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GRAINS-Wheat declines, but remains near peak for one week due to Black Sea supply concerns

Posted to Maritime Reporter on November 20, 2024

Chicago wheat futures were slightly lower on Wednesday, despite renewed threats of disruptions in Black Sea supplies due to the escalation of the conflict in Ukraine. The contract was still near its one-week high. As of 0427 GMT the most active wheat contract on Chicago Board of Trade fell 0.66%…

Wheat falls due to supply pressure; soybeans rebound from a one-month low

Posted to Maritime Reporter on November 25, 2024

Chicago wheat prices fell Monday due to ample supplies, as the fear of a worsening conflict between Russia and Ukraine threatening Black Sea exports receded. Soybeans are up on the back of increased buying interest following contract lows in the last week.

Wheat falls due to supply pressure; soybeans rebound from a one-month low

Posted to Maritime Reporter on November 25, 2024

Chicago wheat prices eased Monday due to ample supplies. The market gave up gains made earlier by concerns over Black Sea shipments. Corn fell, but soybeans rose. One grains trader from Singapore said that the market for wheat was initially supported by the escalations around Black Sea…

Australia dominates the Dubai SailGP opener

Posted to Maritime Reporter on November 23, 2024

DUBAI (Nov 23) - Triple SailGP champions Australia began their campaign for 2025 with authority, taking the lead on the first day of racing in Dubai. The Australians showed off their tactical skills in a new, striking livery. Chris Draper joined…

EU wheat prices pause after a 6-day rally due to the Black Sea crisis and weak euro

Posted to Maritime Reporter on November 22, 2024

The price of European wheat fell on Friday, after six sessions of gains. This was due to the improved prospects of the Australian harvest. However, the sharp drop in the euro and the intensification of the conflict in Ukraine continued to support the market.

Chicago wheat to rise 6% weekly on Black Sea supply concerns

Posted to Maritime Reporter on November 22, 2024

Chicago wheat prices eased slightly on Friday, but are still expected to gain 6% in the week, after Russia launched an hypersonic missile into a Ukrainian town, raising fears about possible disruptions of exports. As of 1230 GMT the most active wheat contract on Chicago Board of Trade was down 0.1…

Chicago wheat to rise 6% a week on Black Sea supply concerns

Posted to Maritime Reporter on November 22, 2024

Chicago wheat rose on Friday and is expected to gain more than 6% in the coming week. This was due to a Russian hypersonic missile being launched at a Ukrainian town, which raised concerns about possible disruptions of exports. As of 0355 GMT…

Sources say that Rongsheng Petchem, a Chinese company, will buy heavy oil in February from Canada and Ecuador.

Posted to Maritime Reporter on November 22, 2024

According to sources in the trade, Rongsheng Petrochemical purchased 2.65 million barrels (or 98.4 million gallons) of heavy crude oil for delivery in February from the Americas. Sources said that the three Canadian crude cargoes, each of which is 550…

Rolex increases SailGP support as crews head to Dubai for the new season

Posted to Maritime Reporter on November 21, 2024

SailGP's fifth season will begin in Dubai at the weekend, with Rolex as the title sponsor. This partnership has been in place since the creation of the league. Rolex has been involved with sailing for almost 70 years and will become the title…

Euronext Wheat extends rally, with Black Sea as focus

Posted to Maritime Reporter on November 21, 2024

The benchmark European wheat price rose for the fifth session in a row on Thursday, reaching a record high of three weeks. This was due to the fall of the euro against the dollar as well as a Russian missile attack against Ukraine that kept…

Black Sea concerns persist as EU wheat prices rise with Chicago

Posted to Maritime Reporter on November 20, 2024

The European wheat futures closed higher on Wednesday as a result of a turnaround in Chicago. News that Ukraine fired more Western missiles at Russia sparked fears about a war escalate. Euronext was also boosted by the fall of the euro in relation to the dollar.

Trinidad signss production sharing agreement for offshore gas block with BP

Posted to Maritime Reporter on November 19, 2024

The energy ministry announced that Trinidad and Tobago signed a production-sharing agreement on Tuesday with a British oil and gas company BP unit for the exploration and production of natural gas in a shallow water area. The agreement comes…

Louis Dreyfus opens new sugar transshipment facility in Brazil

Posted to Maritime Reporter on November 19, 2024

The agricultural firm Louis Dreyfus announced on Tuesday the construction of a new transshipment sugar terminal in Brazil's Sao Paulo State, which is expected to be finished by mid-2025. Executives from the company claim that the new terminal…

UK maritime agency reports that a vessel off the coast of Yemen reported a missile hitting nearby sea.

Posted to Maritime Reporter on November 18, 2024

The United Kingdom Maritime Trade Operations said that a vessel located 60 nautical miles south of Yemen's Aden reported a missile splashing in the water within its proximity on Monday. UKMTO said that both the vessel and crew were in safety.

UK maritime authority: Ship near Yemen reports missiles fell into Red Sea nearby

Posted to Maritime Reporter on November 17, 2024

The United Kingdom Maritime Trade Operations agency (UKMTO), which is responsible for coordinating the UKMTO's maritime trade operations, said that a ship traveling through the Red Sea, 25 nautical miles west from Al-Mukha in Yemen, reported…

Canada - Nov 15

Posted to Maritime Reporter on November 15, 2024

These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. After the Canadian Union of Postal Workers and Canada Post failed to agree on a new collective contract…

Hapag-Lloyd CEO says Trump's election win is a mixed bag for shipping

Posted to Maritime Reporter on November 14, 2024

Hapag-Lloyd's CEO said that Donald Trump's election as U.S. president sends mixed signals to global shipping. Positive macroeconomic effects could be offset by damaging tariffs. When asked about the prospects of a Trump Administration, CEO Rolf Habben Jansen said…

US East Coast and Gulf Coast ports employer: No significant progress made on contract issue

Posted to Maritime Reporter on November 13, 2024

This week, the union representing dockworkers on the East Coast and Gulf Coast and a group of employers conducted a second round of contract negotiations. However, they failed to make any significant progress in some key areas. The International…

Nexans, a manufacturer of offshore wind cables, says that it could turn its US facility into an export hub

Posted to Maritime Reporter on November 13, 2024

Nexans announced on Wednesday that it would convert its U.S. plant into an export center if Donald Trump's second term as president brought challenges to the offshore wind industry. In Charleston, South Carolina, the French power and data cables specialist makes underwater cables for the U.S.

Ferretti Yachts reduces its full-year forecast pending US orders confirmation

Posted to Maritime Reporter on November 13, 2024

Ferretti, the luxury Italian yacht manufacturer, reduced Wednesday its guidance for full-year adjusted core profit (EBITDA), and revenue pending confirmations of U.S. yacht orders in its "composite segment". Ferretti's "Composite Yachts" are the smallest yachts in its three product lines.

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