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SailGP Impact League: Great Britain wins

Posted to Maritime Reporter on July 13, 2024

The Great Britain SailGP Team of Hannah Mills and Ben Ainslie won the Impact League season four for its sustainable efforts. Denmark, last year's champions, came in second and Switzerland third. The Impact League, which measures how SailGP teams are reducing their carbon footprints…

Germany refuses to be intimidated by Russia following a reported plot against Rheinmetall CEO

Posted to Maritime Reporter on July 12, 2024

The German government announced on Friday that Berlin takes reports of an assassination plot against the head of Rheinmetall arms manufacturer very seriously. It will not be intimidated by Russian threats. CNN and The New York Times reported on Thursday that U.S.

Eneco Ocean Winds and Otary bid on Belgian wind tender

Posted to Maritime Reporter on July 12, 2024

On Friday, Eneco Ocean Winds, and Otary, wind developers, announced that they had formed a consortium in order to compete for an offshore wind tender. The tender is to develop wind energy in the Princess Elizabeth Zone in the Belgian North Sea.

Olympic-Foils fuel a wind of change for high speed sailors

Posted to Maritime Reporter on July 11, 2024

Max Maeder, Singapore's gold-medal hopeful, is the poster child of sailing's sea changes since the last Olympics. 'Foiling' classes, such as his Kiteboarding discipline, will make up half the 10 events at the 2024 Olympics, compared to only one event in Tokyo.

EU wheat drops to a two-week low due to Russian supplies

Posted to Maritime Reporter on July 10, 2024

Euronext Wheat Futures dropped on Wednesday, reaching a new two-week low. Improved harvest prospects and lower prices in the top exporter Russia continued weighing on sentiment. Euronext's front-month September wheat settled at 220.75 Euros…

Glover is Britain's hope to restore rowing's reputation at the Olympics

Posted to Maritime Reporter on July 10, 2024

The rowing competitions at the Paris Games will see Britain trying to get back on top after a disappointing performance in Tokyo ended their recent reign of Olympic dominance. The British rowers won the gold medal in 2008, 2012, and 2016, but…

UK power company SSE builds 2 GW of offshore wind farm in Netherlands

Posted to Maritime Reporter on July 9, 2024

British power generator SSE and network operator said Tuesday that it would proceed, along with joint venture partners, in developing a 2 gigawatt off-shore wind farm in The Netherlands. SSE stated that the wind farm will be operational by the end this decade.

The Olympics-Kayak Cross is set to make an impact in the canoeing competitions in Paris

Posted to Maritime Reporter on July 9, 2024

Canoeing will see some major changes at the Paris Games. The main ones are the addition of exciting kayak cross races, and a greater focus on gender equality. Some well-known athletes will return to the Games to try to increase their medal count.

Avangrid sells Kitty Hawk North to Dominion Energy

Posted to Maritime Reporter on July 8, 2024

Avangrid is the U.S. subsidiary of Spain's Iberdrola. The companies announced on Monday that Avangrid has agreed to sell the Kitty Hawk North offshore lease area to utility Dominion Energy, for approximately $160 million. Dominion announced that Kitty Hawk Wind North…

British renewable industry presses the new government to increase auction budget

Posted to Maritime Reporter on July 8, 2024

The UK's renewables sector has asked the Labour Party to increase its renewable auction budget to hundreds of millions to meet the offshore wind targets and the wider goal of decarbonising the grid. Labour won the British election last week.

Italian authorities block a migrant rescue vessel funded by Banksy

Posted to Maritime Reporter on July 3, 2024

The charity that runs the ship said Wednesday that a rescue vessel funded by British street-artist Banksy was grounded in port for 20 consecutive days because it refused to obey Italian authorities' orders for migrants to disembark. The Louise…

German government looks at lifeline for struggling luxury shipbuilder

Posted to Maritime Reporter on July 3, 2024

A spokesperson for the German economy ministry said that the government may consider supporting Meyer Werft, which is one of the largest cruise ship builders in the world. The company, which is struggling to cut costs, has planned hundreds of job cuts.

Three missing and three dead after boat capsizes near Portugal

Posted to Maritime Reporter on July 3, 2024

The maritime authority reported that three people were killed and three others missing after a 17-member crew fishing boat capsized on Wednesday off the central coast of Portugal. In a press release, the maritime authority stated that "11 people…

Vitol acquires three LNG bunkering ships

Posted to Maritime Reporter on July 3, 2024

The commodity trader announced in a Wednesday release that Vitol had secured three LNG bunkering ships through its shipping company. The vessels were obtained through a time charter agreement of seven to ten years with Avenir LNG Limited, and…

European shares increase after Powell's dovish remarks; focus on elections

Posted to Maritime Reporter on July 3, 2024

Investors welcomed the dovish remarks of Federal Reserve Chair Jerome Powell, and looked forward to the second round in France and the UK national elections. As of 0845 GMT the pan-European STOXX 600 Index was up 0.6%, marking a second consecutive session of gains.

Financial Times - July 3,

Posted to Maritime Reporter on July 3, 2024

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. Hipgnosis Song Management announced that its founder Merck Mercuriadis will step down from…

DOF Group acquires Maersk Supply Service at $1.11 billion

Posted to Maritime Reporter on July 2, 2024

Norwegian shipping company DOF Group announced on Tuesday that it had signed an agreement with Maersk Supply Service Holding to purchase a Maersk Supply Service from them for $1.11 billion. The deal was a combination of cash and stocks. In the agreement, DOF will pay A.P.

Italy seizes Chinese military drones bound for Libya

Posted to Maritime Reporter on July 2, 2024

Italian customs and police said that they intercepted two Chinese military drones disguised as wind-turbine equipment and bound for Libya. A joint statement stated that the drones had been disassembled and were hidden in six containers in the port of Gioia Tauro, in the southern region Calabria.

U.S. crude oil gains pared as storm forecast spares oil patch offshore

Posted to Maritime Reporter on July 2, 2024

The forecast track of Hurricane Beryl continues to steer it away from the major offshore production areas of the U.S. regulated northern Gulf of Mexico. Brent crude futures rose 24 cents or 0.28% to $86.84 per barrel at 10:20 AM CDT (1520 GMT). U.S.

Nine approved offshore wind projects move US closer to 2030 target.

Posted to Maritime Reporter on July 2, 2024

The U.S. The U.S. With the approval of the New Jersey project, the U.S. is now over a third way towards the 2030 target - an important part of President Joe Biden’s climate change agenda. Last year, high materials costs, high rates of interest and delays in the supply chain led Orsted…
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