Posted to Maritime Reporter
on
October 8, 2024
The Netherlands and Spanish teams qualified for the semi-finals of the America's Cup event on Tuesday after a dominant performance by Sweden in their group. The Swedish crew, which has had more time to practice with the AC40 foiling boat than other teams…
Posted to Maritime Reporter
on
October 8, 2024
The Dutch and Spanish teams qualified for the semifinals in the testing conditions near Barcelona, as well. The Swedish crew, which has had more time to practice with the AC40 foiling boat than other teams, set the pace in a Mediterranean breeze that was shifting.
Posted to Maritime Reporter
on
October 7, 2024
U.S. soybean prices eased Monday as forecasts of rain in the dry areas of Brazil and Argentina, two major exporters, and rising U.S. supply boosted harvesting. Corn futures were pushed higher by solid exports and spillover support provided by a rising crude-oil market.
Posted to Maritime Reporter
on
October 6, 2024
This weekend, sailors celebrated the first America's Cup women's race with tight races and some spectacular slash downs in challenging Mediterranean weather conditions off Barcelona. The America's Cup was dominated by males for its entire 173 year history.
Posted to Maritime Reporter
on
October 5, 2024
The New Zealand Defence Force released a statement saying that a Royal New Zealand Navy vessel ran aground on the southern coast of Upolu, Samoa, on Saturday. Commodore Shane Arndell of the New Zealand Defence Force's maritime component said…
Posted to Maritime Reporter
on
October 5, 2024
The 12 women who will be sailing the AC75s this weekend in the first Women's America's Cup have never sailed the AC75s that their male counterparts use. They aim to fix that by the next America's Cup by showing off their racing abilities in…
Posted to Maritime Reporter
on
October 5, 2024
The 12 women who will be sailing the AC75s this weekend in the first Women's America's Cup have never sailed the AC75s that their male counterparts use. They aim to change that by the time of the next America's Cup by showing off their racing…
Posted to Maritime Reporter
on
October 4, 2024
Euronext wheat fell for a second consecutive day on Friday. It was further down from its three-month highs, as traders took profits and concerns about tight Black Sea supplies subsided. December wheat traded on Paris' Euronext closed 1.5% lower at 228.75 euro ($250.53) per metric ton.
Posted to Maritime Reporter
on
October 4, 2024
Euronext wheat fell for a second consecutive day on Friday. It was further down from its three-month highs, as traders took profits and concerns about tightening Black Sea supply subsided. The December wheat price on Paris' Euronext fell 2.2% to 227.25 Euros ($249.16)…
Posted to Maritime Reporter
on
October 3, 2024
Shipping shares fell across Asia Friday, after U.S. port operators and workers reached an agreement to end the strike at docks on the East Coast and Gulf Coast much sooner than expected. Evergreen Marine, Wan Hai Lines, and Yang Ming Marine…
Posted to Maritime Reporter
on
October 3, 2024
The price of European wheat fell on Thursday, after reaching a record high in three months this week. Traders analyzed a series of reports that cast doubts over Black Sea export supplies. The December wheat price on Paris' Euronext closed 0.6% lower…
Posted to Maritime Reporter
on
October 3, 2024
Dylan Fletcher has become accustomed to winning with the smallest margins. The sailor, who won Britain's Olympic gold medal in the men's skiff by a few centimetres at the 2021 Medal Race is now within one point of clinching the first America's Cup tilt for his country in 60 years.
Posted to Maritime Reporter
on
October 3, 2024
In the wake of a recent strike in U.S. East Coast and Gulf Coast ports, olive oil exporters from Spain, the largest producer in the world, warned that there were no viable alternatives to reach the lucrative U.S. market. Asoliva, the Spanish association of olive oil producers and exporters…
Posted to Maritime Reporter
on
October 3, 2024
Chicago wheat futures slowed down in the early hours of trading on Thursday after reaching 3-1/2-month highs, as supply concerns were sparked by a drought in Russia's top producer and a drone strike on a Ukrainian port. Corn futures were close to their three-month high…
Posted to Maritime Reporter
on
October 2, 2024
The SailGP team announced on Wednesday that Greg Bailey, an entrepreneur from Canada, had acquired the Canadian catamaran. Giles Scott is the British skipper. Scott's move is a major break for the two-time Olympic gold medalist, who replaced Ben Ainslie…
Posted to Maritime Reporter
on
October 1, 2024
CNBC, citing a spokesperson for the company, reported Tuesday that Danish drugmaker Novo Nordisk had mitigation plans in place in order to minimize or avoid any disruption in its production caused by sea port strikes in United States. Reports…
Posted to Maritime Reporter
on
October 1, 2024
The Pentagon fears that the base will be used by the Chinese to establish an outpost in Cambodia. Sun Chanthol, the Deputy Prime Minster of Cambodia, told an event organized by a Washington think-tank that military from any country could visit the port after the base was completed.
Posted to Maritime Reporter
on
October 1, 2024
Officials at the U.S. Federal Reserve were also shocked by the COVID-19 pandemic, which has caused a massive disruption to global supply chains. They thought that the impact of backed-up container ships and disrupted ports would only cause "temporary" inflation.
Posted to Maritime Reporter
on
September 30, 2024
Eversource Energy, a U.S. utility company, said Monday that it expects to incur a net loss of $520 millions on its divestment of offshore wind businesses in the third quarter. In a press release, the company stated that the forecasted loss net includes a liability in excess of $360 millions…
Posted to Maritime Reporter
on
September 30, 2024
New Fortress Energy, a U.S. energy company that specializes in infrastructure development, said it shipped its first shipment of liquefied gas from Mexico to the United States on Monday. This was after the start-up of the floating facility worth $1 billion in the Gulf of Mexico had been delayed.
