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US gasoline stockpiles hit 2-year low on stronger demand, EIA says

Posted to Maritime Reporter on October 30, 2024

The Energy Information Administration (EIA), which is responsible for the U.S. government's energy policy, announced on Wednesday that U.S. gasoline inventories fell to their lowest level in two years last week due to increased demand. Crude…

French Naval vessel passes through Taiwan Strait

Posted to Maritime Reporter on October 29, 2024

The Taiwan Defence Ministry announced on Tuesday that a French naval vessel had passed through the Taiwan Strait. This was the latest Western country to make a trip through this strategic waterway. Around once a year, the U.S. Navy, sometimes accompanied by ships of allied nations…

US Navy wants to arm ships Patriot missiles in response to China's hypersonic weaponry

Posted to Maritime Reporter on October 25, 2024

Two senior defense officials have said that the U.S. Navy fears China will use hypersonic weapons in the Pacific to sink ships. They are moving ahead with a plan of arming some of their vessels with Patriot missiles. According to an industry official…

US and Canadian navies sail past Taiwan Strait a week after wargames

Posted to Maritime Reporter on October 20, 2024

On Sunday, a U.S. warship and a Canadian one sailed together through the Taiwan Strait less than a fortnight after China held a series of new war games on the island. Beijing had denounced the mission as "disruptive". Once a month, the U.S.

US and Canadian navies sail past Taiwan Strait a week after wargames

Posted to Maritime Reporter on October 20, 2024

On Sunday, a U.S. warship and a Canadian one sailed together through the Taiwan Strait less than a fortnight after China held a series of new war games on the island. Beijing had denounced the mission as disruptive. Once a month, the U.S. Navy…

SailGP teams will be using faster T-shaped foils from 2025

Posted to Maritime Reporter on October 13, 2024

SailGP said that it plans to equip its fleet of F50 mono-design boats, starting next year with a new foil type, in order to increase the speed and tighten the racing. The organizers of the global racing circuit's fifth season, which begins in Dubai next month…

Trade sources claim that Trader Vitol is selling Venezuelan oil to Indian refiners.

Posted to Maritime Reporter on October 8, 2024

Trade sources reported that two Indian state refiners bought 2,000,000 barrels of Venezuelan oil from Vitol, for delivery in November. This is despite the fact that Venezuelan crude shipments continue to increase to what was previously Venezuela's second-largest oil market.

Shipping stocks slide after US port strike ends

Posted to Maritime Reporter on October 3, 2024

Shipping shares fell across Asia Friday, after U.S. port operators and workers reached an agreement to end the strike at docks on the East Coast and Gulf Coast much sooner than expected. Evergreen Marine, Wan Hai Lines, and Yang Ming Marine…

Cambodia welcomes US Navy to port that was expanded with China’s help

Posted to Maritime Reporter on October 1, 2024

The Pentagon fears that the base will be used by the Chinese to establish an outpost in Cambodia. Sun Chanthol, the Deputy Prime Minster of Cambodia, told an event organized by a Washington think-tank that military from any country could visit the port after the base was completed.

Data shows that a sanctioned LNG tanker passes through the Suez Canal.

Posted to Maritime Reporter on September 30, 2024

LSEG data revealed on Monday that the Pioneer tanker sanctioned by America for its links with Russian-sourced liquefied gas (LNG) has passed through Suez Canal carrying an LNG cargo. It was not immediately known where the LNG-flagged Pioneer would be heading or what its source was.

Mexico's Pemex ships first fuel export from brand-new Olmeca refinery to India

Posted to Maritime Reporter on September 27, 2024

expenses, according to shipping data and industry sources. ends on Sept. wean Mexico off pricey motor fuel imports. Sept. 11, according to information from ship-tracking service Kpler. from Corpus Christi in Texas on Sept. 15, the data showed. production of different items such as glass or steel.

China's Coast Guard says Philippine vessel brought supplies to Second Thomas Shoal

Posted to Maritime Reporter on September 27, 2024

China's coastguard said that the Philippines sent on Friday a civilian vessel to ferry daily essentials to a ship at Second Thomas Shoal, which Beijing claims was "beached illegally" in the disputed waters of the South China Sea. The coast guard…

US official: Chinese nuclear-powered sub sank in the first half of this year

Posted to Maritime Reporter on September 26, 2024

A senior U.S. official confirmed on Thursday that China's latest nuclear-powered attack sub sank in the first half of this year. This could be an embarrassment to Beijing, which is seeking to increase its military capabilities. China has already…

EU wheat prices ease after rally, as Black Sea supplies assessed

Posted to Maritime Reporter on September 24, 2024

Euronext wheat prices fell on Tuesday after consolidating a rally the previous day. Traders weighed weather and war risk to Black Sea supplies against signs that Russia, Ukraine and other exporters continue to dominate markets at lower prices.

Yemen Vice President: New strategy required to contain Houthis

Posted to Maritime Reporter on September 24, 2024

Yemen's Vice-President stated on Tuesday that the escalation of Middle East hostilities has made it more urgent for regional and global stakeholders to develop a new strategy in order to contain the increasingly well armed Houthi rebels who are backed by Iran.

EU wheat prices pause after rally, Black Sea supply is assessed

Posted to Maritime Reporter on September 24, 2024

Euronext wheat prices fell on Tuesday after consolidating a rally the previous day. Traders weighed weather and war risk to Black Sea supplies against signs that Russia, Ukraine and other exporters continue to dominate markets at lower prices.

North Korea's sister claims that the US is increasing its nuclear submarine threats

Posted to Maritime Reporter on September 24, 2024

Kim Yo Jong - the powerful sister to North Korean leader Kim Jong Un - has criticised the presence in Busan of a U.S. submarine, according to state media KCNA. Kim said it was a sign of U.S. desire to "show off its nuclear strategic assets and increase threats", as reported by KCNA.

Interfax reports that the Russian Black Sea Fleet's Aviation division has conducted sea and air exercises.

Posted to Maritime Reporter on September 23, 2024

Interfax reported Monday that the Russian Black Sea Fleet's aviation division conducted combat drills to destroy unmanned targets at sea and in the air over Black Sea. The agency quoted the ministry to say that "the combat mission tasks were performed in the darkness…

Quad group increases maritime security cooperation during Biden's Farewell Summit

Posted to Maritime Reporter on September 21, 2024

As outgoing U.S. president Joe Biden hosted his counterparts from the Quad, which was formed due to shared concerns regarding China, the leaders of Australia, India and Japan expanded their joint security measures in Asia's richly traded waters.

Biden: China's aggressive behaviour continues in the South China Sea, Taiwan Strait

Posted to Maritime Reporter on September 21, 2024

U.S. president Joe Biden stated on Saturday that China is continuing to "behave aggression" in the South China Sea, Taiwan Strait, and President Xi Jinping uses diplomacy to advance China's interests. Biden made the comments during the Quad Leaders summit in Wilmington, Delaware.

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