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Italian authorities block a migrant rescue vessel funded by Banksy

Posted to Maritime Reporter on July 3, 2024

The charity that runs the ship said Wednesday that a rescue vessel funded by British street-artist Banksy was grounded in port for 20 consecutive days because it refused to obey Italian authorities' orders for migrants to disembark. The Louiseā€¦

German government looks at lifeline for struggling luxury shipbuilder

Posted to Maritime Reporter on July 3, 2024

A spokesperson for the German economy ministry said that the government may consider supporting Meyer Werft, which is one of the largest cruise ship builders in the world. The company, which is struggling to cut costs, has planned hundreds of job cuts.

Three missing and three dead after boat capsizes near Portugal

Posted to Maritime Reporter on July 3, 2024

The maritime authority reported that three people were killed and three others missing after a 17-member crew fishing boat capsized on Wednesday off the central coast of Portugal. In a press release, the maritime authority stated that "11 peopleā€¦

Vitol acquires three LNG bunkering ships

Posted to Maritime Reporter on July 3, 2024

The commodity trader announced in a Wednesday release that Vitol had secured three LNG bunkering ships through its shipping company. The vessels were obtained through a time charter agreement of seven to ten years with Avenir LNG Limited, andā€¦

European shares increase after Powell's dovish remarks; focus on elections

Posted to Maritime Reporter on July 3, 2024

Investors welcomed the dovish remarks of Federal Reserve Chair Jerome Powell, and looked forward to the second round in France and the UK national elections. As of 0845 GMT the pan-European STOXX 600 Index was up 0.6%, marking a second consecutive session of gains.

Financial Times - July 3,

Posted to Maritime Reporter on July 3, 2024

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. Hipgnosis Song Management announced that its founder Merck Mercuriadis will step down fromā€¦

DOF Group acquires Maersk Supply Service at $1.11 billion

Posted to Maritime Reporter on July 2, 2024

Norwegian shipping company DOF Group announced on Tuesday that it had signed an agreement with Maersk Supply Service Holding to purchase a Maersk Supply Service from them for $1.11 billion. The deal was a combination of cash and stocks. In the agreement, DOF will pay A.P.

Italy seizes Chinese military drones bound for Libya

Posted to Maritime Reporter on July 2, 2024

Italian customs and police said that they intercepted two Chinese military drones disguised as wind-turbine equipment and bound for Libya. A joint statement stated that the drones had been disassembled and were hidden in six containers in the port of Gioia Tauro, in the southern region Calabria.

U.S. crude oil gains pared as storm forecast spares oil patch offshore

Posted to Maritime Reporter on July 2, 2024

The forecast track of Hurricane Beryl continues to steer it away from the major offshore production areas of the U.S. regulated northern Gulf of Mexico. Brent crude futures rose 24 cents or 0.28% to $86.84 per barrel at 10:20 AM CDT (1520 GMT). U.S.

Nine approved offshore wind projects move US closer to 2030 target.

Posted to Maritime Reporter on July 2, 2024

The U.S. The U.S. With the approval of the New Jersey project, the U.S. is now over a third way towards the 2030 target - an important part of President Joe Bidenā€™s climate change agenda. Last year, high materials costs, high rates of interest and delays in the supply chain led Orstedā€¦

Italian companies bridge the skills gap by owning their own education

Posted to Maritime Reporter on July 2, 2024

Federico Olivieri (29), a farm worker who had worked informally for years, was shocked to see a large building site next to his Sicilian home, with the training offered for the many specialised jobs needed. The Webuild programme is one of many 'academiesā€¦

British Business ā€“ July 2,

Posted to Maritime Reporter on July 2, 2024

These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. Revolut's profits reached record levels last year, thanks to higher interest rates.

Bloomberg News: Russia sent Kilo submarine twice to Irish Sea.

Posted to Maritime Reporter on July 1, 2024

Bloomberg News reported Monday that Russian attack subs have carried out missions in the Irish Sea two times since the invasion of Ukraine in 2022, citing sources familiar with the issue. Reports indicate that the first deployment of the Russianā€¦

Venezuelan oil exports in June were almost unchanged, at 760,000 barrels per day

Posted to Maritime Reporter on July 1, 2024

According to shipping documents and data, Venezuelan oil exports in June were mostly flat at 760,000 barrels a day (bpd), as U.S. licences supported the half of shipments for destinations within Europe and the U.S. Washington decided in Aprilā€¦

Maersk CEO: Red Sea disruptions will continue in Q3, Maersk CEO

Posted to Maritime Reporter on July 1, 2024

Maersk, a Danish shipping company, said that disruptions in container shipping via Red Sea will continue through the third quarter. Maersk, among other shipping companies, has diverted ships around Africa's Cape of Good Hope to avoid attacksā€¦

Maersk CEO: Red Sea disruptions will continue in Q3

Posted to Maritime Reporter on July 1, 2024

Maersk, a Danish shipping company, said that disruptions in container shipping via Red Sea will continue through the third quarter. Maersk, among other shipping companies, has diverted ships around Africa's Cape of Good Hope to avoid attacksā€¦

Yemen's Houthis claim they have targeted four ships that are 'linked to Israel, the US and UK'

Posted to Maritime Reporter on July 1, 2024

Yemen's Houthis announced on Monday they had conducted four military actions targeting four ships, including four in the Red Sea, Arabian Sea, Mediterranean Sea, and Indian Ocean, "linked to United States, United Kingdom, and Israel". Yahya Saareaā€¦

Saipem CEO: Saipem is working on French offshore wind project

Posted to Maritime Reporter on July 1, 2024

Alessandro Puliti, CEO of the Italian energy group Saipem, said that work has begun on the Courseulles-sur-Mer off-shore wind project in Normandy. The wind farm is expected to be completed by 2025. Financial analysts are closely monitoring Courseullesā€¦

Maersk withdraws from bidding for Germanyā€™s DB Schenker; shares spike

Posted to Maritime Reporter on July 1, 2024

Maersk, the Danish shipping company, said Monday that it was no longer interested in purchasing DB Schenker because integrating this logistics firm would present too many challenges. Maersk had previously stated that it would consider buying the logistics division of Deutsche Bahnā€¦

SailGP remote umpires call the VAR from afar

Posted to Maritime Reporter on July 1, 2024

Craig Mitchell's team of umpires and Craig Mitchell have had an impact on the SailGP Grand Final this month. With $2 million at stake, each penalty they have imposed during the SailGP season could be a big one. Mitchell, who is a professionalā€¦