Posted to Maritime Reporter
on
August 31, 2024
New Zealand, the America's Cup defenders, were back in the water Saturday after repairing damage to their AC75 that was sustained when they pulled it out of water two days earlier. New Zealand's monohull foiling boat suffered serious damage…
Posted to Maritime Reporter
on
August 29, 2024
New Zealand's AC75 America's Cup vessel sustained damage when it was lifted out of the water at Barcelona. They will not race on Friday until they have assessed its full extent. New Zealand confirmed that all members of its team were safe after the incident on Thursday…
Posted to Maritime Reporter
on
August 29, 2024
New Zealand, the America's Cup defenders, said that a crane failed when lifting their AC75 out of water following racing in Barcelona. However, all team members are safe. Onshore, the incident occurred as the competition began for the oldest…
Posted to Maritime Reporter
on
August 27, 2024
Two sources with knowledge of the situation said on Tuesday that the German government and the state of Lower Saxony will likely acquire around 80% of Meyer Werft in order to secure the company's future as one of the largest cruise shipbuilders in the world.
Posted to Maritime Reporter
on
August 23, 2024
Euronext Wheat fell on Friday for the third consecutive day, holding near its five-month low. A rising euro and an abundance of grain from the Black Sea at a lower price kept traders pessimistic about export prospects. The December wheat contract…
Posted to Maritime Reporter
on
August 23, 2024
The defence ministers from Australia, Britain, and the United States announced that a U.S. nuclear-powered sub will undergo maintenance for the first-time in Australia on Friday. This is a crucial step taken by AUKUS partner countries to deter aggressive behavior in the Indo-Pacific.
Posted to Maritime Reporter
on
August 22, 2024
Sources familiar with the situation said on Thursday that the German government intends to buy a majority stake in Meyer Werft - one of the top cruise ship builders in the world - as part of its support for the company. Sources said that Chancellor Olaf Scholz…
Posted to Maritime Reporter
on
August 21, 2024
Euronext Wheat prices fell on Wednesday to their lowest level in five months as the strength of the euro and cheaper Black Sea wheat supplies pushed down prices. The December wheat position, which was the most active on Paris' Euronext exchange…
Posted to Maritime Reporter
on
August 20, 2024
A prominent New York attorney who is one of six passengers missing from a sunken boat off the coast of Italy was travelling with his longtime British client, British technology entrepreneur Mike Lynch. This happened just weeks after he helped him avoid conviction for a 12-year legal battle.
Posted to Maritime Reporter
on
August 19, 2024
Euronext Wheat fell Monday to a five-month new low, as the gains in the dollar against the euro highlighted the export struggles of western European wheat in comparison with cheaper Black Sea wheat. The poor harvests in France, Germany and other…
Posted to Maritime Reporter
on
August 19, 2024
A person familiar with the search operation reported that British tech entrepreneur Mike Lynch was missing on Monday after his luxury yacht was hit by a violent thunderstorm and sank near the Sicilian capital Palermo. Lynch, 59 years old, was…
Posted to Maritime Reporter
on
August 16, 2024
Euronext wheat recovered from near five-month-lows on Friday, led by technical gains in the front-month contracts, although cheaper Black Sea supplies restricted gains and distracted attention from poor harvests across western Europe. Euronext December wheat was up 1.6% at 219…
Posted to Maritime Reporter
on
August 14, 2024
Euronext Wheat fell for the third day on Tuesday, to its lowest level in over four months. Traders said that competition from cheaper Black Sea wheat supplies outweighed disappointing western European harvests. The December wheat price on Euronext was 1.3% lower at 219…
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…
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…
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.
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…
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…
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.
Posted to Maritime Reporter
on
August 10, 2024
Ethiopian Tamirat Tola, who won the men's race in a time Olympic record, crossed the finish line before Les Invalides. The day will be packed with athletics. Eight finals on track and field are scheduled for Saturday. Imane Khelif, the first woman from Algeria to win a gold medal in boxing…