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Saturday, November 2, 2024

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Sailing-New Zealand takes a 5-2 lead over Britain in the America's Cup

Posted to Maritime Reporter on October 18, 2024

New Zealand took the lead in its America's Cup defense on Friday, crushing the British challengers and extending their lead to 5-2. The Kiwis took the lead early on after a few pre-race skirmishes. They extended their lead to win the race. Peter Burling…

France will soon tender 9.2 GW of offshore wind projects

Posted to Maritime Reporter on October 18, 2024

In a Friday decision, the Energy Ministry announced that France would launch tenders for two fixed wind farms and three floating ones totaling 9.2 gigawatts. The project will be constructed off the coasts of Fecamp in northwest France as well as Brittany…

Viewers of the America's Cup can'see' changes in wind before crews

Posted to Maritime Reporter on October 18, 2024

Both crews will scan the surface of the sea to look for any wind shifts that could give them an advantage in the difficult Mediterranean conditions near Barcelona. A software created by an America's Cup sponsor to reach a larger audience allows viewers to see the wind on the screen.

South Korea's Kbank again cancels IPO plans, citing lackluster demand

Posted to Maritime Reporter on October 18, 2024

Kbank, an online South Korean lender, announced Friday that it had withdrawn its plan to make a public offering. The company cited insufficient demand and thus scuttled what would have been the largest offering of the year in South Korea. Kbank…

NOAA: Rising La Nina will deepen drought in US Plains

Posted to Maritime Reporter on October 17, 2024

The National Oceanic and Atmospheric Administration said that a developing La Nina will bring warmer and drier weather than normal to the southern and central U.S. Plains in this winter. This is likely to worsen the drought in the top winter wheat producing area of the United States…

The global coral bleaching event has grown to be the largest ever recorded

Posted to Maritime Reporter on October 17, 2024

This week, the National Oceanic and Atmospheric Administration told the media that the mass bleaching of reefs has been occurring around the globe since February 2023. It is the largest amount ever recorded. Satellite data shows that 77% of coral reefs around the world - in the Atlantic…

America's Cup design is followed by the development of hydrogen chase boats

Posted to Maritime Reporter on October 17, 2024

In the middle of the America's Cup armada, a half dozen futuristic-looking craft are quietly zipping above the waves. The sleek foiling machine, designed by New Zealand's America's Cup Team, looks more like a large sports car than a boat. It…

LSEG data shows that China and Saudi Arabia were the top two buyers of Russian fuel in September.

Posted to Maritime Reporter on October 17, 2024

LSEG data and traders' reports on Thursday showed that China and Saudi Arabia were top destinations for Russian seaborne VGO and fuel oil exports. According to calculations based upon LSEG data, the total fuel oil and VGO exported from Russian ports rose 2% in August to 4.2 million metric tonnes.

German warship serving UNIFIL has downed a drone off Lebanon, the ministry reports

Posted to Maritime Reporter on October 17, 2024

Unmanned flying objects were brought down by a German warship that was part of UNIFIL's peacekeeping mission in Lebanon, according to a German Defence Ministry spokesperson. The spokesperson reported that the corvette had brought an unidentified…

Lego's New Zealand Boat is a Hit with America's Cup Crews

Posted to Maritime Reporter on October 17, 2024

Even British skipper Ben Ainslie found time to build a Lego model of New Zealand's AC75 with his son. New Zealand is the current holder of the America's Cup. A British team, led by Ainslie has set out to challenge New Zealand for the "Auld Mug".

Jordanian traders claim that they will buy up to 120,00 T of feed barley.

Posted to Maritime Reporter on October 17, 2024

European traders reported on Thursday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline to submit price offers for the tender is October 23. Jordan's failure to purchase 120…

Teenager who scaled the world's 14 highest peaks says Nepal's Sherpas deserve better

Posted to Maritime Reporter on October 17, 2024

The youngest person to ever scale the 14 tallest mountains in the world, a Nepali teenager wants to use his talents to help the Sherpa people of Himalayan country and produce world-class athletes. Sherpas are an ethnic group that lives mainly around Mount Everest.

KFA, South Korea's KFA, bought 65,000 metric tonnes corn in a private deal

Posted to Maritime Reporter on October 17, 2024

According to European traders, the Korea Feed Association in South Korea bought about 65,000 metric tonnes of animal feed corn in a private transaction on Wednesday. The corn was expected to come from either South America or the United States.

China claims that a Japanese fishing vessel 'illegally entered territorial waters'

Posted to Maritime Reporter on October 16, 2024

China's coastguard said that a Japanese fishing boat "illegally" entered China's territorial water around Diaoyu Islands between Oct. 15-16, and was advised to leave. In a recent statement, a Coast Guard spokesperson stated that "we urge the…

Britain wins second America's Cup against New Zealand

Posted to Maritime Reporter on October 16, 2024

Britain defeated New Zealand in a head-tohead America's Cup Final on Wednesday. The result reduced the holders' advantage to 4-2. The British crew, led by Ben Ainslie, outmanoeuvred Peter Burling's New Zealand crew in the last moments of the…

Sailing-Britain wins first race in America's Cup final

Posted to Maritime Reporter on October 16, 2024

The America's Cup Final saw Britain earn its first point for the series by winning the race against New Zealand on Wednesday. New Zealand, the current holders, now leads 4-1. A second race is scheduled to take place later on Wednesday in the Mediterranean near Barcelona.

Qatar reduces the Dec al-Shaheen term oil price, sources claim

Posted to Maritime Reporter on October 16, 2024

QatarEnergy lowered the term price of al-Shaheen loading crude oil in December, according to trade sources on Wednesday. The company was following spot market prices this month. They said that the December term price had been set at $1.93 per barrel, according to Dubai quotes.

Coastguard rescues dozens of migrants off Greece

Posted to Maritime Reporter on October 16, 2024

The Greek coastguard announced late Tuesday that it had recovered the bodies and rescued 27 migrants after their boat capsized off the island Kos, in the southeast Aegean sea. It added that three coastguard vessels and a commercial vessel searched for additional people in the region.

No. No.

Posted to Maritime Reporter on October 16, 2024

The No. 25 Navy is back in the AP rankings for the first time since 2019. Blake Horvath, the quarterback of the Midshipmen who have suffered four consecutive losing seasons, is the most important player in this rise. Navy (5-0,3-0 American Athletic Conference)…

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…

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