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Wednesday, December 18, 2024

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US official: Chinese nuclear-powered sub sank in the first half of this year

Posted to Maritime Reporter on September 26, 2024

A senior U.S. official confirmed on Thursday that China's latest nuclear-powered attack sub sank in the first half of this year. This could be an embarrassment to Beijing, which is seeking to increase its military capabilities. China has already…

EU wheat gains pared as export concerns counteract weather support

Posted to Maritime Reporter on September 26, 2024

Euronext Wheat Futures rose on Thursday, boosted by weather concerns for planting. However, they fell from their previous one-week high amid signs of stiff competition in exports. The December wheat price on Paris' Euronext rose 0.3% to 221.25 Euros ($247.18) per metric ton.

Reports and sources confirm that at least four people have died after an oil barge sinks off Venezuela.

Posted to Maritime Reporter on September 26, 2024

According to sources and a report on the accident, at least four people are dead after an oil barge sank in Venezuela's Lake Maracaibo. The barge was operated by a contractor for the state-run PDVSA energy company. The report said that another…

Britain and Italy are in a race for the America's Cup

Posted to Maritime Reporter on September 26, 2024

The first-to seven America's Cup Challenger Final on Thursday saw Britain and Italy tied with one victory each. Next month, the winner of the Louis Vuitton Cup qualifying series will face New Zealand's America's Cup defenders for the coveted Auld Mug in Barcelona.

US East Coast port employer files NRLB complaint with Union as strike looms

Posted to Maritime Reporter on September 26, 2024

On Thursday, employers negotiating a contract with union leaders at U.S. East Coast and Gulf Coast ports filed a complaint for unfair labor practices against them. They claimed that the union refused to resume negotiations before the threatened deadline.

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

Posted to Maritime Reporter on September 26, 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 2. Jordan's failure to purchase 120…

SailGP debuts 2025 Sassnitz in Germany

Posted to Maritime Reporter on September 26, 2024

SailGP, the adrenaline-fuelled sailing spectacle, is headed to new waters in August 2025. The elite sailing championship will make its highly anticipated German debut on the island Ruegen. Sassnitz along the coast of the island will host two days high-octane races.

Italy wins Youth America's Cup at Barcelona

Posted to Maritime Reporter on September 26, 2024

Italy won the Youth America's Cup Thursday, with a convincing victory over the United States. The final was held on the Mediterranean Sea near Barcelona. This is the first of two regattas that will precede the America's Cup in October when New Zealand…

Britain announces new Russia shipping sanctions

Posted to Maritime Reporter on September 26, 2024

The UK announced on Thursday that it has sanctioned two shipping companies and five ships under its Russian sanctions regime. In the first week of this month, Britain sanctioned 10 more ships from Russia's "shadow fleet", a group of vessels…

New Zealand and Australia naval ships passed through the Taiwan Strait on Tuesday

Posted to Maritime Reporter on September 26, 2024

According to a Thursday statement by New Zealand's Defence Minister Judith Collins, naval vessels from New Zealand sailed across the Taiwan Strait. Collins described the two ships' activity as routine and in accordance with international law.

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on September 26, 2024

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. After intense discussions on Wednesday at the United Nations, the United States and France along with several other allies…

Financial Times - Sept 26

Posted to Maritime Reporter on September 25, 2024

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. Keir starmer will travel to Brussels next week, where he will meet Ursula von der Leyen of the European Commission…

Newspaper report: Japan destroyer crosses Taiwan Strait first time.

Posted to Maritime Reporter on September 25, 2024

The Yomiuri reported, citing several government sources, that Japan's Self Defense Force had patrolled the Taiwan Strait for the first ever time on Wednesday in an effort to send a signal to China. The Japanese newspaper reported that the SDF…

Haiti PM: Nation far from winning gang warfare as UN deadline looms

Posted to Maritime Reporter on September 25, 2024

Haitian Prime Minister Garry Conille stated on Wednesday that the Caribbean nation is still far from winning its battle against armed groups who control the majority of the capital. A deadline set by the United Nations for the long-delayed assistance fast approaches.

Agriculture groups ask White House to avoid East Coast port disruption

Posted to Maritime Reporter on September 25, 2024

On Wednesday, agriculture groups urged the White House take action to prevent a possible strike that could start on October 1 at U.S. East Coast and Gulf Coast ports. These ports handle about half of the nation's ocean imports. The American Farm Bureau Federation and other groups…

Euronext Wheat Firm as Weather and Exports Weigh

Posted to Maritime Reporter on September 25, 2024

Euronext Wheat Futures edged up on Wednesday, as the dry weather in Russia and Ukraine is hindering sowing. This has raised early concerns over next year's harvest. However, brisk Black Sea exports kept prices under control. Euronext's December wheat was trading at 220.50 euro ($245.70)…

Bananas, cars, and clothing: US port labor dispute threatens variety of products

Posted to Maritime Reporter on September 25, 2024

off the task at seaports on the U.S. East and Gulf Coasts on Oct. 1, cutting off crucial trade arteries simply weeks ahead of the. country's governmental election. A strike would strike 36 ports that manage about half of. U.S. ocean imports. That could affect accessibility of a variety of.

RPT-Bananas, vehicles, and clothing: United States port labor dispute threatens variety of items

Posted to Maritime Reporter on September 25, 2024

off the job at seaports on the U.S. East and Gulf Coasts on Oct. 1, cutting off vital trade arteries just weeks ahead of the. nation's presidential election. A strike would hit 36 ports that manage about half of. U.S. ocean imports. That could impact availability of a series of.

EIA: US crude oil inventories drop more than expected, at a 2-1/2-year-low

Posted to Maritime Reporter on September 25, 2024

The Energy Information Administration reported on Wednesday that U.S. crude oil stocks fell by more than expected last week and reached their lowest level for nearly two-and-a half years. The EIA reported that crude stocks fell by 4.5m barrels, to 413m barrels for the week ending Sept. 20.

Jordanian traders report that Jordan has 4 participants in the 120,000 T barley auction.

Posted to Maritime Reporter on September 25, 2024

According to traders, four trading companies have so far participated in the international bid of Jordan's state grain buyer for up to 120,000 tons animal feed barley to be purchased on Wednesday. Trading houses believed to have participated so far are Viterra, Bunge and Al Dahra.

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