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Wheat falls due to supply pressure; soybeans rebound from a one-month low

Posted to Maritime Reporter on November 25, 2024

Chicago wheat prices fell Monday due to ample supplies, as the fear of a worsening conflict between Russia and Ukraine threatening Black Sea exports receded. Soybeans are up on the back of increased buying interest following contract lows in the last week.

Australia dominates the Dubai SailGP opener

Posted to Maritime Reporter on November 23, 2024

DUBAI (Nov 23) - Triple SailGP champions Australia began their campaign for 2025 with authority, taking the lead on the first day of racing in Dubai. The Australians showed off their tactical skills in a new, striking livery. Chris Draper joined…

Sources say that Rongsheng Petchem, a Chinese company, will buy heavy oil in February from Canada and Ecuador.

Posted to Maritime Reporter on November 22, 2024

According to sources in the trade, Rongsheng Petrochemical purchased 2.65 million barrels (or 98.4 million gallons) of heavy crude oil for delivery in February from the Americas. Sources said that the three Canadian crude cargoes, each of which is 550…

Rolex increases SailGP support as crews head to Dubai for the new season

Posted to Maritime Reporter on November 21, 2024

SailGP's fifth season will begin in Dubai at the weekend, with Rolex as the title sponsor. This partnership has been in place since the creation of the league. Rolex has been involved with sailing for almost 70 years and will become the title…

Louis Dreyfus opens new sugar transshipment facility in Brazil

Posted to Maritime Reporter on November 19, 2024

The agricultural firm Louis Dreyfus announced on Tuesday the construction of a new transshipment sugar terminal in Brazil's Sao Paulo State, which is expected to be finished by mid-2025. Executives from the company claim that the new terminal…

US gasoline stockpiles hit 2-year low on stronger demand, EIA says

Posted to Maritime Reporter on October 30, 2024

The Energy Information Administration (EIA), which is responsible for the U.S. government's energy policy, announced on Wednesday that U.S. gasoline inventories fell to their lowest level in two years last week due to increased demand. Crude…

Potash production is nearing pre-war levels, forcing producers to reduce output

Posted to Maritime Reporter on October 23, 2024

The global potash supply has returned to the levels before the invasion of Ukraine. Russia and Belarus have increased shipments to Asia, South America and Europe to avoid Western sanctions, and to pressure producers to reduce output to avoid an oversupply.

Cubans who are missing after 'invisible shipwrecks' on their way to the US cause a painful void in the home

Posted to Maritime Reporter on October 12, 2024

Mayra Ruiz, a Cuban mother, wakes up every day wondering if she will hear from her son Maiquel Gonzalez. Gonzalez vanished without a trace on December 20, 2022, along with 28 family members and friends who fled to Florida in a homemade boat.

Cubans who are missing after "invisible" shipwrecks while en route to the US cause a painful void in their home

Posted to Maritime Reporter on October 12, 2024

Mayra Ruiz, a Cuban mother, wakes up every day wondering if she will hear from her son Maiquel Gonzalez. Gonzalez vanished without a trace on December 20, 2022, along with 28 family members and friends who fled to Florida in a homemade boat.

Trade sources claim that Trader Vitol is selling Venezuelan oil to Indian refiners.

Posted to Maritime Reporter on October 8, 2024

Trade sources reported that two Indian state refiners bought 2,000,000 barrels of Venezuelan oil from Vitol, for delivery in November. This is despite the fact that Venezuelan crude shipments continue to increase to what was previously Venezuela's second-largest oil market.

Reports and sources confirm that at least four people have died after an oil barge sinks off Venezuela.

Posted to Maritime Reporter on September 26, 2024

According to sources and a report on the accident, at least four people are dead after an oil barge sank in Venezuela's Lake Maracaibo. The barge was operated by a contractor for the state-run PDVSA energy company. The report said that another…

After a nationwide blackout, power is beginning to return to Venezuela

Posted to Maritime Reporter on August 30, 2024

On Friday afternoon, power began to be restored in some areas of Venezuela after the capital Caracas as well as much of the rest the country had been plunged into an earlier blackout. The government blamed the opposition for the blackout without providing any evidence.

Venezuela awards licenses to BP and Trinidad's NGC in order to develop offshore gas projects

Posted to Maritime Reporter on July 24, 2024

Venezuela granted a license for a long time to British energy company BP and the state-owned National Gas Company of Trinidad and Tobago to develop Venezuela's side of a large gas field which extends into Caribbean waters. There are approximately…

The wet season is increasing migration risks, and ten people have been found dead in Darien Gap.

Posted to Maritime Reporter on July 24, 2024

Panamanian border police reported that 10 migrants drowned in their attempt to cross Darien Gap, a perilous gap between Panama and Colombia. National Border Service (Senafront), a service of the National Border Service, said that the bodies…

Venezuelan oil exports in June were almost unchanged, at 760,000 barrels per day

Posted to Maritime Reporter on July 1, 2024

According to shipping documents and data, Venezuelan oil exports in June were mostly flat at 760,000 barrels a day (bpd), as U.S. licences supported the half of shipments for destinations within Europe and the U.S. Washington decided in April…

SailGP remote umpires call the VAR from afar

Posted to Maritime Reporter on July 1, 2024

Craig Mitchell's team of umpires and Craig Mitchell have had an impact on the SailGP Grand Final this month. With $2 million at stake, each penalty they have imposed during the SailGP season could be a big one. Mitchell, who is a professional…

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