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Maritime Blogs North America

Lou Dobbs was a former Fox Business and CNN presenter who died at the age of 78.

Posted to Maritime Reporter on July 23, 2024

Lou Dobbs died on Thursday at the age 78. He was a former Fox Business host and CNN anchor who supported Republican former president Donald Trump. Trump, the Republican candidate for president, said that "the Great Lou Dobbs just passed away" on his Truth Social platform.

British Business – July 23,

Posted to Maritime Reporter on July 23, 2024

These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch their accuracy. LVMH, the luxury goods conglomerate, and its billionaire founder bought a stake of Bicester Village as…

Freeport LNG resumes exports in Texas as gas processing ramps-up

Posted to Maritime Reporter on July 23, 2024

Freeport LNG, the second-largest liquefied gas exporter in the United States, has resumed shipments following a shutdown of operations due to Hurricane Beryl. The processing is on track to reach half its capacity by Monday, according preliminary LSEG figures.

Freeport LNG resumes exports in Texas as gas processing ramps-up

Posted to Maritime Reporter on July 23, 2024

According to preliminary LSEG information, the U.S.’s second largest liquefied gas exporter, Freeport LNG, has resumed shipments following a shutdown of operations in advance of Hurricane Beryl. The processing is on track to reach half its capacity by Monday.

Rotational trade transforms small caps into Wall Street darlings

Posted to Maritime Reporter on July 23, 2024

The U.S. Small-Cap Stocks are experiencing a long-awaited moment. This is due to the expectation of rate cuts, and improved prospects of Donald Trump's election as Republican Presidential candidate, who advocates policies that benefit smaller domestic companies.

Israeli Defence Minister: Yemeni strike is a message

Posted to Maritime Reporter on July 23, 2024

On Saturday, Defence Minister Yoav Galant stated that Israel had struck the Houthis after they injured an Israeli. Gallant stated in a press release that "the fire currently burning in Hodeidah is visible across the Middle East, and its significance…

Bernice Johnson Reagon was a singer and civil rights activist in the United States who died at age 81.

Posted to Maritime Reporter on July 23, 2024

Bernice Johnson Reagon was an American civil rights advocate who used her stirring alto to fight racism. Her daughter announced on Wednesday that she died at the age of 81 on Tuesday. Toshi Reagon announced her mother's death on Facebook. She is also a musician.

After being stopped by the coast guard, a fire-hit tanker enters Malaysia's terminal area

Posted to Maritime Reporter on July 23, 2024

Shipping data from LSEG & Kpler revealed that a tanker involved in a collision last week near Singapore entered the Bertam floating oil storage terminal area on Monday morning, after being intercepted on Sunday by local authorities. On Friday…

Canadian crude exports to the US Gulf Coast are down only a little despite TMX's launch

Posted to Maritime Reporter on July 23, 2024

Shipping tracking data revealed that in June, about 150,000 barrels of Canadian crude per day (bpd), slightly less than the average, were exported to the U.S. Gulf Coast. This was despite the Trans Mountain Pipeline (TMX) expansion, which pushed some barrels towards Vancouver.

Early US back-to school sales by retailers hastens peak ocean shipping season

Posted to Maritime Reporter on July 23, 2024

Walmart, Target, and Shein retailers started back-to school sales early in order to prevent Amazon.com Prime Day from stealing U.S. sales for backpacks and computers. This helped advance the peak ocean-shipping season by two-months and increase already high freight rates.

Financial Times - July 19,

Posted to Maritime Reporter on July 23, 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. Overview - On Thursday, the Bank of England announced that it was experiencing a temporary outage of its CHAPS interbank payments system.

Freeport LNG's slow restart after Beryl has created a Texas tanker bottleneck.

Posted to Maritime Reporter on July 23, 2024

Shipping data released on Thursday shows that the number of LNG tankers awaiting loading at Freeport LNG, Texas, has increased since last week when the U.S.'s second largest LNG exporter halted its processing in anticipation of Hurricane Beryl. Beryl hit Texas on July 8, near Matagorda.

Air India sends ferry to Russia to pick up stranded US bound passengers

Posted to Maritime Reporter on July 23, 2024

Air India announced on Friday that a plane containing food and other necessities was heading to Russia to pick up passengers who were stranded there after an earlier flight bound for San Francisco made an emergency landing. Air India's aircraft…

EU wheat recovery stalls due to Black Sea supply

Posted to Maritime Reporter on July 23, 2024

The European Wheat Futures were little altered on Thursday, as the rebound from its four-month low was halted amid fierce export competition due to Black Sea supplies. The price of front-month wheat for September on Euronext remained unchanged at 215.00 Euros ($234.63) per metric ton.

Freeport LNG's slow restart after Beryl has created a Texas tanker bottleneck.

Posted to Maritime Reporter on July 23, 2024

Shipping data released on Thursday shows that the number of LNG tankers waiting at Freeport LNG, Texas, has increased since last week when the U.S.'s second largest LNG exporter halted its processing in preparation for Hurricane Beryl. Beryl hit Texas on July 8, near Matagorda.

Vineyard Wind warns about more debris coming from Massachusetts offshore wind farm

Posted to Maritime Reporter on July 23, 2024

Vineyard Wind warned on Thursday that debris from an offshore wind turbine which broke could wash up along the Massachusetts coastline after a large portion of the damaged shaft fell into the sea. The company stated that although crews work to remove debris from the ships…

EU wheat recovery stalls due to Black Sea supply

Posted to Maritime Reporter on July 23, 2024

The European Wheat Futures fell on Thursday, as the rebound from its four-month low was stalled by stiff competition from Black Sea exports. The price of front-month September wheat at the Paris-based Euronext Exchange was down by 0.2% to 214.50 euro ($233.98), per metric tonne, as of 1528 GMT.

Vineyard Wind incident is not the first time a GE Vernova turbine has broken down

Posted to Maritime Reporter on July 23, 2024

The Vineyard Wind offshore project, which dispersed shards and fiberglass along Massachusetts beaches this week, was the latest of a string of wind turbines manufactured by GE Vernova to fail. According to a recent analysis of wind power incidents…

CMA CGM, the shipping giant, signs AI agreement with Google

Posted to Maritime Reporter on July 23, 2024

The French shipping and logistic company CMA CGM announced Thursday that it has entered into a partnership agreement with Alphabet’s Google in order to accelerate the deployment of AI across all its global operations. CMA CGM strives to improve…

Sea drone alert in Russia's Black Sea port ends

Posted to Maritime Reporter on July 23, 2024

On Thursday morning, the mayor of Novorossiisk in Russia's Black Sea port issued a sea-drone alert that lasted more than two full hours. Meanwhile, a group unmanned Ukrainian boats were destroyed near Crimea. In his first message sent via Telegram…