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Black Sea Wheat exports are threatened by the Russian threat to crop health, and Ukraine's risk of export.

Posted to Maritime Reporter on December 5, 2024

Chicago wheat futures contract lows are not indicative of global concerns about supply, but traders may want to pay more attention to what is happening in the Black Sea area. Winter wheat in Russia, the world's largest exporter of wheat, is in its worst condition ever.

Macquarie-backed offshore developer Corio begins job cuts

Posted to Maritime Reporter on December 5, 2024

Corio Generation is the UK-based offshore developer backed by Australia’s Macquarie Group. The company plans to reduce a few jobs, according to a spokesperson on Thursday. Many offshore wind companies have reviewed their investments and undertaken…

Denmark disappointed by no bids for offshore wind tender

Posted to Maritime Reporter on December 5, 2024

Authorities in Denmark announced on Thursday that they had received no bids from offshore wind farms for the latest tender. In a written announcement, Energy and Climate Minister Lars Aagard stated that "this is a very disappointed result".

EU Naval Force: Chinese fishing boat under the control of pirates in Somalia waters

Posted to Maritime Reporter on December 5, 2024

The European Union's naval force against pirates said that a Chinese fishing boat was under the control of alleged piracy in Somalia's semi-autonomous Puntland area. Anti-piracy forces said that pirates had taken over the vessel, which was carrying up to 18 crewmen.

Source: Tech-focused Whale Rock will reopen its fund in 2024 after it gained 51% by then.

Posted to Maritime Reporter on December 5, 2024

Whale Rock Capital Management, a tech-focused hedge fund, plans to reopen the flagship fund in early 2019 for between $200 and $300 million of new money following a successful performance in 2024. Source: The fund, with assets of approximately $9 billion…

Red Sea rescue operation underway for crew of cargo vessel

Posted to Maritime Reporter on December 5, 2024

Three maritime security sources confirmed on Thursday that a rescue operation was underway for the crew aboard a cargo ship flying the Panamanian flag, which had been abandoned near the port of Hodeidah at the Red Sea. The number of crew members on board and the cause of the accident were not known.

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

Posted to Maritime Reporter on December 5, 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 bids in the tender is December 11. Jordan's failure to purchase 120…

Thailand bids for around 120,000 T of feed wheat, traders claim

Posted to Maritime Reporter on December 4, 2024

European traders reported on Wednesday that a group of Thai importers has issued an international tender for the purchase of approximately 120,000 metric tonnes of animal feed wheat. Also, the deadline for submitting price offers to the tender is Wednesday, December 4.

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

Posted to Maritime Reporter on December 4, 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. Prices are subject to change until December 10. Traders…

Taipei to host Shanghai delegation in rare high level visit

Posted to Maritime Reporter on December 4, 2024

Taiwan's capital is set to host a high-level Chinese delegation in the coming weeks when a Shanghai deputy mayor visits for a city forum. This trip will take place at a period of increased tensions along the Taiwan Strait. Yin Wei, spokesperson for Taipei City government…

Philippines and China exchange accusations about the confrontation in South China Sea

Posted to Maritime Reporter on December 3, 2024

Philippine and Chinese coastguards have reported contradictory versions of an incident that occurred in the South China Sea around a disputed shoal. This is the latest dispute in a long-standing dispute between these two neighbours. China's…

Philippine Coast Guard reports "aggressive Chinese actions" near Scarborough Shoal

Posted to Maritime Reporter on December 3, 2024

The Philippine Coast Guard said that Chinese coast guard and navy vessels took "aggressive action" on Wednesday against a routine fisheries patrol conducted by the PCG and its partners near the contested Scarborough Shoal, in the South China Sea.

Fuel oil smuggling nets $1 billion in revenue for Iran and its allies

Posted to Maritime Reporter on December 3, 2024

Five sources familiar with the issue said that a sophisticated fuel oil smuggling ring in Iraq has grown since 2022 when Prime Minister Mohammed Shia al-Sudani assumed office. According to five individuals and three Western intelligence reports - two dated August of this year…

US Coast Guard ends search for crew members of capsized Alaskan boat

Posted to Maritime Reporter on December 2, 2024

The U.S. Coast Guard announced on Monday that they had suspended their search for five individuals after their commercial fishing vessel capsized in Alaska. The Coast Guard received an early Sunday mayday call from the crew on the Wind Walker fishing vessel…

Uber launches boat-hailing service on Kashmir's Dal Lake

Posted to Maritime Reporter on December 2, 2024

Uber launched its water transportation hailing service in India's Kashmir Region on Monday. The service offers rides on popular tourist boats on the Dal Lake. Uber officials confirmed that users can reserve trips on the traditional wooden Shikara…

Marcos, Philippines: Presence of Russian submarine is'very worrying'

Posted to Maritime Reporter on December 2, 2024

The presence of a Russian submarine in the Philippines exclusive economic zone in the South China Sea is "very worrying", said Ferdinand Marcos Jr. on Monday. "That is very worrying." Marcos said that any intrusion in the West Philippine Sea or our EEZ is very concerning.

China takes action against illegal Philippine vessels in disputed waterways

Posted to Maritime Reporter on December 2, 2024

China's coastguard said Monday it had taken the "necessary measures" to control an "illegal gathering of Philippine vessels" in disputed waters near the Iroquois Reef in the South China Sea. In a recent statement, Liu Dejun said that a number of Philippine vessels had "illegally"…

Threatened by environment change, Panama Canal has big strategies to handle dry spell

Posted to Maritime Reporter on December 2, 2024

in the face of an altering climate. Tres Hermanas, with its farms, two schools, churches and a. medical center, is among lots of towns that would disappear. in the next six years if the state-owned Panama Canal's. ambitious $1.6 billion job goes ahead. Locals are.

Rosneft's Zvezda shipbuilding facility will be purchased by Russia's VTB

Posted to Maritime Reporter on December 2, 2024

VTB, Russia's second-largest lender, will purchase the Zvezda Shipbuilding Yard from Rosneft. However the deal is in its initial stages. VTB CEO Andrei Kostin said. VTB currently runs the United Shipbuilding Corporation of Russia (USC), Russia’s largest shipbuilder.

Interpress reports that Georgian protesters have blocked the access road to Poti Black Sea Port.

Posted to Maritime Reporter on December 1, 2024

Interpress, a Georgian news agency, reported that protesters against the government in Georgia blocked the access road to the main commercial port of the country at the Black Sea town of Poti on Sunday. Protesters blocked at least one entrance of the port complex on Thursday…

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