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Tuesday, March 25, 2025

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Kremlin: Russia has agreed to guarantee safe navigation on the Black Sea

Posted to Maritime Reporter on March 25, 2025

The Kremlin announced on Tuesday that Moscow has agreed to guarantee safe navigation in Black Sea provided Western sanctions against companies exporting food and fertilizer are lifted. The United States and Russia have also agreed on measures…

Zelenskiy, Ukraine's Zelenskiy, says that the Black Sea and energy ceasefire is effective immediately

Posted to Maritime Reporter on March 25, 2025

Volodymyr Zelenskiy, the Ukrainian president, said that the truce over the Black Sea and the energy infrastructure took effect immediately on Tuesday. He also stated that if Moscow violated the agreements he would ask Donald Trump for more weapons and sanctions against Russia.

Ukraine accepts ceasefire agreement brokered by the US

Posted to Maritime Reporter on March 25, 2025

Ukraine's Defence Minister said that Kyiv had agreed to the two ceasefires with Russia announced by the United States Tuesday, and that Kyiv welcomed third countries who would support the implementation of these accords. The United States announced…

Trump will impose a 25% tariff on countries who buy oil and gas from Venezuela

Posted to Maritime Reporter on March 24, 2025

Donald Trump, the U.S. president, said Monday that any country buying oil or gas in Venezuela would be charged a 25% duty on all trades with the United States. The "secondary tariffs" will go into effect on April 2nd, Trump stated in a Truth Social posting.

US delegation seeks Black Sea ceasefire for Ukraine and Russia

Posted to Maritime Reporter on March 23, 2025

After discussions with Ukrainian diplomats on Sunday, a U.S. delegation will meet with Russian officials to discuss progress towards a Black Sea ceasefire as well as a wider cessation in violence in the Ukraine war. The so-called "technical talks" come as U.S.

CME to launch new wheat futures for Romania/Bulgaria, say traders

Posted to Maritime Reporter on March 21, 2025

CME Group, a financial markets operator, is developing plans to create a Black Sea Wheat Futures Contract that tracks Romanian and Bulgarian wheat prices. CME, the company that has U.S. Corn, Wheat and Soybean Futures that serve as global benchmarks for prices…

Spiegel reports that Germany has confiscated a tanker belonging to the Russian "shadow fleet".

Posted to Maritime Reporter on March 21, 2025

Spiegel, citing anonymous security sources, reported that Germany had confiscated an old tanker, found drifting off its northern coast, believed to be a part of the shadow fleet Russia used to circumvent oil sanction. German authorities seized the Panama-flagged vessel…

Spiegel reports that Germany has confiscated a tanker belonging to the Russian "shadow fleet".

Posted to Maritime Reporter on March 21, 2025

Spiegel, citing anonymous security sources, reported that Germany had confiscated an old tanker, found drifting off its northern coast, believed to be a part of the shadow fleet Russia used to circumvent oil sanction. German authorities seized the Panama-flagged vessel…

Turkey receives offers for 18,000 T of sunflower oil, traders report

Posted to Maritime Reporter on March 20, 2025

Traders said that the lowest price in Turkey's tender by TMO, Turkey's grain board, to buy about 18,000 tons of crude sunflower oil, was $1,209 per metric ton, c&f. They said that the offer is believed to have come from the company Yayla, for 6…

Turkey announces a 1 million ton corn import quota

Posted to Maritime Reporter on March 19, 2025

The Turkish government announced on Wednesday a 1,000,000 metric ton limit for the import of animal feed corn. This was published in the Turkish Official Gazette. Imports within the quota are allowed at a lower customs duty. Last summer, Turkey…

What is Crimea?

Posted to Maritime Reporter on March 18, 2025

The Crimean Peninsula, which Russia took from Ukraine in 2014., is the focal point of the most serious East-West conflict since the Cold War. It was widely believed that the fate of Crimea, and four provinces in which Russia has taken territory since it invaded Ukraine in 2022…

VTB CEO: Deal between VTB and Rosneft over Zvezda Shipyard dead

Posted to Maritime Reporter on March 18, 2025

VTB CEO Andrei Kostin announced on Tuesday that the deal for VTB to buy the Zvezda Shipbuilding Yard from Rosneft has fallen through because VTB-owned United Shipbuilding Corporation cannot finance the purchase. VTB currently runs USC, Russia’s largest shipbuilder.

Cyprus recovers seven dead bodies after a migrant boat capsizes

Posted to Maritime Reporter on March 17, 2025

Cyprus's national broadcaster reported that seven bodies were recovered from the sea off Cyprus after authorities launched a search-and-rescue operation in response to a capsize of a boat containing migrants. The broadcaster reported that an unspecified number were believed to have gone missing.

Oil prices rise on US attacks on Houthis and China's economic hopes

Posted to Maritime Reporter on March 17, 2025

The oil prices rose on Monday as the United States pledged to continue attacking the Houthis in Yemen until they stop their attacks on shipping. Meanwhile, Chinese economic data fueled hopes of higher demand. Donald Trump, the President of the United States…

Russell: Crude oil battle for market share may start in Asia

Posted to Maritime Reporter on March 11, 2025

Saudi Arabia and Russia, the top crude oil exporters in Asia, are boosting their cargoes for the region that is world's largest importer. China, which is the largest oil importer in the world, has emerged as the ground zero of the two exporters…

Ferretti, the Italian yacht manufacturer, is looking to acquire a new boat this year

Posted to Maritime Reporter on March 10, 2025

Ferretti, the Italian yacht manufacturer, plans to acquire a company or asset this year. The Chief Executive did not specify whether it would be a brand name, a yard, or something else. Alberto Galassi, CEO of the company, told journalists that there were three files.

Data shows that Russia's fuel oil exports by sea fell in February.

Posted to Maritime Reporter on March 7, 2025

Trade and shipping data revealed that Russia's seaborne vacuum gasoil and fuel oil exports fell 15% from the previous months to around 3.3 millions metric tons in February due to lower production and weather conditions, including storms, delays and drone attacks.

Wall Street Journal, March 7, 2019

Posted to Maritime Reporter on March 7, 2025

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. SpaceX's Starship rocket exploded in the space on Thursday, just minutes after it lifted off from Texas. The FAA halted air traffic in some parts of Florida.

Russia sentences a man to 15 years in prison for spying on Ukraine's navy

Posted to Maritime Reporter on March 6, 2025

A Russian military court sentenced a man Thursday to 15-years in prison for spying on the Russian navy on behalf Ukraine. Dmitry Levin was found guilty by the office of Russia’s prosecutor general of high treason, and of being a member of a terrorist group.

US crude exports in India reached a 2-year high in February as Russia sanctions bite

Posted to Maritime Reporter on March 6, 2025

Ship tracking data revealed that U.S. crude oil exports to India reached their highest level in two years last month, as refiners sought alternatives to Russian tankers and producers after the U.S. tightened sanctions. Kpler's ship tracking data showed that the U.S.

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