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Morocco will import more wheat than France from Russia in 2024/25: grain traders chief

Posted to Maritime Reporter on October 1, 2024

Omar Yacoubi, head of the Moroccan grain trader's association (FNCL), said that Russia will surpass France as Morocco's leading soft wheat supplier in 2024/25. Morocco must import 5 million tons of soft grain after a poor domestic harvest caused by drought, said the official.

The battle for the America's Cup is a close one between Britain and Italy

Posted to Maritime Reporter on September 30, 2024

The America's Cup Challenger Series saw Britain and Italy battle it out in two close races on Monday. This leaves the event's first-to seven race at a finely balanced 3-3, as they prepare to face New Zealand's defenders for the coveted 'Auld Mug.

British take advantage of Italian error to lead America's Cup Challenger Series

Posted to Maritime Reporter on September 30, 2024

Britain took advantage of an Italian mistake in the America's Cup Challenger Series on Monday to gain a 3-2 edge in the race to face New Zealand and win the "Auld Mug". Race five of the series was a breeze-free affair, with the wind speed at Barcelona being below the maximum of 21 knots.

Data shows that a sanctioned LNG tanker passes through the Suez Canal.

Posted to Maritime Reporter on September 30, 2024

LSEG data revealed on Monday that the Pioneer tanker sanctioned by America for its links with Russian-sourced liquefied gas (LNG) has passed through Suez Canal carrying an LNG cargo. It was not immediately known where the LNG-flagged Pioneer would be heading or what its source was.

Sailing-Italy catches up with Britain to equalize the America's Cup Challenge Series

Posted to Maritime Reporter on September 29, 2024

Italy won by four seconds over America's Cup rivals Britain, bringing the series to 2-2. The intense match took place in strong winds near Barcelona. The Italians were forced to concede the win to the British earlier when they damaged their AC75 monohull foiling sail.

Italian sail rig damaged hands point to Britain

Posted to Maritime Reporter on September 29, 2024

Italy's massive AC75 sail rig was damaged by strong Mediterranean winds Sunday. This gave Britain a 2-1 series lead over America's Cup rival Britain. When the problem arose, the Italians were forced to drop their mainsail in order to replace it.

Wind allows Italy to win against Britain in America’s Cup Challenger Race

Posted to Maritime Reporter on September 28, 2024

The America's Cup Challenger Series remained level on Saturday due to a dying Mediterranean breeze. Britain ran out of time in order to convert a seemingly winning position against Italy in their third match-up. The race was abandoned because the officials felt it exceeded the time limit.

Harland & Wolff, the Titanic's builder, appoints administrators to reduce jobs

Posted to Maritime Reporter on September 27, 2024

Harland & Wolff, the British shipbuilder best known for building Titanic, announced on Friday that it had appointed administrators. This would result in job losses as the company struggles to raise funding. The company, who currently employs 66 employees…

South Atlantic Whale Sanctuary Plan Blocked at International Meeting

Posted to Maritime Reporter on September 27, 2024

The International Whaling Commission's (IWC) meeting on Thursday rejected a proposal to create a sanctuary in the southern Atlantic Ocean for whales and cetacean species. This disappointed animal conservationists. At the IWC annual session held in Lima…

EU wheat gains pared as export concerns counteract weather support

Posted to Maritime Reporter on September 26, 2024

Euronext Wheat Futures rose on Thursday, boosted by weather concerns for planting. However, they fell from their previous one-week high amid signs of stiff competition in exports. The December wheat price on Paris' Euronext rose 0.3% to 221.25 Euros ($247.18) per metric ton.

Britain and Italy are in a race for the America's Cup

Posted to Maritime Reporter on September 26, 2024

The first-to seven America's Cup Challenger Final on Thursday saw Britain and Italy tied with one victory each. Next month, the winner of the Louis Vuitton Cup qualifying series will face New Zealand's America's Cup defenders for the coveted Auld Mug in Barcelona.

SailGP debuts 2025 Sassnitz in Germany

Posted to Maritime Reporter on September 26, 2024

SailGP, the adrenaline-fuelled sailing spectacle, is headed to new waters in August 2025. The elite sailing championship will make its highly anticipated German debut on the island Ruegen. Sassnitz along the coast of the island will host two days high-octane races.

Italy wins Youth America's Cup at Barcelona

Posted to Maritime Reporter on September 26, 2024

Italy won the Youth America's Cup Thursday, with a convincing victory over the United States. The final was held on the Mediterranean Sea near Barcelona. This is the first of two regattas that will precede the America's Cup in October when New Zealand…

Britain announces new Russia shipping sanctions

Posted to Maritime Reporter on September 26, 2024

The UK announced on Thursday that it has sanctioned two shipping companies and five ships under its Russian sanctions regime. In the first week of this month, Britain sanctioned 10 more ships from Russia's "shadow fleet", a group of vessels…

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on September 26, 2024

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. After intense discussions on Wednesday at the United Nations, the United States and France along with several other allies…

Financial Times - Sept 26

Posted to Maritime Reporter on September 25, 2024

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. Keir starmer will travel to Brussels next week, where he will meet Ursula von der Leyen of the European Commission…

Haiti PM: Nation far from winning gang warfare as UN deadline looms

Posted to Maritime Reporter on September 25, 2024

Haitian Prime Minister Garry Conille stated on Wednesday that the Caribbean nation is still far from winning its battle against armed groups who control the majority of the capital. A deadline set by the United Nations for the long-delayed assistance fast approaches.

Euronext Wheat Firm as Weather and Exports Weigh

Posted to Maritime Reporter on September 25, 2024

Euronext Wheat Futures edged up on Wednesday, as the dry weather in Russia and Ukraine is hindering sowing. This has raised early concerns over next year's harvest. However, brisk Black Sea exports kept prices under control. Euronext's December wheat was trading at 220.50 euro ($245.70)…

EU wheat prices ease after rally, as Black Sea supplies assessed

Posted to Maritime Reporter on September 24, 2024

Euronext wheat prices fell on Tuesday after consolidating a rally the previous day. Traders weighed weather and war risk to Black Sea supplies against signs that Russia, Ukraine and other exporters continue to dominate markets at lower prices.

Yemen Vice President: New strategy required to contain Houthis

Posted to Maritime Reporter on September 24, 2024

Yemen's Vice-President stated on Tuesday that the escalation of Middle East hostilities has made it more urgent for regional and global stakeholders to develop a new strategy in order to contain the increasingly well armed Houthi rebels who are backed by Iran.

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