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Novorossiysk in flames as Kyiv intensifies campaign against Russian energy exports

From splash247.com

Ukraine has launched a series of sweeping strikes against Russian energy infrastructure over the weekend, targeting the Sheskharis oil terminal at Novorossiysk, the Lukoil NORSI refinery in the Nizhny Novgorod region, the Baltic port of Primorsk and a grain-carrying vessel in the Sea of Azov – a coordinated assault designed to squeeze Moscow’s oil export revenues at a moment when Middle East war has driven global energy prices to historic highs.
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Top maritime news stories for week ended 4 April

From www.seatrade-maritime.com

First LNG carrier transits of the Strait of Hormuz, dislocated tonnage drives tanker market, Yanbu VLCC loadings soar. A look back at the top stories on Seatrade Maritime News over the last seven days.

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Podcast: Port Everglades CEO & Port Director Joseph Morris

From maritime-executive.com

In this episode of The Maritime Executive's podcast series, TME editor-in-chief Tony Munoz caught up with Joseph Morris, CEO and Port Director of Port Everglades, for an in-depth discussion of the port's business and the opportunities ahead. 

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Iran Claims to Have Hit an MSC Container Ship in the Mideast

From maritime-executive.com

On Saturday, Iran's Islamic Revolutionary Guard Corps claimed a drone strike on an MSC container ship at a position in the Gulf region.

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Iran allows 15 ships through Strait of Hormuz

From www.seatrade-maritime.com

Over 40 nations agree to increase diplomatic pressure to unblock Strait of Hormuz while Trump posts social media threats and expletives.

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Tanker shipping market very tight due to dislocation of tonnage

From www.seatrade-maritime.com

Leading shipowners and analysts in New York grapple with the complexities of the tanker market with the closure of the Strait of Hormuz.

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Sweden Releases Shadow Tanker Detained on Suspicion of Oil Pollution

From maritime-executive.com

The Swedish Coast Guard released the detained shadow fleet product tanker Flora 1, saying the environmental violations related to an oil spill in the Swedish EEZ could not be proven.

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Lone Russian Corvette Flies the St. Andrew’s Flag in the Med

From maritime-executive.com

At a time of active conflict involving both Lebanon and Israel, and when the French Navy has deployed at full strength to prevent further attacks on the British Sovereign Base Area in Cyprus, the strength of the Mediterranean Flotilla has sunk to a single ship flying the St. Andrew’s Flag of the Russian Navy.

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Amidst War, Iran's Merchant Fleet is Enjoying Boom Times

From maritime-executive.com

The merchant marine tends to sail on regardless in time of war, notwithstanding the risk. As the risk goes up, so do cargo rates. And so also does demand for the goods being carried.

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World Fuel Services & West Coast Clean Fuels Establish Methanol Bunkering

From maritime-executive.com

World Fuel Services, in collaboration with West Coast Clean Fuels, has established a proven methanol bunkering capability available to vessel owners and operators across U.S. ports. 

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Who controls the Gulf’s landbridges?

From splash247.com

Wolfgang Lehmacher ponders whether Middle East multimodal shift inland is permanent. 

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Lila Global's VLCC bet pays off with 55% asset value surge in months

From splash247.com

Lila Global has nailed the tanker cycle, with its latest VLCC play delivering a striking asset value uplift in just a few months. 

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Venergy ramps up tanker push with suezmax orders in China

From splash247.com

Greek owner Venergy Maritime is stepping up its move into crude tankers, lining up as many as six suezmax newbuilds across two Chinese yards. 

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Hafnia pushes fleet renewal with $405m MR order in South Korea

From splash247.com

Product tanker giant Hafnia has signed up for eight new MR tankers at HD Hyundai Heavy Industries in a deal worth about $405m. 

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Sweden seizes chemical tanker suspected of illegal Baltic oil spill

From splash247.com

Swedish authorities have seized a Sierra Leone-flagged chemical tanker on suspicion of carrying out an illegal oil spill in the Baltic Sea. 

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Ship repair yard opens in Djibouti

From splash247.com

Djibouti has officially inaugurated a new ship repair yard developed in partnership with Damen Shipyards with financing from Invest International of the Netherlands. 

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US regulator merger plan rewrites post-Deepwater Horizon reforms

From splash247.com

The US Department of the Interior has announced the start of a phased plan to establish the Marine Minerals Administration, which will bring together the functions of the Bureau of Ocean Energy Management (BOEM) and the Bureau of Safety and Environmental Enforcement (BSEE). 

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Soybeans gain ground in USDA Prospective Plantings report 

From www.world-grain.com

Outlook forecasts modest rotation away from corn, ongoing wheat retreat
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Ukraine’s Kernel to acquire Enselco Holding 

From www.world-grain.com

Transaction consolidates assets of operational partners
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Global food prices up for second straight month

From www.world-grain.com

The benchmark global food commodity index rose for the second straight month as prices for all grains except for rice also increased, according to the latest monthly report from the Food and Agriculture Organization (FAO) of the United Nations. 

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US biofuel mandates climb amid war, farm income concerns 

From www.world-grain.com

Imported feedstocks to receive full RVO tax credit until 2028
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CN sets another monthly grain movement record

From www.world-grain.com

Railway shipped nearly 3 million tonnes in March
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Water concerns dent Thailand’s rice outlook

From www.world-grain.com

FAS: Production seen slipping to 20.3 million tonnes in 2026-27
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Oil prices rise as Donald Trump issues fresh ultimatum on Strait of Hormuz; Brent nears $111

From timesofindia.indiatimes.com

US benchmark WTI and North Sea Brent crude saw significant gains amid escalating tensions involving Iran and the United States. 

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OPEC+ Increases Oil Output amid Iran Conflict as Prices Surge

From energy.economictimes.indiatimes.com

OPEC+ has decided to raise oil output quotas by 206,000 barrels per day for May, a move overshadowed by the ongoing US-Israeli conflict with Iran, which has disrupted major oil routes and pushed crude prices to near four-year highs.

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This topic is curated by Mike O' Gorman

Global Head Of Business Development

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