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Maritime Blogs

Black Jack wins the centennial Fastnet thriller

Posted to Maritime Reporter on July 29, 2025

Monaco's Black Jack 100 played perfectly on Tuesday, taking monohull line honors in the 100th anniversary Rolex Fastnet Race. This rounded off a fiercely-contested few days, which saw record fleets and tight margins. Underdogs pushed giants across 695 nautical mile of testing waters.

Chubu Elec is still committed to completing the review of offshore wind project in summer

Posted to Maritime Reporter on July 29, 2025

Chubu Electric Power announced on Tuesday that its C-Tech division is still reviewing with its partner the feasibility of domestic off-shore wind projects and hopes to finish the assessment by the end of the summer. Mitsubishi Corp and C-Tech were selected in 2021 to develop three offshore projects…

South Korea's FLC purchases about 132,000 metric tonnes corn, traders claim

Posted to Maritime Reporter on July 29, 2025

The Feed Leaders Committee of South Korea (FLC) bought 132,000 metric tonnes of animal feed corn from a worldwide source in an international auction on Tuesday, European traders reported. Two consignments were purchased, exceeding the 69,000…

Taiwan's MFIG offers to purchase up to 65,000 metric tonnes corn

Posted to Maritime Reporter on July 29, 2025

European traders reported on Tuesday that Taiwan's MFIG buying group had issued an international tender for up to 65,000 metric tonnes of animal feed corn, which could be sourced in the United States, Argentina Brazil or South Africa. According to the announcement…

South Korea's FLC offers to purchase up to 69,000 t corn, traders claim

Posted to Maritime Reporter on July 29, 2025

European traders reported on Tuesday that the Feed Leaders Committee of South Korea (FLC) had issued an international tender for purchase of between 52,000 to 69,000 metric tonnes animal feed corn. The deadline to submit price bids in the tender is also Tuesday July 29.

South Korea offers package of shipbuilding and other services to US trade deals in order to push for a deal

Posted to Maritime Reporter on July 29, 2025

Koo Yun Cheol, South Korean Finance minister, said on Tuesday that he will seek a trade agreement with mutual benefits when he meets U.S. Treasury Sec. Scott Bessent this week for discussions. This is just days before the August 1 deadline to avoid tariffs expires.

Exporters estimate that Ivory Coast cocoa arrivals for 2024/2025 are down by 2% from July 27.

Posted to Maritime Reporter on July 28, 2025

Exporters reported on Monday that cocoa arrivals in ports of Ivory Coast, the top producer, had dropped to a revised 1,620 million metric tonnes by July 27, since the start date of the season was October 1. This is down from 1.655 metric tons for the same period the previous season.

Fastnet Race 100th Anniversary: French Trimaran wins line honours

Posted to Maritime Reporter on July 28, 2025

SVR Lazartigue won the 2025 Rolex Fastnet Race, a record-breaking race that will take place in France. The sleek blue trimaran was the first to arrive at Cherbourg from the 444 strong fleet. The 32-metre foiling Ultim, skippered by Tom Laperche…

Nordex, a manufacturer of wind turbines, reports Q2 earnings that are above expectations

Posted to Maritime Reporter on July 28, 2025

Nordex, a manufacturer of wind turbines, reported earnings for the second quarter that exceeded analysts' expectations. German onshore turbine company reported earnings before interest tax, depreciation, and amortization (EBITDA), of 108.2 millions euros ($127.09million)…

CK Hutchison eyes Chinese bidding partner for $22.8 billion port sale

Posted to Maritime Reporter on July 27, 2025

CK Hutchison announced on Monday that it is looking for a large strategic Chinese investor to join its consortium bidders in the $22.8 billion port business. This follows media reports that the state-owned China COSCO Shipping Corp. may be joining the group.

As Putin attends a scaled-down Navy Day, Ukrainian drones are targeting St Petersburg

Posted to Maritime Reporter on July 27, 2025

Russian authorities reported that Ukrainian drones attacked St. Petersburg Sunday. The airport was forced to close for 5 hours during Vladimir Putin's celebration of Russia's Navy Day. This occurred despite the fact that the naval parade had been cancelled earlier due to security reasons.

Australia, Britain sign 50-year AUKUS submarine partnership treaty

Posted to Maritime Reporter on July 26, 2025

Australia's Government said Saturday that it had signed a Treaty with Britain in order to strengthen cooperation for the next 50 Years on the AUKUS Nuclear Submarine Partnership. AUKUS, the pact signed by Australia, Britain, and the U.S.A. in 2021…

Spear AI secures funding for the first time to use AI in submarine data

Posted to Maritime Reporter on July 25, 2025

The first outside capital has been raised by a startup created by U.S. Navy Veterans to help decipher the data collected by submarines using artificial intelligence. Spear AI, based in Washington, specializes on passive acoustic information that is collected by underwater listening devices.

Shipbuilding chief: Russia's sole aircraft carrier is likely to be scrapped, or sold.

Posted to Maritime Reporter on July 25, 2025

The chairman of Russia's State Shipbuilding Corporation told Kommersant in comments published Friday that the Admiral Kuznetsov aircraft carrier, which is 40 years old, will likely be sold or scrapped. Andrei Kostin made his remarks after a…

Greek shipyard workers stop operations due to heatwave

Posted to Maritime Reporter on July 25, 2025

Shipyard workers stopped their operations in Perama (16 km/10 miles) south of Athens on Friday, as the Mediterranean nation was stricken by a heatwave that is now the third longest this summer. Temperatures in the west reached a high of 44 degrees Celsius on Friday ahead of Sunday's predicted drop.

Turkey bids to import 225,000 metric tons of feed barley traders claim

Posted to Maritime Reporter on July 25, 2025

European traders reported on Friday that the Turkish state grain board TMO had issued an international tender for the purchase and import of about 225,000 metric tonnes of animal feed barley. The deadline to submit price proposals in the tender is 31 July.

UK and Australia strengthen AUKUS sub-pact through 50-year agreement

Posted to Maritime Reporter on July 24, 2025

The UK announced on Thursday that it will deepen the AUKUS nuclear sub partnership with Australia by signing a 50-year agreement. It expects this to boost British exports and create jobs. Australia, Britain and U.S. signed the AUKUS agreement in 2021.

South Korea's FLC purchases about 68,000 T of corn in a private deal, traders claim

Posted to Maritime Reporter on July 24, 2025

The Feed Leaders Committee of South Korea (FLC) purchased around 68,000 tons of animal feed in a private transaction on Thursday, without launching an international tender. The grain is available from all over the world, except for the Black Sea.

Union Pacific Railroad's quarterly profits rise

Posted to Maritime Reporter on July 24, 2025

Union Pacific announced a higher profit for its second quarter on Thursday. This was largely due to the robust demand of bulk and industrial shipments via multiple modes. Bulk shipments of the company, consisting of grain, fertilizer and coal…

South Korea's MFG purchases 65,000-75, 000 T corn in a private deal, traders claim

Posted to Maritime Reporter on July 24, 2025

Major Feedmill Group of South Korea (MFG) bought between 65,000 and 75,000 metric tonnes of animal feed corn on Thursday in a deal that was not subject to an international tender. The cost of the ton was estimated at $235.12, including freight. A $1.50 extra charge for port unloading was added.