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Monday, August 11, 2025

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Goldman Sachs says that China's retaliatory actions will have a limited impact on energy costs.

Posted to Maritime Reporter on February 4, 2025

Goldman Sachs said on Tuesday that it expected Beijing's retaliatory duties in response to the new U.S. sanctions against Chinese products to have a limited impact on energy costs. The 10% tariff imposed by President Donald Trump on Chinese products went into effect at 12:01 am.

Egypt's GASC signss $700 million loan agreement with the ITFC to boost food security

Posted to Maritime Reporter on February 4, 2025

An Egyptian cabinet announcement on Tuesday revealed that Egypt's General Authority for Supply Commodities has signed a $700-million loan agreement with the Islamic Trade Finance Corporation to boost its efforts in food security. The loan is part of the ongoing cooperation between Egypt…

Jordanian traders report that 5 people participated in the 120,000 t of wheat tender.

Posted to Maritime Reporter on February 4, 2025

Initial assessments indicate that five trading companies have participated in the international bid on Tuesday by Jordan's state grain buyer to buy 120,000 metric tonnes of wheat. Viterra, Al Dahra and Cereal Crops were thought to be the trading houses involved.

Shark attack kills teenage girl off Australia's East coast

Posted to Maritime Reporter on February 3, 2025

Authorities said that a female swimmer died after a shark attacked her in the waters near a popular tourist destination on Australia's East Coast. The Queensland State Police said that emergency crews were dispatched to Woorim beach at Bribie island…

New Jersey won't be awarding new offshore wind contracts

Posted to Maritime Reporter on February 3, 2025

New Jersey's regulator of public utilities announced on Monday that it will not award new contracts for offshore wind, just days after Shell pulled out of the one project where a final bid had been submitted. Uncertainty regarding federal support of the industry.

Sources say that the daily Tengiz oil production in Kazakhstan reached a record high at the end of January.

Posted to Maritime Reporter on February 3, 2025

Two industry sources who are familiar with the calculations and data say that the daily output of Kazakhstan's biggest field, Tengiz has reached a new record high in late January. This is a 45% increase from the average for 2024. The Kazakh…

Sweden claims that a ship accidentally broke a Baltic Sea cable

Posted to Maritime Reporter on February 3, 2025

A Swedish prosecutor announced on Monday that the cargo ship Vezhen damaged a submarine cable connecting Sweden and Latvia in late August, but that it was not deliberate. The vessel, which is registered under the Maltese flag, had already been released.

Rubio to Panama: China is threatening canal and changes are needed.

Posted to Maritime Reporter on February 2, 2025

A spokesperson for the State Department said that U.S. Secretary Marco Rubio informed Panamanian President Jose Raul Mulino during talks on Sunday that Donald Trump had determined that China's influence threatened the Panama Canal, and that urgent changes were required or the U.S. might act.

Rubio begins Latin America tour with canal and migration talks in Panama

Posted to Maritime Reporter on February 2, 2025

Marco Rubio, the top Trump administration diplomat, began his first overseas visit to Panama on Sunday. He was scheduled to meet Panamanian president Jose Raul Mulino and discuss U.S. concern about Chinese companies that could affect U.S. shipping…

US envoy says China's presence near the Panama Canal is a security issue

Posted to Maritime Reporter on January 31, 2025

Mauricio Clever-Carone, U.S. Special Envoy for Latin America said that China's presence near the Panama Canal was a concern to Panama's national security, just days before the top U.S. diplomat Marco Rubio visited the country. Rubio is scheduled to depart for his first overseas trip on Saturday.

Denmark will stop offshore wind tenders and revamp the subsidy model

Posted to Maritime Reporter on January 31, 2025

Denmark will stop all offshore wind tenders, as the current framework that does not offer subsidies is ineffective under the current market conditions. This was announced by its Energy Minister on Friday. Cost increases, interest rate hikes…

Sources say that traders offer Russian oil for March delivery to India at a lower discount.

Posted to Maritime Reporter on January 31, 2025

After a temporary delay caused by the recent U.S. trade sanctions, which have increased trading costs, Indian sources in the refining industry said that traders have now resumed their offers to Indian refiners of Russian crude cargoes. Washington…

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…

Norway Police arrests ship on suspicion Baltic Sea cable damage

Posted to Maritime Reporter on January 31, 2025

Norwegian police announced on Friday that they arrested a Norwegian vessel with a Russian crew, on suspicion of causing damage to an optical cable in the Baltic Sea. Tromsoe police, in Tromsoe city, north of Norway said that the arrest was made at the request by Latvian authorities.

Rumo, a Brazilian company, says that a conveyor belt at a grain transshipment facility caught fire

Posted to Maritime Reporter on January 30, 2025

Rumo, a Brazilian logistics company, said that a conveyor belt in a major grain transshipment facility in Mato Grosso caught fire at the early hours of Thursday morning. The fire happened at a busy season when Brazil harvests a large soybean crop and starts shipping it to China.

Morocco bans German feed grain imports due to foot-and-mouth Disease

Posted to Maritime Reporter on January 30, 2025

The head of Morocco’s grain trade federation, FNCL, announced on Thursday that the country has halted its imports of feed from Germany due to an outbreak of foot and mouth disease. Omar Yacoubi said that the import ban was imposed on "all non…

Jordan bids up to 120,000 t of feed barley for traders

Posted to Maritime Reporter on January 30, 2025

European traders reported on Thursday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline to submit price proposals in the tender is February 5. Traders…

What aircraft was involved in the mid-air crash that occurred in Washington DC

Posted to Maritime Reporter on January 30, 2025

Officials said that an American Airlines regional passenger plane and a U.S. Army Black Hawk chopper crashed into the icy Potomac River on Wednesday night after colliding in midair near Reagan Washington National Airport. The Sikorsky UH-60…

Financial Times - Jan 30

Posted to Maritime Reporter on January 30, 2025

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. -British car parts group Dowlais agrees $1.49 bln U.S. -Harland & Wolff’s new Spanish owner Navantia will invest…

RIA reports that the Russian nuclear icebreaker suffered damage to its hull lining in Arctic.

Posted to Maritime Reporter on January 28, 2025

The lining of a Russian nuclear-powered icebreaker was damaged while it freed a vessel trapped in Arctic waters. This was reported by the state news agency RIA on Tuesday. The vessel Fifty Years of Victory was said to be operating normally,…

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