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EU Wheat drifts as Black Sea Supply Hangs Over Market

Posted to Maritime Reporter on July 24, 2024

Euronext Wheat Futures were not much changed on Wednesday, as export competition by Black Sea supplies curbed prices. Traders also sought to learn more about the extent of damage caused by a wet harvest in Western Europe. The September wheat…

Meloni, Italy's Meloni, to visit China with a trade and investment agenda this week

Posted to Maritime Reporter on July 24, 2024

A person involved in planning said that Giorgia Melons first visit to China since she took office will be from July 26-31. She is hoping to improve trade between China and Italy. Meloni is expected to meet Chinese Premier Li Qiang and President Xi Jinping.

IOM: 15 people dead, 150 missing following boat capsize off Mauritania

Posted to Maritime Reporter on July 24, 2024

The International Organization for Migration said that 15 people died and 150 others were missing when a boat with 300 passengers capsized on Monday near the capital of Mauritania, Nouakchott. One of the most dangerous migration routes in the world is the Atlantic route…

The wet season is increasing migration risks, and ten people have been found dead in Darien Gap.

Posted to Maritime Reporter on July 24, 2024

Panamanian border police reported that 10 migrants drowned in their attempt to cross Darien Gap, a perilous gap between Panama and Colombia. National Border Service (Senafront), a service of the National Border Service, said that the bodies…

Georgia investigates an alleged plot against the ruling party's founder

Posted to Maritime Reporter on July 24, 2024

Georgia's State Security Service said Wednesday that it was investigating an assassination plot against former Prime Minister Bidzina ivanishvili. She is the honorary chairperson of the ruling party. In a Facebook post, the State Security Service…

Jordan does not purchase 120,000 T of barley

Posted to Maritime Reporter on July 24, 2024

European traders claim that Jordan's state grain purchaser is not believed to have purchased any barley in the international tender for animal feed barley, which closed on Tuesday. Jordan is expected to issue a new tender for feed barley of 120…

Jordanian traders report that Jordan has issued a tender for the purchase of 120,000 metric tonnes wheat.

Posted to Maritime Reporter on July 24, 2024

Jordan's national grain buyer issued a tender for 120,000 metric tonnes of milling wheat that can come from optional origins. European traders confirmed this on Wednesday. The deadline to submit price proposals in the tender is 30 July. Traders…

Singapore Port Authority and Ship Owner to Transfer Naphtha Cargo from Fire-hit Tanker

Posted to Maritime Reporter on July 24, 2024

The MPA announced on Wednesday that Hafnia Oil Tanker owner Hafnia is in discussions with Singapore's Maritime and Port Authority about transferring damaged naphtha cargo to a secure location. On July 19, the tankers Hafnia Nile, flying the Singapore flag…

DSV Freight expects earnings to increase from Red Sea disruption

Posted to Maritime Reporter on July 24, 2024

DSV, a Danish shipping company, said that it expected disruptions in the Red Sea to have a positive effect on its earnings during the second half. Third-largest global freight forwarder, a company that operates in sea, air and roads divisions…

Media and officials report five dead after a plane from Nepal skids and catches on fire.

Posted to Maritime Reporter on July 24, 2024

Media and officials reported that at least five people died after a small aircraft caught fire on Wednesday after it skidded off the runway as it took off from Kathmandu, Nepal's capital. Arjun Chand Thakhuri, the Airport Security Chief, said…

Crown Estate of Britain posts record profits from offshore wind licensing

Posted to Maritime Reporter on July 23, 2024

Crown Estate in Britain, which manages the public property of King Charles, reported a record profit of 1.1 billion pounds (1,42 billion dollars) for 2023/24, boosted by offshore wind leases. The results were released on Wednesday. Crown Estate…

Guardian reports that six people are believed dead after a fishing boat sinks near the Falkland Islands

Posted to Maritime Reporter on July 23, 2024

The Guardian reported that six people may have perished after a fishing boat flying the Saint Helena flag sank near the Falkland Island coast. It said that 14 of the 27 crew believed to be on board had been rescued. The report said that seven other crew members were still missing.

Crown Estate of Britain posts record profits from offshore wind licensing

Posted to Maritime Reporter on July 23, 2024

Crown Estate in Britain, which manages the public property of King Charles, reported a record profit of 1.1 billion pounds (1,42 billion dollars) for 2023/24, boosted by offshore wind leases. The results were released on Wednesday. Crown Estate…

Brazil Soymeal Exports Reach Record High in July

Posted to Maritime Reporter on July 23, 2024

The Brazilian soybean meal exports were estimated at 2.40 million tons in July. This would be a record monthly high if confirmed by the month's end, according to data released on Tuesday by the grains exporter association Anec. Anec has revised up its July soymeal estimate from the 2…

West, a UK-based ship insurer, has problems with paying claims to a Russian company that is under sanctions

Posted to Maritime Reporter on July 23, 2024

West, a UK ship insurer, said that it would be difficult to pay claims for ships involved with accidents or collisions involving other vessels insured by the sanctions-hit Russian Ingosstrakh. This is another indication of the difficulties with Moscow's oil trading.

UN representative to Yemen says the threat of Houthi to Red Sea shipping has grown.

Posted to Maritime Reporter on July 23, 2024

Hans Grundberg, the U.N.'s Special Envoy for Yemen, told the U.N. Security Council that recent developments in the Red Sea suggest the threat of international shipping by Yemen's Houthis has grown. Grundberg, in a briefing about the situation…

Port of Corpus Christi reports 1.7% growth in volume for Q2 2024

Posted to Maritime Reporter on July 23, 2024

In the second quarter 2024, the Port of Corpus Christi in Texas moved 50.1 millions tons of goods along the Corpus Christi Ship Channel, an increase of 1.7% compared to the same period of last year. Corpus Christi has oil refineries, shipping ports and is a major crude oil exporting location.

Leonardo's fighter jet program survives UK defence review

Posted to Maritime Reporter on July 23, 2024

According to a Leonardo executive, a British review of defence policy will not affect a multi-billion dollar fighter jet project being developed by Italy and Japan, as well as the United Kingdom. The Global Combat Air Programme (GCAP) is being developed by BAE Systems in Britain…

Citi leads to LME warehouses in lucrative rental deals

Posted to Maritime Reporter on July 23, 2024

Three sources with knowledge of the matter confirmed that Citi delivered large quantities of lead to London Metal Exchange approved warehouses in Singapore for lucrative financial deals on Monday. The total LME stock of battery metal has now reached its highest level since early May.

UK ends use of controversial Bibby Stockholm migrant boat

Posted to Maritime Reporter on July 23, 2024

As part of its overhauling of the asylum system the new Labour government in Britain will stop using the controversial Bibby-Stockholm barge for migrants to be housed off the South Coast of England, the statement said. The Conservative government…

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