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Hanwha's Philly Shipyard could build nuclear submarines for the US Navy, says executive

Posted to Maritime Reporter on December 25, 2025

Alex Wong is the global chief strategy officer of Hanwha Group. According to a press release issued by the South Korean firm on Thursday, the company's Philly Shipyard can build a nuclear submarine for the U.S. Navy. Wong, who spoke at the Hanwha media day in Philadelphia on Monday…

White House orders US Forces to Focus on "Quarantine" of Venezuelan Oil for Next Two Months

Posted to Maritime Reporter on December 24, 2025

A U.S. official said on Wednesday that the 'White House' has ordered U.S. military forces to concentrate almost exclusively?on enforcing "quarantine", or the ban, of Venezuelan crude oil for the next at least two months. The official stated that "while military options still exist…

GRAINS-Wheat extends the gains on short covering and war risk

Posted to Maritime Reporter on December 24, 2025

Chicago Board of Trade wheat futures climbed for a fifth consecutive session on Wednesday as traders and analysts feared the outbreak of hostilities along the Black Sea and the extreme cold that was affecting the Russian wheat belts. Corn futures…

GRAINS-Wheat extends the gains on short covering and war risk

Posted to Maritime Reporter on December 24, 2025

Chicago Board of Trade Wheat Futures rose for a fifth session Wednesday, as traders and analysts expressed concern about the escalation of war in the Black Sea Export Zone and the severe cold that has affected the Russian wheat belts. Corn futures rose on the strength of wheat and strong demand…

EU wheat is at a two-week high due to Black Sea risks

Posted to Maritime Reporter on December 24, 2025

Dealers said that European wheat prices rose in a thin trade before Christmas due to concerns about the escalation of war in the Black Sea export zone. Euronext will be closed on Christmas Day, Thursday and Friday. The most active contract, March wheat on the Paris-based Euronext exchange…

EU Wheat Stable as Black Sea Risks Support

Posted to Maritime Reporter on December 24, 2025

Dealers said that the price of European wheat increased on Wednesday, as concerns about the war in the Black Sea export zone and the cold weather in Russia pushed prices up in thin trading before Christmas. The most active contract, March?wheat on Paris' Euronext exchange…

Fleet management firm Motive Technologies reveals revenue growth in US IPO paperwork

Posted to Maritime Reporter on December 23, 2025

In its U.S. IPO filing, AI-powered fleet manager Motive Technologies disclosed Tuesday a?rise?in revenue for the nine months. Companies are lining up to list in early 2019. Losses of $113.9 millions on $268.9?millions in revenue were reported…

Venezuela uses floating storage to fill onshore tanks

Posted to Maritime Reporter on December 23, 2025

According to documents and data from the company, Venezuela's PDVSA, the state-owned oil company, has started to fill tankers with crude oil and fuel oil, and keep them in Venezuelan water, due to the accumulation of inventories caused by?the U.S. seizing Venezuelan-linked ships on sea. The U.S.

EU wheat remains firm as Black Sea concerns linger

Posted to Maritime Reporter on December 23, 2025

Analysts said that prices for Euronext wheat rose on Tuesday, as Russian attacks against Ukrainian?ports boosted the market. Forecasts of extreme cold in 'Russia also pushed up prices. Traders repositioned their positions before Christmas. The most active contract…

As on-shore tanks fill due to ship seizures, Venezuela turns to floating storage

Posted to Maritime Reporter on December 23, 2025

According to documents and data from the company, Venezuela's PDVSA state-run oil firm has begun filling up 'tankers' with crude oil and fuel oil that it has in its storage. This is because inventories are increasing amid U.S. moves to seize Venezuelan-linked ships. This month, the U.S.

Ainslie signs Oakley Capital agreement to fund British America’s Cup bid

Posted to Maritime Reporter on December 23, 2025

British sailor, Ben 'Ainslie, has secured the funding he needs to run his America's Cup 2027 campaign. He announced a deal with Oakley Capital Tuesday following a stressful phase?in a mission to?bring the Cup back home. Ainslie’s Athena Racing…

After rally, grain prices ease after the Russia-Ukraine War.

Posted to Maritime Reporter on December 22, 2025

Chicago?wheat fell for the first time in four sessions on Tuesday. However, losses were limited due to concerns about an escalation of the Russia-Ukraine conflict disrupting supplies. Corn was flat, but soybeans were up. A grain trader in Singapore…

Trump announces plans for new 'Trump class' battleships that will boost US naval power

Posted to Maritime Reporter on December 22, 2025

Donald Trump, President of the United States, announced plans on Monday to build a new class of battleships, larger, faster, and "100 times stronger" than anything before. The goal is to cement U.S. Naval dominance. He said that the project would be eventually expanded to include?20-?25 new vessels.

Panama: US tanker that intercepted Venezuelan-related tanker did not comply with maritime rules

Posted to Maritime Reporter on December 22, 2025

The Panamanian foreign minister announced?on Monday? that an?American?tanker was recently intercepted?by Panama. The Panamanian flagged vessel violated the maritime laws of the country and disconnected its transponder as it sailed out of Venezuelan waters with a crude cargo.

EU wheat continues to rebound amid Black Sea War concerns

Posted to Maritime Reporter on December 22, 2025

Euronext wheat increased for a third day on Monday, continuing a recovery from the contract lows. Attacks by Ukraine and Russia against each other's Black Sea coasts led to some short-covering. The most active contract, March?wheat on Paris' Euronext exchange…

US suspends leases on five offshore wind projects due to radar concerns

Posted to Maritime Reporter on December 22, 2025

Department of the Interior announced on Monday that the Trump administration has suspended the?lease for five large-scale offshore wind projects under construction due to national?security concerns. The Department said that the move was made…

China calls the US seizure and detention of ships an 'international law violation'

Posted to Maritime Reporter on December 22, 2025

China's Foreign Ministry said on Monday that the seizure by the United States of another country's vessels was a'serious violation of international law', after the U.S. stopped a China bound oil tanker near the Venezuelan coastline. China's Lin Jian…

Officials say that a drone attack by Ukraine has damaged two vessels in Russia’s Krasnodar.

Posted to Maritime Reporter on December 21, 2025

Regional authorities in Russia's Krasnodar Region said that a Ukrainian drone attack damaged two vessels and two piers, as well as causing a fire, on the Black Sea Coast. The Krasnodar operational headquarters announced on the Telegram app that…

Officials say that the US is pursuing a third oil tanker near Venezuela

Posted to Maritime Reporter on December 21, 2025

Officials told reporters?on Sunday that the U.S. Coast Guard was pursuing a?oil-tanker near Venezuela in international waters. This would be the third?such operation? in less than a month and the second this weekend. The official said that the tanker had been sanctioned.

RPT-US interdicting, seizing vessel off Venezuelan coast, officials say

Posted to Maritime Reporter on December 20, 2025

Three U.S. officials confirmed on Saturday that the United States has seized a vessel in international waters off the coast of Venezuela. This move comes just days after U.S. president Donald Trump announced an "interdiction" against all oil tankers sanctioned by Venezuela.

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