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EU wheat runs on as missile strike reports add to Black Sea concerns

Posted to Maritime Reporter on September 12, 2024

Euronext Wheat Futures rose on Thursday for the third consecutive day, reaching a new peak of one month. Reports that a grain ship had been struck by a missile on the Black Sea kept attention on the supply risks in this vital export zone. The gains were modest…

Media report that six bodies were found near the coast of Sicily, and they are likely victims of a recent shipwreck involving migrants.

Posted to Maritime Reporter on September 8, 2024

Italian media reported that the Italian coast guard had recovered six bodies near the coast of Sicily. The bodies are believed to be among the 21 people who were missing after a shipwreck involving migrants earlier in the month. Italian Coast Guard said that on Wednesday…

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.

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…

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.

The Royal Navy of the UK has confirmed that one person was killed when a helicopter ditched into English Channel

Posted to Maritime Reporter on September 5, 2024

The Royal Navy of Britain announced on Thursday that one person was killed after a helicopter forced to ditch in the Channel during an exercise. The Navy released a statement saying that a Royal Navy member died after a training accident last night.

Seven migrants rescued and 21 still missing after shipwreck near Lampedusa, Italy

Posted to Maritime Reporter on September 4, 2024

Italian media and U.N. officials reported on Wednesday that seven people had been rescued, and 21 were still missing after a shipwreck of migrants off the coasts of Lampedusa and the Italian island. Reports said that the survivors were Syrians…

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"…

After power outage, VTTI oil terminal Rotterdam returns to normal operations

Posted to Maritime Reporter on September 3, 2024

VTTI’s oil storage facility in the Europoort region of the Port of Rotterdam is back to normal after a power failure at the port impacted it for a few hour earlier on Tuesday. Sources close to the issue said that the Service Terminal Rotterdam…

Electricity grid operator: power outage in Rotterdam area has been resolved

Posted to Maritime Reporter on September 3, 2024

The Netherlands' electricity grid operator TenneT reported that a power outage at the Rotterdam Port area affected the major petrochemical industries located there on Tuesday morning for several hours. However, the problem was resolved shortly after 1000 GMT.

Vattenfall suspends development of Sweden’s Kriegers flak offshore wind farm

Posted to Maritime Reporter on September 2, 2024

Vattenfall announced in a Monday statement that it had decided to suspend the development of the Swedish Kriegers Flak Offshore Wind Power Project until further notice because "unviable Swedish investment requirements". Vattenfall was granted…

Hvaldimir, a Russian spy whale found dead in Norway

Posted to Maritime Reporter on September 2, 2024

According to the non-profit organization that monitored the whale, a beluga whale suspected of spying on behalf of Russia and discovered in Norwegian waters 5 years ago was found dead. A father and son were fishing in southern Norway when they…

The crew of the Mike Lynch yacht recounts its sinking off Sicily

Posted to Maritime Reporter on September 1, 2024

After a tragedy that claimed the lives of Mike Lynch and six others, crew members from Mike Lynch's yacht spoke about the moment a storm submerged the vessel near Sicily. They also described their efforts to save passengers. According to Ansa…

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