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UKMTO reports that a ship has reported damage following an encounter with a vessel without crew off Yemen.

Posted to Maritime Reporter on August 22, 2024

A vessel reported a minor explosion near it after a collision with an uncrewed ship 57 nautical mile south of Yemen's Aden port, the United Kingdom Maritime Trade Operations said on Thursday. The ship and crew were in good health and the vessel was moving to its next destination.

Three migrants drowned in the river that runs between Serbia and Bosnia

Posted to Maritime Reporter on August 22, 2024

Local media, citing an official, reported that at least three migrants drowned, and others were still missing, when their boat capsized on Thursday morning as they attempted to cross the Drina River from Serbia into Bosnia and Herzegovina. Civilian Defense Director Boris Trninic…

Sources say that Germany is planning to take a majority stake in the troubled cruise shipbuilder.

Posted to Maritime Reporter on August 22, 2024

Sources familiar with the situation said on Thursday that the German government intends to buy a majority stake in Meyer Werft - one of the top cruise ship builders in the world - as part of its support for the company. Sources said that Chancellor Olaf Scholz…

China claims it has monitored and warned the US destroyer that was in the Taiwan Strait

Posted to Maritime Reporter on August 22, 2024

China's military claimed that it had warned and monitored a U.S. destroyer Thursday as it crossed the Taiwan Strait, the latest time that the waterway has been traversed in a sensitive manner. China asserts that it has jurisdiction in the Taiwan Strait. In a press release, the 7th Fleet of the U.S.

Grain-World supply of wheat is down to a large extent; corn and soybeans are on the rise

Posted to Maritime Reporter on August 21, 2024

Chicago Board of Trade Wheat Futures declined on Wednesday, as world supplies were heavy and Black Sea exports were cheap. Prices fell ahead of an upcoming rail strike in Canada on Thursday. Chicago soybeans ticked up as the U.S. Agriculture…

EU wheat reaches new 5-month low due to Black Sea pressure

Posted to Maritime Reporter on August 21, 2024

Euronext Wheat prices fell on Wednesday to their lowest level in five months as the strength of the euro and cheaper Black Sea wheat supplies pushed down prices. The December wheat position, which was the most active on Paris' Euronext exchange…

Lukashenko releases a TV journalist and a union leader from Belarus in newest prisoner release

Posted to Maritime Reporter on August 21, 2024

Human rights activists reported that Belarusian president Alexander Lukashenko had freed 13 prisoners who were convicted of political crimes, including an old trade unionist, and a former journalist for state television suffering from a tumor in the brain.

South Korean mills purchase 50,000 T of wheat from the U.S.

Posted to Maritime Reporter on August 21, 2024

European traders reported that a group of South Korean mills purchased an estimated 50,000 tons of milling grain to be sourced in the United States at an international auction on Wednesday. All the wheat was purchased FOB for shipment between October 16 and November 15.

Sources say that Rosneft has resumed LPG deliveries from the Rospan unit following a fire.

Posted to Maritime Reporter on August 21, 2024

Two industry sources said on Wednesday that Rosneft had resumed the loading of liquefied petrol gas (LPG), following a disruption caused by an fire last month. Data from commodity exchanges also showed this. Sources said that the shipments were resumed this week after being halted since July.

Scholz to visit a troubled German shipbuilder in hopes of state aid

Posted to Maritime Reporter on August 21, 2024

Meyer Werft, a luxury shipbuilder, announced that German Chancellor Olaf Scholz would visit the company on Thursday. The announcement raised hopes for the luxury shipbuilder to receive support from the German government in order to close a hole of 2.7 billion euros ($3.00 billion).Thomas Gelder…

Tunisia purchases 75,000 T of soft wheat at tender, traders claim

Posted to Maritime Reporter on August 21, 2024

European traders reported that Tunisia's grain agency purchased approximately 75,000 metric tonnes of soft wheat at an international auction on Wednesday. They said that traders believed that 50,000 tons of coal was purchased from Aston Trading House in two consignments of 25…

Canada - Aug 21

Posted to Maritime Reporter on August 21, 2024

These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. Data released on Tuesday showed that Canada's annual rate of inflation slowed to a low of 2.5%, which was in line with forecasts.

Clifford Chance shocked after missing lawyer in yacht accident

Posted to Maritime Reporter on August 20, 2024

A prominent New York attorney who is one of six passengers missing from a sunken boat off the coast of Italy was travelling with his longtime British client, British technology entrepreneur Mike Lynch. This happened just weeks after he helped him avoid conviction for a 12-year legal battle.

Fertilizers Canada estimates that rail shutdowns could cost the industry C$63 million a day

Posted to Maritime Reporter on August 20, 2024

Fertilizer Canada warned that disruptions to all rail services in Canada will cost the industry between C$55 ($40.34) and C$63 ($46.21) million in lost revenue. This does not include logistical or operational costs. Canada is the world's largest exporter and producer of potash…

Philippine: China Coast Guard is hindering confidence building

Posted to Maritime Reporter on August 20, 2024

The Philippines said Tuesday that China's coastguard was not helping to build trust in the South China Sea after accusing them of ramming their vessels and damaging them in the latest of a series of incidents. The Philippines calls on China…

Paris wheat falls to 5-month-low as Euro and Black Sea competition weigh

Posted to Maritime Reporter on August 19, 2024

Euronext Wheat fell Monday to a five-month new low, as the gains in the dollar against the euro highlighted the export struggles of western European wheat in comparison with cheaper Black Sea wheat. The poor harvests in France, Germany and other…

Egypt is still on track to achieve its goal of 3.8 million tonnes by the end of this year

Posted to Maritime Reporter on August 19, 2024

Egypt remains confident of securing its target of around 3.8 million metric tonnes of imported wheat by the end of 2024, through a combination of tenders, direct purchases and government-to-government agreements, a minister said on Monday. Egypt's General Authority for Supply Commodities…

Source: UK's Mike Lynch is missing after his yacht sinks in Sicily

Posted to Maritime Reporter on August 19, 2024

A person familiar with the search operation reported that British tech entrepreneur Mike Lynch was missing on Monday after his luxury yacht was hit by a violent thunderstorm and sank near the Sicilian capital Palermo. Lynch, 59 years old, was…

Six missing and one dead after yacht sinks in Sicily

Posted to Maritime Reporter on August 19, 2024

Italian media reported that six people are missing and one person has died after a luxury boat was hit by a whirlwind off the coast Palermo in Sicily. The Italian coast guard and fire brigade had said earlier that divers were searching for missing people…

Seven people missing and 15 rescued following a sailboat sinking off Sicily

Posted to Maritime Reporter on August 19, 2024

Italian media reported that a 50-metre sailing boat with 22 people aboard sank early Monday morning off the coast Palermo in Sicily. Seven people remain missing. The Italian Coast Guard and firefighters saved 15 people including a young child…

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