Colombia News

Damen Shipyards Group client Arrendadora Continental has been awarded a contract by the Port Authority of Puerto Quetzal to operate an additional tug, making a total of six tugs operating in the harbor on Guatemala’s Pacific coast. To fullfil its contractual responsibilities, the company will take delivery of a Damen ASD Tug 2312 later this year. The company is the largest tug operator in Guatemala. When this latest vessel is delivered, Arrendadora Continental will operate four vessels in the country.

Oil prices extended gains on Monday, with Brent heading for a record monthly rise, after Yemeni Houthis widened the Iran war by launching their first attacks on Israel.Brent futures rose 66 cents or 0.6% to $113.23 a barrel at 1031 am ET (1431 GMT) after settling 4.2% higher on Friday. U.S. West Texas Intermediate futures were up $2.2 or 2.2%, at $101.83 after gaining 5.5% in the previous session.Brent has soared by about 58% this month, the steepest monthly jump in LSEG data going back to 1988, exceeding gains made during the 1990 Gulf War. U.S.

The surge in the spot price of liquefied natural gas (LNG) has dragged seaborne thermal coal prices higher, but only for the higher quality grades that can substitute for natural gas in power generation.The spot price of LNG in Asia more than doubled last week as the market digested the loss of nearly 20% of the global supply of the super-chilled fuel after the U.S. and Israeli strikes on Iran effectively closed the Strait of Hormuz, shutting off Qatar's LNG.LNG for delivery to…

SAAM closed 2025 with record financial performance, underscoring the continued strength of its harbor towage business across the Americas while positioning the company for further international expansion. For a company that has spent the past several years reshaping its business model and sharpening its strategic focus, the results signal both operational momentum and growing scale in the global tug market.The Chile-based maritime services provider reported net income of $80.4 million for 2025, while EBITDA reached $216.9 million, representing a 15% increase compared to the previous year.

Captain Vladimir Motin was sentenced to six years’ jail on February 2 after being found guilty of “gross negligence manslaughter” for his role in the container ship Solong’s ramming of the anchored tanker Stena Immaculate in March 2025.The circumstances of his case, heard at the Old Bailey in London, are different to those of Ali Albokhari, currently serving a 30-year term in a Turkish jail, but the contrast that is even more apparent is the mismatch in due process and access to justice…

"In 2025, seaborne coal shipments to China fell 10% as domestics supply increased and demand from steel manufacturing and electricity generation weakened. The decline affected shipments out of Indonesia, the US, Australia and Colombia in particular,” says Filipe Gouveia, Shipping Analysis Manager at BIMCO.China is the world’s largest importer of coal and the destination of 28% of seaborne coal shipments, which account for 4% of dry bulk tonne mile demand. Thermal coal, which is used for electricity generation…

Damen Naval has expanded Colombian involvement by contracting Georg Fischer for the PES project in LATAM. Under this project, a Damen SIGMA frigate will be built by COTECMAR, at their shipyard in Cartagena. Georg Fischer in LATAM has been contracted for the delivery of all plastic piping for the PES project.Besides the supply of plastic piping, Damen Naval’s procurement contract also includes Georg Fischer in LATAM to provide training sessions for COTECMAR staff at their yard in Colombia. This enlarges exchange of technology and knowledge under the PES project.

The Gerald Ford aircraft carrier strike group has moved into the Latin America region, U.S. officials said on Tuesday, dramatically escalating a military buildup that has deepened tensions withVenezuela.President Donald Trump ordered the deployment of the Ford last month, adding to the eight warships, a nuclear submarine and F-35 aircraft already in the Caribbean.The Ford, which was commissioned in 2017, is the United States' newest aircraft carrier and the world's largest, with more than 5…

Towage company SAAM posted net income of US$64 million for the nine months ended September 30, 2025, 48% more than the same period last year.EBITDA reached $158 million (+15%) and revenue totaled $463 million (+8%).The third quarter figures were particularly positive compared to the previous year, with profit of $24 million (+97%), revenue of $161 million (+12%) and EBITDA of $58 million (+23%)."We had record earnings this quarter, thanks to increased activity and a better mix of services, combined with greater operational efficiencies in our two business areas: towage and air logistics.

U.S. Senate Judiciary Committee Democrats on Wednesday asked the Justice Department to hand over all legal opinions its attorneys have produced to assess the legality of the military's 13 deadly strikes against suspected drug vessels that have killed about 57 people."Summarily killing criminal suspects is prohibited under domestic and international law in both peacetime and wartime," they wrote in a letter to Attorney General Pam Bondi that was seen by Reuters."These recent strikes…

A series of U.S. strikes against suspected drug vessels in the eastern Pacific killed 14 alleged drug traffickers and left one survivor, U.S. Defense Secretary Pete Hegseth said on Tuesday, the latest operation in President Donald Trump's counter-drug campaign.The strikes in the Pacific come against the backdrop of a U.S. military buildup in the Caribbean that includes guided-missile destroyers, F-35 fighter jets, a nuclear submarine, and thousands of troops. The administration has ordered the Ford carrier strike group to the region…

President Donald Trump dramatically escalated a U.S. military buildup in the Caribbean on Friday by deploying the Gerald Ford aircraft carrier group to Latin America, a show of force that far exceeds any past counter-narcotics need and represents Washington’s most muscular move yet in the region.The deployment is part of Trump's military buildup in the Caribbean, which includes eight additional warships, a nuclear submarine and F-35 aircraft. It is likely to raise concern in the…

The U.S. military killed five alleged drug smugglers in strikes against two vessels in the eastern Pacific Ocean, U.S. Defense Secretary Pete Hegseth said on Wednesday, in an expansion of the Trump administration's use of the armed forces in its counter-narcotics campaign.On Wednesday afternoon, Hegseth said the military attacked a vessel in the eastern Pacific Ocean and killed two men on Tuesday. It was the first known U.S. military operation in the Pacific since President Donald Trump kicked off a new offensive against the drug trade.Hours later…

The U.S. military killed two alleged drug smugglers in a strike against a vessel in the Eastern Pacific Ocean, U.S. Defense Secretary Pete Hegseth said on Wednesday, an attack that expands the Trump administration's use of the military in its counter-narcotics campaign.The strike is the first known U.S. military operation in the Pacific since President Donald Trump started a new military offensive against the drug trade that has led to at least seven strikes in the Caribbean and dramatically raised U.S.

U.S. forces attacked a vessel associated with a Colombian leftist rebel group, Defense Secretary Pete Hegseth said on Sunday, the same day President Donald Trump called Colombian President Gustavo Petro an "illegal drug leader" and said payments to the South American nation would cease.Trump's comments marked a new low in relations between Bogota and Washington, which have frayed since Trump returned to office in January and since his administration launched a series of strikes…

Sanmar Shipyards celebrated the delivery of the RAmparts 2400SX-MKII design tug UT PATZCUARO to Americas operator Ultratug at a ceremony held at its Altinova Shipyard on October 6, 2025, following the completion of closing in Tuzla earlier the same day. The delivery marks the first tugboat built by Sanmar for Ultratug.The ceremony was attended by Cem Seven, Chairman, Ali Gürün, Vice Chairman & CEO, with members of Sanmar’s management and employees. From Ultratug, the delegation included Jan Vermeij…

The criminalization case of Syrian-born, Finnish citizen and Chief Mate Ali Albokhari sentenced to a 30-year prison term for allegedly being part of the smuggling of cocaine from Columbia continues to be fought against by his wife, Elena Albokhari.Ali Albokhari denies the charges. He remains the only crewmember of the Phoenician-M vessel remaining in prison after their 2023 arrest in the Turkish port of Eregli.Captain Marko Bekavac, also detained, was able to return home to Croatia…

Israeli forces stopped 14 boats carrying foreign activists and aid bound for Gaza, flotilla organisers said on Thursday, but 23 boats are continuing to sail towards the war-ravaged Palestinian enclave, according to the flotilla's tracking system.A video from the Israeli foreign ministry verified by Reuters showed the most prominent of the flotilla's passengers, Swedish climate campaigner Greta Thunberg, sitting on a deck surrounded by soldiers."Several vessels of the Hamas-Sumud flotilla have been safely stopped and their passengers are being transferred to an Israeli port…

Venezuelan President Nicolas Maduro offered to engage in direct talks with the administration of U.S. President Donald Trump days after the first U.S. strike on a boat from the South American country that Trump says was carrying drug traffickers.In a letter to Trump that was viewed by Reuters on Saturday and published by Venezuela on Sunday, Maduro rejected U.S. claims that Venezuela played a big role in drug trafficking, noting that just 5% of drugs produced in Colombia are shipped through Venezuela - of which he said 70% were neutralized and destroyed by Venezuelan authorities."President…

Exmar has signed contracts with Regasificadora Del Pacífico (RDP) for the deployment of a floating storage unit (FSU) on the west coast of Colombia.RDP is developing a fast-track LNG import solution in the inner bay of Buenaventura, under a term contract signed with Ecopetrol in February of 2025 to provide regasification and logistics services for a volume of 60 MMCFD of gas.The solution will be based on the deployment of a floating LNG storage and offloading unit, where the LNG…

Tensions between the United States and Venezuela are rising amid a large U.S. naval buildup in the Southern Caribbean and nearby waters, which U.S. officials say aims to address threats from Latin American drug cartels.U.S. President Donald Trump has made cracking down on drug cartels a central goal of his administration, part of a wider effort to limit migration and secure the U.S. southern border. While U.S. Coast Guard and Navy ships regularly operate in the Southern Caribbean, this buildup is significantly larger than usual deployments in the region.A U.S.

The Indian government has extended import curbs on low-ash metallurgical coke, a steelmaking raw material, for six months starting July, a government order said on Monday, dealing a blow to steelmakers who oppose restrictions on overseas purchases.India, the world's second-largest crude steel producer, will set country-specific import quotas and cap purchases at 1.4 million metric tons from July 1 to December 31, the order said.Reuters in February reported that India could extend curbs on low-ash met coke imports to encourage local steel mills to use domestic suppliers.

Guyana's parliament passed an oil pollution bill late on Friday that holds parties liable for damages caused by oil spills, including from vessels.The bill, which passed with a majority of votes cast in a simple voice vote, is expected to soon be signed into law by President Irfaan Ali.Guyana, whose oil production is controlled by an Exxon Mobil-led XOM.N consortium is expected to surpass 900,000 barrels per day (bpd) this year. The South American country is trying to reinforce oversight of its nascent energy industry…