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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.

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…

Bolivia is expecting five fuel cargoes to pass through Chile before April 4, YPFB reports

Posted to Maritime Reporter on March 27, 2025

The company announced on Thursday that Bolivia's energy company YPFB will receive a total five cargoes of diesel and gasoline through Chile before April 4. Three of these cargoes are expected to be imported directly from Houston. YPFB confirmed on Thursday the origin of the goods…

Trump will impose a 25% tariff on countries who buy oil and gas from Venezuela

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.

Source: Argentina will tender 5-6 LNG cargoes next week to be used in winter.

Posted to Maritime Reporter on March 13, 2025

Next week, Argentina will begin a process to tender for 5-6 LNG cargoes to meet the gas demand in the coming winter of southern hemisphere. The bid process for five or six shipments will begin on March 17. Source: "The plan is to receive bids during the week of the 25th," said the source.

The outlook for record Chinese soybean imports in the second quarter may ease supply constraints

Posted to Maritime Reporter on March 13, 2025

Analysts and traders said that China will receive record soybean imports during the second quarter after delays in Brazilian shipments, and slow customs clearances, caused a shortage of supply, forcing several processors into a halt. According to a five-firm average…

Algeria announces tender for milling wheat traders claim

Posted to Maritime Reporter on March 10, 2025

European traders reported on Monday that Algeria's state grain agency OAIC had issued a tender for the international purchase of milling wheat. The deadline to submit price offers for the tender is March 12th, with all offers valid until March 13th.

Petrobras to announce new tender for 4 tanker vessels by mid-2025

Posted to Maritime Reporter on February 22, 2025

Transpetro is the logistics division of Brazil's Petrobras. It will launch an auction for four new tanks around 2025. Transpetro's chief Sergio Bacci said that the company hopes to include nine more in its strategic plan from 2026-2030. Bacci…

Petrobras launches tender for 8 gas tankers; 13 more by the end of 2026

Posted to Maritime Reporter on February 17, 2025

Transpetro is a unit of Brazil’s state-run Petrobras. It has launched an international bid to contract eight tankers, and will launch another 13 by the end next year. The tenders form part of ongoing plans for Transpetro to renew its fleet and boost the country's shipping sector.

Petrobras launches tender for 8 gas tankers

Posted to Maritime Reporter on February 17, 2025

Transpetro is a unit of Brazil’s state-run Petrobras. It has announced a tender to contract eight gas tankers, as part of its ongoing plans to replace the vessel fleet. Transpetro said that this move would triple its capacity to transport LPG and enable it to move Ammonia.

Kazakhstan's KMG offers BGN for up to 520,000 tonnes of CPC Blend each month

Posted to Maritime Reporter on January 31, 2025

Kazmunaigaz, a subsidiary of Kazmunaigaz Group (KMG), awarded Geneva-based BGN up 520,000 metric tonnes per month of CPC Blend in an auction for supply until 2025. Sources say that KMG sold CPC Blend Oil sourced from Tengizchevroil - an operator…

French wheat exports fall due to poor crop, Algerian spat and Russian rivalry

Posted to Maritime Reporter on January 27, 2025

France is facing its worst wheat exports for decades due to a rift between Algeria and the European Union, a slump in Chinese demand, as well as a poor harvest. The French farmers who protested in the beginning of this year against falling incomes…

Bretana crude, a niche oil from Peru, is gaining popularity in the US

Posted to Maritime Reporter on January 14, 2025

Bretana crude, a niche oil from Peru, is becoming increasingly popular in the United States. The first cargo was discharged in the U.S. Gulf Coast last month. U.S. refiners are looking for alternatives to Mexican heavy crude. Bretana is a heavy…

International crude exports dip as trade routes reshuffle once again

Posted to Maritime Reporter on January 7, 2025

refinery and pipeline changes reshuffled trade routes. and providers and purchasers split into areas. exports to Europe declined and more U.S. oil went to Europe. been rerouted to India and China. have shut in Europe in the middle of ongoing attacks on Red Sea shipping.

Venezuela's oil exports in 2024 will rise 10.5% amid political turmoil

Posted to Maritime Reporter on January 3, 2025

Venezuelan oil exports increased 10.5% in the last year, despite the political instability of the country and the changes made to the U.S. sanction regime. This was due to partners of the state oil company PDVSA taking more cargoes with licenses issued by Washington.

Traders say that a group in Thailand purchased around 63,000 T of feed wheat.

Posted to Maritime Reporter on December 11, 2024

A group of animal feed importers in Thailand purchased approximately 63,000 metric tonnes of animal feed wheat during a Wednesday closing tender that sought up to 120,000 metric tons, European traders reported. The price was estimated to be…

More than 20 people are arrested in a cocaine-smuggling investigation between Brazil and Italy

Posted to Maritime Reporter on December 10, 2024

Brazilian and Italian authorities announced that they had launched two joint operations Tuesday to dismantle a transnational conspiracy to transport cocaine using cargo ships or planes from South America to Europe. In Brazil, 18 arrest warrants…

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…
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