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UN chief on Venezuela action by US sets a 'dangerous precedence'

Posted to Maritime Reporter on January 3, 2026

His spokesperson stated on Saturday that Secretary-General Antonio Guterres was deeply concerned by the U.S. military actions in Venezuela, which "sets a dangerous precedent." This is ahead of an expected?U.N. Security Council meeting. Diplomats…

The differentials remain the same

Posted to Maritime Reporter on January 2, 2026

The differentials between Caspian and Urals crude oil remained unchanged on Friday, in a'mild' market. Russia -and a few of its neighbouring countries - were off for the New Year holiday. There were no bids or offers reported to Platts on Friday for Urals, Azeri BTC - and CPC Blend.

Police in Finland say that Finland has made progress with its investigation of cable breaches

Posted to Maritime Reporter on January 2, 2026

The Finnish police said on Friday that they had made progress in the criminal investigation of the damage to an underwater telecommunications cables owned by Elisa. The cargo vessel "Fitburg", which was en route to Israel from Russia, was suspected…

Valencia coach Fernando Martin dies in Indonesia boat accident

Posted to Maritime Reporter on December 28, 2025

'Spanish football clubs' reported that Fernando Martin, a Valencia CF coach, died along with?three of his family members after their boat capsized off the coast of Indonesia. Valencia expressed their "deep sadness" at the death of Fernando Martin…

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

Posted to Maritime Reporter on December 25, 2025

Alex 'Wong, 'global chief strategist at Hanwha Group said that the?Philly Shipyard of Hanwha has the ability to build a nuclear-powered submarine? for the U.S. Navy. Wong stated during Hanwha's Hanwha media day in Philadelphia on Monday that "the U.S.

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…

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…

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…

Orsted sells Cathay 55% of Taiwan's wind farm

Posted to Maritime Reporter on December 23, 2025

Orsted, a Danish offshore wind developer, has agreed to sell a 55% stake in its Greater Changhua II offshore wind farm in Taiwan. The deal is worth approximately 5 billion Danish crowns (788.74m). You can also restore your own website. Investor…

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…

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…

Alinghi returns as America's Cup partners are named

Posted to Maritime Reporter on December 22, 2025

Alinghi will return for the 2027 America's Cup. Organisers of the competition confirmed on Monday that the Swiss outfit was one of at least five teams comprising a new America's Cup Partnership. Alinghi announced in April that they would cease…

Macron to troops in Gulf: France will build new aircraft carriers

Posted to Maritime Reporter on December 21, 2025

Emmanuel Macron, President of France, confirmed his plans to build a larger and'more modern' aircraft carrier to replace the Charles de Gaulle carrier. This will boost France as a maritime superpower. Macron, who first touted these plans in 2020 was speaking to troops at a French base in Abu 'Dhabi…

Argo and Zoulou renew their duel as MOD70 titans prepare for Atlantic showdown

Posted to Maritime Reporter on December 19, 2025

The MOD70 'trimarans Argo & Zoulou are set to renew rivalry at the 2026 RORC Transatlantic Race, which starts on January 11, in Lanzarote. Argo (American flagged) and Zoulou (France flagged), both skippered by Jason Carroll can reach speeds of up to 40 miles per hour as they race over 3…

MSC Cruises places order for Meyer Werft worth 10 billion Euros

Posted to Maritime Reporter on December 15, 2025

The German Economy Minister announced on Monday that the state-rescued German shipbuilder Meyer Werft had secured a major order worth up to ten billion euros ($11.7?billion) with Swiss cruise operator?MSC Cruises. This will ensure capacity utilization through the mid-2030s.

Hundreds of migrants brought to Malta following boat capsize

Posted to Maritime Reporter on December 12, 2025

The boat that brought 60 African migrants to Malta capsized near the Mediterranean island on Friday, bringing one of the largest groups to arrive in recent times. The group was "rescued" by Maltese military boats and landed at Bugibba 10 miles north-east of Valletta.

Norway approves two consortiums to proceed in floating wind tender

Posted to Maritime Reporter on December 11, 2025

The energy ministry announced on Thursday that Norway has approved the two initial applications received for its 'first commercial floating offshore-wind tender. This will allow the two consortiums to refine their plans and take part in a subsequent subsidy auction.

Bousso: Trump won't make Venezuela's OPEC member a battlefield.

Posted to Maritime Reporter on December 10, 2025

Venezuela will likely retain its seat within OPEC, even if U.S. president Donald Trump succeeds in forcing a government change in the oil-rich nation. The U.S. wants to bolster their alliance with the cartel while they?expand their own sphere of influences. The U.S.

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