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Wednesday, December 18, 2024

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LSEG data shows that China and Saudi Arabia were the top two buyers of Russian fuel in September.

Posted to Maritime Reporter on October 17, 2024

LSEG data and traders' reports on Thursday showed that China and Saudi Arabia were top destinations for Russian seaborne VGO and fuel oil exports. According to calculations based upon LSEG data, the total fuel oil and VGO exported from Russian ports rose 2% in August to 4.2 million metric tonnes.

German warship serving UNIFIL has downed a drone off Lebanon, the ministry reports

Posted to Maritime Reporter on October 17, 2024

Unmanned flying objects were brought down by a German warship that was part of UNIFIL's peacekeeping mission in Lebanon, according to a German Defence Ministry spokesperson. The spokesperson reported that the corvette had brought an unidentified…

Lego's New Zealand Boat is a Hit with America's Cup Crews

Posted to Maritime Reporter on October 17, 2024

Even British skipper Ben Ainslie found time to build a Lego model of New Zealand's AC75 with his son. New Zealand is the current holder of the America's Cup. A British team, led by Ainslie has set out to challenge New Zealand for the "Auld Mug".

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

Posted to Maritime Reporter on October 17, 2024

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 offers for the tender is October 23. Jordan's failure to purchase 120…

Teenager who scaled the world's 14 highest peaks says Nepal's Sherpas deserve better

Posted to Maritime Reporter on October 17, 2024

The youngest person to ever scale the 14 tallest mountains in the world, a Nepali teenager wants to use his talents to help the Sherpa people of Himalayan country and produce world-class athletes. Sherpas are an ethnic group that lives mainly around Mount Everest.

KFA, South Korea's KFA, bought 65,000 metric tonnes corn in a private deal

Posted to Maritime Reporter on October 17, 2024

According to European traders, the Korea Feed Association in South Korea bought about 65,000 metric tonnes of animal feed corn in a private transaction on Wednesday. The corn was expected to come from either South America or the United States.

China claims that a Japanese fishing vessel 'illegally entered territorial waters'

Posted to Maritime Reporter on October 16, 2024

China's coastguard said that a Japanese fishing boat "illegally" entered China's territorial water around Diaoyu Islands between Oct. 15-16, and was advised to leave. In a recent statement, a Coast Guard spokesperson stated that "we urge the…

Britain wins second America's Cup against New Zealand

Posted to Maritime Reporter on October 16, 2024

Britain defeated New Zealand in a head-tohead America's Cup Final on Wednesday. The result reduced the holders' advantage to 4-2. The British crew, led by Ben Ainslie, outmanoeuvred Peter Burling's New Zealand crew in the last moments of the…

Sailing-Britain wins first race in America's Cup final

Posted to Maritime Reporter on October 16, 2024

The America's Cup Final saw Britain earn its first point for the series by winning the race against New Zealand on Wednesday. New Zealand, the current holders, now leads 4-1. A second race is scheduled to take place later on Wednesday in the Mediterranean near Barcelona.

Qatar reduces the Dec al-Shaheen term oil price, sources claim

Posted to Maritime Reporter on October 16, 2024

QatarEnergy lowered the term price of al-Shaheen loading crude oil in December, according to trade sources on Wednesday. The company was following spot market prices this month. They said that the December term price had been set at $1.93 per barrel, according to Dubai quotes.

Coastguard rescues dozens of migrants off Greece

Posted to Maritime Reporter on October 16, 2024

The Greek coastguard announced late Tuesday that it had recovered the bodies and rescued 27 migrants after their boat capsized off the island Kos, in the southeast Aegean sea. It added that three coastguard vessels and a commercial vessel searched for additional people in the region.

No. No.

Posted to Maritime Reporter on October 16, 2024

The No. 25 Navy is back in the AP rankings for the first time since 2019. Blake Horvath, the quarterback of the Midshipmen who have suffered four consecutive losing seasons, is the most important player in this rise. Navy (5-0,3-0 American Athletic Conference)…

Australia invests billions in nuclear submarine shipyard

Posted to Maritime Reporter on October 15, 2024

Australia announced on Wednesday that it will invest billions of dollar over the next 20 years to expand a Western Australia shipyard, which would be the maintenance hub for the nuclear-powered AUKUS sub fleet. Defence Minister Richard Marles…

Indian Government to sell Cochin Shipyard up to 5% of its stake

Posted to Maritime Reporter on October 15, 2024

An exchange filing on Tuesday revealed that the Indian government would sell a stake in Cochin Shipyard of approximately 5%. The filing revealed that the floor price of the sale was 1,540 rupees. This represents an 8% discount from the Tuesday closing price.

Google and Italy discuss bases for a submarine network in Sicily

Posted to Maritime Reporter on October 15, 2024

A cabinet undersecretary revealed on Tuesday that Alphabet's Google was in discussions with the Italian government about plans to establish base stations in Sicily in order to develop infrastructure for an underwater fiber optic cable system across the Mediterranean.

Russians rescued after 67-days adrift on the Pacific fringe

Posted to Maritime Reporter on October 15, 2024

The Russian authorities announced on Tuesday that they had rescued the man, whose boat drifted in the waters of the northwest Pacific for 67 consecutive days. However, his brother and nephew perished during the ordeal. Images on social media…

British plot to comeback as Sailing-New Zealand takes 4-0 America's Cup Lead

Posted to Maritime Reporter on October 14, 2024

New Zealand won the America's Cup on Monday with a 4-0 victory over Britain. The crews were locked in a close tacking duel in the early stages and made some close passes during the first downwind leg. New Zealand's crew managed to squeeze a little more performance from their AC75 monohull…

France to break through wheat export slump with rare Thailand shipment

Posted to Maritime Reporter on October 14, 2024

According to sources in the shipping and trading industries, a large shipment of French wheat will be loaded for Thailand later this month. This is a rare shipment that will help boost French exports to Southeast Asia. Sources said that a ship…

S.Korea Hanwha sweetens its takeover offer to Singapore Dyna-Mac

Posted to Maritime Reporter on October 14, 2024

Hanwha Group, a South Korean conglomerate, increased its offer on Monday for the remaining share it doesn't already own in Singapore-based Dyna-Mac. The offshore oil and natural gas contractor is valued at S$790.6m ($605.41m). Hanwha had previously offered S$0.60 for each share.

British Business – Oct. 14,

Posted to Maritime Reporter on October 13, 2024

These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. Former Scottish First Minister Alex Salmond died instantly after collapsing at a conference in North Macedonia.

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