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16 people rescued from a sinking tourist boat off the Red Sea coast of Egypt

Posted to Maritime Reporter on November 25, 2024

Three security sources said that the Egyptian authorities had rescued 16 passengers after a tourist vessel sank near its Red Sea coastline. Search operations were continuing for any remaining passengers or crew. According to a Red Sea Governorate statement…

Wheat falls due to supply pressure; soybeans rebound from a one-month low

Posted to Maritime Reporter on November 25, 2024

Chicago wheat prices eased Monday due to ample supplies. The market gave up gains made earlier by concerns over Black Sea shipments. Corn fell, but soybeans rose. One grains trader from Singapore said that the market for wheat was initially supported by the escalations around Black Sea…

Australia dominates the Dubai SailGP opener

Posted to Maritime Reporter on November 23, 2024

DUBAI (Nov 23) - Triple SailGP champions Australia began their campaign for 2025 with authority, taking the lead on the first day of racing in Dubai. The Australians showed off their tactical skills in a new, striking livery. Chris Draper joined…

EU wheat prices pause after a 6-day rally due to the Black Sea crisis and weak euro

Posted to Maritime Reporter on November 22, 2024

The price of European wheat fell on Friday, after six sessions of gains. This was due to the improved prospects of the Australian harvest. However, the sharp drop in the euro and the intensification of the conflict in Ukraine continued to support the market.

Turkey is selling and exporting 150,000 T of feed barley to traders, they say

Posted to Maritime Reporter on November 22, 2024

European traders reported on Friday that the Turkish state grain board TMO had issued an international tender for the sale and export of approximately 150,000 metric tonnes of animal feed barley. The deadline to submit price proposals in the tender is November 28. Between Dec. 18, 2020, and Jan.

Chicago wheat to rise 6% weekly on Black Sea supply concerns

Posted to Maritime Reporter on November 22, 2024

Chicago wheat prices eased slightly on Friday, but are still expected to gain 6% in the week, after Russia launched an hypersonic missile into a Ukrainian town, raising fears about possible disruptions of exports. As of 1230 GMT the most active wheat contract on Chicago Board of Trade was down 0.1…

Chicago wheat to rise 6% a week on Black Sea supply concerns

Posted to Maritime Reporter on November 22, 2024

Chicago wheat rose on Friday and is expected to gain more than 6% in the coming week. This was due to a Russian hypersonic missile being launched at a Ukrainian town, which raised concerns about possible disruptions of exports. As of 0355 GMT…

Sources say that Rongsheng Petchem, a Chinese company, will buy heavy oil in February from Canada and Ecuador.

Posted to Maritime Reporter on November 22, 2024

According to sources in the trade, Rongsheng Petrochemical purchased 2.65 million barrels (or 98.4 million gallons) of heavy crude oil for delivery in February from the Americas. Sources said that the three Canadian crude cargoes, each of which is 550…

Rolex increases SailGP support as crews head to Dubai for the new season

Posted to Maritime Reporter on November 21, 2024

SailGP's fifth season will begin in Dubai at the weekend, with Rolex as the title sponsor. This partnership has been in place since the creation of the league. Rolex has been involved with sailing for almost 70 years and will become the title…

Euronext Wheat extends rally, with Black Sea as focus

Posted to Maritime Reporter on November 21, 2024

The benchmark European wheat price rose for the fifth session in a row on Thursday, reaching a record high of three weeks. This was due to the fall of the euro against the dollar as well as a Russian missile attack against Ukraine that kept…

Spithill makes his debut with the Red Bull Italy SailGP Team in Dubai

Posted to Maritime Reporter on November 21, 2024

Red Bull Italy SailGP Team, the 12th and last entry in the SailGP 2025 season, was unveiled on Thursday. The team, led by Jimmy Spithill will debut at this weekend's Emirates Dubai Sail Grand Prix. Italian driver Ruggero TITA and strategist Giulia FAVA are both double Olympic medalists.

Iran purchased about 60,000 T of barley at the tender, traders claim

Posted to Maritime Reporter on November 21, 2024

European traders reported on Thursday that the Iranian state-owned animal feeding importer SLAL purchased approximately 60,000 metric tonnes of animal feed barley during an international auction seeking around 120,000 tones this week. They said…

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

Posted to Maritime Reporter on November 21, 2024

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 offers for the tender is November 27. Jordan's previous barley tender…

Black Sea concerns persist as EU wheat prices rise with Chicago

Posted to Maritime Reporter on November 20, 2024

The European wheat futures closed higher on Wednesday as a result of a turnaround in Chicago. News that Ukraine fired more Western missiles at Russia sparked fears about a war escalate. Euronext was also boosted by the fall of the euro in relation to the dollar.

UK scraps Royal Navy Ships, retires Helicopters to Save $633 Mln

Posted to Maritime Reporter on November 20, 2024

British Defence Minister John Healey announced on Wednesday that he will free up $500 million ($633million) over the next five years for military budgets by scrapping several Royal Navy ships, a drone system, and retiring a few helicopters.

Richomme breaks a week-old record by solo sailing more than 550 nautical mile in 24 hours

Posted to Maritime Reporter on November 20, 2024

French sailor Yoann richomme broke the record of the longest distance covered by a monohull in 24 hours. He clocked 1,021.7 km (551.84 nautical miles) during the Vendee Globe race, a solo non-stop around-the-world race. Nicolas Lunven set the record of 546.64 nautical mile a week before Richomme…

Poland is planning to designate new offshore wind areas, an official has said

Posted to Maritime Reporter on November 20, 2024

Poland plans to allocate new areas for offshore turbine farms in the Baltic Sea. This was announced by its deputy minister of infrastructure on Wednesday. Poland has boosted its ambitions for offshore wind farms on the Baltic Sea even though…

Jordan offers to purchase up to 120,000 tonnes of wheat, traders claim

Posted to Maritime Reporter on November 20, 2024

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 to submit price proposals in the tender is November 26. Traders had expected a new announcement after Jordan failed to purchase 120…

GRAINS-Wheat declines, but remains near peak for one week due to Black Sea supply concerns

Posted to Maritime Reporter on November 20, 2024

Chicago wheat futures were slightly lower on Wednesday, despite renewed threats of disruptions in Black Sea supplies due to the escalation of the conflict in Ukraine. The contract was still near its one-week high. As of 0427 GMT the most active wheat contract on Chicago Board of Trade fell 0.66%…

Trinidad signss production sharing agreement for offshore gas block with BP

Posted to Maritime Reporter on November 19, 2024

The energy ministry announced that Trinidad and Tobago signed a production-sharing agreement on Tuesday with a British oil and gas company BP unit for the exploration and production of natural gas in a shallow water area. The agreement comes…

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