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Wednesday, August 13, 2025

Maritime Blogs

UK court: Mike Lynch's estate owes HP over $940 million to an ex-business partner

Posted to Maritime Reporter on July 22, 2025

Hewlett Packard owes more than 700 millions pounds ($944million) to the estates of Mike Lynch, the late business partner of Lynch's and their former business partners over the acquisition of Autonomy by Hewlett Packard. This was revealed on Tuesday by a London High Court judge.

North Korea promises to build a new navy destroyer before October 2026

Posted to Maritime Reporter on July 22, 2025

North Korean officials, shipyard workers and state media KCNA reported Tuesday that they had pledged to finish construction of a navy destroyer warship before October 10, next year. The video footage, which accompanied the news on North Korea's KRT state-run TV station…

According to traders, Pakistan is believed to have not received any offers for the 50,000 T of sugar tender.

Posted to Maritime Reporter on July 22, 2025

Initial assessments by European traders indicate that no trading companies are believed to have made price offers for the international tender, which closed Tuesday, to purchase 50,000 metric tonnes of sugar from Pakistan. The traders said that…

South Korea's MFG bids up to 140,000 t corn, traders claim

Posted to Maritime Reporter on July 22, 2025

European traders reported on Tuesday that the Major Feedmill Group of South Korea (MFG) had issued a tender for up to 140.000 metric tons animal feed corn. The deadline to submit price offers is on Wednesday, July 23, 2013. The seller is free to offer a tonnage within this range.

Fastnet celebrates its 100th anniversary with a global armada of yacht racing enthusiasts.

Posted to Maritime Reporter on July 21, 2025

On Saturday, the world's biggest offshore yacht race celebrates its 100th anniversary. A record-breaking 450 yachts representing 26 nations will line up in Cowes, on Britain's Isle of Wight. The race is a unique opportunity to see the latest…

Update for 3 PM

Posted to Maritime Reporter on July 21, 2025

(HOUSE-GOP CRANE) ADVISORY - At 8 p.m. Rep. Please dial 1-888-886-6600. 9 a.m. -- (GOVT-SCIENCE-DEMS/TONKO) EVENT -- Rep. 11:30 a.m. -- (CONGRESS-DEMS-NOAA) RALLY -- Sen. Chris Van Hollen (D-Md.) Reps. Jamie Raskin and Chris Van Hollen (both D-Md.) Lloyd Doggett…

US tech CEOs are asked to respond to concerns raised by lawmakers about submarine cables

Posted to Maritime Reporter on July 21, 2025

Three Republican House members asked Alphabet, Facebook parent Meta and Amazon.com on Monday if they had adopted adequate safeguards in order to address the growing concerns about national security regarding submarine communication cables. Washington…

Italian officials will face trial for fatal Cutro migrant boatwreck

Posted to Maritime Reporter on July 21, 2025

A media report said that an Italian judge ordered on Monday six police officers and coastguards to face trial for mishandling of operations during the 2023 migrant shipwreck near Cutro, which killed over 90 people. A wooden sailboat, which had set off from Turkey…

UK sanctions target 135 Russian tankers from the shadow fleet

Posted to Maritime Reporter on July 21, 2025

The UK imposed new sanctions Monday on Russia's "shadow fleet", which includes 135 oil tanks, as well as two Russian companies: shipping company Intershipping Services LLC, and oil trader Litasco Middle East DMCC. The British government says…

Israeli military strikes Houthi targets at Yemen's Hodeidah Port

Posted to Maritime Reporter on July 21, 2025

On Monday, the Israeli military launched a new attack on Houthi targets at Yemen's Hodeidah Port. The militants who are backed by Iran have been attacking ships bound for Israel with missiles and striking them. Israel Katz, Minister of Defence in Israel…

Burling, a Kiwi, wins SailGP in a showdown with British sailors

Posted to Maritime Reporter on July 20, 2025

Peter Burling's New Zealand crew gatecrashed what was supposed to be a triumphant celebration at home, beating Dylan Fletcher’s British team in an exciting final of the Emirates Great Britain Sail Grand Prix. The Kiwis spoilt the party in the…

SailGP opens with a roaring crowd in Portsmouth as British crews dominate the race

Posted to Maritime Reporter on July 19, 2025

After a dominant opening day in England's South Coast, Emirates GBR skipper Dylan Fletcher gave a masterclass of speed and consistency to propel his team to the SailGP top leaderboard. Fletcher’s crew was the winner of the first race in Portsmouth and never looked back…

Australia is confident that all issues raised by the US in its review of the submarine project will be resolved

Posted to Maritime Reporter on July 18, 2025

Australia's Ambassador to Washington, who spoke on Friday, said that his country was working with the Pentagon in order to review the U.S. Defense Department project for the AUKUS sub and is confident all issues will be resolved. Kevin Rudd…

Sources say Fincantieri is set to hire Telecom Italia's cybersecurity chief to lead its defence unit

Posted to Maritime Reporter on July 18, 2025

Two sources with knowledge of the matter have confirmed that Fincantieri, an Italian company, is set to hire Eugenio Santagata to lead its defence division. He was previously a top executive in Telecom Italia’s cybersecurity unit Telsy and a former military official.

France will face another difficult wheat export year, despite a better crop

Posted to Maritime Reporter on July 18, 2025

France may struggle to sell the much larger wheat crop it expects to produce this year, as its export options have been reduced due to a decrease in demand from Algeria and China. Also, Black Sea grain is cheaper. France could stockpile large amounts of wheat…

SailGP opens new cutting-edge facility for championship growth

Posted to Maritime Reporter on July 17, 2025

SailGP unveiled on Thursday its new innovation centre, worth $10 million in Southampton. The centre is home to more than 100 boat building experts with a mission of supercharging the fastest sailing championship. The SailGP Technologies facility…

Trump Jr.-backed GrabAGun extends losses after sinking on debut

Posted to Maritime Reporter on July 17, 2025

GrabAGun, the company backed by Donald Trump Jr., saw its shares fall nearly 5% on Thursday in premarket trade. This is after they had fallen 24% during their debut at the New York Stock Exchange due to a blank check merger. The company is one of many businesses owned by the Trump family.

Jordanian traders claim that they will buy up to 120,00 T of feed barley.

Posted to Maritime Reporter on July 17, 2025

European traders reported on Thursday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline to submit price proposals in the tender is 23 July. Traders had…

US wants to ban Chinese technology for undersea cables

Posted to Maritime Reporter on July 16, 2025

The Federal Communications Commission announced on Wednesday that it intends to adopt rules prohibiting companies from connecting submarine communications cables to the United States using Chinese technology or equipment. Brendan Carr, FCC chairperson…

Study shows that high interest rates in Russia may prompt a surge in distressed asset M&A.

Posted to Maritime Reporter on July 16, 2025

A study by top law firms found that high interest rates may encourage mergers and acquisitions in Russia, even though Western sanctions and a lack of liquidity among buyers will likely limit growth for the time being. The study found that the…

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