Posted to Maritime Reporter
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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…
Posted to Maritime Reporter
on
March 31, 2025
The International Association of Machinists and Aerospace Workers, or IAM, announced on Monday that it had reached a tentative agreement with the National Carriers' Conference Committee of America (NCCC), a group representing U.S. freight railways. This agreement is part of a recent wave in the U.S.
Posted to Maritime Reporter
on
March 24, 2025
On April 1, an LNG tanker will arrive in Canada to cool down the LNG Canada plant in Kitimat (British Columbia), which is considered to be the final step before production of supercooled gas begins at the plant. The delivery is scheduled for early April.
Posted to Maritime Reporter
on
March 24, 2025
Donald Trump, the U.S. president, said Monday that any country buying oil or gas in Venezuela would be charged a 25% duty on all trades with the United States. The "secondary tariffs" will go into effect on April 2nd, Trump stated in a Truth Social posting.
Posted to Maritime Reporter
on
March 24, 2025
European traders reported on Monday that the Taiwan Flour Millers' Association had issued an international bid to buy an estimated 100,000 metric tonnes of grade 1 milling grain to be sourced in the United States. The deadline for submitting price offers is the 27th of March.
Posted to Maritime Reporter
on
March 13, 2025
According to a Thursday statement, the China Shipowners' Association is against a U.S. proposal that would impose hefty entry fees at ports on ocean cargo carriers who own vessels or have ordered them from China. The association says it violates both international laws and U.S. law.
Posted to Maritime Reporter
on
March 12, 2025
The Panama Canal Authority's Ricaurte Vaquez said in a Wednesday video conference that the fees for vessels passing through the canal this year were 15% lower than last year, as the waterway has more capacity. A severe drought that will occur…
Posted to Maritime Reporter
on
March 11, 2025
A senior executive of Nigeria's national oil company NNPC told reporters on Tuesday that Nigeria would be able meet OPEC production targets. Udobong Nitia is the executive vice president for upstream at NNPC. He said that after years of not meeting OPEC quotas Nigeria finally met them in January.
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…
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…
Posted to Maritime Reporter
on
March 10, 2025
Vitol CEO Russell Hardy stated on Monday that the recent slowdown in economic growth, both in China and worldwide, has had a negative impact on oil demand. Benchmark oil prices fell to a three-year-low of $68.33 per barrel last week, and traded below $70 on Monday.
Posted to Maritime Reporter
on
March 10, 2025
The U.S. imports of containers increased by 4.7% in February compared to the same month last year, but may drop in the coming months, as the U.S.'s trade war with China, and other trading partners, takes hold. Descartes, a supply chain technology company, said this on Monday.
Posted to Maritime Reporter
on
March 10, 2025
The Maritime and Coastguard Agency announced on Monday that Britain's Coastguard was responding to reports about a collision involving a cargo vessel and a tanker off England's Northeastern Coast. The agency reported that a helicopter, fixed-wing aircraft and lifeboats…
Posted to Maritime Reporter
on
March 6, 2025
Ship tracking data revealed that U.S. crude oil exports to India reached their highest level in two years last month, as refiners sought alternatives to Russian tankers and producers after the U.S. tightened sanctions. Kpler's ship tracking data showed that the U.S.
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…
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.
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.
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.
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.
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.
