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July 25, 2025
European traders reported on Friday that the Turkish state grain board TMO had issued an international tender for the purchase and import of about 225,000 metric tonnes of animal feed barley. The deadline to submit price proposals in the tender is 31 July.
Posted to Maritime Reporter
on
July 23, 2025
According to three sources in the industry and LSEG's ship tracking data, a tanker won't load fuel as planned from India’s Nayara Energy Refinery, which is under sanctions. This vessel will be the second to alter its plans after the European Union restrictions.
Posted to Maritime Reporter
on
July 16, 2025
A study by top law firms found that high interest rates may encourage mergers and acquisitions in Russia, even though Western sanctions and a lack of liquidity among buyers will likely limit growth for the time being. The study found that the…
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on
July 10, 2025
Four EU diplomats say that the European Commission will likely propose a floating Russian crude oil price cap as part of a draft new sanctions package this week in an effort to overcome the opposition of some member states. In its 18th package of sanction against Russia…
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July 10, 2025
After international wheat sales fell to their lowest levels since 2008, the Russian government has ordered measures to boost agricultural exports. Meanwhile, traders report that new crops are slow to arrive at Black Sea terminals. Sovecon estimates that July wheat exports will be between 2…
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July 1, 2025
Four traders reported on Tuesday that the premiums for ESPO blend crude oil shipping from Russia's Kozmino Port late in July or early August to China are unchanged compared with those for earlier in the month. The Chinese said that the premium over ICE Brent was greater than $2 per barrel…
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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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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.
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on
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
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
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 6, 2025
A local official announced on Friday that the harvesting campaign had begun in Crimea earlier than expected. The goal is to collect 1,1 million metric tons, including 900,000.00 tons of wheat. The latest crop forecast for Crimea is lower than last year's 1.5 million ton harvest.
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June 4, 2025
European traders reported that Jordan's state grain purchaser purchased approximately 60,000 metric tonnes of animal feed barley in an international bid seeking up to 122,000 tons on Wednesday. The trading house Al Dahra was reported to have…
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on
June 12, 2025
Four sources with knowledge of the situation said that most countries in the Group of Seven are willing to lower the G7 cap on Russian oil if the U.S. president Donald Trump opts out. The G7 leaders will meet in Canada on June 15-17 to discuss the price caps first agreed upon in late 2022.
Posted to Maritime Reporter
on
June 12, 2025
Four sources with knowledge of the situation said that most countries in the Group of Seven are willing to lower the G7 cap on Russian oil if the U.S. president Donald Trump opts out. The G7 leaders will meet in Canada on June 15-17 to discuss the price caps first agreed upon in late 2022.
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May 26, 2025
Maxim Reshetnikov, the Russian Economy Minister, urged on Monday that central banks take into consideration slowing inflation when they meet next week to set interest rate. He warned that Russia's cooling economic is showing signs "hypothermia".
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May 23, 2025
Sovcomflot, Russia's largest tanker company, suffered a $393 million net loss in the first three months of the year. The group blamed the decline on the new Western sanctions, which have caused operational issues, reduced revenues, and the idleness of some sanctioned ships.
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May 22, 2025
Francois-Philippe champagne, Canada's finance minister, said that discussions about tariffs were held during the G7 meeting of financial leaders. This was despite the fact that they had been mentioned in the final communiqué. At the conclusion of the meeting…
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May 22, 2025
An official from Europe said that on Thursday, the United States was "not convinced" by the idea of lowering the price cap for Russian crude oil set by the Group of Seven Nations (G7). The European Union proposed lowering the cap to a level indicative of $50 per barrel.
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May 22, 2025
Four market sources have confirmed that Russia, the largest wheat exporter in the world, has removed the minimum price recommendation for grain exporters until the end the export season, which is July 1. Sources said that the initial minimum price for May and Juni was $250 per metric ton.
