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Debutant Fletcher flies high in Britain's America Cup race

Posted to Maritime Reporter on October 3, 2024

Dylan Fletcher has become accustomed to winning with the smallest margins. The sailor, who won Britain's Olympic gold medal in the men's skiff by a few centimetres at the 2021 Medal Race is now within one point of clinching the first America's Cup tilt for his country in 60 years.

A boat crash on Congo's Lake Kivu has resulted in the recovery of 23 bodies.

Posted to Maritime Reporter on October 3, 2024

On Thursday, Colonel Molatelo Motau of SADC's mission in Democratic Republic of Congo announced that 40 people were rescued and 23 bodies recovered following a boating accident on Lake Kivu. Video seen by showed the boat tipping sideways and then capsizing in calm water.

No alternative routes for Spanish olive oil after US port strike

Posted to Maritime Reporter on October 3, 2024

In the wake of a recent strike in U.S. East Coast and Gulf Coast ports, olive oil exporters from Spain, the largest producer in the world, warned that there were no viable alternatives to reach the lucrative U.S. market. Asoliva, the Spanish association of olive oil producers and exporters…

In September, ARA's gasoline exports to West Africa reached a multi-year low.

Posted to Maritime Reporter on October 3, 2024

The Belgian law that restricts the export of low-quality fuels, and financial constraints on the part of Nigerian importers are making it difficult for buyers in Northwest Europe to sell gasoline to West Africa. They will have to look at other…

Planning ministry says that Egypt's GDP will slow to 2.4% in 2023/24.

Posted to Maritime Reporter on October 3, 2024

The Planning Ministry announced on Thursday that Egypt's GDP grew by 2.4% during the fourth quarter 2023/24, bringing its annual growth to 2.4%. This is down from the 3.8% growth rate a year ago. The Planning Ministry attributed this slowdown to geopolitical tensions…

Kazakhstan wants clarification from Russia on grain transit stop

Posted to Maritime Reporter on October 3, 2024

Kazakh officials announced on Thursday that Kazakhstan had halted its grain exports to Russia. They also said they asked Moscow to prove the claims of having violated plant health rules, which Moscow cited as the reason for a ban on imports and transits of Kazakh grain.

Officials say that at least 60 people have died in a boating accident in Nigeria.

Posted to Maritime Reporter on October 3, 2024

A local official reported that at least 60 people died after a boat capsized in northern Niger State, Nigeria. The boat was carrying mostly women and young children who were returning from a religious celebration. Jibril Abdullahi Muregi said…

GRAINS-Wheat does not panic as supply concerns over the Black Sea loom.

Posted to Maritime Reporter on October 3, 2024

Chicago wheat futures slowed down in the early hours of trading on Thursday after reaching 3-1/2-month highs, as supply concerns were sparked by a drought in Russia's top producer and a drone strike on a Ukrainian port. Corn futures were close to their three-month high…

Sources: Egypt's GASC has agreed to a large direct wheat contract

Posted to Maritime Reporter on October 2, 2024

Two sources who have direct knowledge of this matter said that Egypt's state grain buyer had agreed to one of its largest direct wheat contracts for monthly supplies between November and April. One source said that the wheat would be delivered to the General Authority for Supply Commodities…

America's Cup Challenger Series on the Verge of a Breakthrough after British Sailing Doubles Over Italy

Posted to Maritime Reporter on October 2, 2024

Britain put pressure on Italy to challenge for the America's Cup by winning two close races in "knife-edge" sea conditions on Wednesday. The British team was just one point away from winning the Louis Vuitton Cup first-to-7 series. Both AC75…

British take the lead in America's Cup race over Italy

Posted to Maritime Reporter on October 2, 2024

On Wednesday, Britain won a close quarters battle against Italy to gain a series lead of 5-4. Ben Ainslie, the British co-helm of both AC75 "foiling" boats that bounced around in rough seas near Barcelona, said they were trying to stay on their hydrofoils while being on a knife edge.

Egypt increases local wheat purchase price by 10%

Posted to Maritime Reporter on October 2, 2024

The government announced on Wednesday that Egypt had increased its local wheat purchase price by 10%, to 2,200 Egyptian pound ($45.51), per 150 kilograms (ardeb). Hossam El Gahary, vice-chairman of the General Authority for Supply Commodities and state buyer…

Jordan does not purchase 120,000 T of barley, traders claim

Posted to Maritime Reporter on October 2, 2024

European traders claim that Jordan's state grain purchaser is not believed to have purchased any barley in the international tender for animal feed barley, which closed on Tuesday. Viterra, Bunge Ameropa, and Al Dahra are believed to have participated. The prices offered were not disclosed.

Jordanian traders report that Jordan has 4 participants in the 120,000 T barley auction.

Posted to Maritime Reporter on October 2, 2024

According to traders, four trading companies have so far participated in the international bid of Jordan's state grain buyer for up to 120,000 tons animal feed barley to be purchased on Wednesday. Traders said that Viterra, Bunge Ameropa, and…

Scott, a British SailGP skipper, jumps ship and sails to Canada with a new owner

Posted to Maritime Reporter on October 2, 2024

The SailGP team announced on Wednesday that Greg Bailey, an entrepreneur from Canada, had acquired the Canadian catamaran. Giles Scott is the British skipper. Scott's move is a major break for the two-time Olympic gold medalist, who replaced Ben Ainslie…

Algeria offers to purchase up to 320,000 t of corn, traders claim

Posted to Maritime Reporter on October 2, 2024

European traders reported on Wednesday that the Algerian state agency ONAB had issued an international tender for up to 320,000 tons of animal feedcorn sourced only from Argentina or Brazil. They said that the deadline for submitting price offers to the tender is Thursday October 3.

Ukraine barley exports reached 200,000 T in Oct, says producers' union

Posted to Maritime Reporter on October 2, 2024

Ukraine exported 207,000 tons of barley to Ukraine in September, and the union of Ukrainian farmers UAC predicted that this volume will likely be maintained in October. Ukraine has a long history of barley production and export. UAC stated in…

Jordan offers to purchase up to 120,000 tonnes of wheat, traders claim

Posted to Maritime Reporter on October 2, 2024

The state grain buyer of Jordan has announced an international tender for up to 120,000 tons of milling whey that can come from optional origins. The deadline to submit price proposals in the tender is October 8. Traders had expected a new announcement after Jordan failed to purchase 120…

Officials warn German ships who passed through Taiwan Strait

Posted to Maritime Reporter on October 2, 2024

German task group commander, who led the German Navy ships through the Taiwan Strait in October, said that the Chinese vessels were very attentive and sent repeated radio messages to the German Navy ships, but they did not engage in any unsafe behavior.

CNBC reports that Novo Nordisk has plans in place to mitigate the impact of port strikes on its business.

Posted to Maritime Reporter on October 1, 2024

CNBC, citing a spokesperson for the company, reported Tuesday that Danish drugmaker Novo Nordisk had mitigation plans in place in order to minimize or avoid any disruption in its production caused by sea port strikes in United States. Reports…

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