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Tuesday, May 6, 2025

Maritime Blogs

Data shows that the price of Russian Urals oil remains below the Western price cap

Posted to Maritime Reporter on May 6, 2025

Calculations based on LSEG's data show that since April 3, the price of Urals oil in Russian ports along the Black Sea and Baltic Sea has been below the cap set by Western nations. The Group of Seven (G7) countries have introduced a price cap…

John Keefer, a Korn Ferry Tour regular, gets an invite to the PGA Championship

Posted to Maritime Reporter on May 6, 2025

John Keefer, representing Baylor, finished 11th at the NCAA Championship in late May 2024. This was a great way to cap off a five-year campaign. The Korn Ferry Tour player has only played 17 rounds at 64 or higher in sanctioned PGA Tour play since then.

Three people are dead and nine missing after a small boat capsizes in San Diego

Posted to Maritime Reporter on May 5, 2025

U.S. authorities said that at least three people, including two children were dead and nine others missing after a small vessel capsized on rough seas north of San Diego in what appeared to be a migrant smuggling effort. The U.S. Coast Guard…

Israeli strikes Yemen's Hodeidah following Houthi attacks on Israel

Posted to Maritime Reporter on May 5, 2025

Israel said that it conducted airstrikes on Yemen's Hodeidah Port Monday, one day after Iran-aligned Houthis launched a missile near Israel's primary airport. In a press release, the military claimed that it had attacked targets it considered terrorists in Hodeidah.

Three drowned when a small boat capsized near San Diego

Posted to Maritime Reporter on May 5, 2025

Authorities told NBC News, among other media outlets, that at least three people died after a small vessel capsized in the Pacific Ocean, north of San Diego. The U.S. Coast Guard also said they were searching for nine people who had gone missing.

Paris wheat contract hits lows due to good weather and strong euro

Posted to Maritime Reporter on May 5, 2025

Euronext wheat contracts fell to new lows on Sunday as rain forecasts in the Black Sea region export region appeared to be increasing supplies among rival exporters, while the export-punishing strength of euro added doubts about demand for Western European Wheat.

Paris wheat contract hits lows due to good weather and strong euro

Posted to Maritime Reporter on May 5, 2025

Euronext wheat contracts fell to new lows on Sunday as rain forecasts in the Black Sea region export region appeared to be increasing supplies among rival exporters, while an export-punishing strength of the euro added doubts about demand for Western European Wheat.

Olympics-Long Beach Olympics? LA Games will bring attention to vibrant coastal city

Posted to Maritime Reporter on May 5, 2025

Long Beach will be the host city for 11 events at the Los Angeles Olympics of 2028. Long Beach is a vibrant coastal town in southeast Los Angeles County, with a rich sporting and cultural heritage. Los Angeles Mayor Rex Richardson says the city…

GRAINS-Soybeans easing after rally. U.S. Trade and crop condition news to be awaited

Posted to Maritime Reporter on May 5, 2025

Chicago soybean futures declined on Monday, as traders awaited news on potential U.S. China trade talks in the face of increasing competition from Brazil. Wheat and corn fell, as traders awaited positive news about the state of U.S. crops. Chicago…

Philippine Coast Guard: China ship illegally surveying EEZ

Posted to Maritime Reporter on May 5, 2025

The Philippines deployed a coastguard vessel and an airplane to confront and escort the Chinese research ship that it claimed was engaged in illegal marine scientific research within its exclusive economic zone. PCG released a statement Monday…

CNBC reports that the Berkshire Board unanimously votes to name Greg Abel CEO of Berkshire from 2026.

Posted to Maritime Reporter on May 5, 2025

CNBC, citing anonymous sources, reported that the board of Berkshire Hathaway unanimously voted to make Greg Abel its president and CEO beginning next year. This move marks the official start of the transition process that will see Warren Buffett…

Hanwha Ocean, a South Korean shipbuilder, targets US Navy orders amid Trump's efforts to build shipbuilding relations

Posted to Maritime Reporter on May 5, 2025

Hanwha Ocean, a South Korean shipbuilder, hopes to increase its revenue from overseas naval vessels to 4 trillion won (2.91 billion dollars) by 2030. It also hopes to receive more repair orders from U.S. Navy. After President Donald Trump's executive order to restore U.S.

South Korea's MFG purchased 65,000-70,000 T corn privately, traders claim

Posted to Maritime Reporter on May 5, 2025

Major Feedmill Group of South Korea (MFG) bought between 65,000 and 70,000 metric tonnes of animal feed corn late last week in a private transaction without issuing a tender to the international market, European traders reported on Monday. The estimated cost per ton was $248.40, including freight.

State media reports that nine people have been killed in China after four tourist boat capsizes

Posted to Maritime Reporter on May 5, 2025

State media reported that nine people were killed when "sudden powerful winds" capsized 4 tourist boats in Southwestern China and swept 84 people into water. The Xinhua News Agency reported that a person was still missing and the search for her was continuing…

Berntsson leads the charge in Congressional Cup semifinals.

Posted to Maritime Reporter on May 3, 2025

The 60th Long Beach Yacht Club Congressional Cup is a tight race between four teams for the two semi-final spots. Only two flights remain in the double-round-robin stage. Four skippers are separated by just one point in a high stakes race that…

US Navy tests sea based hypersonic launch system in Florida

Posted to Maritime Reporter on May 2, 2025

The U.S. Navy announced Friday that it had successfully tested an advanced hypersonic launch system from a space-based base at Cape Canaveral Space Force Station, Florida. This is a major step towards deploying these weapons at sea. The Navy tested its cold-gas approach to launch…

Two dead after Peru Navy vessel strikes Perenco oil platforms in Amazon

Posted to Maritime Reporter on May 2, 2025

The Peruvian Defense Ministry announced on Friday that two people were killed and another was missing after a Peruvian Navy vessel collided on the Amazon River with a Perenco oil platform. The B.A.P. was navigating the area during a transit operation.

Team racing is back with bold new format and new boats

Posted to Maritime Reporter on May 2, 2025

Next month, after a decade of sporting inactivity, the team racing world championship will roar to life when 12 crews are determined to rewrite sport's hierarchy. Organisers announced on Friday that the 2025 Team Racing World Championship, which…

Monnin finishes second in the Congressional Cup

Posted to Maritime Reporter on May 2, 2025

Eric Monnin, from Switzerland, delivered a masterclass of match racing on Thursday at the 60th Long Beach Yacht Club Congressional Cup. He won all three races and surged into second place. As the second round of qualifying begins, the Swiss…

La Folie Douce is heading to Portsmouth for apres-ski.

Posted to Maritime Reporter on May 1, 2025

This summer, La Folie Douce will bring their high altitude hedonism and champagne sprays to Britain's premier sailing event. SailGP will return to British shores on the 19-20th of July with a new waterfront bar where the French Alps party atmosphere…

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