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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…

Dutch shipbuilder Damen is accused of corruption and violating sanctions by prosecutors

Posted to Maritime Reporter on April 25, 2025

The Dutch prosecutor said that they summoned Damen Shipyards, a shipbuilder in the Netherlands, on suspicion of violating EU Sanctions against Russia. They also opened a separate corruption case against Damen Shipyards and its top executives. The company denied the accusations.

Shell has withdrawn from offshore gas projects in Colombia’s Caribbean-Ecopetrol

Posted to Maritime Reporter on April 24, 2025

The state-owned oil company of Colombia announced on Thursday that Shell had pulled out from three joint offshore projects in the Caribbean. Ecopetrol stated in a press release that the two companies were working together to ensure the continuity…

The Portuguese Ocean Race is a thriller with flying boats, double points, and a lightning-fast pit stop

Posted to Maritime Reporter on April 23, 2025

Matosinhos Porto, a Portuguese sailing town, has secured a spot on The Ocean Race Europe's route. The event will feature flying boats, double-points and a 3-hour pit-stop. Ocean health activism will be featured alongside the sporting success.

Mike Lynch's sunken boat to be removed from Sicilian waters in May

Posted to Maritime Reporter on April 22, 2025

People close to the situation said that the mast of the superyacht, which sank in Sicily last summer, killing British tech titan Mike Lynch along with six other people, would be dismantled next month. The British-flagged Bayesian was found lying…

Financial Times - April 21

Posted to Maritime Reporter on April 21, 2025

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 stories. Estonia warns that lifting Russia sanctions would harm EU taxpayers. The British Finance…

Equinor stops offshore construction for Empire Wind Project in the US

Posted to Maritime Reporter on April 17, 2025

Equinor, a Norwegian company, will stop offshore construction on its Empire Wind I in New York State following an order to cease work from the U.S. The company announced on Thursday that Interior Secretary Doug Burgum had issued a stop-work order.

SailGP announces the 2026 venues on five continents

Posted to Maritime Reporter on April 16, 2025

LONDON, 16 April - SailGP will be flying across five continents from Perth's sun-drenched water to Abu Dhabi's glittering final in 2026. The championship has secured a number of venues that are sure to please the crowds under multi-year host deals.

Rio Tinto's iron ore shipment fall after cyclones strike Pilbara operations

Posted to Maritime Reporter on April 15, 2025

Rio Tinto announced a 9% decline in the first quarter iron ore shipment on Wednesday. 2025 Pilbara shipments are now expected to be at the lower end after tropical cyclones ravaged Australia's West Coast and disrupted operation. Rio Tinto's…

Zelenskiy: Ukraine, UK and France discuss Black Sea Security

Posted to Maritime Reporter on April 15, 2025

The Ukrainian president Volodymyr Zelenskiy announced that on Tuesday, representatives from the United Kingdom, France, and Turkey will meet in Turkey to discuss Black Sea Security. Zelenskiy, along with NATO Secretary General Mark Rutte, said…

Court hears that the inquest into the death of tech tycoon Mike Lynch will take "many months".

Posted to Maritime Reporter on April 15, 2025

A British inquest heard on Tuesday that the investigation into the deaths last year of British tech tycoon Mike Lynch and banker Jonathan Bloomer, as well as members of their family, who died when a luxury boat sank, will take several months.

Clapcich's solo mission: Vendee bid to sail history

Posted to Maritime Reporter on April 15, 2025

Francesca Clapcich, an Italian skipper, has announced a campaign to compete at the Vendee Globe in 2028. This would make her one of the few people who could compete in all four of the sport's most prestigious events. Clapcich, backed by 11th Hour Racing and The Ocean Race…

German court reviews seizure Russian tanker'shadow Fleet'

Posted to Maritime Reporter on April 14, 2025

The German finance ministry announced on Monday that a German court would consider a request for the release of an oil tanker believed to be a part of Russia's so-called "shadow fleet" used to circumvent oil sanction. In January, the Panama…

Olympic champion Bontus undergoes surgical treatment after skiing accident

Posted to Maritime Reporter on April 14, 2025

VIENNA, 14 April - Formula Kite Olympic Champion Valentin Bontus suffered a torn ligament in his left leg after a skiing accident at the weekend. This is his second injury to that same knee since the year 2020. Der Standard, Austrian newspaper…

Burling, America's Cup winning skipper, leaves Team New Zealand

Posted to Maritime Reporter on April 10, 2025

Peter Burling, three-time America's Cup winner and skipper of Team New Zealand, has parted ways with the team after they failed to reach an agreement ahead of the 38th regatta. Team NZ's management said it and Burling were in talks since their…

Ireland continues to bid for offshore wind projects despite the industry turmoil

Posted to Maritime Reporter on April 10, 2025

Ireland will hold at least three additional offshore wind auctions before the end of the decade, said its marine minister on Thursday. He added that the country was unlikely to meet its goal of 80% electricity generation by renewable sources by 2030.

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