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Sunday, November 17, 2024

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The stretched US Navy looks to new risky waters in the South China Sea

Posted to Maritime Reporter on August 29, 2024

While two U.S. battle groups of aircraft carriers patrolled the Indian Ocean in an effort to prevent Iran from attacking Israel and sparking major regional conflict this week, a very distinct military messaging campaign was underway at a luxury conference center in Manila. Every year, the U.S.

US announces Oregon offshore wind auction date in October

Posted to Maritime Reporter on August 29, 2024

On Thursday, the Biden administration announced that it would auction off two areas of land near the southern Oregon coast to offshore wind developers in October. The administration plans to install wind turbines on every U.S. coast, and this sale is a key part of that plan.

After the first day of America’s Cup, Sailing-New Zealand damaged boat on shore

Posted to Maritime Reporter on August 29, 2024

New Zealand's AC75 America's Cup vessel sustained damage when it was lifted out of the water at Barcelona. They will not race on Friday until they have assessed its full extent. New Zealand confirmed that all members of its team were safe after the incident on Thursday…

New Zealand assesses damage after a crane failure on America's Cup Opening

Posted to Maritime Reporter on August 29, 2024

New Zealand, the America's Cup defenders, said that a crane failed when lifting their AC75 out of water following racing in Barcelona. However, all team members are safe. Onshore, the incident occurred as the competition began for the oldest…

Iran: Houthis have agreed to a truce with tugboats so they can reach the damaged oil tanker

Posted to Maritime Reporter on August 28, 2024

Iran's New York mission at the United Nations said that the Houthi group, which is aligned with Iran in Yemen, has agreed to a short-term truce to enable tugboats and other rescue vessels to reach the damaged crude oil tanker Sounion under Greek flag in the Red Sea. Iran's U.N.

Sources say that the German state government is likely to buy 80% of a shipbuilder.

Posted to Maritime Reporter on August 27, 2024

Two sources with knowledge of the situation said on Tuesday that the German government and the state of Lower Saxony will likely acquire around 80% of Meyer Werft in order to secure the company's future as one of the largest cruise shipbuilders in the world.

Canada - Aug 22

Posted to Maritime Reporter on August 22, 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 failed negotiations with a major union, Canadian National Railway…

Sources say that Germany is planning to take a majority stake in the troubled cruise shipbuilder.

Posted to Maritime Reporter on August 22, 2024

Sources familiar with the situation said on Thursday that the German government intends to buy a majority stake in Meyer Werft - one of the top cruise ship builders in the world - as part of its support for the company. Sources said that Chancellor Olaf Scholz…

Euronext Wheat Slips Again amid Export Gloom

Posted to Maritime Reporter on August 23, 2024

Euronext Wheat fell on Friday for the third consecutive day, holding near its five-month low. A rising euro and an abundance of grain from the Black Sea at a lower price kept traders pessimistic about export prospects. The December wheat contract…

Canada - Aug 23

Posted to Maritime Reporter on August 23, 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. The Teamsters union announced that workers at Canadian National Railway…

Taiwan's president rejects China rule on frontline island

Posted to Maritime Reporter on August 23, 2024

Taiwan's President Lai Ching-te, who was visiting the frontline island to commemorate a major battle between Chinese and Taiwanese forces, said that Taiwan rejects being controlled by China's Communist Party. China's military conducted another…

Australia performs first maintenance on US nuclear submarine

Posted to Maritime Reporter on August 23, 2024

The defence ministers from Australia, Britain, and the United States announced that a U.S. nuclear-powered sub will undergo maintenance for the first-time in Australia on Friday. This is a crucial step taken by AUKUS partner countries to deter aggressive behavior in the Indo-Pacific.

China claims it has monitored and warned the US destroyer that was in the Taiwan Strait

Posted to Maritime Reporter on August 22, 2024

China's military claimed that it had warned and monitored a U.S. destroyer Thursday as it crossed the Taiwan Strait, the latest time that the waterway has been traversed in a sensitive manner. China asserts that it has jurisdiction in the Taiwan Strait. In a press release, the 7th Fleet of the U.S.

Grain-World supply of wheat is down to a large extent; corn and soybeans are on the rise

Posted to Maritime Reporter on August 21, 2024

Chicago Board of Trade Wheat Futures declined on Wednesday, as world supplies were heavy and Black Sea exports were cheap. Prices fell ahead of an upcoming rail strike in Canada on Thursday. Chicago soybeans ticked up as the U.S. Agriculture…

EU wheat reaches new 5-month low due to Black Sea pressure

Posted to Maritime Reporter on August 21, 2024

Euronext Wheat prices fell on Wednesday to their lowest level in five months as the strength of the euro and cheaper Black Sea wheat supplies pushed down prices. The December wheat position, which was the most active on Paris' Euronext exchange…

Canada - Aug 21

Posted to Maritime Reporter on August 21, 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. Data released on Tuesday showed that Canada's annual rate of inflation slowed to a low of 2.5%, which was in line with forecasts.

Clifford Chance shocked after missing lawyer in yacht accident

Posted to Maritime Reporter on August 20, 2024

A prominent New York attorney who is one of six passengers missing from a sunken boat off the coast of Italy was travelling with his longtime British client, British technology entrepreneur Mike Lynch. This happened just weeks after he helped him avoid conviction for a 12-year legal battle.

Fertilizers Canada estimates that rail shutdowns could cost the industry C$63 million a day

Posted to Maritime Reporter on August 20, 2024

Fertilizer Canada warned that disruptions to all rail services in Canada will cost the industry between C$55 ($40.34) and C$63 ($46.21) million in lost revenue. This does not include logistical or operational costs. Canada is the world's largest exporter and producer of potash…

Paris wheat falls to 5-month-low as Euro and Black Sea competition weigh

Posted to Maritime Reporter on August 19, 2024

Euronext Wheat fell Monday to a five-month new low, as the gains in the dollar against the euro highlighted the export struggles of western European wheat in comparison with cheaper Black Sea wheat. The poor harvests in France, Germany and other…

Source: UK's Mike Lynch is missing after his yacht sinks in Sicily

Posted to Maritime Reporter on August 19, 2024

A person familiar with the search operation reported that British tech entrepreneur Mike Lynch was missing on Monday after his luxury yacht was hit by a violent thunderstorm and sank near the Sicilian capital Palermo. Lynch, 59 years old, was…

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