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Wednesday, December 18, 2024

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Market sources claim that Russian strikes on Ukraine’s ports have increased insurance rates.

Posted to Maritime Reporter on October 10, 2024

Insurance sources and a broker reported on Thursday that a series of Russian missile attacks on Ukrainian Black Sea port infrastructure, as well as commercial vessels, has caused a spike in insurance rates and forced some shipowners cancel bookings.

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

Posted to Maritime Reporter on October 10, 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 proposals in the tender is October 16. Jordan's failure to purchase 120…

EU wheat prices ease after weather and demand rally

Posted to Maritime Reporter on October 9, 2024

The European Wheat Futures closed slightly lower on Tuesday as technical resistance and the competition from Black Sea wheat supplies offset a rally fueled by weather risks and demand by importers. The December wheat price on Paris' Euronext…

Citi is optimistic about the strong growth indicators.

Posted to Maritime Reporter on October 9, 2024

The shares of U.S. Cruise Operators, including Norwegian Cruise Line Holdings surged during the midday session on Wednesday, as brokerage Citi becomes bullish about the long-term prospects for these companies. Norwegian Cruise shares rose as…

Egypt's wheat reserve is enough to last more than five and a half months, says PM

Posted to Maritime Reporter on October 9, 2024

The Prime Minister Mostafa Mdbouly stated on Wednesday that Egypt has enough wheat reserves to last more than five-and-a half months. He also said Egypt was building reserves as a preventative measure, as tensions in the region escalate. He…

New Zealand to prepare for "trigger pull" in America's Cup Duel with Britain

Posted to Maritime Reporter on October 9, 2024

New Zealand has been analysing Ben Ainslie's race patterns, honed their technique, and made subtle final adjustments to their AC75 sails and foils as the America's Cup holder prepares for the British challenge. Grant Dalton, CEO of the New Zealand team…

Jordan does not purchase 120,000 T of barley, traders claim

Posted to Maritime Reporter on October 9, 2024

European traders claim that Jordan's state grain purchaser is not believed to have purchased any barley in the international tender for animal feed barley, which closed on Tuesday. The trading houses that participated were believed to include Viterra, Ameropa, and Olam.

Jordanian traders report that 3 people participated in the 120,000 T barley auction.

Posted to Maritime Reporter on October 9, 2024

Traders said that three trading companies have so far been reported to be participating in the international bid of Jordan's state grain buyer for up to 120,000 tons animal feed barley to be purchased on Wednesday. Viterra, Ameropa, and Olam…

Jordan offers to purchase up to 120,000 tonnes of wheat, traders claim

Posted to Maritime Reporter on October 9, 2024

European traders reported on Wednesday that Jordan's state grain purchaser has issued an international bid to purchase up to 120,000 tons of milling Wheat sourced from optional sources. The deadline to submit price offers is October 15. Traders…

Singapore to mandate digital bunker notes starting April 2025

Posted to Maritime Reporter on October 9, 2024

Amy Khor said that Singapore's senior minister for transport Amy Khor announced at the SIBCON2024 conference that marine fuel suppliers in Singapore, the world's biggest bunker hub, would be required to offer digital bunkering and electronic bunker delivery note starting April 1, 2025.

Euronext Wheat steady as weather, exports and trade weigh

Posted to Maritime Reporter on October 8, 2024

The price of European wheat edged up on Tuesday, as weather risks in Russia coupled with an attack on a grain terminal in Ukraine offset the pressures from export competition. December wheat traded on Paris' Euronext closed 0.5% higher at 229.75 Euros ($252.17) per metric ton…

Trade sources claim that Trader Vitol is selling Venezuelan oil to Indian refiners.

Posted to Maritime Reporter on October 8, 2024

Trade sources reported that two Indian state refiners bought 2,000,000 barrels of Venezuelan oil from Vitol, for delivery in November. This is despite the fact that Venezuelan crude shipments continue to increase to what was previously Venezuela's second-largest oil market.

Sailing-Swedish Women dominate America's Cup Group to Book Semi-Final Berth

Posted to Maritime Reporter on October 8, 2024

The Netherlands and Spanish teams qualified for the semi-finals of the America's Cup event on Tuesday after a dominant performance by Sweden in their group. The Swedish crew, which has had more time to practice with the AC40 foiling boat than other teams…

Swedish women win America's Cup Group to secure semi-final berth

Posted to Maritime Reporter on October 8, 2024

The Dutch and Spanish teams qualified for the semifinals in the testing conditions near Barcelona, as well. The Swedish crew, which has had more time to practice with the AC40 foiling boat than other teams, set the pace in a Mediterranean breeze that was shifting.

Tunisia purchases approximately 125,000 metric tonnes barley at tender, traders claim

Posted to Maritime Reporter on October 8, 2024

European traders reported that Tunisia's state grain agency purchased approximately 125,000 metric tonnes of animal feed barley at an international auction on Tuesday. Barley was bought for the lowest price, $231.60 per ton with freight included (c&f), from Dreyfus and Dreyfus.

Boardman: Sport must play a role in the fight against climate changes

Posted to Maritime Reporter on October 8, 2024

Sport England Chairman Chris Boardman stated on Tuesday that sports clubs and organizations must step up their game to become leaders in the fight against catastrophic climate change. Boardman, a former Olympic gold medalist in cycling, opened…

Grain higher on South American rain forecast; soybeans lower

Posted to Maritime Reporter on October 7, 2024

U.S. soybean prices eased Monday as forecasts of rain in the dry areas of Brazil and Argentina, two major exporters, and rising U.S. supply boosted harvesting. Corn futures were pushed higher by solid exports and spillover support provided by a rising crude-oil market.

Britain's 'once-in-a lifetime' America Cup bid is boosted by royal support

Posted to Maritime Reporter on October 7, 2024

Ben Ainslie, the skipper of the British team, said that the opportunity for Britain to win the America's Cup was a "once in a lifetime" event. The team will give it their all when they face New Zealand. A long-time supporter of the team, Britain's Princess Diana…

Bangladesh announces tender for 50,000 T of wheat, traders claim

Posted to Maritime Reporter on October 7, 2024

European traders reported on Monday that Bangladesh's state grain buyer had issued an international bid to purchase 50,000 tons of milling Wheat. They said that the deadline for submitting price offers was October 22. CIF terms are used to determine the price offered in the tender.

Women's America's Cup debuts with a tussle for the top.

Posted to Maritime Reporter on October 6, 2024

This weekend, sailors celebrated the first America's Cup women's race with tight races and some spectacular slash downs in challenging Mediterranean weather conditions off Barcelona. The America's Cup was dominated by males for its entire 173 year history.

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