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Financial Times - April 21

Posted to Maritime Reporter on April 21, 2025

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these stories. Estonia warns that lifting Russia sanctions would harm EU taxpayers. The British Finance…

Equinor stops offshore construction for Empire Wind Project in the US

Posted to Maritime Reporter on April 17, 2025

Equinor, a Norwegian company, will stop offshore construction on its Empire Wind I in New York State following an order to cease work from the U.S. The company announced on Thursday that Interior Secretary Doug Burgum had issued a stop-work order.

SailGP announces the 2026 venues on five continents

Posted to Maritime Reporter on April 16, 2025

LONDON, 16 April - SailGP will be flying across five continents from Perth's sun-drenched water to Abu Dhabi's glittering final in 2026. The championship has secured a number of venues that are sure to please the crowds under multi-year host deals.

Rio Tinto's iron ore shipment fall after cyclones strike Pilbara operations

Posted to Maritime Reporter on April 15, 2025

Rio Tinto announced a 9% decline in the first quarter iron ore shipment on Wednesday. 2025 Pilbara shipments are now expected to be at the lower end after tropical cyclones ravaged Australia's West Coast and disrupted operation. Rio Tinto's…

Zelenskiy: Ukraine, UK and France discuss Black Sea Security

Posted to Maritime Reporter on April 15, 2025

The Ukrainian president Volodymyr Zelenskiy announced that on Tuesday, representatives from the United Kingdom, France, and Turkey will meet in Turkey to discuss Black Sea Security. Zelenskiy, along with NATO Secretary General Mark Rutte, said…

Court hears that the inquest into the death of tech tycoon Mike Lynch will take "many months".

Posted to Maritime Reporter on April 15, 2025

A British inquest heard on Tuesday that the investigation into the deaths last year of British tech tycoon Mike Lynch and banker Jonathan Bloomer, as well as members of their family, who died when a luxury boat sank, will take several months.

Clapcich's solo mission: Vendee bid to sail history

Posted to Maritime Reporter on April 15, 2025

Francesca Clapcich, an Italian skipper, has announced a campaign to compete at the Vendee Globe in 2028. This would make her one of the few people who could compete in all four of the sport's most prestigious events. Clapcich, backed by 11th Hour Racing and The Ocean Race…

German court reviews seizure Russian tanker'shadow Fleet'

Posted to Maritime Reporter on April 14, 2025

The German finance ministry announced on Monday that a German court would consider a request for the release of an oil tanker believed to be a part of Russia's so-called "shadow fleet" used to circumvent oil sanction. In January, the Panama…

Olympic champion Bontus undergoes surgical treatment after skiing accident

Posted to Maritime Reporter on April 14, 2025

VIENNA, 14 April - Formula Kite Olympic Champion Valentin Bontus suffered a torn ligament in his left leg after a skiing accident at the weekend. This is his second injury to that same knee since the year 2020. Der Standard, Austrian newspaper…

Burling, America's Cup winning skipper, leaves Team New Zealand

Posted to Maritime Reporter on April 10, 2025

Peter Burling, three-time America's Cup winner and skipper of Team New Zealand, has parted ways with the team after they failed to reach an agreement ahead of the 38th regatta. Team NZ's management said it and Burling were in talks since their…

Ireland continues to bid for offshore wind projects despite the industry turmoil

Posted to Maritime Reporter on April 10, 2025

Ireland will hold at least three additional offshore wind auctions before the end of the decade, said its marine minister on Thursday. He added that the country was unlikely to meet its goal of 80% electricity generation by renewable sources by 2030.

VW's quarterly results fall due to US tariffs, EU Carbon Rules, and restructuring

Posted to Maritime Reporter on April 9, 2025

Volkswagen has said that uncertainty over tariffs imposed by President Donald Trump in the United States was one of the reasons for its operating results falling to 2.8 billion euro ($3.07 billion), from 4.6 billion dollars, last year. The results…

INEOS withdraws America's Cup Challenge

Posted to Maritime Reporter on April 9, 2025

INEOS Britannia, the team backed up by INEOS Chief Jim Ratcliffe, announced on Wednesday that it had withdrawn from the race for the America's Cup due to a failure to reach a deal with Athena Racing of former skipper Ben Ainslie. INEOS announced…

EU tariffs will curb US corn imports; soy is less at risk now

Posted to Maritime Reporter on April 9, 2025

The European Union's counter-tariffs against U.S. products, which will be implemented next week, are expected to stop a large amount of U.S. grain from reaching Europe and increase costs for buyers who want to find alternative sources of feed grain.

Sources: India approves the purchase of 26 Rafale jets from France for its navy

Posted to Maritime Reporter on April 9, 2025

Two people familiar with the decision confirmed it on Wednesday. The purchase is a deterrent to rival China's growing naval presence in Indian Ocean. The people, who requested anonymity because they were not authorized to speak to media, said…

Volkswagen to charge 'import fees' on cars affected by tariffs, WSJ reports

Posted to Maritime Reporter on April 2, 2025

The Wall Street Journal reported that Volkswagen would introduce an "import charge" on affected vehicles by the 25% tariffs levied by U.S. president Donald Trump. Reports citing an internal memo sent to retailers said that the German automaker had temporarily stopped rail shipments from Mexico…

Maersk Shipping expects US growth to continue but warns about rising uncertainty

Posted to Maritime Reporter on April 2, 2025

Maersk, the Danish shipping company, has seen a strong demand from the United States this year. It expects it to continue. However, President Donald Trump's proposed tariffs could cloud its outlook. Maersk published its regular global market forecast before Trump…

German wind farms are asked to install radar due to security concerns

Posted to Maritime Reporter on April 2, 2025

The Federal Maritime Authority announced on Wednesday that wind farms near the German coast in northern Germany have been requested to install radar equipment to improve surveillance of drones and ships. The Russian invasion of Ukraine, which…

Euronext is cautious about new contracts but proud of its core agricultural contracts

Posted to Maritime Reporter on April 1, 2025

Euronext wants to continue building on the record-breaking volumes of its main crop futures last year by attracting non-European participants like wheat importers from the Middle East. In an interview, Camille Beudin of Euronext, the head of diversified service and in charge of commodities…

Holders New Zealand cancel plans to host the next America's Cup

Posted to Maritime Reporter on March 31, 2025

New Zealand, the three-time defending champions of the America's Cup will not be seeking to host the next edition. An Emirates Team New Zealand announcement on Monday cited a lack economic support from government. New Zealand won the 37th America's Cup last October in Barcelona…

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