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July 29, 2025
A senior South African diplomat stated on Tuesday that U.S. requirements on domestic affirmative actions policies are complicating efforts to achieve a trade agreement, just days before a tariff of 30% on South African exports into the U.S. comes into effect.
Posted to Maritime Reporter
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July 29, 2025
Elodie bonafous carved a piece of offshore racing into history on Tuesday. She became the first woman in the IMOCA category to win the Rolex Fastnet Race, after a nail biting duel which went to the end. After more than two racing days in a record-breaking 444-strong crew…
Posted to Maritime Reporter
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July 29, 2025
The International Organization for Migration reported on Tuesday that at least 18 migrants were killed in a shipwreck near the eastern Libyan city of Tobruk over the weekend. Another 50 remain missing. IOM reported that ten survivors had been identified so far.
Posted to Maritime Reporter
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July 29, 2025
Royal Caribbean increased its annual profit forecast Tuesday, betting on resilient demand for luxury destinations even though the cruise operator expects higher fuel costs to pressure it. In premarket trading, the company's shares fell about…
Posted to Maritime Reporter
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July 29, 2025
European traders reported on Tuesday that the Iranian state-owned animal feeding importer SLAL had issued a tender for up to 120,000 metric tonnes of animal feed corn. They said that the deadline for submitting price offers was also Tuesday, 29 July.
Posted to Maritime Reporter
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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…
Posted to Maritime Reporter
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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.
Posted to Maritime Reporter
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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…
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…
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…
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.
Posted to Maritime Reporter
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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.
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.
Posted to Maritime Reporter
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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…
Posted to Maritime Reporter
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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)…
Posted to Maritime Reporter
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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.
Posted to Maritime Reporter
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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.
Posted to Maritime Reporter
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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…
Posted to Maritime Reporter
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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.
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…
