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Sunday, February 16, 2025

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Estonian Navy prepares to stop vessels in the Baltic Sea

Posted to Maritime Reporter on February 13, 2025

A senior official patrolling the busy Gulf of Finland ship lane on Thursday said that Estonia's Navy is ready to take action against vessels that are a threat to Baltic Sea infrastructure, even if they were in international waters. After a series power…

EU Wheat Exports are now more confident

Posted to Maritime Reporter on February 13, 2025

Euronext Wheat Futures declined for a third consecutive day on Thursday, as the strength of the euro and the results of an Algerian tender highlighted a weak outlook for exports in Western Europe. The price of a metric tonne of March wheat traded on Paris' Euronext closed 0.4% lower at 231…

Sources say that alternative Chinese terminals are now available to accept sanctioned tankers.

Posted to Maritime Reporter on February 13, 2025

Five sources and shipping data indicate that a few newer Chinese terminals have recently begun receiving oil tankers sanctioned from the U.S. This has provided logistical relief after a large port operator suddenly banned such deliveries last week.

Thyssenkrupp increases its free cash flow forecast on submarine orders

Posted to Maritime Reporter on February 13, 2025

Thyssenkrupp, the industrial conglomerate, raised its forecast for free cash flow on Thursday. It cited 1 billion euros in advance payments related to a large submarine order from the German military. The company expects to have a free clash flow between 0 and $300 million euros by 2025.

Sudanese Foreign Minister: Russia and Sudan agree on Red Sea Naval Base

Posted to Maritime Reporter on February 12, 2025

In a press conference broadcast on television in Moscow, Sudanese foreign minister Ali Yusef Sharif announced that an agreement had been reached to create a Russian Naval Base in Sudan. There are no obstacles, we are in total agreement. Sharif…

FranceAgriMer reduces soft wheat export forecast by a new low

Posted to Maritime Reporter on February 12, 2025

The French farm office FranceAgriMer has lowered its forecast for French soft wheat exports to outside the European Union by 2024/25, a record low in this century. This is due to a slow demand from overseas for a French crop that was reduced by rain.

Russia claims that some 300 fishermen stuck on an ice floe have refused to evacuate

Posted to Maritime Reporter on February 12, 2025

The Russian emergency ministry announced on Wednesday that some of the 300 Russians stranded in the Sea of Okhotsk, in the Western Pacific, refused to be evacuated. The ministry posted a message on Telegram saying that 109 fishermen were rescued by helicopters and boats…

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on February 11, 2025

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. ARCELORMITTAL On Monday, President Donald Trump raised the tariffs on imports of steel and aluminum to a flat rate of 25% "without any exceptions or exclusions".

Oman and Australia LNG vessels move west, including one via the Red Sea as Europe increases LNG supply

Posted to Maritime Reporter on February 10, 2025

Shiptracking data revealed on Monday that at least three LNG vessels from Oman and Australia were heading west to deliver the gas, one of which was sailing through the Red Sea. This is because higher prices in Europe are continuing to attract more supplies.

Oman and Australia LNG vessels move west, including one via the Red Sea as Europe increases LNG supply

Posted to Maritime Reporter on February 10, 2025

Shiptracking data revealed on Monday that at least three LNG vessels from Oman and Australia were heading west to deliver the gas, one of which was sailing through the Red Sea. This is because higher prices in Europe are continuing to attract more supplies.

Dorange is the youngest person to ever complete Vendee Globe, at age 23

Posted to Maritime Reporter on February 9, 2025

Violette Dorand, 23 years old, became the youngest person to complete the Vendee Globe. She completed the exhausting solo yacht race around the world on Sunday. Dorange finished the race in the 25th position after 90 days, 21 hours, and 37 minutes of sea travel.

SailGP Sydney: Britain wins thrilling final in Sydney

Posted to Maritime Reporter on February 9, 2025

Dylan Fletcher’s Britain defeated Giles Scott’s Canada in an exciting final on Sydney Harbour on Sunday to win the third round of SailGP and extend their lead in the series standings. Australia with Tom Slingsby as the skipper had won three…

Governor places parts of Russia's Sakhalin in high alert following cargo ship run aground

Posted to Maritime Reporter on February 8, 2025

The governor of Russia's Sakhalin Region said that a district has been placed on high alert following the stranding of a cargo vessel off the southwest coast Sakhalin Island. The governor of Ukraine, Valery Limarenko said in a Telegram message…

SailGP Day One in Sydney: Australia's smooth start dominates

Posted to Maritime Reporter on February 8, 2025

Australia won two out of four races on Saturday, the first day of SailGP's third round. Skipper Tom Slingsby was a master of starting and gave the Australian team the victory. Three-time champions Australia, who won the series' second round in Auckland…

After mid-April, the recovery of Tycoon Lynch’s sunken yacht will begin off Sicily.

Posted to Maritime Reporter on February 5, 2025

Sources close to the situation said on Wednesday that the superyacht, which sank in Sicily last April and killed British tech tycoon Mike Lynch, as well as six other people, would be recovered after its mast was dismantled. The salvage operation is expected to start around the middle of the month.

Wartsila CEO: US energy transition to continue despite Trump

Posted to Maritime Reporter on February 5, 2025

The U.S. will continue to transition away from fossil fuels and towards renewable energy despite the tariffs imposed by President Donald Trump, according to the CEO of the power plant manufacturer Wartsila. The President has outlined a comprehensive plan to maximize oil production.

Hapag-Lloyd claims it can deal with U.S. - China tariffs

Posted to Maritime Reporter on February 5, 2025

Hapag-Lloyd, a container shipping liner, will be able cope with U.S. Tariffs on Chinese Products. This was the chief executive's message to reporters on Tuesday. Rolf Habben Jansen, CEO of Rolf Habben Jansen, said that it was too early to panic…

Fincantieri, Italy's cruise ship manufacturer, wins a $9 billion order from Norwegian Line.

Posted to Maritime Reporter on February 5, 2025

Norwegian Line Holdings and Italian shipbuilder Fincantieri announced on Wednesday that they had reached an agreement for four new cruise ships. A source familiar with the matter estimated that this deal was worth approximately 9 billion euros (9.34 billion dollars).

New Jersey won't be awarding new offshore wind contracts

Posted to Maritime Reporter on February 3, 2025

New Jersey's regulator of public utilities announced on Monday that it will not award new contracts for offshore wind, just days after Shell pulled out of the one project where a final bid had been submitted. Uncertainty regarding federal support of the industry.

Sources say that the daily Tengiz oil production in Kazakhstan reached a record high at the end of January.

Posted to Maritime Reporter on February 3, 2025

Two industry sources who are familiar with the calculations and data say that the daily output of Kazakhstan's biggest field, Tengiz has reached a new record high in late January. This is a 45% increase from the average for 2024. The Kazakh…
The orderbook for U.S. dredgers is about $3B, and according to DCA CEO Bill Doyle, the incoming political administration could help this niche maritime sector continue its bull run.
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