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EU wheat prices slip as Black Sea supplies weigh

Posted to Maritime Reporter on August 13, 2024

Euronext Wheat Futures fell on Tuesday for the second day in a row as Egypt's ongoing efforts to secure supply highlighted the availability of Black Sea wheat at lower prices. December wheat, which was the most actively traded position on Paris' Euronext exchange…

Jordan purchases approximately 60,000 T of wheat at tender, traders claim

Posted to Maritime Reporter on August 13, 2024

In an international auction held on Tuesday, Jordan's state grain buyer bought about 60,000 metric tonnes of hard milling whey from optional origins. They said that the wheat was purchased from CHS for an estimated cost and freight of $259.90 per ton…

Romania destroys a stray mine at its Black Sea coast

Posted to Maritime Reporter on August 13, 2024

The defence ministry reported that the Romanian navy blew up a mine, which had drifted onto its Black Sea coast on Tuesday. Romania, Bulgaria, and Turkey are working together to defuse mines that have been floating in the Black Sea since Russia invaded Ukraine 2022.

Poland launches a loan program of nearly 5 billion euro to finance offshore wind

Posted to Maritime Reporter on August 13, 2024

The state assets ministry, and the bank BGK announced on Tuesday that Poland will launch a program worth nearly 5 billion euros ($5,46 billion), financed by the European Union recovery funds. This programme will provide loans to the builders of offshore wind farm on the Baltic Sea.

Blackstone sells 3,300 UK homes to USS Pensions

Posted to Maritime Reporter on August 13, 2024

Blackstone, a private equity firm, announced Tuesday that it had sold 3,00 shared-ownership houses to Britain's largest private pension fund. This is a sign that big money managers are increasingly making deals in the UK housing industry. Blackstone…

UKMTO reports that a ship captain reported an incident southwest of Yemen’s Hodeidah.

Posted to Maritime Reporter on August 12, 2024

The United Kingdom Maritime Trade Operations agency (UKMTO), said Tuesday, that a ship's crew reported an explosion 63 nautical mile southwest of Yemen's Hodeidah. In a note of advice, the agency stated that the vessel and crew were safe and that the ship was proceeding to the next port.

EU wheat prices fall as Egypt's Black Sea competition highlights the Black Sea Competition

Posted to Maritime Reporter on August 12, 2024

European wheat futures declined on Monday, as an Egyptian import bid kept attention on the competitive Black Sea supply. However, unexpected downward revisions in U.S. corn and wheat supply forecasts limited losses. December wheat, which was…

EU wheat prices fall as Egypt's Black Sea competition highlights the Black Sea Competition

Posted to Maritime Reporter on August 12, 2024

European wheat futures declined on Monday, as an Egyptian import bid kept attention on the competitive Black Sea supply. Expectations that U.S. crop forecasts would increase in a report by the government also weighed on sentiment. The December wheat position…

Harland & Wolff, the Titanic shipbuilder, warns of future prospects

Posted to Maritime Reporter on August 12, 2024

Harland & Wolff, a British shipbuilder, announced on Monday that it would not be able finalise the accounts for 2023 as a going concern and had suspended its work to finish its unpublished accounting. It is now looking at options to remain afloat.

Ukrainian wheat lowest priced at $244 per metric tonne at massive Egypt tender

Posted to Maritime Reporter on August 12, 2024

At Egypt's biggest single tender, Ukrainian wheat was offered at the lowest price of $244 per metric tonne. Traders say this is a premium because of delayed payment terms and lengthy shipping periods. The tender sought 3.8 million tons of cargo to be shipped between October and April.

US announces publically that it is moving a submarine to the Middle East amid tensions between Israel and Iran

Posted to Maritime Reporter on August 11, 2024

The Pentagon announced on Sunday that U.S. Secretary of Defense Lloyd Austin had ordered the deployment of an guided missile submarine in the Middle East. This comes as the region prepares for possible attacks from Iran and its allies following the death of senior Hamas and Hezbollah members.

PARIS OLYMPICS: What you should know now

Posted to Maritime Reporter on August 11, 2024

After a successful Games in France that helped revive the Olympic brand, Paris has handed the baton over to Los Angeles. In a nail-biting women's basketball match against France, the United States won the final gold medal of the Games and moved ahead of China on the medal table.

REVIEW-Olympics-Sailing-Change of the guard as Dutch dominate wind and water

Posted to Maritime Reporter on August 11, 2024

The wind or lack thereof was a challenge for Olympic sailors, officials, and broadcasters. However, the tight racing led to a change in the sailing world as foiling became a standard. The Netherlands won two golds, two bronzes, and Italy and Austria each took two golds.

PARIS OLYMPICS: What you should know now

Posted to Maritime Reporter on August 11, 2024

In a thrilling women's basketball match against France, the United States won the final gold medal of the Games and pushed them to the top of the medal table ahead of China. After a successful Games in France that helped revive the Olympic brand…

PARIS OLYMPICS: What you should know now

Posted to Maritime Reporter on August 11, 2024

Sifan Hassan took the gold medal in the women's race, achieving an Olympic record of 2 hours, 22 mins and 55 secs. It was her first medal on the final day of the Olympics in 2024, when more than a dozen were up for grabs. After a successful Games in France that helped revive the Olympic brand…

PARIS OLYMPICS: What you should know now

Posted to Maritime Reporter on August 10, 2024

The United States won a gold medal in basketball and a silver in table tennis, while China took home a number of golds in diving, weightlifting, and table tennis. The top two medal tables are still in play for the dominant sports nations on the final day of the Games. U.S.

Olympics-Canoeing-Vincent gets her golden moment with narrow Olympic win

Posted to Maritime Reporter on August 10, 2024

After a long wait, Canada's Katie Vincent was declared the winner in the women's single canoe 200m sprint. Vincent won the gold medal in the end by just a hundredth of a sec over American Nevin Harrison who had claimed the gold in Tokyo but missed another one in Paris.

Olympics-Canoeing-Sweet and fish sacrifices give golden payoff for Czech paddler Dostal

Posted to Maritime Reporter on August 10, 2024

Josef Dostal, a canoeist from the Cech Republic, won the 1000m single canoe Olympic final in Vaires-surMarne. He finally got the reward he deserved for giving up two of his greatest loves: sweets and fishing. The 31-year old knew he had to make…

Olympics-Canoeing-Kayak queen Carrington crowns dominant Olympics with eighth career gold

Posted to Maritime Reporter on August 10, 2024

Lisa Carrington, a New Zealander kayaker, won a clean sweep of gold at the Paris Games. She kept her cool and won the 500m women's single kayak race. Carrington now has eight gold medals to her name. The 35-year old Kiwi had to use all of her…

Ukraine claims to have hit a Russian offshore gas platform

Posted to Maritime Reporter on August 10, 2024

The navy spokesman announced on Saturday that the Ukrainian military intelligence and navy had damaged an offshore gas platform once used by Russian forces. The occupants used this location to spoof GPS in order to make navigation for civilians dangerous.

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