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Paris wheat contract hits lows due to good weather and strong euro

Posted to Maritime Reporter on May 5, 2025

Euronext wheat contracts fell to new lows on Sunday as rain forecasts in the Black Sea region export region appeared to be increasing supplies among rival exporters, while the export-punishing strength of euro added doubts about demand for Western European Wheat.

Paris wheat contract hits lows due to good weather and strong euro

Posted to Maritime Reporter on May 5, 2025

Euronext wheat contracts fell to new lows on Sunday as rain forecasts in the Black Sea region export region appeared to be increasing supplies among rival exporters, while an export-punishing strength of the euro added doubts about demand for Western European Wheat.

Olympics-Long Beach Olympics? LA Games will bring attention to vibrant coastal city

Posted to Maritime Reporter on May 5, 2025

Long Beach will be the host city for 11 events at the Los Angeles Olympics of 2028. Long Beach is a vibrant coastal town in southeast Los Angeles County, with a rich sporting and cultural heritage. Los Angeles Mayor Rex Richardson says the city…

GRAINS-Soybeans easing after rally. U.S. Trade and crop condition news to be awaited

Posted to Maritime Reporter on May 5, 2025

Chicago soybean futures declined on Monday, as traders awaited news on potential U.S. China trade talks in the face of increasing competition from Brazil. Wheat and corn fell, as traders awaited positive news about the state of U.S. crops. Chicago…

Philippine Coast Guard: China ship illegally surveying EEZ

Posted to Maritime Reporter on May 5, 2025

The Philippines deployed a coastguard vessel and an airplane to confront and escort the Chinese research ship that it claimed was engaged in illegal marine scientific research within its exclusive economic zone. PCG released a statement Monday…

CNBC reports that the Berkshire Board unanimously votes to name Greg Abel CEO of Berkshire from 2026.

Posted to Maritime Reporter on May 5, 2025

CNBC, citing anonymous sources, reported that the board of Berkshire Hathaway unanimously voted to make Greg Abel its president and CEO beginning next year. This move marks the official start of the transition process that will see Warren Buffett…

Hanwha Ocean, a South Korean shipbuilder, targets US Navy orders amid Trump's efforts to build shipbuilding relations

Posted to Maritime Reporter on May 5, 2025

Hanwha Ocean, a South Korean shipbuilder, hopes to increase its revenue from overseas naval vessels to 4 trillion won (2.91 billion dollars) by 2030. It also hopes to receive more repair orders from U.S. Navy. After President Donald Trump's executive order to restore U.S.

South Korea's MFG purchased 65,000-70,000 T corn privately, traders claim

Posted to Maritime Reporter on May 5, 2025

Major Feedmill Group of South Korea (MFG) bought between 65,000 and 70,000 metric tonnes of animal feed corn late last week in a private transaction without issuing a tender to the international market, European traders reported on Monday. The estimated cost per ton was $248.40, including freight.

State media reports that nine people have been killed in China after four tourist boat capsizes

Posted to Maritime Reporter on May 5, 2025

State media reported that nine people were killed when "sudden powerful winds" capsized 4 tourist boats in Southwestern China and swept 84 people into water. The Xinhua News Agency reported that a person was still missing and the search for her was continuing…

Berntsson leads the charge in Congressional Cup semifinals.

Posted to Maritime Reporter on May 3, 2025

The 60th Long Beach Yacht Club Congressional Cup is a tight race between four teams for the two semi-final spots. Only two flights remain in the double-round-robin stage. Four skippers are separated by just one point in a high stakes race that…

US Navy tests sea based hypersonic launch system in Florida

Posted to Maritime Reporter on May 2, 2025

The U.S. Navy announced Friday that it had successfully tested an advanced hypersonic launch system from a space-based base at Cape Canaveral Space Force Station, Florida. This is a major step towards deploying these weapons at sea. The Navy tested its cold-gas approach to launch…

Two dead after Peru Navy vessel strikes Perenco oil platforms in Amazon

Posted to Maritime Reporter on May 2, 2025

The Peruvian Defense Ministry announced on Friday that two people were killed and another was missing after a Peruvian Navy vessel collided on the Amazon River with a Perenco oil platform. The B.A.P. was navigating the area during a transit operation.

Team racing is back with bold new format and new boats

Posted to Maritime Reporter on May 2, 2025

Next month, after a decade of sporting inactivity, the team racing world championship will roar to life when 12 crews are determined to rewrite sport's hierarchy. Organisers announced on Friday that the 2025 Team Racing World Championship, which…

Monnin finishes second in the Congressional Cup

Posted to Maritime Reporter on May 2, 2025

Eric Monnin, from Switzerland, delivered a masterclass of match racing on Thursday at the 60th Long Beach Yacht Club Congressional Cup. He won all three races and surged into second place. As the second round of qualifying begins, the Swiss…

La Folie Douce is heading to Portsmouth for apres-ski.

Posted to Maritime Reporter on May 1, 2025

This summer, La Folie Douce will bring their high altitude hedonism and champagne sprays to Britain's premier sailing event. SailGP will return to British shores on the 19-20th of July with a new waterfront bar where the French Alps party atmosphere…

Poole takes to the field for 60th anniversary of Congressional Cup

Posted to Maritime Reporter on May 1, 2025

Chris Poole, the defending champion of the 60th Anniversary Congressional Cup has made a bold statement of intent by steering his Riptide racing team to six victories in a row on Wednesday's first day of competition. Long Beach's sea breeze…

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…

Tunisia purchases 25,000 T of feed barley through a restricted tender, traders claim

Posted to Maritime Reporter on April 30, 2025

European traders reported that Tunisia’s state grain agency purchased approximately 25,000 metric tonnes of animal feed barley at an international auction on Wednesday, with limited participation. Viterra, a trading house, was said to have bought…

Norwegian Cruise Line misses quarterly earnings estimates

Posted to Maritime Reporter on April 30, 2025

Norwegian Cruise Line Holdings missed revenue and profit expectations for the first quarter on Wednesday as concerns over tariff uncertainty increased demand for premium cruises. In premarket trading, shares of the company fell by about 6%.

What are the differences between India and Pakistan militaries as tensions increase after the attack in Kashmir?

Posted to Maritime Reporter on April 30, 2025

A 26-man attack on Hindu tourists in Indian Kashmir has caused tensions between India, Pakistan, and fears of conflict. Pakistan has said it has intelligence that India plans to launch military action. According to the International Institute for Strategic Studies in London…

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