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Norwegian Cruises increases its annual profit forecast due to robust travel demand

Posted to Maritime Reporter on October 31, 2024

Norwegian Cruise Line Holdings raised its profit forecasts for the fourth time in a row on Thursday, encouraged by strong bookings for sea-based holidays at higher prices. The cruise industry has seen a strong demand for their services this year…

Russia accuses UK using Black Sea to supply Ukraine with weapons

Posted to Maritime Reporter on October 30, 2024

Russia accused Britain on Wednesday of using the Black Sea grain canal to deliver weapons to Ukraine after London denied its allegations that Russian attacks against Ukrainian ports disrupted vital grain supplies for other nations. Last week…

Orsted sells stakes to Brookfield in four UK offshore Wind Farms

Posted to Maritime Reporter on October 30, 2024

Orsted, a Danish company, announced on Wednesday that it had sold a 12.45% stake in four of the British offshore wind farms currently in operation to Brookfield for a total amount of 1.75 billion pounds (2.28 billion dollars). As part of an extensive review…

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on October 30, 2024

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Paris-based investment firm CIAM announced on Tuesday that it would appeal directly to France's financial regulator AMF, urging a public offering of Vivendi stock.

French Naval vessel passes through Taiwan Strait

Posted to Maritime Reporter on October 29, 2024

The Taiwan Defence Ministry announced on Tuesday that a French naval vessel had passed through the Taiwan Strait. This was the latest Western country to make a trip through this strategic waterway. Around once a year, the U.S. Navy, sometimes accompanied by ships of allied nations…

60th Congressional Cup set to make waves at Long Beach

Posted to Maritime Reporter on October 21, 2024

Long Beach Luxury yacht Club has validated prepare for the 60th edition of its flagship event, the Congressional Cup, scheduled to happen from April 30 to May 4 2025. Given that its debut in 1965, the Congressional Cup has been a foundation of match racing…

US Gulf of Maine Offshore Wind Auction is a Test for the Beleaguered Industry

Posted to Maritime Reporter on October 29, 2024

The administration of President Joe Biden will begin the sale of offshore development rights on Tuesday for eight areas near the northern New England coasts. This is a test for industry interest in new investment following a year of high profile setbacks.

Thyssenkrupp's CFO: Possible spin-off of the marine division in 2026

Posted to Maritime Reporter on October 29, 2024

Thyssenkrupp's CFO confirmed that the company is working to spin off its warship division, after Carlyle pulled out of a bid last week. The group has set a realistic date for such a move, 2026, as an example. A spin-off within the next calendar year is ambitious, in my opinion.

US Navy wants to arm ships Patriot missiles in response to China's hypersonic weaponry

Posted to Maritime Reporter on October 25, 2024

Two senior defense officials have said that the U.S. Navy fears China will use hypersonic weapons in the Pacific to sink ships. They are moving ahead with a plan of arming some of their vessels with Patriot missiles. According to an industry official…

EU wheat stabilizes after a decline with Black Sea exports as a focus

Posted to Maritime Reporter on October 23, 2024

The benchmark wheat futures traded on Euronext finished slightly higher on Tuesday, after a three day fall. Chicago recovered and traders assessed the impact of Russian government intervention on Black Sea wheat competition. December wheat,…

EU Wheat remains weak as Black Sea Competition hangs over the market

Posted to Maritime Reporter on October 23, 2024

The benchmark wheat futures traded on Euronext declined for the fourth time on Wednesday, as traders weighed up signs of continued export competition by Black Sea wheat supplies against uncertainty about Russian government interventions in wheat trade.

Potash production is nearing pre-war levels, forcing producers to reduce output

Posted to Maritime Reporter on October 23, 2024

The global potash supply has returned to the levels before the invasion of Ukraine. Russia and Belarus have increased shipments to Asia, South America and Europe to avoid Western sanctions, and to pressure producers to reduce output to avoid an oversupply.

Carlyle stops bidding procedure for Thyssenkrupp marine arm

Posted to Maritime Reporter on October 22, 2024

, the German company stated on Tuesday. Czech billionaire Daniel Kretinsky. Thyssenkrupp stated in a reaction to emailed concerns. Thyssenkrupp shares fell as much as 3.7% on the news. partnerships. Carlyle decreased to comment. decreased to offer more details. billion euros ($ 1.73 billion).

Carlyle leaves of bidding procedure for Thyssenkrupp marine system

Posted to Maritime Reporter on October 22, 2024

said on Tuesday. Thyssenkrupp stated in a response to emailed concerns. constructs submarines and frigates. Carlyle decreased to comment. group's continuous restructuring, which also includes prepare for a. 50:50 steel joint venture with Czech billionaire Daniel. Kretinsky.

New Zealand dominates the waves as it focuses on America's Cup.

Posted to Maritime Reporter on October 20, 2024

New Zealand won the 37th America's Cup in Barcelona, Spain this weekend. Now the attention is on the next America's Cup. New Zealand, which had never competed in a final and has not won an event for 60 years, was immediately notified that they would be the "challengers of record".

Sailing New Zealand wins America's Cup by beating Britain

Posted to Maritime Reporter on October 19, 2024

New Zealand won the America's Cup on Saturday with a 7-2 victory over Britain. The win sparked wild celebrations aboard their sleek AC75, before they returned to shore and were welcomed by a traditional Maori welcome. This is the third consecutive win for the New Zealanders…

Australia invests billions in nuclear submarine shipyard

Posted to Maritime Reporter on October 15, 2024

Australia announced on Wednesday that it will invest billions of dollar over the next 20 years to expand a Western Australia shipyard, which would be the maintenance hub for the nuclear-powered AUKUS sub fleet. Defence Minister Richard Marles…

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…

Citi is optimistic about the strong growth indicators.

Posted to Maritime Reporter on October 9, 2024

The shares of U.S. Cruise Operators, including Norwegian Cruise Line Holdings surged during the midday session on Wednesday, as brokerage Citi becomes bullish about the long-term prospects for these companies. Norwegian Cruise shares rose as…

Euronext Wheat steady as weather, exports and trade weigh

Posted to Maritime Reporter on October 8, 2024

The price of European wheat edged up on Tuesday, as weather risks in Russia coupled with an attack on a grain terminal in Ukraine offset the pressures from export competition. December wheat traded on Paris' Euronext closed 0.5% higher at 229.75 Euros ($252.17) per metric ton…

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