plans in 2020 was speaking to troops at a French base in Abu 'Dhabi…

RPT-US interdicting, seizing vessel off Venezuelan coast, officials say

Posted to Maritime Reporter on December 20, 2025

Three U.S. officials confirmed on Saturday that the United States has seized a vessel in international waters off the coast of Venezuela. This move comes just days after U.S. president Donald Trump announced an "interdiction" against all oil tankers sanctioned by Venezuela.

US interdicting, seizing vessel off Venezuelan coast, officials say

Posted to Maritime Reporter on December 20, 2025

Three U.S. officials confirmed on Saturday that the United States has seized a vessel in international waters off the coast of Venezuela. This comes just a few days after U.S. president Donald Trump declared a "blockade", which would prevent all sanctioned tankers from entering or leaving Venezuela.

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