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Wednesday, December 18, 2024

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EU wheat stabilizes after a decline with Black Sea exports as a focus

Posted to Maritime Reporter on October 23, 2024

The benchmark wheat futures traded on Euronext finished slightly higher on Tuesday, after a three day fall. Chicago recovered and traders assessed the impact of Russian government intervention on Black Sea wheat competition. December wheat,…

EU Wheat remains weak as Black Sea Competition hangs over the market

Posted to Maritime Reporter on October 23, 2024

The benchmark wheat futures traded on Euronext declined for the fourth time on Wednesday, as traders weighed up signs of continued export competition by Black Sea wheat supplies against uncertainty about Russian government interventions in wheat trade.

Potash production is nearing pre-war levels, forcing producers to reduce output

Posted to Maritime Reporter on October 23, 2024

The global potash supply has returned to the levels before the invasion of Ukraine. Russia and Belarus have increased shipments to Asia, South America and Europe to avoid Western sanctions, and to pressure producers to reduce output to avoid an oversupply.

Carlyle stops bidding procedure for Thyssenkrupp marine arm

Posted to Maritime Reporter on October 22, 2024

, the German company stated on Tuesday. Czech billionaire Daniel Kretinsky. Thyssenkrupp stated in a reaction to emailed concerns. Thyssenkrupp shares fell as much as 3.7% on the news. partnerships. Carlyle decreased to comment. decreased to offer more details. billion euros ($ 1.73 billion).

Carlyle leaves of bidding procedure for Thyssenkrupp marine system

Posted to Maritime Reporter on October 22, 2024

said on Tuesday. Thyssenkrupp stated in a response to emailed concerns. constructs submarines and frigates. Carlyle decreased to comment. group's continuous restructuring, which also includes prepare for a. 50:50 steel joint venture with Czech billionaire Daniel. Kretinsky.

60th Congressional Cup set to make waves at Long Beach

Posted to Maritime Reporter on October 21, 2024

Long Beach Luxury yacht Club has validated prepare for the 60th edition of its flagship event, the Congressional Cup, scheduled to happen from April 30 to May 4 2025. Given that its debut in 1965, the Congressional Cup has been a foundation of match racing…

US and Canadian navies sail past Taiwan Strait a week after wargames

Posted to Maritime Reporter on October 20, 2024

On Sunday, a U.S. warship and a Canadian one sailed together through the Taiwan Strait less than a fortnight after China held a series of new war games on the island. Beijing had denounced the mission as "disruptive". Once a month, the U.S.

US and Canadian navies sail past Taiwan Strait a week after wargames

Posted to Maritime Reporter on October 20, 2024

On Sunday, a U.S. warship and a Canadian one sailed together through the Taiwan Strait less than a fortnight after China held a series of new war games on the island. Beijing had denounced the mission as disruptive. Once a month, the U.S. Navy…

The dock collapse in Georgia on the US Atlantic Coast has killed at least seven people

Posted to Maritime Reporter on October 19, 2024

At least seven people died after a part of a dock collapsed and sent at least 20 boats into the Atlantic off the coast Georgia, U.S. The U.S. Coast Guard searched for missing persons on Saturday night. Authorities said that the accident, which caused multiple injuries as well…

New Zealand dominates the waves as it focuses on America's Cup.

Posted to Maritime Reporter on October 20, 2024

New Zealand won the 37th America's Cup in Barcelona, Spain this weekend. Now the attention is on the next America's Cup. New Zealand, which had never competed in a final and has not won an event for 60 years, was immediately notified that they would be the "challengers of record".

Sailing New Zealand wins America's Cup by beating Britain

Posted to Maritime Reporter on October 19, 2024

New Zealand won the America's Cup on Saturday with a 7-2 victory over Britain. The win sparked wild celebrations aboard their sleek AC75, before they returned to shore and were welcomed by a traditional Maori welcome. This is the third consecutive win for the New Zealanders…

NOAA: Rising La Nina will deepen drought in US Plains

Posted to Maritime Reporter on October 17, 2024

The National Oceanic and Atmospheric Administration said that a developing La Nina will bring warmer and drier weather than normal to the southern and central U.S. Plains in this winter. This is likely to worsen the drought in the top winter wheat producing area of the United States…

Australia invests billions in nuclear submarine shipyard

Posted to Maritime Reporter on October 15, 2024

Australia announced on Wednesday that it will invest billions of dollar over the next 20 years to expand a Western Australia shipyard, which would be the maintenance hub for the nuclear-powered AUKUS sub fleet. Defence Minister Richard Marles…

Google and Italy discuss bases for a submarine network in Sicily

Posted to Maritime Reporter on October 15, 2024

A cabinet undersecretary revealed on Tuesday that Alphabet's Google was in discussions with the Italian government about plans to establish base stations in Sicily in order to develop infrastructure for an underwater fiber optic cable system across the Mediterranean.

SailGP teams will be using faster T-shaped foils from 2025

Posted to Maritime Reporter on October 13, 2024

SailGP said that it plans to equip its fleet of F50 mono-design boats, starting next year with a new foil type, in order to increase the speed and tighten the racing. The organizers of the global racing circuit's fifth season, which begins in Dubai next month…

Cubans who are missing after 'invisible shipwrecks' on their way to the US cause a painful void in the home

Posted to Maritime Reporter on October 12, 2024

Mayra Ruiz, a Cuban mother, wakes up every day wondering if she will hear from her son Maiquel Gonzalez. Gonzalez vanished without a trace on December 20, 2022, along with 28 family members and friends who fled to Florida in a homemade boat.

Cubans who are missing after "invisible" shipwrecks while en route to the US cause a painful void in their home

Posted to Maritime Reporter on October 12, 2024

Mayra Ruiz, a Cuban mother, wakes up every day wondering if she will hear from her son Maiquel Gonzalez. Gonzalez vanished without a trace on December 20, 2022, along with 28 family members and friends who fled to Florida in a homemade boat.

Citi is optimistic about the strong growth indicators.

Posted to Maritime Reporter on October 9, 2024

The shares of U.S. Cruise Operators, including Norwegian Cruise Line Holdings surged during the midday session on Wednesday, as brokerage Citi becomes bullish about the long-term prospects for these companies. Norwegian Cruise shares rose as…

Euronext Wheat steady as weather, exports and trade weigh

Posted to Maritime Reporter on October 8, 2024

The price of European wheat edged up on Tuesday, as weather risks in Russia coupled with an attack on a grain terminal in Ukraine offset the pressures from export competition. December wheat traded on Paris' Euronext closed 0.5% higher at 229.75 Euros ($252.17) per metric ton…

Trade sources claim that Trader Vitol is selling Venezuelan oil to Indian refiners.

Posted to Maritime Reporter on October 8, 2024

Trade sources reported that two Indian state refiners bought 2,000,000 barrels of Venezuelan oil from Vitol, for delivery in November. This is despite the fact that Venezuelan crude shipments continue to increase to what was previously Venezuela's second-largest oil market.

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