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EU wheat reaches four-week high on Black Sea supply concerns

Posted to Maritime Reporter on September 11, 2024

Euronext Wheat Futures reached a new four-week high on Wednesday as weather setbacks from Russia offset the recent pressure of brisk Black Sea Exports. December wheat, which was the most actively traded position on Paris' Euronext, closed 1.4% higher at 223.00 Euros ($245.52) per metric ton.

German lawmakers approve rescue of Meyer Werft shipbuilder, say the German parliament

Posted to Maritime Reporter on September 11, 2024

Members of the Budget Committee told the German lower house and Lower Saxony's state parliament on Wednesday that they had approved the rescue of Meyer Werft - one of the largest cruise ship builders in the world. The shipbuilder has a financing gap of almost 2.8 billion euros ($3.1 billion)…

Ainslie wants to continue building on British speed gains for the America's Cup.

Posted to Maritime Reporter on September 10, 2024

Ben Ainslie, British Team Captain, said that his team is focused on improving themselves and the AC75 boat before they move into the next phase of America's Cup campaign. The British crew, after what Ainslie described as "rustiness" in the race…

Paris wheat declines from three-week peak amid Black Sea competition

Posted to Maritime Reporter on September 9, 2024

Euronext Wheat Futures eased Monday, as Black Sea exports boosted prices in Paris from their three-week high. The grain markets also showed signs of consolidation as they awaited the widely anticipated U.S. government's crop forecasts, which are due later this week.

After a nationwide blackout, power is beginning to return to Venezuela

Posted to Maritime Reporter on August 30, 2024

On Friday afternoon, power began to be restored in some areas of Venezuela after the capital Caracas as well as much of the rest the country had been plunged into an earlier blackout. The government blamed the opposition for the blackout without providing any evidence.

Paris wheat declines from three-week peak partly due to Black Sea competitors

Posted to Maritime Reporter on September 9, 2024

Euronext Wheat Futures eased Monday, as brisk Black Sea Exports and Chicago weakness encouraged Paris prices from their three-week high. The grain markets also consolidated as they awaited the widely anticipated U.S. government's crop forecasts, which are due later this week.

The French America's Cup dream is over as Britain wins the top board

Posted to Maritime Reporter on September 9, 2024

On Monday, France lost their chance to compete for the coveted America's Cup trophy. Britain, however, won key matches in the round-robin, putting them at the top of the leaderboard. Ben Ainslie and the British team are the leaders in the Louis Vuitton Cup semi-finals.

The British America's Cup defeat ends the French America's Cup dream

Posted to Maritime Reporter on September 9, 2024

France was eliminated from the America’s Cup challenger series on Monday. Their dream of competing for this coveted trophy ended when they were beaten convincingly by Britain off Barcelona in light winds. The Louis Vuitton Cup double round-robin…

GRAINS-Wheat reaches a one-week low due to strong Black Sea Exports

Posted to Maritime Reporter on September 9, 2024

Chicago wheat prices dropped to their lowest level in a week on Monday, as exports from the Black Sea Region kept the market defensive. The price of corn eased, while the price of soybeans increased ahead of a report on supply and demand from the U.S.

Sheinbaum, Sheinbaum: Mexico names Sheinbaum as defense minister and Navy chief

Posted to Maritime Reporter on September 6, 2024

Claudia Sheinbaum, the Mexican president-elect, announced Friday her choices for the top military leaders of the country when she assumes office in the next month. She named General Ricardo Trevilla to be the defense minister and Adm. Raymundo Morales as the leader of the Navy.

United States Gulf Coast-bound fuel oil freights hit 5-yr low as refinery need compromises

Posted to Maritime Reporter on September 6, 2024

the U.S. have softened, experts said. gasoline and diesel utilizing secondary units. But loadings of those items to the Gulf Coast, America's. biggest refining hub, fell by a 3rd in August from the previous. month to 260,000 barrels per day (bpd), according to information from.

"I've got you back," Taiwan's president tells warship sailors in combat readiness

Posted to Maritime Reporter on September 6, 2024

Lai Ching Te, Taiwan's president, told sailors on a warship that was ready for combat at a major naval base in the Taiwan Strait Friday that he would have their backs. He thanked them for protecting Taiwanese safety at a moment of increased tensions with Beijing.

Students at the U.S. Coast Guard Academy are seeking $130 million in damages for alleged sexual assaults

Posted to Maritime Reporter on September 5, 2024

On Thursday, more than a dozen ex-U.S. Coast Guard Academy (USCA) students who claim to have been sexually assaulted filed complaints seeking damages of $130 million. They accused the school of allowing such violence to continue unchecked. Former…

US Navy Secretary violated the law on political activities, says oversight agency

Posted to Maritime Reporter on September 5, 2024

The Office of Special Counsel stated on Thursday that U.S. Navy Sec. Carlos Del Toro had violated a federal law which limits political activity of federal employees by publicly urging people to vote for President Joe Biden, and criticizing former President Donald Trump.

EU wheat declines from 3-week high as Chicago rally stalls

Posted to Maritime Reporter on September 5, 2024

Euronext Wheat Futures fell on Thursday, after reaching a three-week high. A rally to cover shorts in Chicago failed and the competition from Black Sea wheat supplies was still strong. December wheat, which was the most active position on Paris' Euronext exchange…

Autopsies indicate that four victims of the Mike Lynch yacht suffocated to death.

Posted to Maritime Reporter on September 5, 2024

According to judicial sources, the initial examinations conducted on four of those who died when British tech tycoon Mike Lynch’s family yacht sank in Sicily last month showed that they had suffocated as the oxygen on board the vessel ran out.

Low water levels on the Mississippi River impact barges and grain exports before harvest

Posted to Maritime Reporter on September 4, 2024

The U.S. Coast Guard reported on Wednesday that low water levels have caused several barges to run aground in a crucial stretch of the lower Mississippi River just as the busy U.S. grain-export season begins. Low water levels have slowed barge…

Lightning strikes stops America's Cup race off Barcelona

Posted to Maritime Reporter on September 3, 2024

The officials had to stop racing for the day after a lightning storm during a qualifying match between New Zealand, the defending team, and Italy in form on Tuesday. A bolt hit the sea as Italy was leading New Zealand. As holders of the "Auld Mug"…

Peter Apps: The stretched US Navy looks at risky waters in the South China Sea

Posted to Maritime Reporter on September 2, 2024

While two U.S. carrier battle groups were patrolling the Indian Ocean in an effort to prevent Iran from attacking Israel and sparking major regional conflict this week, a different military message was being sent out in a luxurious conference centre in Manila. Every year, the U.S.

New Zealand's America's Cup boats are back in the water

Posted to Maritime Reporter on August 31, 2024

New Zealand, the America's Cup defenders, were back in the water Saturday after repairing damage to their AC75 that was sustained when they pulled it out of water two days earlier. New Zealand's monohull foiling boat suffered serious damage…

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