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Philippine Coast Guard: China anchors "monster ship" in South China Sea

Posted to Maritime Reporter on July 6, 2024

The Philippine Coast Guard said that China's biggest coastguard vessel had anchored in Manila’s exclusive economic zones (EEZs) in the South China Sea and was meant to intimidate their smaller Asian neighbor. A PCG spokesperson, Jay Tarriela…

US wheat futures rise on stronger demand

Posted to Maritime Reporter on July 5, 2024

Chicago Board of Trade Wheat Futures spiked Friday due to an increase in demand for U.S. Wheat, thanks to a lower dollar and availability of desirable new crop wheat. Concerns about the U.S. crop being affected by hot, dry weather during its…

US wheat futures rise on stronger demand

Posted to Maritime Reporter on July 5, 2024

Chicago Board of Trade Wheat Futures spiked Friday due to an increase in demand for U.S. Wheat, traders reported. This was due to the weaker dollar as well as the availability of new-crop wheat. Concerns about the U.S. crop being affected by…

The rowing brothers of Croatia are hoping to win a fourth Olympic gold medal in Paris

Posted to Maritime Reporter on July 4, 2024

The Croatian brothers Valent and Martin Sinkovic prepare for the Paris Olympics by rowing on the crystal-clear waters of Peruca Lake. They hope to win their fourth medal. Valent, 35, and Martin 34, won silver in London, 2012, in the quad. They…

Hurricane Beryl will limit shipping at the Port of Brownsville

Posted to Maritime Reporter on July 3, 2024

Port of Brownsville along the U.S./Mexico border announced on Wednesday it would restrict ship traffic because of hurricane Beryl's gale-force winds. Beryl is a Category 4-hurricane heading towards the Gulf. Michael Davis, the Harbor Master of Port Brownsville…

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.

Ukraine and Russian armed groups claim arson attacks on Moscow warships in the Baltic

Posted to Maritime Reporter on July 3, 2024

An official of the Ukrainian military intelligence said on Wednesday that an April fire on a Russian ship in the Baltic Sea was caused by a combined operation by his GUR agency, and a pro Kyiv Russian military unit. GUR, the Russian intelligence agency…

Sakhalin-2 will suspend oil production for planned maintenance at the end of June or early July, according to sources

Posted to Maritime Reporter on July 3, 2024

Two sources familiar with the operations of the company said that Russia's Sakhalin-2 Project has been suspending its oil production since June due to planned maintenance and repairs on its LNG plant. Sources claim that the maintenance of the…

Sources say that the abandoned tanker Lavant is likely to have sunk in Yemen.

Posted to Maritime Reporter on July 3, 2024

Three navy and security sources confirmed that an abandoned tanker drifting near Yemen's coastline in June disappeared and was believed to have sunk. This is the latest vessel lost on the strategically significant Red Sea. This area is on the…

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.

After drone attacks, Russian authorities in Novorossiysk limit beach access

Posted to Maritime Reporter on July 3, 2024

The mayor of Novorossiysk, a Russian Black Sea port, announced that beach access would be restricted on Wednesday morning. Earlier, he had reported that the defence forces were battling a drone attack at sea. On Telegram, Mayor Andrei Kravchenko…

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…

Taiwan says China seizes fishing boat near Chinese coast

Posted to Maritime Reporter on July 2, 2024

The Taiwan Coast Guard said that Chinese officials boarded a Taiwanese boat and then took it into a Chinese port. This was a further increase in tensions. China considers democratically governed Taiwan its territory. Since President Lai Ching…

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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