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June 23, 2025
Oil prices dropped 1% on Monday, after reaching a five-month peak. Markets were trying to gauge the effect of U.S. airstrikes on Iran over the weekend on the transit of oil and natural gas through the Strait of Hormuz. Brent crude futures fell 70 cents or 0.9% to $76.31 per barrel at 10:46 am ET.
Posted to Maritime Reporter
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June 23, 2025
Data provided by Italian authorities shows that Italy has frozen Russian assets worth around 2.3 billion euro ($2.64 billion), with the latest seizures taking place at the beginning this month. Italy has seized bank accounts, yachts, luxury…
Posted to Maritime Reporter
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June 21, 2025
The Russian Embassy in Mexico announced on Saturday that it was ready to share its energy technologies and supply Mexico with liquefied gas. "We already work with Mexico." "We have excellent LNG technology, and we're ready to share this technology and supply LNG too…
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June 20, 2025
Thyssenkrupp's CEO Miguel Lopez received a five-year extension, the German conglomerate announced on Friday. The company also set a date in the summer for an extraordinary general assembly to allow shareholders to approve the planned listing.
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June 20, 2025
The team announced that Peter Burling, a three-time America's Cup winner and helmsman of New Zealand's Luna Rossa, has left New Zealand to join the Italian team Luna Rossa ahead of the 2027 edition sailing's most prestigious event. The 38th America's Cup will be held in Naples, Italy.
Posted to Maritime Reporter
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June 20, 2025
Maersk, a container shipping company, announced on Friday that it temporarily suspended vessel calls to Israel's Haifa Port due to regional tensions. The Danish company stated that it had not experienced any other disruptions in its planned operations in the area.
Posted to Maritime Reporter
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June 20, 2025
Trade and shipping data revealed that Russia increased its seaborne fuel oil exports and vacuum gasoil to India and Turkey during May, as the falling oil prices attracted buyers and the hot summer season demanded more fuel. The oil price fell…
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June 19, 2025
China's military condemned on Friday the sailing of a British ship through the Taiwan Strait, saying that it was a deliberate effort to "cause troubles", and undermined the peace and stability in this region. The Royal Navy of Britain said that…
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June 19, 2025
The company announced on Thursday that the Dubai-based oil trading firm 2Rivers (formerly Coral Energy) has stopped its trading activities due to UK sanctions. Western powers have imposed sanction on Russia's traders and fleet, accusing them…
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on
June 18, 2025
Shell CEO Wael Sawan stated on Thursday that the oil and natural gas giant was "very cautious" about its shipping through Middle East due to the escalating conflict in the Middle East between Israel and Iran. Thursday, the Iran-Israel air conflict entered its seventh day.
Posted to Maritime Reporter
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June 18, 2025
Air India Chairman N. Chandrasekaran stated on Wednesday that the Boeing Dreamliner that crashed last week with 242 passengers on board had a clean history of engines. Chandrasekaran told Indian broadcaster Times Now that Air India Flight 171's left engine had last been serviced in 2023…
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June 18, 2025
Serie A CEO Luigi De Siervo cited illegal streaming and the lack of TV revenues as a reason for Italy's struggle to develop homegrown talent, as the Azzurri try to return to World Cup after 2014. Italy, once a regular fixture at the World Cup and four-times champions…
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June 18, 2025
Ares Management, the Wall Street investment giant, has entered into a partnership with Real Madrid's Kylian Mbappe. The two have acquired a minor stake in France SailGP Team - where old rivals find themselves suddenly in the same boat. The $546 billion asset management company…
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June 17, 2025
Taiwan has completed its maiden sea test for its first submarine developed domestically on Tuesday. This is a major milestone in a project that aims to strengthen deterrence and protect vital sea routes in case of war. Taiwan, which China claims…
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June 17, 2025
Taiwan signed a partnership agreement on Tuesday with U.S.-based Auterion and German-based Auterion to provide drone software that has been tested in Ukraine. The deal will help Taiwan strengthen its defences against the growing military threat from China, which is a giant neighbor.
Posted to Maritime Reporter
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June 16, 2025
Ocean racing fans will be happy to hear that Itajai, Brazil's port for the Southern Ocean Leg finish in 2027 and 2030 has been confirmed by The Ocean Race. Santa Catarina's coastal hotspot has become a favourite stopover on the route around the world…
Posted to Maritime Reporter
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June 16, 2025
The Ligue 1 club announced on Monday that Luis Castro has been appointed as the new manager of Nantes. He signed a contract for two years with an additional year option, having gained a reputation at the second-tier Dunkerque. Castro has managed Ligue 2 club Dunkerque the last two seasons.
Posted to Maritime Reporter
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June 16, 2025
Euronext wheat dropped on Monday, approaching contract lows. Market attention was shifted from the military escalation taking place in the Middle East to the tough competition for exports and the large harvests expected in the Northern Hemisphere.
Posted to Maritime Reporter
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June 16, 2025
Euronext wheat dropped on Monday, approaching contract lows. Market attention was shifted from the military escalation taking place in the Middle East to the tough competition for exports and the large harvests expected in the Northern Hemisphere.
Posted to Maritime Reporter
on
June 16, 2025
The electric raceboat team of DJ Steve Aoki won the Adriatic at the weekend. It was their second victory this season, and they surpassed Rafa's outfit to take the E1 Championship standings. Aoki Racing Team 2025 has added former Formula 1 test driver Dani Clos to its team.
