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Wednesday, August 14, 2024

Maritime Blogs

Jordanian traders report that Jordan has issued a tender for the purchase of 120,000 metric tonnes wheat.

Posted to Maritime Reporter on July 24, 2024

Jordan's national grain buyer issued a tender for 120,000 metric tonnes of milling wheat that can come from optional origins. European traders confirmed this on Wednesday. The deadline to submit price proposals in the tender is 30 July. Traders…

Singapore Port Authority and Ship Owner to Transfer Naphtha Cargo from Fire-hit Tanker

Posted to Maritime Reporter on July 24, 2024

The MPA announced on Wednesday that Hafnia Oil Tanker owner Hafnia is in discussions with Singapore's Maritime and Port Authority about transferring damaged naphtha cargo to a secure location. On July 19, the tankers Hafnia Nile, flying the Singapore flag…

DSV Freight expects earnings to increase from Red Sea disruption

Posted to Maritime Reporter on July 24, 2024

DSV, a Danish shipping company, said that it expected disruptions in the Red Sea to have a positive effect on its earnings during the second half. Third-largest global freight forwarder, a company that operates in sea, air and roads divisions…

Media and officials report five dead after a plane from Nepal skids and catches on fire.

Posted to Maritime Reporter on July 24, 2024

Media and officials reported that at least five people died after a small aircraft caught fire on Wednesday after it skidded off the runway as it took off from Kathmandu, Nepal's capital. Arjun Chand Thakhuri, the Airport Security Chief, said…

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…

Brazil Soymeal Exports Reach Record High in July

Posted to Maritime Reporter on July 23, 2024

The Brazilian soybean meal exports were estimated at 2.40 million tons in July. This would be a record monthly high if confirmed by the month's end, according to data released on Tuesday by the grains exporter association Anec. Anec has revised up its July soymeal estimate from the 2…

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…

Port of Corpus Christi reports 1.7% growth in volume for Q2 2024

Posted to Maritime Reporter on July 23, 2024

In the second quarter 2024, the Port of Corpus Christi in Texas moved 50.1 millions tons of goods along the Corpus Christi Ship Channel, an increase of 1.7% compared to the same period of last year. Corpus Christi has oil refineries, shipping ports and is a major crude oil exporting location.

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…

Citi leads to LME warehouses in lucrative rental deals

Posted to Maritime Reporter on July 23, 2024

Three sources with knowledge of the matter confirmed that Citi delivered large quantities of lead to London Metal Exchange approved warehouses in Singapore for lucrative financial deals on Monday. The total LME stock of battery metal has now reached its highest level since early May.

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…

Traders say that Jordan is believed to have passed on 120,000 T of wheat.

Posted to Maritime Reporter on July 23, 2024

European traders claim that Jordan's state grain purchaser is not believed to have purchased any milling wheat in the international tender for 120,000 metric tonnes of milling which ended on Tuesday. The prices were considered too high. In the coming days…

LME warehouses receive large quantities of lead in lucrative rental deals

Posted to Maritime Reporter on July 23, 2024

On Monday, large quantities of lead were delivered for financial deals to London Metal Exchange approved warehouses in Singapore. Total stocks of the battery material have reached their highest level since early May. According to industry sources…

Jordanian traders report that 6 people participated in the 120,000-metric-ton wheat tender.

Posted to Maritime Reporter on July 23, 2024

Initial assessments indicate that six trading companies have participated in the international bid on Tuesday by Jordan's state grain buyer for 120,000 metric tonnes of wheat. They said that Cargill, CHS Viterra, Ameropa, and The Andersons were thought to be participants.

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.

Black Sea CPC blend oil exports will fall by 9% in August

Posted to Maritime Reporter on July 23, 2024

Two sources familiar with the plans said that the Black Sea CPC blend oil exports through the Caspian Pipeline Consortium system (CPC) are expected to drop to 4.9 million tons in August, from the 5.4 millions planned for July. Calculations showed…

Ecuador's Navy ready to fight illegal fishing around Galapagos Islands

Posted to Maritime Reporter on July 23, 2024

After training with its allies, the cuadorian navy is prepared to protect the waters around the Galapagos Islands against illegal fishing by foreign vessels whose visits each year threaten marine life in the waters of the archipelago. In 2018…