Posted to Maritime Reporter
on
August 19, 2024
A person familiar with the search operation reported that British tech entrepreneur Mike Lynch was missing on Monday after his luxury yacht was hit by a violent thunderstorm and sank near the Sicilian capital Palermo. Lynch, 59 years old, was…
Posted to Maritime Reporter
on
August 19, 2024
Italian media reported that six people are missing and one person has died after a luxury boat was hit by a whirlwind off the coast Palermo in Sicily. The Italian coast guard and fire brigade had said earlier that divers were searching for missing people…
Posted to Maritime Reporter
on
August 19, 2024
Italian media reported that a 50-metre sailing boat with 22 people aboard sank early Monday morning off the coast Palermo in Sicily. Seven people remain missing. The Italian Coast Guard and firefighters saved 15 people including a young child…
Posted to Maritime Reporter
on
August 19, 2024
Their commander stated that two German warships are waiting for orders from Berlin to determine if they will be the only German naval vessels to have passed through the disputed Taiwan Strait in decades next month, at the risk to escalation tensions with Beijing.
Posted to Maritime Reporter
on
August 16, 2024
Euronext wheat recovered from near five-month-lows on Friday, led by technical gains in the front-month contracts, although cheaper Black Sea supplies restricted gains and distracted attention from poor harvests across western Europe. Euronext December wheat was up 1.6% at 219…
Posted to Maritime Reporter
on
August 16, 2024
Data showed that a TotalEnergies SE LNG vessel docked in Bangladesh's Chittagong Port for three weeks will now be heading to the Futtsu Port in Japan as the state-run Petrobangla was unable to offload the cargo on the spot. The ship tracking…
Posted to Maritime Reporter
on
August 14, 2024
Euronext Wheat fell for the third day on Tuesday, to its lowest level in over four months. Traders said that competition from cheaper Black Sea wheat supplies outweighed disappointing western European harvests. The December wheat price on Euronext was 1.3% lower at 219…
Posted to Maritime Reporter
on
August 14, 2024
According to the German container liner Hapag Lloyd, who spoke with analysts on Wednesday, the global order book for ships, which represents 18% of the fleet of the world, will increase but at a reasonable rate. "I expect that the 18% which is not a concern…
Posted to Maritime Reporter
on
August 13, 2024
Euronext Wheat Futures fell on Tuesday for the second day in a row as Egypt's ongoing efforts to secure supply highlighted the availability of Black Sea wheat at lower prices. December wheat, which was the most actively traded position on Paris' Euronext exchange…
Posted to Maritime Reporter
on
August 13, 2024
The defence ministry reported that the Romanian navy blew up a mine, which had drifted onto its Black Sea coast on Tuesday. Romania, Bulgaria, and Turkey are working together to defuse mines that have been floating in the Black Sea since Russia invaded Ukraine 2022.
Posted to Maritime Reporter
on
August 13, 2024
The state assets ministry, and the bank BGK announced on Tuesday that Poland will launch a program worth nearly 5 billion euros ($5,46 billion), financed by the European Union recovery funds. This programme will provide loans to the builders of offshore wind farm on the Baltic Sea.
Posted to Maritime Reporter
on
August 13, 2024
Blackstone, a private equity firm, announced Tuesday that it had sold 3,00 shared-ownership houses to Britain's largest private pension fund. This is a sign that big money managers are increasingly making deals in the UK housing industry. Blackstone…
Posted to Maritime Reporter
on
August 12, 2024
The United Kingdom Maritime Trade Operations agency (UKMTO), said Tuesday, that a ship's crew reported an explosion 63 nautical mile southwest of Yemen's Hodeidah. In a note of advice, the agency stated that the vessel and crew were safe and that the ship was proceeding to the next port.
Posted to Maritime Reporter
on
August 12, 2024
European wheat futures declined on Monday, as an Egyptian import bid kept attention on the competitive Black Sea supply. However, unexpected downward revisions in U.S. corn and wheat supply forecasts limited losses. December wheat, which was…
Posted to Maritime Reporter
on
August 12, 2024
European wheat futures declined on Monday, as an Egyptian import bid kept attention on the competitive Black Sea supply. Expectations that U.S. crop forecasts would increase in a report by the government also weighed on sentiment. The December wheat position…
Posted to Maritime Reporter
on
August 12, 2024
Harland & Wolff, a British shipbuilder, announced on Monday that it would not be able finalise the accounts for 2023 as a going concern and had suspended its work to finish its unpublished accounting. It is now looking at options to remain afloat.
Posted to Maritime Reporter
on
August 11, 2024
The wind or lack thereof was a challenge for Olympic sailors, officials, and broadcasters. However, the tight racing led to a change in the sailing world as foiling became a standard. The Netherlands won two golds, two bronzes, and Italy and Austria each took two golds.
Posted to Maritime Reporter
on
August 11, 2024
In a thrilling women's basketball match against France, the United States won the final gold medal of the Games and pushed them to the top of the medal table ahead of China. After a successful Games in France that helped revive the Olympic brand…
Posted to Maritime Reporter
on
August 10, 2024
The United States won a gold medal in basketball and a silver in table tennis, while China took home a number of golds in diving, weightlifting, and table tennis. The top two medal tables are still in play for the dominant sports nations on the final day of the Games. U.S.
Posted to Maritime Reporter
on
August 10, 2024
After a long wait, Canada's Katie Vincent was declared the winner in the women's single canoe 200m sprint. Vincent won the gold medal in the end by just a hundredth of a sec over American Nevin Harrison who had claimed the gold in Tokyo but missed another one in Paris.
