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Angola finds offshore gas in its first gas-specific exploration hole

Posted to Maritime Reporter on July 12, 2025

Azule Energy in Angola is a joint venture between BP, Eni and a consortium of local oil and gas companies. It discovered gas during its first exploration well for gas off the coast, according to the national agency ANGP late Friday. The Gajajeira-01…

Brazilian oil may find new markets in the face Trump's tariffs

Posted to Maritime Reporter on July 10, 2025

Experts say that Brazil's oil will remain competitive on the international market even if President Donald Trump's 50% tariff is implemented on August 1. The main Brazilian export to the U.S. is oil. This product was previously exempted from…

The Sailing-Admiral's Cup brings world's elites to Cowes

Posted to Maritime Reporter on July 10, 2025

The Admiral's Cup, which has been absent for two decades, returns to Cowes in this month. A top-tier fleet of international teams, including America's Cup veteran, Olympic medallists, and offshore specialists, will compete for the coveted trophy.

Ferrero nears about $3 billion deal for WK Kellogg, WSJ reports

Posted to Maritime Reporter on July 9, 2025

The Wall Street Journal reported Wednesday that the Italian candy company behind Ferrero is close to a $3 billion deal with WK Kellogg. This was based on the reports of people familiar with this matter. After the bell, shares of WK Kellogg (the…

Gunvor to stop oil terminal operations at Europoort Refinery

Posted to Maritime Reporter on July 9, 2025

Gunvor, the global commodities trading company, plans to stop all terminal operations at its Europoort refinery in Rotterdam (Netherlands), a spokesperson for the company said on Wednesday. Gunvor will consult with the refinery's works council regarding its plans, the spokesperson said.

Exports of cereals from France's Rouen hub to drop by 40% in 2024/25

Posted to Maritime Reporter on July 9, 2025

The operator of the port said that the poor French harvest was the reason for the 40% drop in 2024/25 cereal shipments. Haropa Port, the port operator, said that 5.2 million tons of cereals were loaded in Rouen during 2024/25 compared to 8.7 millions tons in 2023/24.

Rugby-Evergreen nonu resigns with Toulon at age 43

Posted to Maritime Reporter on July 8, 2025

Ma'a Nonu, a New Zealander who played for the New Zealand national team in the 1990s and 2000s, has signed a new one-year contract with Toulon. In February, the evergreen centre surprised Toulon by making a return. He was brought in as medical…

Goodchild's breakthrough IMOCA win makes waves for Britain

Posted to Maritime Reporter on July 7, 2025

Sam Goodchild, a British skipper, has won his first race in the IMOCA class. He led MACIF Sante Prevoyance in the Course des Caps – a 1,800 nautical mile race around Britain and Ireland. Goodchild, who took the lead at Fastnet Rock, off the southwest tip Ireland, never relinquished it.

EU wheat prices ease in U.S. holiday season

Posted to Maritime Reporter on July 4, 2025

The European Wheat Futures dipped on Friday, easing from a week-high. A U.S. Holiday robbed the market of its usual energy and positive harvest prospects. Slow exports also weighed down prices. As of 1618 GMT, September wheat prices on Euronext…

Onuachu side sign by Super Lig, Tall Paul towers to Trabzon and back.

Posted to Maritime Reporter on July 4, 2025

Paul Onuachu, the Nigerian striker who had been on loan at Southampton for a year and a half, has now moved permanently to Trabzonspor. The Saints fans nicknamed him "Tall Paul", but the forward, who stands at 2.01 metres, never really found his feet in the Premier League.

Handelsblatt: German government does not plan to buy stake in TKMS

Posted to Maritime Reporter on July 2, 2025

Handelsblatt, citing sources within the German government, reported that there are no current plans for the new government to acquire a stake in Thyssenkrupp’s defence division TKMS. According to the report the Chancellery and the Ministries…

Germany takes additional measures to combat Russia's "shadow fleet"

Posted to Maritime Reporter on July 1, 2025

The German Foreign Ministry announced on Tuesday that it would take additional measures against Russia's "shadow fleet", which operates in the Baltic Sea and North Sea. Western sanctions designed to cut Russia's oil revenue following its invasion in Ukraine have resulted in the growth of a vast…

Powerboat racing E1 is looking for new investors to finance growth by adding more boats

Posted to Maritime Reporter on July 1, 2025

The E1 World Championship in electric powerboat racing is looking for 20 million euros (about $23,55 million) to help fund its growth. This series has already been backed by many of the biggest names in sports and entertainment. The team owners include Will Smith…

One dead and more missing following a migrant shipwreck near Lampedusa, Italy

Posted to Maritime Reporter on June 30, 2025

A U.N. official reported on Monday that one woman had died, two were missing, and 87 migrants were rescued after a shipwreck near the Italian island Lampedusa. Lampedusa is located between Tunisia and Malta, and the larger Italian Island of Sicily.

As the heatwave continues, low water levels are hampering shipping on Germany's Rhine River.

Posted to Maritime Reporter on June 30, 2025

Commodity traders reported on Monday that a heatwave in Western Europe had lowered the water level on Germany's Rhine River. This has affected shipping and increased freight costs for cargo owners as their vessels could not sail fully loaded.

Irish sisters rewrite playbook for elite youth worlds

Posted to Maritime Reporter on June 27, 2025

Three Irish sisters are rewriting history at the Optimist World Championship, a regatta that is forming the future of sailing. Maeve Donagh, Emily Donagh and Lily Donagh will represent Ireland in the 2025 edition at Portoroz. Together with teammates Charlotte Crosbie…

European Defence Stocks Rise on NATO Spending Promise

Posted to Maritime Reporter on June 26, 2025

The shares of European defence companies rose on Thursday, after NATO leaders supported the demand for increased defence spending by U.S. president Donald Trump on Wednesday. At 0814 GMT on Friday, German company Rheinmetall, and Italian Fincantieri…

After a health scare to the Frenchman, Goodchild takes over as British captain of MACIF

Posted to Maritime Reporter on June 24, 2025

The team announced on Tuesday that French sailing legend Charlie Dalin would miss the entire racing season of 2025 due to health issues. British skipper Sam Goodchild will take over the helm at the IMOCA MACIF Sante Prevoyance Yacht. Despite this year's Vendee Globe champion being absent…

EU wheat prices fall as fears of war fade and harvest approaches

Posted to Maritime Reporter on June 24, 2025

Euronext Wheat Futures dropped sharply on February 2, as traders reported that a tentative ceasefire agreement between Israel and Iran reduced war concerns, while the build-up to large harvests in Northern Hemisphere was maintaining supply pressure.

Oil drops 1% from 5-month highs amid Mideast conflict

Posted to Maritime Reporter on June 23, 2025

Oil prices dropped 1% on Monday, after reaching a five-month peak. Markets were trying to gauge the effect of U.S. airstrikes on Iran over the weekend on the transit of oil and natural gas through the Strait of Hormuz. Brent crude futures fell 70 cents or 0.9% to $76.31 per barrel at 10:46 am ET.

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