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Wednesday, February 26, 2025

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South Korean Minister heads to Washington for exemption from Trump tariffs

Posted to Maritime Reporter on February 25, 2025

His ministry announced that South Korea's Minister of Industry Ahn Duk Geun would travel to Washington D.C. between Wednesday and Friday to push for a further exemption from U.S. Steel Tariffs and to discuss ways to increase cooperation in energy and shipsbuilding.

Thyssenkrupp will hold a shareholder meeting before the spin-off of its warship division, CEO tells Podcast

Posted to Maritime Reporter on February 25, 2025

Thyssenkrupp will hold an extraordinary general assembly to complete a spin-off in the warship division in this calendar year. This was revealed by Chief Executive Miguel Lopez in a podcast published on Tuesday. Lopez, speaking on a podcast by the German newspaper WAZ…

US Coast Guard Ship in Tasman sea did not interact with Chinese Navy, Commander says

Posted to Maritime Reporter on February 25, 2025

The commanding officer of a U.S. Coast Guard ship crossing the Tasman Sea in support of maritime security with Australia and New Zealand said that the cutter was aware Chinese naval vessels were in the region but did not interact with them.

REIT Sun Communities sells superyacht to Blackstone for $5.65 Billion

Posted to Maritime Reporter on February 24, 2025

Sun Communities is selling its superyacht service business for $5.65bn in cash. The real estate investment trust wants to focus on core segments and reduce its debt. This has sent its shares up by more than 5%. According to the companies, they…

US crude stocks rise, but gasoline and distillate are decreasing - EIA

Posted to Maritime Reporter on February 20, 2025

The Energy Information Administration reported on Thursday that the U.S. crude stockpiles increased while gasoline and distillate stocks fell as a result of seasonal maintenance at refineries, which led to a lower processing. The EIA reported that crude inventories increased by 4.6 millions barrels…

US crude stocks rise, but gasoline and distillate are decreasing - EIA

Posted to Maritime Reporter on February 20, 2025

The Energy Information Administration reported on Thursday that U.S. crude stockpiles increased while gasoline and distillate stocks fell. The EIA reported that crude inventories increased by 4.6 millions barrels, to 432.5million barrels during the week ending February 14.

Key Takeaways From Trump-Putin Talks: Ukraine, Energy, NATO, Sanctions

Posted to Maritime Reporter on February 20, 2025

The first meeting between Russia and the United States since the beginning of the Ukraine conflict was held to restore relations and prepare the ground for a peaceful resolution. What has been discussed so far? UKRAINE WAR Donald Trump, the U.S. president, says that he wants a quick end to the war.

North Korea criticizes US over AUKUS nuclear submarine deal

Posted to Maritime Reporter on February 19, 2025

North Korean state-run media on Thursday criticised the United States over a nuclear submarine agreement with Australia signed under the AUKUS Partnership in 2021. A KCNA commentary said that Washington should be cautious about the consequences of what they called nuclear alliances.

Goldman Sachs does not believe that the ceasefire in Ukraine will boost Russian output

Posted to Maritime Reporter on February 19, 2025

Goldman Sachs stated on Wednesday that a potential ceasefire in Ukraine and the resulting easing of sanctions against Russia is unlikely to increase Russia's crude oil flow. The administration of U.S. president Donald Trump said Tuesday that it had agreed to have more talks with Russia. In Ukraine.

Bangladesh prepares for a recycling boom

Posted to Maritime Reporter on February 18, 2025

Shipbreaking is a global problem that requires urgent attention. On 15 km of coastline, Sitakunda is home to 30 ship-breaking yards. These yards recycle 38% of all dead ships in the world and provide steel scraps to Bangladesh's flourishing manufacturing industry.

Major Daybook/Wednesday

Posted to Maritime Reporter on February 18, 2025

The daybook editor is Timothy Ryan (reachable at 202-843-6282 or [email protected] or [email protected]). Subscribers, if you have any issues with receiving the daybook content please call 1-800-435-0171. Press 5. The content is only intended…

Saronic Technologies is valued at $4 billion following $600 million in fundraising

Posted to Maritime Reporter on February 18, 2025

Saronic Technologies announced on Tuesday that it had closed a $600m Series C financing round led by Elad Gil. This funding round valued the autonomous shipbuilding firm at $4 billion. The company announced that it would use the funds to build Port Alpha…

China condemns Canadian warship sailing in Taiwan Strait

Posted to Maritime Reporter on February 16, 2025

China's military condemned Monday the sailing of a Canadian Warship in the Taiwan Strait. It said its air and navy forces had monitored the ship and warned it, a mission which came only a few days following a similar mission by U.S. Navy vessels. Around once a week, the U.S.

EU Wheat Exports are now more confident

Posted to Maritime Reporter on February 13, 2025

Euronext Wheat Futures declined for a third consecutive day on Thursday, as the strength of the euro and the results of an Algerian tender highlighted a weak outlook for exports in Western Europe. The price of a metric tonne of March wheat traded on Paris' Euronext closed 0.4% lower at 231…

First US Navy ships to sail through Taiwan Strait after Trump's inauguration

Posted to Maritime Reporter on February 11, 2025

China was furious when two U.S. Navy vessels sailed this week through the Taiwan Strait, the first time since Donald Trump assumed office in late January. About once a week, the U.S. Navy transits the Strait, sometimes accompanied by ships of allied nations.

First US Navy ships to sail through Taiwan Strait after Trump's inauguration

Posted to Maritime Reporter on February 11, 2025

China was furious when two U.S. Navy vessels sailed this week through the Taiwan Strait, the first time since Donald Trump assumed office in late January. About once a week, the U.S. Navy transits the Strait, sometimes accompanied by ships of allied nations.

State media reported that Chinese military watched US ships crossing the Taiwan Strait.

Posted to Maritime Reporter on February 11, 2025

According to CCTV, China's state broadcaster on Tuesday, the Chinese military has organised air and naval forces to monitor navigation operations by a U.S. oceanographic survey vessel and destroyer crossing the Taiwan Strait between February 10-12.

First SailGP win for Sailing-Fletcher signals British intent

Posted to Maritime Reporter on February 11, 2025

Dylan Fletcher was determined to earn points and climb the leaderboard after his first victory as Britain's SailGP Skipper in Sydney at last weekend. He also wanted to show he could 'fly solo'. Ben Ainslie who was the British America's Cup champion but lost to New Zealand last year in Barcelona…

Oman and Australia LNG vessels move west, including one via the Red Sea as Europe increases LNG supply

Posted to Maritime Reporter on February 10, 2025

Shiptracking data revealed on Monday that at least three LNG vessels from Oman and Australia were heading west to deliver the gas, one of which was sailing through the Red Sea. This is because higher prices in Europe are continuing to attract more supplies.

Fletcher's first SailGP victory signals America's Cup intent for Britain

Posted to Maritime Reporter on February 10, 2025

Dylan Fletcher was determined to earn points and climb the leaderboard after his first victory as Britain's SailGP skipper at the weekend's event in Sydney. He also wanted to show he could 'fly solo'. Ben Ainslie who was the British America's…

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