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…
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.
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.
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.
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.
Posted to Maritime Reporter
on
August 26, 2024
The European wheat price fell again on the Monday due to a stronger trend in euro, which made it more expensive on world markets. EU wheat is facing stiff competition from cheaper Black Sea origins. The benchmark December milling grain on Paris' Euronext fell 1.8% to 205 euros ($228.88)…
Posted to Maritime Reporter
on
August 26, 2024
The European wheat price fell again on the Monday due to a stronger euro, which made it more expensive on world markets. EU wheat is facing stiff competition from cheaper Black Sea origins. The benchmark December milling grain on Paris' Euronext…
Posted to Maritime Reporter
on
August 25, 2024
The International Organization for Migration said that 13 people were killed and 14 are still missing after a boat capsized near Yemen on Tuesday. IOM reported that the boat carrying 25 Ethiopians, two Yemenis and two Yemenis was sailing off the coast in Yemen's Taiz Governorate, southwest.
Posted to Maritime Reporter
on
August 24, 2024
A prosecutor in Italy has launched a manslaughter probe into the death of British tech magnate Mike Lynch, and six others who died when a luxury boat sank near Sicily last week. Ambrogio Cartosio is the head of the public prosecutor’s office in Termini Imerese.
Posted to Maritime Reporter
on
August 23, 2024
Authorities said that a 39-year old migrant died after the Greek Coastguard opened fire at a vessel transporting migrants near the island of Symi, in the eastern Aegean. The coastguard stated that the man "probably died from a bullet". It also…
Posted to Maritime Reporter
on
August 23, 2024
Euronext Wheat fell on Friday for the third consecutive day, holding near its five-month low. A rising euro and an abundance of grain from the Black Sea at a lower price kept traders pessimistic about export prospects. The December wheat contract…
Posted to Maritime Reporter
on
August 23, 2024
Local media reported that the death toll had risen to 11 after a boat of migrants capsized as it tried to cross from Serbia into Bosnia and Herzegovina. Zlatan Simic, the head of the local firefighting team in the eastern Bosnian city of Bratunac told Srna…
Posted to Maritime Reporter
on
August 23, 2024
A company spokesperson revealed that Norway's state controlled energy giant Equinor had cancelled plans to invest into Vietnam's offshore sector. This is a blow for Vietnam's green energy ambitions. According to the World Bank Group's report…
Posted to Maritime Reporter
on
August 23, 2024
The Ukrainian Navy confirmed Friday that it destroyed a ferry that was being used to transport fuel and weapons into occupied Crimea. Local authorities said earlier that the ferry had been damaged and set on fire in the attack Thursday in the southern Krasnodar Region of Russia.
Posted to Maritime Reporter
on
August 23, 2024
The defence ministers from Australia, Britain, and the United States announced that a U.S. nuclear-powered sub will undergo maintenance for the first-time in Australia on Friday. This is a crucial step taken by AUKUS partner countries to deter aggressive behavior in the Indo-Pacific.
Posted to Maritime Reporter
on
August 22, 2024
Mike Lynch, a tech tycoon, who drowned when his luxury yacht capsized off Sicily spent over a decade creating Britain's largest software company. He also fought for almost the same amount of time against charges that he inflated its value to get a multibillion-pound deal.
Posted to Maritime Reporter
on
August 22, 2024
On Thursday, during a trip to Meyer Werft to meet with workers, Olaf Scholz, the German Chancellor, assured them that the German government was working on a deal for the shipyard, which is 229 years old and is one of the largest cruise ship builders in the world.Scholz…
Posted to Maritime Reporter
on
August 22, 2024
German Chancellor Olaf Scholz assured Meyer Werft workers on Thursday that government worked with owners and banks to ensure the future of shipyard. Meyer Werft is home to one the largest builders of luxury cruise ships. Scholz, in an address to the works council…
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.
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…