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Finland detects jamming of satellite navigation and spoofing on the Baltic Sea

Posted to Maritime Reporter on October 31, 2024

The Coast Guard of Finland said that it had detected constant disruptions in satellite navigation signals over the Baltic Sea from April. In recent weeks, tankers have been spoofing location data in order to hide visits to Russia. Lulu Ranne…

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.

Two migrants drown after boat sinks near Calais

Posted to Maritime Reporter on October 23, 2024

A local French authority reported that two migrants died after a boat carrying an entire group capsized on Wednesday off the coasts of Calais. This highlights the difficulties facing the British and French government in their efforts to combat illegal immigration.

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…

Fincantieri available to \any form\ of collaboration with Thyssenkrupp marine arm

Posted to Maritime Reporter on October 30, 2024

shipbuilder said on Wednesday. best strategy is to give more value and reinforce (Thyssenkrupp. Marine Systems). We are at their disposal for any possible kinds. of collaboration, Fincantieri Chief Executive Pierroberto. Folgiero told Bloomberg television.

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.

Police say there is no nuclear threat from the fire at BAE's nuclear sub yard in north-west England.

Posted to Maritime Reporter on October 30, 2024

Police said that although a significant fire is still burning at BAE Systems shipyard Barrow-in-Furness in northwest England where the new generation of British nuclear submarines are built, there is no nuclear threat from this incident. Cumbria…

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…

KKR-backed Malaysian OMS signss contract with Dutch firm for cable-laying vessel

Posted to Maritime Reporter on October 28, 2024

OMS Group, a KKR backed Malaysian digital subsea infrastructure company, announced on Monday that it had signed a contract for the construction of a number of cable-laying ships with Dutch maritime firm Royal IHC. OMS stated in a press release…

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…

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.

The Tunisian coastguard has recovered the bodies of 16 migrants

Posted to Maritime Reporter on October 28, 2024

The national guard reported on Monday that the Tunisian coastguard had recovered 16 bodies from the sea off the coasts of Maloulech and Salakta. This is the latest boat tragedy in the Mediterranean. The bodies were discovered at the weekend, and then again on Monday.

Industry leaders and legislators say that Europe struggles to meet offshore wind target

Posted to Maritime Reporter on October 24, 2024

Industry leaders and legislators said that Europe has fallen behind its own ambitious offshore wind energy targets due to rising costs, redtapism and inadequate policies. They presented their recommendations on Thursday to the new European Commission.

Denmark wants to find common EU solutions to Chinese wind competition

Posted to Maritime Reporter on October 24, 2024

The Danish climate and energy ministry said that the country will be seeking a common EU strategy to combat the increased Chinese competition on the European wind market. This was ahead of a Thursday meeting with EU Commission officials and leaders in the industry.

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,…

Red Bandit wins the race to become Germany's third winner

Posted to Maritime Reporter on October 23, 2024

Carl-Peter Forster's Red Bandit from Germany won the 45th Rolex Middle Sea Race on Wednesday, becoming the third German boat to win this prestigious offshore challenge. Red Bandit followed in the footsteps Saudade and Morning Glory, who won the race in 1983 and 2006 respectively.

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.

InVivo targets Ukrainian wheat in order to counter Russian expansion

Posted to Maritime Reporter on October 23, 2024

The chief executive of InVivo, a cooperative that produces wheat for export in France and Ukraine, said Wednesday the group is looking at new markets to expand after being beaten by Russian wheat to Algeria. Thierry Blandinieres, a member of the group that has a range of activities…

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