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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…

Trump Jr.-backed GrabAGun extends losses after sinking on debut

Posted to Maritime Reporter on July 17, 2025

GrabAGun, the company backed by Donald Trump Jr., saw its shares fall nearly 5% on Thursday in premarket trade. This is after they had fallen 24% during their debut at the New York Stock Exchange due to a blank check merger. The company is one of many businesses owned by the Trump family.

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

Posted to Maritime Reporter on July 17, 2025

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 proposals in the tender is 23 July. Traders had…

US wants to ban Chinese technology for undersea cables

Posted to Maritime Reporter on July 16, 2025

The Federal Communications Commission announced on Wednesday that it intends to adopt rules prohibiting companies from connecting submarine communications cables to the United States using Chinese technology or equipment. Brendan Carr, FCC chairperson…

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…

Taiwan purchases 89,650 t of wheat from the US, traders report

Posted to Maritime Reporter on July 16, 2025

In a Wednesday tender, the Taiwan Flour Millers' Association bought an estimated 89.650 metric tonnes of milling grain to be sourced in the U.S., European traders reported. Two consignments of wheat from the U.S. Pacific Northwest Coast were purchased.

Jordanian traders report that the country has issued a tender for up to 120,000 tons of wheat.

Posted to Maritime Reporter on July 16, 2025

The state grain buyer of Jordan has announced an international tender for up to 120,000 tons of milling whey that can come from optional origins. The deadline for submitting price offers is July 22, 2018. Traders had expected a new announcement after Jordan failed to purchase 120…

Iran seizes a foreign tanker that was smuggling in 2 million litres fuel

Posted to Maritime Reporter on July 16, 2025

According to Iran's semiofficial Mehr news agency, the chief judge of Hormozgan Province said that a foreign tanker had been seized in the Gulf of Oman by Iran for smuggling two million litres of diesel fuel. According to the report, "During…

White House National Security Council has seen more departures than usual, according to sources

Posted to Maritime Reporter on July 15, 2025

According to two sources who are familiar with these moves, two senior officials have left the White House National Security Council in the last few days. This is the latest departures from a body which has seen its size reduced dramatically in the past months.

Algeria purchases about 1 million T of wheat at tender, traders claim

Posted to Maritime Reporter on July 15, 2025

European traders reported that Algeria's state grain agency OAIC bought around 1 million metric tonnes of milling wheat at an international auction which ended on Tuesday. Initial reports indicated that purchases were made in a wide range of prices…

Egypt's military-linked agent to oversee the new exchange for commodity exports and imports

Posted to Maritime Reporter on July 15, 2025

The presidency announced on Tuesday that Egypt will launch a revamped commodity exchange in order to monitor imports and exports for essential agricultural products. It is aiming to ensure consistent supplies and maintain prices. In a press release…

Algeria purchases milling wheat at tender, traders claim

Posted to Maritime Reporter on July 15, 2025

European traders reported that Algeria's state grain agency OAIC bought milling wheat at an international auction which ended on Tuesday. They said that initial purchases were reported as being around $257 per metric ton, including freight. Traders claimed that some were purchased below this price.

Pakistan reduces the volume of sugar sought by tender to 50,000 T

Posted to Maritime Reporter on July 15, 2025

European traders reported on Tuesday that the Trading Corporation of Pakistan, a Pakistani state agency, has reduced its request for white refined sugar in an international tender to 50,000 tons. The original tender sought between 300,000 and 500,000 metric tonnes.

Imports from China to the busiest US port rose in June after tariffs were reduced

Posted to Maritime Reporter on July 14, 2025

The port's director announced on Monday that imports into the largest U.S. seaport, Los Angeles, rebounded in June. They finished up 10% from a year earlier and contributed to a record volume for the entire month. Last month, the Port of Los Angeles received 470,450 TEUs of cargo after the U.S.

Taiwan bids on 89,650 t of wheat with U.S. origin

Posted to Maritime Reporter on July 14, 2025

European traders reported on Monday that the Taiwan Flour Millers' Association had issued an international tender for an estimated 89.650 metric tons grade 1 milling grain to be purchased from the United States. The bidder is looking for two…

Algeria offers to purchase soft milling wheat in the amount of 50,000 metric tonnes, traders claim

Posted to Maritime Reporter on July 13, 2025

European traders reported on Sunday that Algeria's state grain agency OAIC had issued an international tender for the purchase of soft milling wheat from origins other than Algeria. Algeria usually buys more than the nominal amount sought in its tenders.

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