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Leonardo's fighter jet program survives UK defence review

Posted to Maritime Reporter on July 23, 2024

According to a Leonardo executive, a British review of defence policy will not affect a multi-billion dollar fighter jet project being developed by Italy and Japan, as well as the United Kingdom. The Global Combat Air Programme (GCAP) is being developed by BAE Systems in Britain…

Crown Estate of Britain posts record profits from offshore wind licensing

Posted to Maritime Reporter on July 23, 2024

Crown Estate in Britain, which manages the public property of King Charles, reported a record profit of 1.1 billion pounds (1,42 billion dollars) for 2023/24, boosted by offshore wind leases. The results were released on Wednesday. Crown Estate…

Guardian reports that six people are believed dead after a fishing boat sinks near the Falkland Islands

Posted to Maritime Reporter on July 23, 2024

The Guardian reported that six people may have perished after a fishing boat flying the Saint Helena flag sank near the Falkland Island coast. It said that 14 of the 27 crew believed to be on board had been rescued. The report said that seven other crew members were still missing.

Crown Estate of Britain posts record profits from offshore wind licensing

Posted to Maritime Reporter on July 23, 2024

Crown Estate in Britain, which manages the public property of King Charles, reported a record profit of 1.1 billion pounds (1,42 billion dollars) for 2023/24, boosted by offshore wind leases. The results were released on Wednesday. Crown Estate…

West, a UK-based ship insurer, has problems with paying claims to a Russian company that is under sanctions

Posted to Maritime Reporter on July 23, 2024

West, a UK ship insurer, said that it would be difficult to pay claims for ships involved with accidents or collisions involving other vessels insured by the sanctions-hit Russian Ingosstrakh. This is another indication of the difficulties with Moscow's oil trading.

UN representative to Yemen says the threat of Houthi to Red Sea shipping has grown.

Posted to Maritime Reporter on July 23, 2024

Hans Grundberg, the U.N.'s Special Envoy for Yemen, told the U.N. Security Council that recent developments in the Red Sea suggest the threat of international shipping by Yemen's Houthis has grown. Grundberg, in a briefing about the situation…

UK ends use of controversial Bibby Stockholm migrant boat

Posted to Maritime Reporter on July 23, 2024

As part of its overhauling of the asylum system the new Labour government in Britain will stop using the controversial Bibby-Stockholm barge for migrants to be housed off the South Coast of England, the statement said. The Conservative government…

Italian prosecutors are investigating officials in connection with the Cutro shipwreck of migrants

Posted to Maritime Reporter on July 23, 2024

On Tuesday, prosecutors in Crotone, a southern Italian city, informed four officers of the police and two members of its coastguard that they could face additional action for a shipwreck involving migrants that claimed the lives of at least 94 individuals.

British Business – July 23,

Posted to Maritime Reporter on July 23, 2024

These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch their accuracy. LVMH, the luxury goods conglomerate, and its billionaire founder bought a stake of Bicester Village as…

IRGC: Iran's Revolutionary Guards have intercepted a tanker managed by the UAE

Posted to Maritime Reporter on July 23, 2024

The IRGC, along with British security firm Ambrey, announced on Monday that the IRGC had intercepted a tanker flying the flag of Togo, but managed by UAE, carrying 1,500 tonnes of marine gas oil. Ambrey reported that the vessel was carrying…

Starmer: UK warplane capabilities important during defence review

Posted to Maritime Reporter on July 23, 2024

Keir starmer, the British Prime Minister, stressed on Monday that Britain's fighter-jet capability is important. However, he did not guarantee that a review of defence policy would not affect its next generation air combat programme with Japan or Italy.

Freeport LNG resumes exports in Texas as gas processing ramps-up

Posted to Maritime Reporter on July 23, 2024

According to preliminary LSEG information, the U.S.’s second largest liquefied gas exporter, Freeport LNG, has resumed shipments following a shutdown of operations in advance of Hurricane Beryl. The processing is on track to reach half its capacity by Monday.

BAE: UK, Japan and Italy's GCAP Project heading to next phase "at pace"

Posted to Maritime Reporter on July 23, 2024

BAE Systems' managing director stated that the Global Combat Air Programme, a joint venture between Britain and Japan to develop a new fighter aircraft, will be launched in 2025. Keir starmer, British Prime Minister Keir said earlier in the…

Israeli Defence Minister: Yemeni strike is a message

Posted to Maritime Reporter on July 23, 2024

On Saturday, Defence Minister Yoav Galant stated that Israel had struck the Houthis after they injured an Israeli. Gallant stated in a press release that "the fire currently burning in Hodeidah is visible across the Middle East, and its significance…

Olympics-Ukraine releases Olympic stamps as it sends the smallest team to Games

Posted to Maritime Reporter on July 23, 2024

Ukraine has launched a new stamp to show its support for its Olympic athletes. It sent the smallest national team ever to the Paris Games, despite the ongoing war with Russia. The number of Ukrainian athletes competing at the Olympic Games is the lowest in history.

Spain seizes cargo ship after fuel spill in Ceuta

Posted to Maritime Reporter on July 23, 2024

Spain's Merchant Fleet reported on Monday that Spanish authorities had detained a German cargo ship after it caused a spill while refuelling near the Spanish enclave Ceuta. It added that the owner of the Tony Stark-flagged ship, which is registered in Antigua & Barbuda…

Harland & Wolff CEO Harland & Wolff steps down as the debt crisis intensifies

Posted to Maritime Reporter on July 23, 2024

Harland & Wolff, a Belfast-based shipbuilder, announced on Friday that it had been in urgent discussions with its principal lender to address its near-term funding needs as well as explore strategic options for the future. The shipyard that…

Tunisia purchases 100,000 tons of barley at tender, traders report

Posted to Maritime Reporter on July 23, 2024

European traders reported that Tunisia's state grain agency purchased approximately 100,000 metric tonnes of animal feed barley with optional origin in a Friday international tender. They said that the agency believed to have purchased four consignments of 25…

Early US back-to school sales by retailers hastens peak ocean shipping season

Posted to Maritime Reporter on July 23, 2024

Walmart, Target, and Shein retailers started back-to school sales early in order to prevent Amazon.com Prime Day from stealing U.S. sales for backpacks and computers. This helped advance the peak ocean-shipping season by two-months and increase already high freight rates.

Houthis increase attacks on cargo ships in Gulf of Aden

Posted to Maritime Reporter on July 23, 2024

Yemen's Houthi Rebels damaged and destroyed a container ship flying the Singapore flag with two missiles Friday, as they intensified their attacks against global shipping in response to Israel's Gaza War. The Houthis, who are aligned with Iran…

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