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US announces date for Gulf of Maine Offshore Wind Auction

Posted to Maritime Reporter on September 16, 2024

The U.S. The Interior Department announced Monday that the sale of offshore wind leases for eight areas off Massachusetts, New Hampshire, and Maine will take place on October 29. Why is it important? These areas could produce up to 13 gigawatts (or more) of clean…

Swiss and US win reprieves for America's Cup qualifying

Posted to Maritime Reporter on September 16, 2024

Both Switzerland and the United States kept their America's Cup dreams alive by winning dramatic semi-final races against Britain and Italy, respectively, in the qualifying series. The Swiss and U.S. were both on the verge of elimination in…

Paris wheat drops with Chicago after rally

Posted to Maritime Reporter on September 16, 2024

European wheat futures dropped on Monday, in line with Chicago. This was a technical setback following last week's rally which was fueled by fears over Black Sea supply. The December wheat price on Paris' Euronext fell 2% to 220.50 euro ($245.33) per metric ton.

GRAINS-CBOT Wheat reaches 12-week high on Black Sea tensions

Posted to Maritime Reporter on September 13, 2024

Chicago Board of Trade Wheat Futures hit a 12-week-high on Friday, as the escalating tensions between Russia and Ukraine inflicted increased uncertainty over Black Sea exports. Traders have focused their attention on the Black Sea, after Ukraine…

The Black Sea tensions have pushed the CBOT wheat to its 12-week high.

Posted to Maritime Reporter on September 13, 2024

Chicago Board of Trade Wheat Futures hit a 12-week-high on Friday, as the escalating tensions between Russia and Ukraine inflicted increased uncertainty over Black Sea exports. Traders have focused their attention on the Black Sea, after Ukraine…

Sailing-British select Swiss for America's Cup Challenger Semi-Final

Posted to Maritime Reporter on September 13, 2024

The United States will be facing Italy in the semi-finals for the America's Cup Challenger Series, which begins this weekend. The four teams will compete to be the first to take on New Zealand in the "Auld Mug", the oldest trophy of international sport dating back to 1851.

The British choose Swiss to compete in the semi-final of the America's Cup Challenger Semi-final

Posted to Maritime Reporter on September 13, 2024

The United States will be facing Italy in the semi-finals for the America's Cup Challenger Series, which begins this weekend. The four teams will compete to be the first to take on New Zealand in the "Auld Mug", the oldest trophy of international sport dating back to 1851.

GRAINS-Wheat hovers at near 2-month high amid Black Sea tensions

Posted to Maritime Reporter on September 13, 2024

Chicago wheat futures rose on Friday, hovering near their highest level in two months. Supply concerns increased due to the escalating tensions around the Black Sea region. The corn market rose for the third session in a row despite the U.S.

EU wheat prices fall as USDA data dampens rally over Black Sea risks

Posted to Maritime Reporter on September 12, 2024

Euronext Wheat ended Thursday slightly lower as an unexpected rise in a closely followed forecast for the U.S. Corn Crop encouraged prices to consolidate following a rally related to Black Sea Supply Concerns, traders said. The December wheat contract…

EU wheat runs on as missile strike reports add to Black Sea concerns

Posted to Maritime Reporter on September 12, 2024

Euronext Wheat Futures rose on Thursday for the third consecutive day, reaching a new peak of one month. Reports that a grain ship had been struck by a missile on the Black Sea kept attention on the supply risks in this vital export zone. The gains were modest…

The rift between China and the Philippines over South China Sea has deepened

Posted to Maritime Reporter on September 12, 2024

Under Ferdinand Marcos Jr., the relationship between Manila and Beijing has soured. Manila is now turning back to the United States for support in its maritime disputes against China. JAN 3: The Philippines and United States conduct their second joint patrol of the South China Sea…

EU wheat reaches four-week high on Black Sea supply concerns

Posted to Maritime Reporter on September 11, 2024

Euronext Wheat Futures reached a new four-week high on Wednesday as weather setbacks from Russia offset the recent pressure of brisk Black Sea Exports. December wheat, which was the most actively traded position on Paris' Euronext, closed 1.4% higher at 223.00 Euros ($245.52) per metric ton.

German lawmakers approve rescue of Meyer Werft shipbuilder, say the German parliament

Posted to Maritime Reporter on September 11, 2024

Members of the Budget Committee told the German lower house and Lower Saxony's state parliament on Wednesday that they had approved the rescue of Meyer Werft - one of the largest cruise ship builders in the world. The shipbuilder has a financing gap of almost 2.8 billion euros ($3.1 billion)…

Ainslie wants to continue building on British speed gains for the America's Cup.

Posted to Maritime Reporter on September 10, 2024

Ben Ainslie, British Team Captain, said that his team is focused on improving themselves and the AC75 boat before they move into the next phase of America's Cup campaign. The British crew, after what Ainslie described as "rustiness" in the race…

Paris wheat declines from three-week peak amid Black Sea competition

Posted to Maritime Reporter on September 9, 2024

Euronext Wheat Futures eased Monday, as Black Sea exports boosted prices in Paris from their three-week high. The grain markets also showed signs of consolidation as they awaited the widely anticipated U.S. government's crop forecasts, which are due later this week.

Paris wheat declines from three-week peak partly due to Black Sea competitors

Posted to Maritime Reporter on September 9, 2024

Euronext Wheat Futures eased Monday, as brisk Black Sea Exports and Chicago weakness encouraged Paris prices from their three-week high. The grain markets also consolidated as they awaited the widely anticipated U.S. government's crop forecasts, which are due later this week.

The French America's Cup dream is over as Britain wins the top board

Posted to Maritime Reporter on September 9, 2024

On Monday, France lost their chance to compete for the coveted America's Cup trophy. Britain, however, won key matches in the round-robin, putting them at the top of the leaderboard. Ben Ainslie and the British team are the leaders in the Louis Vuitton Cup semi-finals.

The British America's Cup defeat ends the French America's Cup dream

Posted to Maritime Reporter on September 9, 2024

France was eliminated from the America’s Cup challenger series on Monday. Their dream of competing for this coveted trophy ended when they were beaten convincingly by Britain off Barcelona in light winds. The Louis Vuitton Cup double round-robin…

GRAINS-Wheat reaches a one-week low due to strong Black Sea Exports

Posted to Maritime Reporter on September 9, 2024

Chicago wheat prices dropped to their lowest level in a week on Monday, as exports from the Black Sea Region kept the market defensive. The price of corn eased, while the price of soybeans increased ahead of a report on supply and demand from the U.S.

Sheinbaum, Sheinbaum: Mexico names Sheinbaum as defense minister and Navy chief

Posted to Maritime Reporter on September 6, 2024

Claudia Sheinbaum, the Mexican president-elect, announced Friday her choices for the top military leaders of the country when she assumes office in the next month. She named General Ricardo Trevilla to be the defense minister and Adm. Raymundo Morales as the leader of the Navy.

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