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World Bank looks at energy financing options but holds firm on equality issues

Posted to Maritime Reporter on April 25, 2025

The World Bank steering committee endorsed on Friday the lender's plans for exploring options to expand access to energy, including possible financing for nuclear power. This is in line with U.S. President Donald Trump’s directives to increase energy financing.

Canadian Finance Minister: G7 united, but tensions still remain over tariffs

Posted to Maritime Reporter on April 24, 2025

Canada's Francois-Philippe Champagne, Canada's Minister of Finance, said that the Group of Seven Industrial Democracies continues to be united. However tensions remain amongst them over the tariffs imposed by the U.S. Champagne said at a briefing…

Canadian Finance Minister: G7 is united, but tensions still remain over tariffs

Posted to Maritime Reporter on April 24, 2025

Canada's Francois-Philippe champagne, Canada’s Finance Minister said Thursday that the Group of Seven biggest economies remain united but there are tensions between them over the tariffs imposed by the United States. Champagne said at a briefing…

What is Crimea?

Posted to Maritime Reporter on April 24, 2025

The Crimean Peninsula, which Russia took from Ukraine in 2014., is the focal point of the most serious East-West standoff that has occurred since the Cold War. This issue led to a clash between U.S. president Donald Trump and President Volodymyr Zelenskiy on Tuesday.

Braun

Posted to Maritime Reporter on April 22, 2025

It's easy to miss the recent shift in the global wheat market narrative. The world's exportable wheat supply is not expected to drop to a multi-year low in 2024-25, as was predicted by recent trends. The relief may only be temporary. The upcoming harvests of wheat in Russia and Ukraine…

Financial Times - April 21

Posted to Maritime Reporter on April 21, 2025

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these stories. Estonia warns that lifting Russia sanctions would harm EU taxpayers. The British Finance…

Russia claims new Estonian legislation is a threat to Baltic shipping security

Posted to Maritime Reporter on April 17, 2025

Maria Zakharova, spokeswoman for the Russian Foreign Ministry, said that Estonians' adoption of legal changes allowing their navy to use force on foreign vessels is a provocative act that puts shipping and security at risk in the Baltic Sea.

Equinor stops offshore construction for Empire Wind Project in the US

Posted to Maritime Reporter on April 17, 2025

Equinor, a Norwegian company, will stop offshore construction on its Empire Wind I in New York State following an order to cease work from the U.S. The company announced on Thursday that Interior Secretary Doug Burgum had issued a stop-work order.

Chevron's Venezuelan crude oil cargoes are stuck at sea following export cancellations

Posted to Maritime Reporter on April 11, 2025

Two sources familiar with the situation said that at least two vessels chartered by Chevron to transport Venezuelan crude are stranded in Venezuelan waters because the state oil company PDVSA canceled their export authorizations following the U.S.

VW's quarterly results fall due to US tariffs, EU Carbon Rules, and restructuring

Posted to Maritime Reporter on April 9, 2025

Volkswagen has said that uncertainty over tariffs imposed by President Donald Trump in the United States was one of the reasons for its operating results falling to 2.8 billion euro ($3.07 billion), from 4.6 billion dollars, last year. The results…

EU tariffs will curb US corn imports; soy is less at risk now

Posted to Maritime Reporter on April 9, 2025

The European Union's counter-tariffs against U.S. products, which will be implemented next week, are expected to stop a large amount of U.S. grain from reaching Europe and increase costs for buyers who want to find alternative sources of feed grain.

US bill creates fund for oil sanctions against Russia's ghost Fleet

Posted to Maritime Reporter on April 9, 2025

Two U.S. Senators, both from the Democratic and Republican parties, introduced legislation on Wednesday that establishes a Fund to enforce sanctions against Russia's so-called "ghost fleet" of oil tankers it relies on in order to avoid Western sanctions due to its war with Ukraine.

Sources say that Black Sea CPC blend oil exports for April were revised down to 1.6 millions bpd.

Posted to Maritime Reporter on April 7, 2025

Two sources reported on Monday that the Black Sea CPC blend oil exports were reduced to 1.6 millions barrels per day (or 6.2 million tons) from 1.7million bpd as outlined in the preliminary plan. Caspian Pipeline Consortium exports Kazakhstan's and Russia's crude oil via the Black Sea.

Ukraine reports three injured in the overnight Russian attack on Mykolaiv

Posted to Maritime Reporter on April 6, 2025

Ukraine's officials reported that three women were injured, and several fires started in the aftermath of a Russian air strike on Mykolaiv, a region located in southern Ukraine. Vitaly Kim, the governor of Mykolaiv, posted on Telegram that the attack…

Volkswagen to charge 'import fees' on cars affected by tariffs, WSJ reports

Posted to Maritime Reporter on April 2, 2025

The Wall Street Journal reported that Volkswagen would introduce an "import charge" on affected vehicles by the 25% tariffs levied by U.S. president Donald Trump. Reports citing an internal memo sent to retailers said that the German automaker had temporarily stopped rail shipments from Mexico…

Kremlin: Dmitriev, Putin's investment representative, may visit Washington

Posted to Maritime Reporter on April 2, 2025

The Kremlin confirmed on Wednesday that a visit by Kirill Dmitriev - the investment envoy of Russian President Vladimir Putin - to the United States to meet with Donald Trump's officials is possible. However, it declined to provide any additional details.

Maersk Shipping expects US growth to continue but warns about rising uncertainty

Posted to Maritime Reporter on April 2, 2025

Maersk, the Danish shipping company, has seen a strong demand from the United States this year. It expects it to continue. However, President Donald Trump's proposed tariffs could cloud its outlook. Maersk published its regular global market forecast before Trump…

Caspian Pipeline Consortium suspends operations at 2 of 3 mooring points in its sea terminal

Posted to Maritime Reporter on March 31, 2025

The Caspian Pipeline Consortium, which exports Kazakhstan and Russia's crude oil via the Black Sea to Europe, announced Monday that two of the terminal's three moorings points had been halted. CPC, which transports about 1% world oil and is a major route for Kazakhstan oil exports…

EU wheat exports drop to 7-month low after renewed concerns

Posted to Maritime Reporter on March 27, 2025

The benchmark wheat futures traded on Euronext on Thursday fell to their lowest level in seven months as concerns over short-term demand for exports this season were rekindled by a stronger euro and a sparse demand from abroad. Euronext's May…

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.