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Wednesday, December 18, 2024

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Petroecuador, Ecuador's gas company, launches a bidding process to develop an offshore gas field

Posted to Maritime Reporter on September 10, 2024

Petroecuador, Ecuador's sole energy project offshore, said on Tuesday that it would launch a fresh bidding process in order to find a suitable operator. In a press release, the company stated that three wells in operation produce around 21 million cubic foot of gas each day.

Ainslie wants to continue building on British speed gains for the America's Cup.

Posted to Maritime Reporter on September 10, 2024

Ben Ainslie, British Team Captain, said that his team is focused on improving themselves and the AC75 boat before they move into the next phase of America's Cup campaign. The British crew, after what Ainslie described as "rustiness" in the race…

The death toll of a capsized boat off the coast of Senegal has risen to 26

Posted to Maritime Reporter on September 10, 2024

In a tweet on Tuesday, the Senegalese Navy said that the death toll in a migrant ship accident off the coasts of Senegal had risen to 26, after 17 additional bodies were discovered. Radio Television Senegalaise reported late Sunday that the boat…

China's crude oil imports in August fell 7% due to weak demand and margins at the refineries

Posted to Maritime Reporter on September 10, 2024

Customs data released on Tuesday showed that China's crude imports fell by 7% in August compared to the same period last year. This was due to weak refining margins, low fuel consumption, and a continued decline in demand. However, shipments have recovered from their lows.

Paris wheat declines from three-week peak amid Black Sea competition

Posted to Maritime Reporter on September 9, 2024

Euronext Wheat Futures eased Monday, as Black Sea exports boosted prices in Paris from their three-week high. The grain markets also showed signs of consolidation as they awaited the widely anticipated U.S. government's crop forecasts, which are due later this week.

Paris wheat declines from three-week peak partly due to Black Sea competitors

Posted to Maritime Reporter on September 9, 2024

Euronext Wheat Futures eased Monday, as brisk Black Sea Exports and Chicago weakness encouraged Paris prices from their three-week high. The grain markets also consolidated as they awaited the widely anticipated U.S. government's crop forecasts, which are due later this week.

The French America's Cup dream is over as Britain wins the top board

Posted to Maritime Reporter on September 9, 2024

On Monday, France lost their chance to compete for the coveted America's Cup trophy. Britain, however, won key matches in the round-robin, putting them at the top of the leaderboard. Ben Ainslie and the British team are the leaders in the Louis Vuitton Cup semi-finals.

The British America's Cup defeat ends the French America's Cup dream

Posted to Maritime Reporter on September 9, 2024

France was eliminated from the America’s Cup challenger series on Monday. Their dream of competing for this coveted trophy ended when they were beaten convincingly by Britain off Barcelona in light winds. The Louis Vuitton Cup double round-robin…

QatarEnergy Orders Six More LNG Ships from China State Shipbuilding

Posted to Maritime Reporter on September 9, 2024

QatarEnergy announced on Monday that it had signed a contract with China State Shipbuilding Corporation for the purchase of six ultra-large vessels to transport liquefied gas. This brings its total number of such vessels on order up to 128.

GRAINS-Wheat reaches a one-week low due to strong Black Sea Exports

Posted to Maritime Reporter on September 9, 2024

Chicago wheat prices dropped to their lowest level in a week on Monday, as exports from the Black Sea Region kept the market defensive. The price of corn eased, while the price of soybeans increased ahead of a report on supply and demand from the U.S.

Media report that six bodies were found near the coast of Sicily, and they are likely victims of a recent shipwreck involving migrants.

Posted to Maritime Reporter on September 8, 2024

Italian media reported that the Italian coast guard had recovered six bodies near the coast of Sicily. The bodies are believed to be among the 21 people who were missing after a shipwreck involving migrants earlier in the month. Italian Coast Guard said that on Wednesday…

Sheinbaum, Sheinbaum: Mexico names Sheinbaum as defense minister and Navy chief

Posted to Maritime Reporter on September 6, 2024

Claudia Sheinbaum, the Mexican president-elect, announced Friday her choices for the top military leaders of the country when she assumes office in the next month. She named General Ricardo Trevilla to be the defense minister and Adm. Raymundo Morales as the leader of the Navy.

United States Gulf Coast-bound fuel oil freights hit 5-yr low as refinery need compromises

Posted to Maritime Reporter on September 6, 2024

the U.S. have softened, experts said. gasoline and diesel utilizing secondary units. But loadings of those items to the Gulf Coast, America's. biggest refining hub, fell by a 3rd in August from the previous. month to 260,000 barrels per day (bpd), according to information from.

FLC, a South Korean company, buys corn up to 68,000 t from the U.S.

Posted to Maritime Reporter on September 6, 2024

The Feed Leaders Committee of South Korea (FLC) bought between 66,000 and 68,000 metric tonnes of animal feed corn that was expected to come from the United States on Thursday in a late private deal without issuing a tender to international buyers, European traders reported on Friday.

"I've got you back," Taiwan's president tells warship sailors in combat readiness

Posted to Maritime Reporter on September 6, 2024

Lai Ching Te, Taiwan's president, told sailors on a warship that was ready for combat at a major naval base in the Taiwan Strait Friday that he would have their backs. He thanked them for protecting Taiwanese safety at a moment of increased tensions with Beijing.

Students at the U.S. Coast Guard Academy are seeking $130 million in damages for alleged sexual assaults

Posted to Maritime Reporter on September 5, 2024

On Thursday, more than a dozen ex-U.S. Coast Guard Academy (USCA) students who claim to have been sexually assaulted filed complaints seeking damages of $130 million. They accused the school of allowing such violence to continue unchecked. Former…

US Navy Secretary violated the law on political activities, says oversight agency

Posted to Maritime Reporter on September 5, 2024

The Office of Special Counsel stated on Thursday that U.S. Navy Sec. Carlos Del Toro had violated a federal law which limits political activity of federal employees by publicly urging people to vote for President Joe Biden, and criticizing former President Donald Trump.

EU wheat declines from 3-week high as Chicago rally stalls

Posted to Maritime Reporter on September 5, 2024

Euronext Wheat Futures fell on Thursday, after reaching a three-week high. A rally to cover shorts in Chicago failed and the competition from Black Sea wheat supplies was still strong. December wheat, which was the most active position on Paris' Euronext exchange…

Autopsies indicate that four victims of the Mike Lynch yacht suffocated to death.

Posted to Maritime Reporter on September 5, 2024

According to judicial sources, the initial examinations conducted on four of those who died when British tech tycoon Mike Lynch’s family yacht sank in Sicily last month showed that they had suffocated as the oxygen on board the vessel ran out.

The Royal Navy of the UK has confirmed that one person was killed when a helicopter ditched into English Channel

Posted to Maritime Reporter on September 5, 2024

The Royal Navy of Britain announced on Thursday that one person was killed after a helicopter forced to ditch in the Channel during an exercise. The Navy released a statement saying that a Royal Navy member died after a training accident last night.

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