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Thursday, March 27, 2025

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Rubio: US to evaluate Russian demands on Black Sea ceasefire

Posted to Maritime Reporter on March 26, 2025

Marco Rubio, the U.S. Secretary for State, said that on Wednesday. The United States would evaluate any demands made by Russia following its "in principle agreement" with a ceasefire negotiated by the United States in order to ensure safe navigation through Black Sea.

Nutrien does not expect any major impacts from the Black Sea deal

Posted to Maritime Reporter on March 26, 2025

Nutrien stated on Wednesday that it does not believe the proposed Black Sea Shipping Deal between Ukraine, Russia, and the U.S. would have a significant impact on the North American or Global Fertilizer Market this year. Nutrien spokesperson…

UN: Black Sea freedom of Navigation is crucial for global food security

Posted to Maritime Reporter on March 26, 2025

A deal on the freedom of navigation of ships and ports in the Black Sea, which would ensure the safety of civilian vessels as well as port infrastructures, "will make a significant contribution to the global food supply chain and security," said Stephane Dujarric…

Black Sea deal unlikely boost Russian food exports short-term

Posted to Maritime Reporter on March 26, 2025

Analysts and industry sources say that a potential agreement to ease restrictions on Russia’s access to international agriculture markets, hailed by Washington and Moscow, will not have a significant impact on the global food supply. The U.S.-brokered deal…

UN: Black Sea freedom of Navigation is crucial for global food security

Posted to Maritime Reporter on March 26, 2025

A deal on the freedom of navigation of ships and ports in the Black Sea, which would ensure the safety of civilian vessels as well as port infrastructures, "will make a significant contribution to the global food supply chain and security," said Stephane Dujarric…

Officials say that Russia has launched a drone attack against a Ukrainian port which provides access to the Black Sea.

Posted to Maritime Reporter on March 26, 2025

The Russian drone attacked the Ukrainian port city of Mykolaiv, which provides access to the Black Sea for the country. It also struck Kryvyi Rih. Ukrainian officials claimed that this was the biggest drone strike on the city in the war. On Tuesday…

Russia claims to have shot down two Ukrainian drones in the Black Sea

Posted to Maritime Reporter on March 26, 2025

The Russian Defence Ministry said that Russian units had destroyed nine Ukrainian drones over night, including two in the Black Sea. On Tuesday, the United States and Russia reached separate agreements to stop their airstrikes over the Black Sea as well as against each other's targets in energy.

TASS reports that a Russian Navy submarine launched missiles during drills in the Sea of Japan.

Posted to Maritime Reporter on March 26, 2025

The Russian state news agency TASS reported that a submarine of the Pacific Fleet of Russia conducted drills on the Sea of Japan. It launched cruise missiles against sea and coastal targets. "During an exercise scheduled, the diesel-electric…

Lavrov: Black Sea deal is aimed at Moscow to make profit and ensure food safety.

Posted to Maritime Reporter on March 25, 2025

In remarks published late Tuesday, Russian Foreign minister Sergei Lavrov stated that the Black Sea maritime security agreement aims to return Moscow to predictable grain markets and fertiliser markets which would allow for profit while ensuring global food security.

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…

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…

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.

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…

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