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Crown Estate and GB Energy will work together on clean energy projects

Posted to Maritime Reporter on July 24, 2024

The government announced on Thursday that GB Energy, Britain's newly created state-backed power company, will work with Crown Estate to increase investment and develop clean energy projects. According to the terms of the deal, the Crown Estate…

Venezuela awards licenses to BP and Trinidad's NGC in order to develop offshore gas projects

Posted to Maritime Reporter on July 24, 2024

Venezuela granted a license for a long time to British energy company BP and the state-owned National Gas Company of Trinidad and Tobago to develop Venezuela's side of a large gas field which extends into Caribbean waters. There are approximately…

EU wheat prices ease as Black Sea supplies hang over the market

Posted to Maritime Reporter on July 24, 2024

Euronext's front-month wheat futures eased Wednesday, as the Black Sea export supply competed with Euronext and traders looked for more information about the losses from a wet harvest in Western Europe. The price of September wheat traded on…

EU Wheat drifts as Black Sea Supply Hangs Over Market

Posted to Maritime Reporter on July 24, 2024

Euronext Wheat Futures were not much changed on Wednesday, as export competition by Black Sea supplies curbed prices. Traders also sought to learn more about the extent of damage caused by a wet harvest in Western Europe. The September wheat…

Meloni, Italy's Meloni, to visit China with a trade and investment agenda this week

Posted to Maritime Reporter on July 24, 2024

A person involved in planning said that Giorgia Melons first visit to China since she took office will be from July 26-31. She is hoping to improve trade between China and Italy. Meloni is expected to meet Chinese Premier Li Qiang and President Xi Jinping.

IOM: 15 people dead, 150 missing following boat capsize off Mauritania

Posted to Maritime Reporter on July 24, 2024

The International Organization for Migration said that 15 people died and 150 others were missing when a boat with 300 passengers capsized on Monday near the capital of Mauritania, Nouakchott. One of the most dangerous migration routes in the world is the Atlantic route…

Georgia investigates an alleged plot against the ruling party's founder

Posted to Maritime Reporter on July 24, 2024

Georgia's State Security Service said Wednesday that it was investigating an assassination plot against former Prime Minister Bidzina ivanishvili. She is the honorary chairperson of the ruling party. In a Facebook post, the State Security Service…

DSV Freight expects earnings to increase from Red Sea disruption

Posted to Maritime Reporter on July 24, 2024

DSV, a Danish shipping company, said that it expected disruptions in the Red Sea to have a positive effect on its earnings during the second half. Third-largest global freight forwarder, a company that operates in sea, air and roads divisions…

Crown Estate of Britain posts record profits from offshore wind licensing

Posted to Maritime Reporter on July 23, 2024

Crown Estate in Britain, which manages the public property of King Charles, reported a record profit of 1.1 billion pounds (1,42 billion dollars) for 2023/24, boosted by offshore wind leases. The results were released on Wednesday. Crown Estate…

Guardian reports that six people are believed dead after a fishing boat sinks near the Falkland Islands

Posted to Maritime Reporter on July 23, 2024

The Guardian reported that six people may have perished after a fishing boat flying the Saint Helena flag sank near the Falkland Island coast. It said that 14 of the 27 crew believed to be on board had been rescued. The report said that seven other crew members were still missing.

Crown Estate of Britain posts record profits from offshore wind licensing

Posted to Maritime Reporter on July 23, 2024

Crown Estate in Britain, which manages the public property of King Charles, reported a record profit of 1.1 billion pounds (1,42 billion dollars) for 2023/24, boosted by offshore wind leases. The results were released on Wednesday. Crown Estate…

West, a UK-based ship insurer, has problems with paying claims to a Russian company that is under sanctions

Posted to Maritime Reporter on July 23, 2024

West, a UK ship insurer, said that it would be difficult to pay claims for ships involved with accidents or collisions involving other vessels insured by the sanctions-hit Russian Ingosstrakh. This is another indication of the difficulties with Moscow's oil trading.

UN representative to Yemen says the threat of Houthi to Red Sea shipping has grown.

Posted to Maritime Reporter on July 23, 2024

Hans Grundberg, the U.N.'s Special Envoy for Yemen, told the U.N. Security Council that recent developments in the Red Sea suggest the threat of international shipping by Yemen's Houthis has grown. Grundberg, in a briefing about the situation…

Leonardo's fighter jet program survives UK defence review

Posted to Maritime Reporter on July 23, 2024

According to a Leonardo executive, a British review of defence policy will not affect a multi-billion dollar fighter jet project being developed by Italy and Japan, as well as the United Kingdom. The Global Combat Air Programme (GCAP) is being developed by BAE Systems in Britain…

UK ends use of controversial Bibby Stockholm migrant boat

Posted to Maritime Reporter on July 23, 2024

As part of its overhauling of the asylum system the new Labour government in Britain will stop using the controversial Bibby-Stockholm barge for migrants to be housed off the South Coast of England, the statement said. The Conservative government…

Italian prosecutors are investigating officials in connection with the Cutro shipwreck of migrants

Posted to Maritime Reporter on July 23, 2024

On Tuesday, prosecutors in Crotone, a southern Italian city, informed four officers of the police and two members of its coastguard that they could face additional action for a shipwreck involving migrants that claimed the lives of at least 94 individuals.

Black Sea CPC blend oil exports will fall by 9% in August

Posted to Maritime Reporter on July 23, 2024

Two sources familiar with the plans said that the Black Sea CPC blend oil exports through the Caspian Pipeline Consortium system (CPC) are expected to drop to 4.9 million tons in August, from the 5.4 millions planned for July. Calculations showed…

One person killed after a Ukrainian drone strikes a ferry in russian port, according to regional governor

Posted to Maritime Reporter on July 23, 2024

Veniamin Kodratyev, the regional governor of the southern Krasnodar Region in Russia, said that a Ukrainian drone attacked a ferry in Port Kavkaz and killed a person. The RIA news agency, citing a source from emergency services, reported that…

British Business – July 23,

Posted to Maritime Reporter on July 23, 2024

These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch their accuracy. LVMH, the luxury goods conglomerate, and its billionaire founder bought a stake of Bicester Village as…

IRGC: Iran's Revolutionary Guards have intercepted a tanker managed by the UAE

Posted to Maritime Reporter on July 23, 2024

The IRGC, along with British security firm Ambrey, announced on Monday that the IRGC had intercepted a tanker flying the flag of Togo, but managed by UAE, carrying 1,500 tonnes of marine gas oil. Ambrey reported that the vessel was carrying…

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