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Transnet, South Africa's largest transport company, reports higher losses in the latest financial year

Posted to Maritime Reporter on September 2, 2024

Transnet, the state-owned South African logistics group, reported a loss of 7.3 billion Rand ($408,72 million) for the year ending March 2024. This is up from a loss of 5.1 billion Rand a year before. Transnet, a debt-laden company, has been…

Hvaldimir, a Russian spy whale found dead in Norway

Posted to Maritime Reporter on September 2, 2024

According to the non-profit organization that monitored the whale, a beluga whale suspected of spying on behalf of Russia and discovered in Norwegian waters 5 years ago was found dead. A father and son were fishing in southern Norway when they…

The crew of the Mike Lynch yacht recounts its sinking off Sicily

Posted to Maritime Reporter on September 1, 2024

After a tragedy that claimed the lives of Mike Lynch and six others, crew members from Mike Lynch's yacht spoke about the moment a storm submerged the vessel near Sicily. They also described their efforts to save passengers. According to Ansa…

New Zealand's America's Cup boats are back in the water

Posted to Maritime Reporter on August 31, 2024

New Zealand, the America's Cup defenders, were back in the water Saturday after repairing damage to their AC75 that was sustained when they pulled it out of water two days earlier. New Zealand's monohull foiling boat suffered serious damage…

Mike Lynch crew member tells story of being thrown in water

Posted to Maritime Reporter on August 31, 2024

A crew member of Mike Lynch's yacht spoke about being thrown in the water as well as efforts to save passengers when a storm submerged the vessel near Sicily last month. The British tech tycoon was also killed, along with six others. According to Italian news agency Ansa…

China and Philippines accuse one another of ramming vessels in South China Sea

Posted to Maritime Reporter on August 31, 2024

China and the Philippines both accused the other of ramming one another's ships in a disputed part of the South China Sea, in the latest of an increasing number of clashes along this vital waterway. China's coastguard said that a Philippine…

After a nationwide blackout, power is beginning to return to Venezuela

Posted to Maritime Reporter on August 30, 2024

On Friday afternoon, power began to be restored in some areas of Venezuela after the capital Caracas as well as much of the rest the country had been plunged into an earlier blackout. The government blamed the opposition for the blackout without providing any evidence.

The stretched US Navy looks to new risky waters in the South China Sea

Posted to Maritime Reporter on August 29, 2024

While two U.S. battle groups of aircraft carriers patrolled the Indian Ocean in an effort to prevent Iran from attacking Israel and sparking major regional conflict this week, a very distinct military messaging campaign was underway at a luxury conference center in Manila. Every year, the U.S.

Traders to deliver record diesel volumes by supertanker from Asia in August

Posted to Maritime Reporter on August 29, 2024

next month, data from trade sources and shiptrackers revealed. information and two trade sources. rates, stated LSEG Oil Research study experts in an e-mail. , and major trader Trafigura, the information showed. ADNOC and Trafigura both declined to comment. did not react to an ask for comment.

US announces Oregon offshore wind auction date in October

Posted to Maritime Reporter on August 29, 2024

On Thursday, the Biden administration announced that it would auction off two areas of land near the southern Oregon coast to offshore wind developers in October. The administration plans to install wind turbines on every U.S. coast, and this sale is a key part of that plan.

After the first day of America’s Cup, Sailing-New Zealand damaged boat on shore

Posted to Maritime Reporter on August 29, 2024

New Zealand's AC75 America's Cup vessel sustained damage when it was lifted out of the water at Barcelona. They will not race on Friday until they have assessed its full extent. New Zealand confirmed that all members of its team were safe after the incident on Thursday…

New Zealand assesses damage after a crane failure on America's Cup Opening

Posted to Maritime Reporter on August 29, 2024

New Zealand, the America's Cup defenders, said that a crane failed when lifting their AC75 out of water following racing in Barcelona. However, all team members are safe. Onshore, the incident occurred as the competition began for the oldest…

Captain of Mike Lynch’s yacht departs Sicily by private jet

Posted to Maritime Reporter on August 29, 2024

Mike Lynch and six others were killed 10 days ago when his yacht sank near the coast of Sicily. The captain of the yacht, Mike Lynch, flew out from Palermo. James Cutfield, a New Zealander, left the capital of Sicily on a private plane, according to a source in the investigation.

China Coast Guard: Philippines' 'adventurous' actions could lead to incidents

Posted to Maritime Reporter on August 29, 2024

China's Coast Guard urged the Philippines to stop sending missions near a disputed shoal in South China Sea to resupply vessels, warning such "adventurous" actions could trigger unspecified incident. The statement came after a series confrontations and clashes in and around the atoll.

Kumba to invest even more $428 mln in iron ore processing plant upgrade

Posted to Maritime Reporter on August 29, 2024

South Africa's Kumba Iron Ore. will invest an extra 7.6 billion rand ($ 428. million) in processing technology that will treble premium. quality production at its Sishen mine, it said on Thursday. The Anglo American system said the extra financial investment.

Asia leads in fuel oil imports from Nigeria's Dangote, but volumes may decline

Posted to Maritime Reporter on August 29, 2024

for the remainder of the year. at the world's largest bunker hub Singapore. showing up in September, data from analytics firm Kpler revealed. 700,000 heaps this year. ahead. sources said. remark. Processing lower-sulphur crudes such as U.S. senior analyst at LSEG Oil Research.

Iran: Houthis have agreed to a truce with tugboats so they can reach the damaged oil tanker

Posted to Maritime Reporter on August 28, 2024

Iran's New York mission at the United Nations said that the Houthi group, which is aligned with Iran in Yemen, has agreed to a short-term truce to enable tugboats and other rescue vessels to reach the damaged crude oil tanker Sounion under Greek flag in the Red Sea. Iran's U.N.

Analyst APK-Inform reports that the exports of Ukrainian sunoil dropped sharply in August.

Posted to Maritime Reporter on August 28, 2024

Analyst APK-Inform reported on Wednesday that Ukrainian sunflower oil exports fell by 45% in August compared to July due to a limited supply of sunseeds for refineries. According to the consultancy, about 200,000 tons of sunflower oil was exported between Aug. 1 and 25.

Sources say that the German state government is likely to buy 80% of a shipbuilder.

Posted to Maritime Reporter on August 27, 2024

Two sources with knowledge of the situation said on Tuesday that the German government and the state of Lower Saxony will likely acquire around 80% of Meyer Werft in order to secure the company's future as one of the largest cruise shipbuilders in the world.

Jordan purchases 60,000 metric tonnes wheat in tender, traders claim

Posted to Maritime Reporter on August 27, 2024

In an international auction held on Tuesday, Jordan's state grain buyer bought about 60,000 metric tonnes of hard milling whey from optional origins. They said that it was estimated to have been purchased from Ameropa at a cost and freight rate…

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