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Yven is the first woman to win Transat Paprec in two dramatic finishes

Posted to Maritime Reporter on May 9, 2025

Charlotte Yven became the first woman in history to win the Transat Paprec two times, crossing the Caribbean finish with co-skipper Hugo Dhallenne. This was after a nail biting final that saw all 13 top boats finish within 3 hours of one another.

Dalin still hungry to defend IMOCA crown

Posted to Maritime Reporter on May 9, 2025

Charlie Dalin is aiming to defend his IMOCA Globe Series championship with the same methodical precision he has made his trademark for offshore racing. The 40-year old French skipper who shaved nine days from the previous record for the round…

Paris wheat contract returns to lows; Black Sea rain benefits crops in rivals

Posted to Maritime Reporter on May 8, 2025

European wheat prices dropped on Thursday, returning to contract lows as rain forecasts for Black Sea crops increased the prospect of more export competition. Dealers waited for planned U.S. China trade talks. The benchmark September milling…

Rain from the Black Sea helps rival exporters' crops when Paris wheat is affected

Posted to Maritime Reporter on May 8, 2025

The European wheat market fell Wednesday, as the rain forecasts for Black Sea crops increased the prospect of export competition. Dealers were also awaiting planned U.S. China trade talks scheduled this weekend. U.S. Wheat Futures in Chicago fell as well, further reducing Euronext's prices.

Maersk keeps 2025 outlook unchanged; Q1 profits beat forecast

Posted to Maritime Reporter on May 8, 2025

Shipping group A.P. Moller-Maersk reported a first-quarter operating income that was above expectations on Thursday and maintained its profit forecast for the full year. In a press release, CEO Vincent Clerc stated that "we delivered strong results in comparison to the same quarter of last year.

After a fatal sinking, the salvage of Lynch's yacht will begin in Italy

Posted to Maritime Reporter on May 7, 2025

In the next few weeks, the recovery of British tech-tycoon Mike Lynch’s superyacht will begin. This will shed some light on the mystery of how an allegedly unsinkable vessel ended up in the sea back in August. In just 16 minutes, the Bayesian capsized from the stern and sank…

Orsted Q1 exceeds expectations

Posted to Maritime Reporter on May 7, 2025

Orsted, a renewable energy company, reported on Wednesday a profit operating above expectations for the first quarter. However, it said that the offshore wind industry is still facing challenges. Orsted's value has fallen by 80% since its peak in 2021…

Malta to repair a ship that was reportedly bombed allegedly by drones

Posted to Maritime Reporter on May 6, 2025

Malta's government announced on Tuesday that it will carry out repairs on an aid ship in international waters after the vessel was reportedly attacked by two drones on Friday morning. The Freedom Flotilla Coalition is an international NGO that operates the "Conscience".

Paris wheat contract hits lows due to good weather and strong euro

Posted to Maritime Reporter on May 5, 2025

Euronext wheat contracts fell to new lows on Sunday as rain forecasts in the Black Sea region export region appeared to be increasing supplies among rival exporters, while the export-punishing strength of euro added doubts about demand for Western European Wheat.

Paris wheat contract hits lows due to good weather and strong euro

Posted to Maritime Reporter on May 5, 2025

Euronext wheat contracts fell to new lows on Sunday as rain forecasts in the Black Sea region export region appeared to be increasing supplies among rival exporters, while an export-punishing strength of the euro added doubts about demand for Western European Wheat.

Berntsson leads the charge in Congressional Cup semifinals.

Posted to Maritime Reporter on May 3, 2025

The 60th Long Beach Yacht Club Congressional Cup is a tight race between four teams for the two semi-final spots. Only two flights remain in the double-round-robin stage. Four skippers are separated by just one point in a high stakes race that…

Team racing is back with bold new format and new boats

Posted to Maritime Reporter on May 2, 2025

Next month, after a decade of sporting inactivity, the team racing world championship will roar to life when 12 crews are determined to rewrite sport's hierarchy. Organisers announced on Friday that the 2025 Team Racing World Championship, which…

Monnin finishes second in the Congressional Cup

Posted to Maritime Reporter on May 2, 2025

Eric Monnin, from Switzerland, delivered a masterclass of match racing on Thursday at the 60th Long Beach Yacht Club Congressional Cup. He won all three races and surged into second place. As the second round of qualifying begins, the Swiss…

La Folie Douce is heading to Portsmouth for apres-ski.

Posted to Maritime Reporter on May 1, 2025

This summer, La Folie Douce will bring their high altitude hedonism and champagne sprays to Britain's premier sailing event. SailGP will return to British shores on the 19-20th of July with a new waterfront bar where the French Alps party atmosphere…

Poole takes to the field for 60th anniversary of Congressional Cup

Posted to Maritime Reporter on May 1, 2025

Chris Poole, the defending champion of the 60th Anniversary Congressional Cup has made a bold statement of intent by steering his Riptide racing team to six victories in a row on Wednesday's first day of competition. Long Beach's sea breeze…

Orsted sells UK offshore wind farm stake for $606 Million

Posted to Maritime Reporter on May 1, 2025

Orsted announced on Thursday that it had sold a 24.5% share in an offshore wind farm in the UK for approximately 456 million pounds (606 million dollars) to Schroders Greencoat funds. It said that the world's largest offshore wind developer…

Pip Hare, Canada Ocean Racing's new foiling weapon, joins the charge

Posted to Maritime Reporter on April 30, 2025

Canada Ocean Racing announced on April 30 that it has signed British offshore sailing superstar Pip Hare to compete in The Ocean Race Europe 2020. The team is preparing to reveal a new foiling IMOCA boat ahead of the competition. The seven-team race starts in Kiel…

CME launches new Black Sea Wheat contract in June

Posted to Maritime Reporter on April 29, 2025

CME Group announced on Tuesday that it will launch in June a new Black Sea Wheat Futures Contract, which will track the export prices of Romania and Bulgaria. CME's latest effort to develop grain derivatives is in the critical Black Sea export zone.

At least eight migrants drowned in a migrant boat that sank off Tunisia, and 29 were rescued

Posted to Maritime Reporter on April 28, 2025

A security official said that the coast guard of Tunisia recovered eight bodies from the wreckage of a boat which sank near the coast on its way to Europe. He added that 29 others were also rescued. The boat capsized in the waters near Abwabed…

French CMA CGM acquires Turkish Borusan Logistics subsidiary for $440 million

Posted to Maritime Reporter on April 27, 2025

According to a Turkish filing, CEVA Corporate Services, a subsidiary of French shipping giant CMA CGM, has agreed to buy Borusan Tedarik Zinciri Cozumleri ve Teknoloji's logistics division for $440m. Borusan Yatirim stated in the filing on the…

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