Posted to Maritime Reporter
on
May 8, 2025
European wheat prices dropped on Thursday, returning to contract lows as rain forecasts for Black Sea crops increased the prospect of more export competition. Dealers waited for planned U.S. China trade talks. The benchmark September milling…
Posted to Maritime Reporter
on
May 8, 2025
The European wheat market fell Wednesday, as the rain forecasts for Black Sea crops increased the prospect of export competition. Dealers were also awaiting planned U.S. China trade talks scheduled this weekend. U.S. Wheat Futures in Chicago fell as well, further reducing Euronext's prices.
Posted to Maritime Reporter
on
May 8, 2025
European traders reported that the Feed Leaders Committee, a South Korean import group, purchased 60,000 metric tonnes of soymeal on Thursday in an international auction. The soymeal was expected to come from South America. It is believed that the FLC purchased from Cargill, a trading house.
Posted to Maritime Reporter
on
May 8, 2025
Shipping group A.P. Moller-Maersk reported a first-quarter operating income that was above expectations on Thursday and maintained its profit forecast for the full year. In a press release, CEO Vincent Clerc stated that "we delivered strong results in comparison to the same quarter of last year.
Posted to Maritime Reporter
on
May 8, 2025
According to European traders, the Korea Feed Association in South Korea purchased between 65,000 and 70,000 metric tonnes of animal feed corn from optional origins on Wednesday in a private transaction without launching an international tender.
Posted to Maritime Reporter
on
May 7, 2025
EU sources confirmed on Wednesday that the European Commission had proposed adding 15 new entities and persons to its sanctions framework, including individuals suspected of using chemical weaponry in Ukraine as well as Russian hybrid threats.
Posted to Maritime Reporter
on
May 7, 2025
In the next few weeks, the recovery of British tech-tycoon Mike Lynch’s superyacht will begin. This will shed some light on the mystery of how an allegedly unsinkable vessel ended up in the sea back in August. In just 16 minutes, the Bayesian capsized from the stern and sank…
Posted to Maritime Reporter
on
May 7, 2025
Israel Aerospace Industries, a state-run company, announced on Wednesday that it had signed a contract to sell the BlueWhale system of autonomous submarines to the Greek Navy. IAI did not disclose financial details. BlueWhale is a large uncrewed…
Posted to Maritime Reporter
on
May 7, 2025
Orsted, a renewable energy company, reported on Wednesday a profit operating above expectations for the first quarter. However, it said that the offshore wind industry is still facing challenges. Orsted's value has fallen by 80% since its peak in 2021…
Posted to Maritime Reporter
on
May 6, 2025
Magda Chambriard, CEO of Brazil's state-run oil company Petrobras, stated on Tuesday that the firm is seeking foreign investment to boost its local shipyards. Chambriard, a recent visit to China, has said that Petrobras wants to work with strong shipyards in order to build more ships in China.
Posted to Maritime Reporter
on
May 6, 2025
On Tuesday, President Donald Trump said that the U.S. would stop bombing Houthis in Yemen because the Iran-aligned groups had agreed to cease interrupting important Middle East shipping lanes. In order to stop the attacks on Red Sea shipping, the U.S.
Posted to Maritime Reporter
on
May 6, 2025
Malta's government announced on Tuesday that it will carry out repairs on an aid ship in international waters after the vessel was reportedly attacked by two drones on Friday morning. The Freedom Flotilla Coalition is an international NGO that operates the "Conscience".
Posted to Maritime Reporter
on
May 6, 2025
Calculations based on LSEG's data show that since April 3, the price of Urals oil in Russian ports along the Black Sea and Baltic Sea has been below the cap set by Western nations. The Group of Seven (G7) countries have introduced a price cap…
Posted to Maritime Reporter
on
May 6, 2025
John Keefer, representing Baylor, finished 11th at the NCAA Championship in late May 2024. This was a great way to cap off a five-year campaign. The Korn Ferry Tour player has only played 17 rounds at 64 or higher in sanctioned PGA Tour play since then.
Posted to Maritime Reporter
on
May 5, 2025
U.S. authorities said that at least three people, including two children were dead and nine others missing after a small vessel capsized on rough seas north of San Diego in what appeared to be a migrant smuggling effort. The U.S. Coast Guard…
Posted to Maritime Reporter
on
May 5, 2025
Israel said that it conducted airstrikes on Yemen's Hodeidah Port Monday, one day after Iran-aligned Houthis launched a missile near Israel's primary airport. In a press release, the military claimed that it had attacked targets it considered terrorists in Hodeidah.
Posted to Maritime Reporter
on
May 5, 2025
Authorities told NBC News, among other media outlets, that at least three people died after a small vessel capsized in the Pacific Ocean, north of San Diego. The U.S. Coast Guard also said they were searching for nine people who had gone missing.
Posted to Maritime Reporter
on
May 5, 2025
Euronext wheat contracts fell to new lows on Sunday as rain forecasts in the Black Sea region export region appeared to be increasing supplies among rival exporters, while the export-punishing strength of euro added doubts about demand for Western European Wheat.
Posted to Maritime Reporter
on
May 5, 2025
Euronext wheat contracts fell to new lows on Sunday as rain forecasts in the Black Sea region export region appeared to be increasing supplies among rival exporters, while an export-punishing strength of the euro added doubts about demand for Western European Wheat.
Posted to Maritime Reporter
on
May 5, 2025
Long Beach will be the host city for 11 events at the Los Angeles Olympics of 2028. Long Beach is a vibrant coastal town in southeast Los Angeles County, with a rich sporting and cultural heritage. Los Angeles Mayor Rex Richardson says the city…
