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May 19, 2025
The price of European wheat futures dropped on Monday, despite a large purchase by Saudi Arabia. A strong euro continues to hinder the competitiveness of EU exports. Benchmark September milling grain on Paris' Euronext fell 0.8% to 202.50 Euros ($227.49 per metric ton).
Posted to Maritime Reporter
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May 19, 2025
The Warsaw-based firm said that Equinor, a Norwegian company, and Polenergia of Poland have made a decision on the final investment for the project. It involves the construction of two wind farms near the Polish Baltic Sea coast. The cost of…
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May 19, 2025
The majority of luxury yachts manufactured by Italy's Azimut-Benetti won't be directly affected by U.S. tariffs on imports, said its owner and chairwoman, but the wider impact of trade tensions may become problematic. Giovanna Vitell told the Financial Times Business of Luxury forum in Barcelona…
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May 19, 2025
Norway announced on Monday that it had launched the first phase of its much-anticipated inaugural floating wind auction, and offered subsidies to the winning bidders despite the challenges facing the offshore wind industry worldwide. In the face of rising costs…
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May 18, 2025
The Estonian Foreign Ministry reported that Russia had detained an oil tanker owned by Greece on Sunday, after it left a Baltic Sea port in Estonia. It also said it had alerted NATO of the incident. In a press release, the Ministry of Transport…
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May 17, 2025
The President Tayyip Erdoan announced on Saturday that Turkey had discovered a new natural gas reserve of 75 billion cubic metres (bcm). Erdogan stated during an event held in Istanbul that "with this discovery, we can meet the natural-gas needs of Turkish homes for 3.5 years".
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May 15, 2025
The next America's Cup will be held in Naples in 2027, announced Prime Minister Giorgia Melons on Thursday. This is the first time that Italy has hosted the sailing's most prestigious event. New Zealand, three-times champions and defending hosts of the event…
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May 15, 2025
A UK interim report on Thursday said that winds exceeding 117 km/h probably caused the superyacht to sink off Sicily in 2013, killing British tech tycoon Mike Lynch, among others. Marine Accident Investigations Branch in Britain said that the 56-metre (184-foot-long) Bayesian…
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May 15, 2025
The Estonian Navy reported that it tried to detain an oil tanker bound for Russia under sanctions by Britain on Tuesday, claiming it had sailed without a flag and sailed in an illegal manner. However, it did not board the vessel when it refused cooperation, instead escorting to Russian waters.
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May 14, 2025
Jean-Noel Barrot, the French Minister of Foreign Affairs said that on Wednesday, EU diplomats announced sanctions on nearly 200 tankers from Russia's "shadow fleet". Sources who spoke anonymously said that although two countries need to consult with their parliaments about the details…
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May 14, 2025
Hapag-Lloyd's CEO Rolf Habben Jansen said on Wednesday that the company is experiencing a higher demand this week for freight traffic between China and the United States, following the detente reached in the trade dispute between the two countries.
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May 12, 2025
Fincantieri announced a 53.5% increase in its first-quarter core profits to 154 millions euros ($170.72million), driven by a strong performance in all segments, especially in shipbuilding and increased revenues in defence. Fincantieri, based in Trieste…
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May 12, 2025
Maersk, a Danish shipping company, said that on Monday the agreement between China & the United States on a 90-day suspension of tariffs & reciprocal duties is a positive step. At 0948 GMT, shares of Maersk were trading 12.9% higher. In an email…
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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.
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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…
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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…
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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.
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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.
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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.
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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…
