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Venezuelan PDVSA's oil exports to other countries will reach $17.5 billion by 2024, as sales soar

Posted to Maritime Reporter on July 11, 2025

According to a document on results seen by Friday, the Venezuelan state-run PDVSA sold oil abroad for $17.52 billion in 2024. Exports jumped because U.S. licensing allowed foreign partners to work in the sanctioned OPEC country. PDVSA did not…

Treasury: US to reduce exports of LPG from Venezuela

Posted to Maritime Reporter on July 7, 2025

The U.S. Treasury Department announced on Monday that the Trump administration had revoked a license that allowed shipments of LPG to Venezuelan state energy company Petroleos de Venezuela SA. The gas can be discharged until September 5 if it was loaded onto a vessel before or on July 7.

Brazilian oil may find new markets in the face Trump's tariffs

Posted to Maritime Reporter on July 10, 2025

Experts say that Brazil's oil will remain competitive on the international market even if President Donald Trump's 50% tariff is implemented on August 1. The main Brazilian export to the U.S. is oil. This product was previously exempted from…

Russell: Iron ore remains calm amid China uncertainties and US tariff turmoil

Posted to Maritime Reporter on July 8, 2025

In recent months, iron ore prices have remained stable despite increasing uncertainty about the future of the steel raw material. The benchmark Singapore Exchange contract closed at $95.25 per metric ton Monday. This is down from $95.89 the previous day…

Russell: Iron ore remains calm despite China's uncertainty and US tariff turmoil

Posted to Maritime Reporter on July 8, 2025

In recent months, iron ore prices have remained stable despite increasing uncertainty about the future of the steel raw material. The benchmark Singapore Exchange contract closed at $95.25 per metric ton Monday. This is down from $95.89 the previous day…

SailGP roars back into action in New York after Rio cancellation

Posted to Maritime Reporter on June 6, 2025

SailGP teams are ready to shake off rust this weekend in New York, as the global championship returns to action following a short hiatus caused by a defect with the wingsail that forced the cancellation of the Rio event. The defect was identified…

Google and Chile Sign Agreement to Deploy Trans-Pacific Submarine Cable

Posted to Maritime Reporter on June 4, 2025

Alphabet's Google and the Chilean Government signed an agreement during a Wednesday meeting to deploy a 14,800 kilometer (9,196 mile) submarine data cable to connect Australia and Asia. The cable is expected to be operational in 2027. The first pact of its kind…

Guyana legislators pass a bill that makes companies responsible for oil spill damages

Posted to Maritime Reporter on May 17, 2025

Guyana's Parliament passed a bill on oil pollution late Friday night that makes parties responsible for damage caused by oil spills from vessels, as well as other sources. President Irfaan Ali is expected to sign the bill into law soon. The…

Team racing is back with bold new format and new boats

Posted to Maritime Reporter on May 2, 2025

Next month, after a decade of sporting inactivity, the team racing world championship will roar to life when 12 crews are determined to rewrite sport's hierarchy. Organisers announced on Friday that the 2025 Team Racing World Championship, which…

Guyana's proposed oil spill bill would hold companies responsible for damages caused by oil spills.

Posted to Maritime Reporter on April 29, 2025

According to an excerpt of the bill published in the Official Gazette, the Guyana government submitted a proposed oil pollution law to Parliament. The act proposes that responsible parties be held liable for damage caused by oil spills from vessels.

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…

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.

Sources say that Venezuela's PDVSA has suspended oil loading authorizations for Chevron.

Posted to Maritime Reporter on April 10, 2025

Three sources familiar with the decision confirmed on Thursday that Venezuela's PDVSA, Venezuela's national oil company, has cancelled several authorizations granted to Chevron by PDVSA to load and export Venezuelan crude oil in this month.

SailGP cancels May Rio due to wingsail defects

Posted to Maritime Reporter on April 10, 2025

The racing circuit announced on Thursday that SailGP had cancelled the event in Rio next month after discovering a defect with select wingsails of the F50 fleet. This will allow time for repairs before the event in New York in June. Testing…

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 soybeans will reach China despite tariffs

Posted to Maritime Reporter on April 9, 2025

Sources and shipping data indicate that China will receive approximately 3 million metric tonnes of U.S. soya beans in April-May. This is despite the new tariffs on American goods, which are set to choke off China's biggest U.S. import. Four…

Pentagon chief: US will take back the Panama Canal from Chinese influence

Posted to Maritime Reporter on April 8, 2025

U.S. Secretary of Defense Pete Hegseth told reporters in Panama on Tuesday that the United States would retake the Panama Canal back from Chinese influence. Hegseth promised to intensify security cooperation with Panamanian forces after talks with the government of Panama.

Hegseth, a Pentagon official, will visit the Panama Canal following Trump's threats to withdraw it

Posted to Maritime Reporter on April 8, 2025

U.S. Secretary of Defense Pete Hegseth will get a closer look at the Panama Canal as he begins a rare trip to Central America, a nation that is still uneasy about President Donald Trump’s threats to take the canal back. Hegseth is the first U.S. Defense Secretary to visit Panama in decades.

GRAINS-Wheat Futures Drop on Black Sea Agreements

Posted to Maritime Reporter on March 25, 2025

Chicago wheat futures eased Tuesday after the United States announced that it has reached agreements with Russia, Ukraine and other countries to ensure safe navigation on the Black Sea. Analysts predicted a large South American soybean crop and corn prices also dropped.

GRAINS-Wheat Futures Drop on Black Sea Agreements

Posted to Maritime Reporter on March 25, 2025

Chicago wheat futures eased Tuesday after the United States announced that it has reached agreements with Russia, Ukraine and other countries to ensure safe navigation on the Black Sea. Analysts predicted a large South American soybean crop and corn prices also dropped.