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The University Boat Race crewing row creates waves

Posted to Maritime Reporter on March 19, 2025

Three Cambridge University rowers have been barred from participating in this year's Boat Race because they do not hold degrees. An independent interpretation panel ruled, after an Oxford objection that the three Cambridge Rowers were PGCE and not degree students and were therefore ruled-out.

ArcelorMittal South Africa has entered into discussions to delay the closure of a long-running steel plant

Posted to Maritime Reporter on March 19, 2025

ArcelorMittal South Africa announced on Wednesday that it was in discussions with the government and others parties about funding to delay the planned closing of its long-stack steel operation. After discussions with the government, the steelmaker…

UNHCR: Six migrants dead, 40 missing after shipwreck near Lampedusa in Italy

Posted to Maritime Reporter on March 19, 2025

A spokesperson for the United Nations Refugee Agency (UNHCR), said that at least six migrants had died and forty were missing following a shipwreck near the Italian island of Lampedusa. Separately, the Italian coastguard confirmed that it intervened…

Turkey announces a 1 million ton corn import quota

Posted to Maritime Reporter on March 19, 2025

The Turkish government announced on Wednesday a 1,000,000 metric ton limit for the import of animal feed corn. This was published in the Turkish Official Gazette. Imports within the quota are allowed at a lower customs duty. Last summer, Turkey…

Markert's death is a shock to the Olympic community

Posted to Maritime Reporter on March 19, 2025

PYLOS (GREECE), March 19, 2019 - On Wednesday, the Olympic community paid tributes to World Sailing Vice-President Line Markert after she, her partner and their son died in a plane accident in Switzerland. Thomas Bach, President of the International Olympic Committee (IOC)…

The euro is still strong, and it weighs down on EU wheat as Trump-Putin's call is monitored

Posted to Maritime Reporter on March 18, 2025

The benchmark wheat price on Euronext dropped on Tuesday. This was due to the continued strength of the euro, and a more subdued market in Chicago. Traders were watching U.S.-Russian negotiations aimed at a ceasefire agreement in Ukraine. Euronext's…

What is Crimea?

Posted to Maritime Reporter on March 18, 2025

The Crimean Peninsula, which Russia took from Ukraine in 2014., is the focal point of the most serious East-West conflict since the Cold War. It was widely believed that the fate of Crimea, and four provinces in which Russia has taken territory since it invaded Ukraine in 2022…

VTB CEO: Deal between VTB and Rosneft over Zvezda Shipyard dead

Posted to Maritime Reporter on March 18, 2025

VTB CEO Andrei Kostin announced on Tuesday that the deal for VTB to buy the Zvezda Shipbuilding Yard from Rosneft has fallen through because VTB-owned United Shipbuilding Corporation cannot finance the purchase. VTB currently runs USC, Russia’s largest shipbuilder.

Cyprus recovers seven dead bodies after a migrant boat capsizes

Posted to Maritime Reporter on March 17, 2025

Cyprus's national broadcaster reported that seven bodies were recovered from the sea off Cyprus after authorities launched a search-and-rescue operation in response to a capsize of a boat containing migrants. The broadcaster reported that an unspecified number were believed to have gone missing.

Oil prices rise on US attacks on Houthis and China's economic hopes

Posted to Maritime Reporter on March 17, 2025

The oil prices rose on Monday as the United States pledged to continue attacking the Houthis in Yemen until they stop their attacks on shipping. Meanwhile, Chinese economic data fueled hopes of higher demand. Donald Trump, the President of the United States…

New Zealand leads SailGP Los Angeles on the first day

Posted to Maritime Reporter on March 15, 2025

Peter Burling, the skipper of New Zealand's SailGP team, took two victories out of four races in the sunny and breezy conditions of Los Angeles Harbour on Saturday. New Zealand, which won the first race in Dubai, took the top spot on the final day with 31 points.

Thyssenkrupp moves forward with spin-off warship division

Posted to Maritime Reporter on March 14, 2025

Thyssenkrupp said it is pursuing a plan to spin off a minority stake of its warship division. The newly created holding will be listed at the Frankfurt Stock Exchange. The company said it was in talks with the German Government about a possible…

State oil company executive says Nigeria can meet OPEC production target

Posted to Maritime Reporter on March 11, 2025

A senior executive of Nigeria's national oil company NNPC told reporters on Tuesday that Nigeria would be able meet OPEC production targets. Udobong Nitia is the executive vice president for upstream at NNPC. He said that after years of not meeting OPEC quotas Nigeria finally met them in January.

Russell: Crude oil battle for market share may start in Asia

Posted to Maritime Reporter on March 11, 2025

Saudi Arabia and Russia, the top crude oil exporters in Asia, are boosting their cargoes for the region that is world's largest importer. China, which is the largest oil importer in the world, has emerged as the ground zero of the two exporters…

Russell: Crude oil battle for market share may start in Asia

Posted to Maritime Reporter on March 11, 2025

Saudi Arabia and Russia, the top crude oil exporters in Asia, are boosting their cargoes for the region that is world's largest importer. China, which is the largest oil importer in the world, has emerged as the ground zero of the two exporters…

Vitol CEO: China's GDP growth and concerns about demand threaten oil prices globally

Posted to Maritime Reporter on March 10, 2025

Vitol CEO Russell Hardy stated on Monday that the recent slowdown in economic growth, both in China and worldwide, has had a negative impact on oil demand. Benchmark oil prices fell to a three-year-low of $68.33 per barrel last week, and traded below $70 on Monday.

Algeria announces tender for milling wheat traders claim

Posted to Maritime Reporter on March 10, 2025

European traders reported on Monday that Algeria's state grain agency OAIC had issued a tender for the international purchase of milling wheat. The deadline to submit price offers for the tender is March 12th, with all offers valid until March 13th.

UK Coastguard responds after ship collision near northeast coast

Posted to Maritime Reporter on March 10, 2025

The Maritime and Coastguard Agency announced on Monday that Britain's Coastguard was responding to reports about a collision involving a cargo vessel and a tanker off England's Northeastern Coast. The agency reported that a helicopter, fixed-wing aircraft and lifeboats…

Ferretti, the Italian yacht manufacturer, is looking to acquire a new boat this year

Posted to Maritime Reporter on March 10, 2025

Ferretti, the Italian yacht manufacturer, plans to acquire a company or asset this year. The Chief Executive did not specify whether it would be a brand name, a yard, or something else. Alberto Galassi, CEO of the company, told journalists that there were three files.

Data shows that Russia's fuel oil exports by sea fell in February.

Posted to Maritime Reporter on March 7, 2025

Trade and shipping data revealed that Russia's seaborne vacuum gasoil and fuel oil exports fell 15% from the previous months to around 3.3 millions metric tons in February due to lower production and weather conditions, including storms, delays and drone attacks.

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