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EU wheat prices pause after rally, Black Sea supply is 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.

North Korea's sister claims that the US is increasing its nuclear submarine threats

Posted to Maritime Reporter on September 24, 2024

Kim Yo Jong - the powerful sister to North Korean leader Kim Jong Un - has criticised the presence in Busan of a U.S. submarine, according to state media KCNA. Kim said it was a sign of U.S. desire to "show off its nuclear strategic assets and increase threats", as reported by KCNA.

Military: At least 30 bodies decomposing found on boat near Senegal

Posted to Maritime Reporter on September 23, 2024

The military reported on Monday that at least 30 bodies in decomposition were discovered in a boat floating 70 km (38 miles) off Dakar's coast, the capital of Senegal. In a military statement, it was revealed that the navy had been informed…

US-based groups advise Australian and European opponents of offshore wind in Australia

Posted to Maritime Reporter on September 23, 2024

Bill Thompson was fighting offshore wind farms in the small state of Rhode Island, where he lives. He is now part of a worldwide movement. Thompson, the director of Green Oceans and activist for offshore wind, received an email in April from another group that was also against offshore wind…

Orange cuts 35 jobs in its Video Services Unit in France

Posted to Maritime Reporter on September 20, 2024

Orange, the French telecom operator, announced on Friday that it will cut 35 jobs at its Viaccess-Orca subsidiary in France as part of a restructuring plan. Orange launched its new strategic plan, "Lead The Future", last year. It was the first one under the leadership of CEO Christel Heydemann.

EU wheat prices rise after a 2-week low, with Black Sea supplies in focus

Posted to Maritime Reporter on September 20, 2024

Euronext wheat prices stabilized on Friday, after falling to a two-week-low in the previous session. A reduced estimate of Ukrainian sowings and reports of a strike at Odesa Port shifted attention to weather and war risk to Black Sea export supplies.

Euronext Wheat slips once again as export competition looms over the market

Posted to Maritime Reporter on September 19, 2024

Euronext Wheat's fall to a 2-week low continued on Thursday as Black Sea exports continue to pressurize prices. However, global weather concerns are tempered by the rain forecast in Brazil and the U.S. The December wheat price on Paris' Euronext…

Italy wins over US to book America's Cup final berth.

Posted to Maritime Reporter on September 19, 2024

Italy will face Britain for the America's Cup final after a convincing victory over the U.S. semifinalists on Thursday. After the British crew defeated Switzerland in Barcelona, the Italians beat the United States in the semi-finals of the Louis Vuitton Cup first-to-five.

Euronext Wheat prices fall as competition from cheaper wheats weighs.

Posted to Maritime Reporter on September 18, 2024

Euronext Wheat eased on Wednesday for the third consecutive day as traders observed that a recent rally of futures had widened a price difference compared to cheaper Black Sea Export Supplies. The grain markets were also encouraged to consolidate…

Britain defeats Swiss in America's Cup final

Posted to Maritime Reporter on September 18, 2024

Britain won a 5-2 victory over Switzerland on Wednesday in the America's Cup Challenger Series to earn a spot in the Louis Vuitton Cup Final in Barcelona. In the other semifinal, the United States maintained their hopes with a vital win over…

German woman killed by shark off Canary Islands

Posted to Maritime Reporter on September 18, 2024

On Wednesday, a German woman was killed by a shark after being attacked while swimming alongside her catamaran between Spain's Canary Islands & West Africa. The 30-year-old woman was traveling on a catamaran which had left Gran Canaria Island on September 14.

EU wheat eases up further as Black Sea competition returns to focus

Posted to Maritime Reporter on September 17, 2024

Euronext wheat declined for a second consecutive day on Tuesday, in line with Chicago. Concerns over the escalation of Russia's conflict with Ukraine have subsided as traders return to the export competition due to cheaper Black Sea products.

Swiss and US win reprieves for America's Cup qualifying

Posted to Maritime Reporter on September 16, 2024

Both Switzerland and the United States kept their America's Cup dreams alive by winning dramatic semi-final races against Britain and Italy, respectively, in the qualifying series. The Swiss and U.S. were both on the verge of elimination in…

Paris wheat drops with Chicago after rally

Posted to Maritime Reporter on September 16, 2024

European wheat futures dropped on Monday, in line with Chicago. This was a technical setback following last week's rally which was fueled by fears over Black Sea supply. The December wheat price on Paris' Euronext fell 2% to 220.50 euro ($245.33) per metric ton.

China condemns German Navy's transit through Taiwan Strait

Posted to Maritime Reporter on September 14, 2024

China's military condemned Saturday the transit of two German Navy ships through the Taiwan Strait, saying that it increased security risk and sent the "wrong signal". Chinese forces also monitored and warned vessels. China, which claims democratically-governed Taiwan as its territory…

EU approves 682 million euros in Belgian state subsidies to support offshore wind energy

Posted to Maritime Reporter on September 13, 2024

The European Commission announced that EU regulators had approved a Belgian scheme of state aid worth 682 million euros ($756.54 millions) to support renewable energy offshore wind. The commission stated that the measure would support the construction…

Sailing-British select Swiss for America's Cup Challenger Semi-Final

Posted to Maritime Reporter on September 13, 2024

The United States will be facing Italy in the semi-finals for the America's Cup Challenger Series, which begins this weekend. The four teams will compete to be the first to take on New Zealand in the "Auld Mug", the oldest trophy of international sport dating back to 1851.

The British choose Swiss to compete in the semi-final of the America's Cup Challenger Semi-final

Posted to Maritime Reporter on September 13, 2024

The United States will be facing Italy in the semi-finals for the America's Cup Challenger Series, which begins this weekend. The four teams will compete to be the first to take on New Zealand in the "Auld Mug", the oldest trophy of international sport dating back to 1851.

Italian divers recover video from Mike Lynch's sunken boat

Posted to Maritime Reporter on September 13, 2024

A source familiar with the situation said that Italian Navy divers recovered video surveillance gear from the superyacht which sank near Sicily in late October, killing British tech magnate Mike Lynch, as well as six others. The equipment recovered…

EU wheat prices fall as USDA data dampens rally over Black Sea risks

Posted to Maritime Reporter on September 12, 2024

Euronext Wheat ended Thursday slightly lower as an unexpected rise in a closely followed forecast for the U.S. Corn Crop encouraged prices to consolidate following a rally related to Black Sea Supply Concerns, traders said. The December wheat contract…

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