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Sunday, December 22, 2024

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Italian Navy Ship Arrives in Albanian Port

Posted to Maritime Reporter on November 8, 2024

A small group of migrants on board an Italian navy vessel docked at an Albanian port Friday, as Rome attempted to salvage its plan to process asylum-seekers abroad after the first attempt was thwarted by legal obstacles. A reporter reported that the ship had arrived before 8 am (0700 GMT).

Traders say EU wheat exports to Morocco get a tax break

Posted to Maritime Reporter on November 7, 2024

Moroccan importers booked several loads of European Union wheat over the past few days, boosting EU exports amid fierce competition in the Black Sea so far this year, traders reported on Thursday. According to traders, Moroccan buyers purchased…

The first Chinese Vendee Globe sailer aims to inspire future generation

Posted to Maritime Reporter on November 7, 2024

Xu Jingkun, the only Chinese skipper among the 12 non French skippers who will start the 10th edition on Sunday of the Vendee Globe, is the first to sail non-stop alone around the world despite having lost his left arm when he was 12. Xu, the…

South Korea's Yoon and Trump discuss security relations, shipbuilding, Seoul official claims

Posted to Maritime Reporter on November 6, 2024

A senior South Korean official revealed on Thursday that South Korean President Yoon Suk Yeol spoke with Donald Trump, the U.S. president-elect. They discussed maintaining close ties in all fields including security and economy. The official…

Financial Times - Nov. 6

Posted to Maritime Reporter on November 5, 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. The Competition and Markets Authority (UK's competition regulator) has approved the domestic…

EU wheat falls to 2-month lows as Egypt's tender shows Black Sea competition

Posted to Maritime Reporter on November 4, 2024

Euronext wheat dropped on Monday to its lowest level in two months as a large number of Black Sea suppliers offered to supply a current Egyptian tender, highlighting the export competition despite Russian efforts to introduce minimum prices for overseas sales.

EU wheat falls to 2-month lows as Egypt's tender shows Black Sea competition

Posted to Maritime Reporter on November 4, 2024

Euronext wheat dropped on Monday to its lowest level in two months as a large number of Black Sea suppliers offered to Egypt's tender highlighted the export competition despite Russian efforts to introduce minimum prices for overseas sales.

Norwegian Cruises increases its annual profit forecast due to robust travel demand

Posted to Maritime Reporter on October 31, 2024

Norwegian Cruise Line Holdings raised its profit forecasts for the fourth time in a row on Thursday, encouraged by strong bookings for sea-based holidays at higher prices. The cruise industry has seen a strong demand for their services this year…

Finland detects jamming of satellite navigation and spoofing on the Baltic Sea

Posted to Maritime Reporter on October 31, 2024

The Coast Guard of Finland said that it had detected constant disruptions in satellite navigation signals over the Baltic Sea from April. In recent weeks, tankers have been spoofing location data in order to hide visits to Russia. Lulu Ranne…

Russia accuses UK using Black Sea to supply Ukraine with weapons

Posted to Maritime Reporter on October 30, 2024

Russia accused Britain on Wednesday of using the Black Sea grain canal to deliver weapons to Ukraine after London denied its allegations that Russian attacks against Ukrainian ports disrupted vital grain supplies for other nations. Last week…

Fincantieri available to \any form\ of collaboration with Thyssenkrupp marine arm

Posted to Maritime Reporter on October 30, 2024

shipbuilder said on Wednesday. best strategy is to give more value and reinforce (Thyssenkrupp. Marine Systems). We are at their disposal for any possible kinds. of collaboration, Fincantieri Chief Executive Pierroberto. Folgiero told Bloomberg television.

Orsted sells stakes to Brookfield in four UK offshore Wind Farms

Posted to Maritime Reporter on October 30, 2024

Orsted, a Danish company, announced on Wednesday that it had sold a 12.45% stake in four of the British offshore wind farms currently in operation to Brookfield for a total amount of 1.75 billion pounds (2.28 billion dollars). As part of an extensive review…

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on October 30, 2024

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The Paris-based investment firm CIAM announced on Tuesday that it would appeal directly to France's financial regulator AMF, urging a public offering of Vivendi stock.

Police say there is no nuclear threat from the fire at BAE's nuclear sub yard in north-west England.

Posted to Maritime Reporter on October 30, 2024

Police said that although a significant fire is still burning at BAE Systems shipyard Barrow-in-Furness in northwest England where the new generation of British nuclear submarines are built, there is no nuclear threat from this incident. Cumbria…

LSEG data show that Turkey increased its Russian Urals oil imports 40% in October.

Posted to Maritime Reporter on October 29, 2024

LSEG data showed that Turkey increased its imports of Russia’s Urals crude to 7,41 million barrels in October from 5,15 million barrels in September, due to a rise in demand and the completion of refinery maintenance. After the STAR refinery…

French Naval vessel passes through Taiwan Strait

Posted to Maritime Reporter on October 29, 2024

The Taiwan Defence Ministry announced on Tuesday that a French naval vessel had passed through the Taiwan Strait. This was the latest Western country to make a trip through this strategic waterway. Around once a year, the U.S. Navy, sometimes accompanied by ships of allied nations…

US Gulf of Maine Offshore Wind Auction is a Test for the Beleaguered Industry

Posted to Maritime Reporter on October 29, 2024

The administration of President Joe Biden will begin the sale of offshore development rights on Tuesday for eight areas near the northern New England coasts. This is a test for industry interest in new investment following a year of high profile setbacks.

Thyssenkrupp's CFO: Possible spin-off of the marine division in 2026

Posted to Maritime Reporter on October 29, 2024

Thyssenkrupp's CFO confirmed that the company is working to spin off its warship division, after Carlyle pulled out of a bid last week. The group has set a realistic date for such a move, 2026, as an example. A spin-off within the next calendar year is ambitious, in my opinion.

The Tunisian coastguard has recovered the bodies of 16 migrants

Posted to Maritime Reporter on October 28, 2024

The national guard reported on Monday that the Tunisian coastguard had recovered 16 bodies from the sea off the coasts of Maloulech and Salakta. This is the latest boat tragedy in the Mediterranean. The bodies were discovered at the weekend, and then again on Monday.

KKR-backed Malaysian OMS signss contract with Dutch firm for cable-laying vessel

Posted to Maritime Reporter on October 28, 2024

OMS Group, a KKR backed Malaysian digital subsea infrastructure company, announced on Monday that it had signed a contract for the construction of a number of cable-laying ships with Dutch maritime firm Royal IHC. OMS stated in a press release…

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