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SailGP opens with a roaring crowd in Portsmouth as British crews dominate the race

Posted to Maritime Reporter on July 19, 2025

After a dominant opening day in England's South Coast, Emirates GBR skipper Dylan Fletcher gave a masterclass of speed and consistency to propel his team to the SailGP top leaderboard. Fletcher’s crew was the winner of the first race in Portsmouth and never looked back…

Australia is confident that all issues raised by the US in its review of the submarine project will be resolved

Posted to Maritime Reporter on July 18, 2025

Australia's Ambassador to Washington, who spoke on Friday, said that his country was working with the Pentagon in order to review the U.S. Defense Department project for the AUKUS sub and is confident all issues will be resolved. Kevin Rudd…

Sources say Fincantieri is set to hire Telecom Italia's cybersecurity chief to lead its defence unit

Posted to Maritime Reporter on July 18, 2025

Two sources with knowledge of the matter have confirmed that Fincantieri, an Italian company, is set to hire Eugenio Santagata to lead its defence division. He was previously a top executive in Telecom Italia’s cybersecurity unit Telsy and a former military official.

France will face another difficult wheat export year, despite a better crop

Posted to Maritime Reporter on July 18, 2025

France may struggle to sell the much larger wheat crop it expects to produce this year, as its export options have been reduced due to a decrease in demand from Algeria and China. Also, Black Sea grain is cheaper. France could stockpile large amounts of wheat…

SailGP opens new cutting-edge facility for championship growth

Posted to Maritime Reporter on July 17, 2025

SailGP unveiled on Thursday its new innovation centre, worth $10 million in Southampton. The centre is home to more than 100 boat building experts with a mission of supercharging the fastest sailing championship. The SailGP Technologies facility…

Study shows that high interest rates in Russia may prompt a surge in distressed asset M&A.

Posted to Maritime Reporter on July 16, 2025

A study by top law firms found that high interest rates may encourage mergers and acquisitions in Russia, even though Western sanctions and a lack of liquidity among buyers will likely limit growth for the time being. The study found that the…

Angola finds offshore gas in its first gas-specific exploration hole

Posted to Maritime Reporter on July 12, 2025

Azule Energy in Angola is a joint venture between BP, Eni and a consortium of local oil and gas companies. It discovered gas during its first exploration well for gas off the coast, according to the national agency ANGP late Friday. The Gajajeira-01…

Brazilian oil may find new markets in the face Trump's tariffs

Posted to Maritime Reporter on July 10, 2025

Experts say that Brazil's oil will remain competitive on the international market even if President Donald Trump's 50% tariff is implemented on August 1. The main Brazilian export to the U.S. is oil. This product was previously exempted from…

The European Commission proposes a floating Russian oil price cap

Posted to Maritime Reporter on July 10, 2025

Four EU diplomats say that the European Commission will likely propose a floating Russian crude oil price cap as part of a draft new sanctions package this week in an effort to overcome the opposition of some member states. In its 18th package of sanction against Russia…

After a decline in wheat sales, Russia takes measures to boost agricultural exports

Posted to Maritime Reporter on July 10, 2025

After international wheat sales fell to their lowest levels since 2008, the Russian government has ordered measures to boost agricultural exports. Meanwhile, traders report that new crops are slow to arrive at Black Sea terminals. Sovecon estimates that July wheat exports will be between 2…

The Sailing-Admiral's Cup brings world's elites to Cowes

Posted to Maritime Reporter on July 10, 2025

The Admiral's Cup, which has been absent for two decades, returns to Cowes in this month. A top-tier fleet of international teams, including America's Cup veteran, Olympic medallists, and offshore specialists, will compete for the coveted trophy.

Ferrero nears about $3 billion deal for WK Kellogg, WSJ reports

Posted to Maritime Reporter on July 9, 2025

The Wall Street Journal reported Wednesday that the Italian candy company behind Ferrero is close to a $3 billion deal with WK Kellogg. This was based on the reports of people familiar with this matter. After the bell, shares of WK Kellogg (the…

Gunvor to stop oil terminal operations at Europoort Refinery

Posted to Maritime Reporter on July 9, 2025

Gunvor, the global commodities trading company, plans to stop all terminal operations at its Europoort refinery in Rotterdam (Netherlands), a spokesperson for the company said on Wednesday. Gunvor will consult with the refinery's works council regarding its plans, the spokesperson said.

Exports of cereals from France's Rouen hub to drop by 40% in 2024/25

Posted to Maritime Reporter on July 9, 2025

The operator of the port said that the poor French harvest was the reason for the 40% drop in 2024/25 cereal shipments. Haropa Port, the port operator, said that 5.2 million tons of cereals were loaded in Rouen during 2024/25 compared to 8.7 millions tons in 2023/24.

Rugby-Evergreen nonu resigns with Toulon at age 43

Posted to Maritime Reporter on July 8, 2025

Ma'a Nonu, a New Zealander who played for the New Zealand national team in the 1990s and 2000s, has signed a new one-year contract with Toulon. In February, the evergreen centre surprised Toulon by making a return. He was brought in as medical…

Goodchild's breakthrough IMOCA win makes waves for Britain

Posted to Maritime Reporter on July 7, 2025

Sam Goodchild, a British skipper, has won his first race in the IMOCA class. He led MACIF Sante Prevoyance in the Course des Caps – a 1,800 nautical mile race around Britain and Ireland. Goodchild, who took the lead at Fastnet Rock, off the southwest tip Ireland, never relinquished it.

EU wheat prices ease in U.S. holiday season

Posted to Maritime Reporter on July 4, 2025

The European Wheat Futures dipped on Friday, easing from a week-high. A U.S. Holiday robbed the market of its usual energy and positive harvest prospects. Slow exports also weighed down prices. As of 1618 GMT, September wheat prices on Euronext…

Onuachu side sign by Super Lig, Tall Paul towers to Trabzon and back.

Posted to Maritime Reporter on July 4, 2025

Paul Onuachu, the Nigerian striker who had been on loan at Southampton for a year and a half, has now moved permanently to Trabzonspor. The Saints fans nicknamed him "Tall Paul", but the forward, who stands at 2.01 metres, never really found his feet in the Premier League.

Trump's bill allocates $8.6 Billion for US Coast Guard Icebreakers

Posted to Maritime Reporter on July 3, 2025

The massive tax and spending plan of President Donald Trump includes more than $8,6 billion for the U.S. Coast Guard's icebreaker fleet to be deployed in the Arctic where Washington hopes it can counter the rising dominance of Russia and China.

Officials confirm that the Ukraine killed the deputy head of Russian Navy in Kursk.

Posted to Maritime Reporter on July 3, 2025

Oleg Kozhemyako said that Major General Mikhail Gudkov was killed in the Kursk region of Russia. Gudkov had been the deputy chief of the Russian Navy and also led a brigade which fought against Ukraine. In the past, unofficial Russian and Ukrainian…

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