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Trump allows commercial fishing in New England Marine Monument

Posted to Maritime Reporter on May 9, 2025

According to a White House spokesperson, U.S. president Donald Trump will issue on Friday a proclamation to restore commercial fishing access to the marine national monument located off New England. The proclamation will reopen the nearly 5…

Yven is the first woman to win Transat Paprec in two dramatic finishes

Posted to Maritime Reporter on May 9, 2025

Charlotte Yven became the first woman in history to win the Transat Paprec two times, crossing the Caribbean finish with co-skipper Hugo Dhallenne. This was after a nail biting final that saw all 13 top boats finish within 3 hours of one another.

Dalin still hungry to defend IMOCA crown

Posted to Maritime Reporter on May 9, 2025

Charlie Dalin is aiming to defend his IMOCA Globe Series championship with the same methodical precision he has made his trademark for offshore racing. The 40-year old French skipper who shaved nine days from the previous record for the round…

China's crude oil imports in April rose 7.5% due to strong Iranian and Russian supplies

Posted to Maritime Reporter on May 9, 2025

China's crude oil imports in April slowed compared to the previous month, but increased 7.5% compared to a year ago due largely to an abundance of shipments sanctioned by the government and because state refineries built up stocks during maintenance shut-downs.

Trump's new ambassador in Panama casts China as a threat to frayed alliance

Posted to Maritime Reporter on May 8, 2025

The new US ambassador in Panama, who was appointed on Thursday, pledged to further strengthen the ties between the Central American nation and the United States while highlighting China as a threat to all. "My first priority will be to enhance…

Paris wheat contract returns to lows; Black Sea rain benefits crops in rivals

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…

Rain from the Black Sea helps rival exporters' crops when Paris wheat is affected

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.

South Korea's FLC purchases 60,000 metric tonnes of soymeal from traders

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.

Maersk keeps 2025 outlook unchanged; Q1 profits beat forecast

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.

South Korea's KFA purchased up to 70,000 T of corn in a private deal, traders claim

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.

EU envoys discuss the sanctions related to Russia's chemical weapons use

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.

After a fatal sinking, the salvage of Lynch's yacht will begin in Italy

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…

Israel Aerospace sells autonomous submarines for the Greek Navy

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…

Orsted Q1 exceeds expectations

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…

Petrobras is looking for foreign companies to partner with Brazilian shipyards

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.

Trump announces that the US will no longer bomb Houthis following an agreement

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.

Malta to repair a ship that was reportedly bombed allegedly by drones

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".

Data shows that the price of Russian Urals oil remains below the Western price cap

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…

John Keefer, a Korn Ferry Tour regular, gets an invite to the PGA Championship

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.

Three people are dead and nine missing after a small boat capsizes in San Diego

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…