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Indian Government to sell Cochin Shipyard up to 5% of its stake

Posted to Maritime Reporter on October 15, 2024

An exchange filing on Tuesday revealed that the Indian government would sell a stake in Cochin Shipyard of approximately 5%. The filing revealed that the floor price of the sale was 1,540 rupees. This represents an 8% discount from the Tuesday closing price.

Google and Italy discuss bases for a submarine network in Sicily

Posted to Maritime Reporter on October 15, 2024

A cabinet undersecretary revealed on Tuesday that Alphabet's Google was in discussions with the Italian government about plans to establish base stations in Sicily in order to develop infrastructure for an underwater fiber optic cable system across the Mediterranean.

Russians rescued after 67-days adrift on the Pacific fringe

Posted to Maritime Reporter on October 15, 2024

The Russian authorities announced on Tuesday that they had rescued the man, whose boat drifted in the waters of the northwest Pacific for 67 consecutive days. However, his brother and nephew perished during the ordeal. Images on social media…

British plot to comeback as Sailing-New Zealand takes 4-0 America's Cup Lead

Posted to Maritime Reporter on October 14, 2024

New Zealand won the America's Cup on Monday with a 4-0 victory over Britain. The crews were locked in a close tacking duel in the early stages and made some close passes during the first downwind leg. New Zealand's crew managed to squeeze a little more performance from their AC75 monohull…

France to break through wheat export slump with rare Thailand shipment

Posted to Maritime Reporter on October 14, 2024

According to sources in the shipping and trading industries, a large shipment of French wheat will be loaded for Thailand later this month. This is a rare shipment that will help boost French exports to Southeast Asia. Sources said that a ship…

S.Korea Hanwha sweetens its takeover offer to Singapore Dyna-Mac

Posted to Maritime Reporter on October 14, 2024

Hanwha Group, a South Korean conglomerate, increased its offer on Monday for the remaining share it doesn't already own in Singapore-based Dyna-Mac. The offshore oil and natural gas contractor is valued at S$790.6m ($605.41m). Hanwha had previously offered S$0.60 for each share.

British Business – Oct. 14,

Posted to Maritime Reporter on October 13, 2024

These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. Former Scottish First Minister Alex Salmond died instantly after collapsing at a conference in North Macedonia.

SailGP teams will be using faster T-shaped foils from 2025

Posted to Maritime Reporter on October 13, 2024

SailGP said that it plans to equip its fleet of F50 mono-design boats, starting next year with a new foil type, in order to increase the speed and tighten the racing. The organizers of the global racing circuit's fifth season, which begins in Dubai next month…

Conti's victory in the America's Cup Women's Cup sinks in.

Posted to Maritime Reporter on October 13, 2024

Giulia Conti wept in joy after she returned to her apartment, and viewed recordings of Italy's first Women's America's Cup victory. The enormity of the win of her crew hit her. After both qualifying for the final in an initial group of 12, the…

New Zealand wins America's Cup with a 3-0 lead after beating Britain

Posted to Maritime Reporter on October 13, 2024

New Zealand won Sunday's third America's Cup against Britain to take a 3-1 lead in the series of first-to-7, following a close collision between both teams before the race. Peter Burling and his New Zealand team penalized Ben Ainslie for failing…

New Zealand wins America's Cup with a 3-0 lead after beating Britain

Posted to Maritime Reporter on October 13, 2024

New Zealand took a 3-0 advantage in the series of first-to seven after winning the third America's Cup against Britain. Peter Burling and his New Zealand team penalised Ben Ainslie for failing to keep clear after a close-quarters aggressive manoeuvre was performed by Peter Burling in the pre-start.

New Zealand wins second America's Cup Race to Take a 2-0 Lead

Posted to Maritime Reporter on October 12, 2024

New Zealand defeated Britain in the second America's Cup race on Saturday, in a sea battle that was at times thrilling between the giant foiling AC75 yachts. New Zealand's victory in the light Mediterranean winds, and the lumpy seas near the coast of Barcelona…

Cubans who are missing after 'invisible shipwrecks' on their way to the US cause a painful void in the home

Posted to Maritime Reporter on October 12, 2024

Mayra Ruiz, a Cuban mother, wakes up every day wondering if she will hear from her son Maiquel Gonzalez. Gonzalez vanished without a trace on December 20, 2022, along with 28 family members and friends who fled to Florida in a homemade boat.

Italy wins first America's Cup women's with victory over Britain

Posted to Maritime Reporter on October 12, 2024

In a tight final in Barcelona, Italy defeated Britain to win first Women's America's Cup. The Italian foursome celebrated wildly after crossing the finish line in their AC40 monohull foiling, having won the race by eight seconds over the British.

Italy wins first America's Cup women's with victory over Britain

Posted to Maritime Reporter on October 12, 2024

In a tight final in Barcelona, Italy defeated Britain to win first Women's America's Cup. The Italian foursome celebrated wildly after crossing the finish line in their AC40 monohull foiling, having won the race by eight seconds over the British.

New Zealand's Sailing-Nifty New Zealand wins the opening America's Cup race.

Posted to Maritime Reporter on October 12, 2024

New Zealand defeated Britain in the first race of the America's Cup, on Saturday. The holders built on an early advantage after storming across to start slightly before their challengers. New Zealand now leads the first-to-7 contest 1-0. Peter Burling…

Fire extinguished on oil tanker safely moored in northern German port

Posted to Maritime Reporter on October 12, 2024

The city of Rostock said that maritime rescue services and firefighter in Germany's Baltic Sea extinguished an oil tanker fire and brought it safely into its port. The ship is safely moored...there's no fire. "The tanker was dragged in Rostock's overseas port early this morning…

Cubans who are missing after "invisible" shipwrecks while en route to the US cause a painful void in their home

Posted to Maritime Reporter on October 12, 2024

Mayra Ruiz, a Cuban mother, wakes up every day wondering if she will hear from her son Maiquel Gonzalez. Gonzalez vanished without a trace on December 20, 2022, along with 28 family members and friends who fled to Florida in a homemade boat.

Sailing-Britain will face Italy in the final of the first America's Cup women

Posted to Maritime Reporter on October 11, 2024

Italy and Britain qualified on Friday for the first America's Cup women's event, beating four other teams after a tight semi-final match. The sun was setting over Barcelona as the race to reduce the six boats to just two came down to the last minute.

Italy will face Britain in the first America's Cup women's cup

Posted to Maritime Reporter on October 11, 2024

After a close semi-final, Italy and Britain qualified on Friday for the inaugural America's Cup women's event. The sun was setting over Barcelona as the six-boat fleet battled it out to be the last two. The black-sailed AC40 monohulls were lifted…

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