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One dead in Bulgaria firework factory explosion

Posted to Maritime Reporter on July 26, 2024

Local officials and medical personnel confirmed that a fire at a Bulgarian fireworks factory set off a series dramatic explosions on Thursday evening. One person died and another was seriously injured. Around 6.30 pm, the blasts started in Elin Pelin, near Sofia.

Shipping source: Iran releases cargo from oil tanker St Nikolas

Posted to Maritime Reporter on July 25, 2024

A shipping source said on Thursday that Iran had released the oil cargo of the Greek owned, Marshall Islands flagged tanker, which it seized earlier this year in the Gulf of Oman. Source: Iran still holds the vessel M/T Saint Nikolas. The vessel was loaded with 1…

The father of an Italian rower pedals from Italy to Paris in aid of charity

Posted to Maritime Reporter on July 25, 2024

Luca Chiumento, an Italian rower, is currently in Paris preparing to compete in the quadruple sculls event at the Olympic Games. His father, who arrived by bike from Italy on Thursday and raised money for charity, has also been training. After 12 days…

Houthi leader warns of a response to Israeli airstrikes in Yemen's Hodeidah

Posted to Maritime Reporter on July 25, 2024

In a Thursday televised address, the leader of the Iran-backed Houthi group said that a response to Israeli airstrikes in Yemen's Hodeidah was coming. A drone fired on a crowd near Yemen's Hodeidah port, killing nine and injuring 87 people, just a day after the Houthi attacked Tel Aviv…

Olympics-Mediterranean seawater given all clear in Marseille

Posted to Maritime Reporter on July 25, 2024

The water quality has been cleared for sailing off Marseille, Olympic organizers announced, despite the French city's officials banning swimming on beaches earlier this week due to heavy rains. A Games spokesperson confirmed on Thursday that…

Three Swiss NGO offices in Kharkiv were damaged by Russian attacks, Ukraine reports

Posted to Maritime Reporter on July 24, 2024

Local officials reported that on Wednesday, Russia launched a number of attacks against the city of Kharkiv in northeastern Ukraine and its surrounding area, killing at least three people and wounding six others. The office of an NGO for mine clearance from Switzerland was also damaged.

Crown Estate and GB Energy will work together on clean energy projects

Posted to Maritime Reporter on July 24, 2024

The government announced on Thursday that GB Energy, Britain's newly created state-backed power company, will work with Crown Estate to increase investment and develop clean energy projects. According to the terms of the deal, the Crown Estate…

Venezuela awards licenses to BP and Trinidad's NGC in order to develop offshore gas projects

Posted to Maritime Reporter on July 24, 2024

Venezuela granted a license for a long time to British energy company BP and the state-owned National Gas Company of Trinidad and Tobago to develop Venezuela's side of a large gas field which extends into Caribbean waters. There are approximately…

EU wheat prices ease as Black Sea supplies hang over the market

Posted to Maritime Reporter on July 24, 2024

Euronext's front-month wheat futures eased Wednesday, as the Black Sea export supply competed with Euronext and traders looked for more information about the losses from a wet harvest in Western Europe. The price of September wheat traded on…

EU Wheat drifts as Black Sea Supply Hangs Over Market

Posted to Maritime Reporter on July 24, 2024

Euronext Wheat Futures were not much changed on Wednesday, as export competition by Black Sea supplies curbed prices. Traders also sought to learn more about the extent of damage caused by a wet harvest in Western Europe. The September wheat…

Meloni, Italy's Meloni, to visit China with a trade and investment agenda this week

Posted to Maritime Reporter on July 24, 2024

A person involved in planning said that Giorgia Melons first visit to China since she took office will be from July 26-31. She is hoping to improve trade between China and Italy. Meloni is expected to meet Chinese Premier Li Qiang and President Xi Jinping.

IOM: 15 people dead, 150 missing following boat capsize off Mauritania

Posted to Maritime Reporter on July 24, 2024

The International Organization for Migration said that 15 people died and 150 others were missing when a boat with 300 passengers capsized on Monday near the capital of Mauritania, Nouakchott. One of the most dangerous migration routes in the world is the Atlantic route…

Georgia investigates an alleged plot against the ruling party's founder

Posted to Maritime Reporter on July 24, 2024

Georgia's State Security Service said Wednesday that it was investigating an assassination plot against former Prime Minister Bidzina ivanishvili. She is the honorary chairperson of the ruling party. In a Facebook post, the State Security Service…

DSV Freight expects earnings to increase from Red Sea disruption

Posted to Maritime Reporter on July 24, 2024

DSV, a Danish shipping company, said that it expected disruptions in the Red Sea to have a positive effect on its earnings during the second half. Third-largest global freight forwarder, a company that operates in sea, air and roads divisions…

Leonardo's fighter jet program survives UK defence review

Posted to Maritime Reporter on July 23, 2024

According to a Leonardo executive, a British review of defence policy will not affect a multi-billion dollar fighter jet project being developed by Italy and Japan, as well as the United Kingdom. The Global Combat Air Programme (GCAP) is being developed by BAE Systems in Britain…

Crown Estate of Britain posts record profits from offshore wind licensing

Posted to Maritime Reporter on July 23, 2024

Crown Estate in Britain, which manages the public property of King Charles, reported a record profit of 1.1 billion pounds (1,42 billion dollars) for 2023/24, boosted by offshore wind leases. The results were released on Wednesday. Crown Estate…

Guardian reports that six people are believed dead after a fishing boat sinks near the Falkland Islands

Posted to Maritime Reporter on July 23, 2024

The Guardian reported that six people may have perished after a fishing boat flying the Saint Helena flag sank near the Falkland Island coast. It said that 14 of the 27 crew believed to be on board had been rescued. The report said that seven other crew members were still missing.

Crown Estate of Britain posts record profits from offshore wind licensing

Posted to Maritime Reporter on July 23, 2024

Crown Estate in Britain, which manages the public property of King Charles, reported a record profit of 1.1 billion pounds (1,42 billion dollars) for 2023/24, boosted by offshore wind leases. The results were released on Wednesday. Crown Estate…

West, a UK-based ship insurer, has problems with paying claims to a Russian company that is under sanctions

Posted to Maritime Reporter on July 23, 2024

West, a UK ship insurer, said that it would be difficult to pay claims for ships involved with accidents or collisions involving other vessels insured by the sanctions-hit Russian Ingosstrakh. This is another indication of the difficulties with Moscow's oil trading.

UN representative to Yemen says the threat of Houthi to Red Sea shipping has grown.

Posted to Maritime Reporter on July 23, 2024

Hans Grundberg, the U.N.'s Special Envoy for Yemen, told the U.N. Security Council that recent developments in the Red Sea suggest the threat of international shipping by Yemen's Houthis has grown. Grundberg, in a briefing about the situation…

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