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SailGP teams will be using faster T-shaped foils from 2025

Posted to Maritime Reporter on October 13, 2024

SailGP said that it plans to equip its fleet of F50 mono-design boats, starting next year with a new foil type, in order to increase the speed and tighten the racing. The organizers of the global racing circuit's fifth season, which begins in Dubai next month…

Trade sources claim that Trader Vitol is selling Venezuelan oil to Indian refiners.

Posted to Maritime Reporter on October 8, 2024

Trade sources reported that two Indian state refiners bought 2,000,000 barrels of Venezuelan oil from Vitol, for delivery in November. This is despite the fact that Venezuelan crude shipments continue to increase to what was previously Venezuela's second-largest oil market.

Data shows that a sanctioned LNG tanker passes through the Suez Canal.

Posted to Maritime Reporter on September 30, 2024

LSEG data revealed on Monday that the Pioneer tanker sanctioned by America for its links with Russian-sourced liquefied gas (LNG) has passed through Suez Canal carrying an LNG cargo. It was not immediately known where the LNG-flagged Pioneer would be heading or what its source was.

EU wheat prices ease after rally, as Black Sea supplies assessed

Posted to Maritime Reporter on September 24, 2024

Euronext wheat prices fell on Tuesday after consolidating a rally the previous day. Traders weighed weather and war risk to Black Sea supplies against signs that Russia, Ukraine and other exporters continue to dominate markets at lower prices.

Yemen Vice President: New strategy required to contain Houthis

Posted to Maritime Reporter on September 24, 2024

Yemen's Vice-President stated on Tuesday that the escalation of Middle East hostilities has made it more urgent for regional and global stakeholders to develop a new strategy in order to contain the increasingly well armed Houthi rebels who are backed by Iran.

EU wheat prices pause after rally, Black Sea supply is assessed

Posted to Maritime Reporter on September 24, 2024

Euronext wheat prices fell on Tuesday after consolidating a rally the previous day. Traders weighed weather and war risk to Black Sea supplies against signs that Russia, Ukraine and other exporters continue to dominate markets at lower prices.

Interfax reports that the Russian Black Sea Fleet's Aviation division has conducted sea and air exercises.

Posted to Maritime Reporter on September 23, 2024

Interfax reported Monday that the Russian Black Sea Fleet's aviation division conducted combat drills to destroy unmanned targets at sea and in the air over Black Sea. The agency quoted the ministry to say that "the combat mission tasks were performed in the darkness…

Quad group increases maritime security cooperation during Biden's Farewell Summit

Posted to Maritime Reporter on September 21, 2024

As outgoing U.S. president Joe Biden hosted his counterparts from the Quad, which was formed due to shared concerns regarding China, the leaders of Australia, India and Japan expanded their joint security measures in Asia's richly traded waters.

Australia performs first maintenance on US nuclear submarine

Posted to Maritime Reporter on August 23, 2024

The defence ministers from Australia, Britain, and the United States announced that a U.S. nuclear-powered sub will undergo maintenance for the first-time in Australia on Friday. This is a crucial step taken by AUKUS partner countries to deter aggressive behavior in the Indo-Pacific.

Sources say that Germany is planning to take a majority stake in the troubled cruise shipbuilder.

Posted to Maritime Reporter on August 22, 2024

Sources familiar with the situation said on Thursday that the German government intends to buy a majority stake in Meyer Werft - one of the top cruise ship builders in the world - as part of its support for the company. Sources said that Chancellor Olaf Scholz…

Clifford Chance shocked after missing lawyer in yacht accident

Posted to Maritime Reporter on August 20, 2024

A prominent New York attorney who is one of six passengers missing from a sunken boat off the coast of Italy was travelling with his longtime British client, British technology entrepreneur Mike Lynch. This happened just weeks after he helped him avoid conviction for a 12-year legal battle.

UKMTO reports that a ship captain reported an incident southwest of Yemen’s Hodeidah.

Posted to Maritime Reporter on August 12, 2024

The United Kingdom Maritime Trade Operations agency (UKMTO), said Tuesday, that a ship's crew reported an explosion 63 nautical mile southwest of Yemen's Hodeidah. In a note of advice, the agency stated that the vessel and crew were safe and that the ship was proceeding to the next port.

PARIS OLYMPICS: What you should know now

Posted to Maritime Reporter on August 10, 2024

Ethiopian Tamirat Tola, who won the men's race in a time Olympic record, crossed the finish line before Les Invalides. The day will be packed with athletics. Eight finals on track and field are scheduled for Saturday. Imane Khelif, the first woman from Algeria to win a gold medal in boxing…

PARIS OLYMPICS: What you should know now

Posted to Maritime Reporter on August 9, 2024

On Friday, the United States won the qualifiers for the women's 4x400 metre relay. The men's marathon swimming took place in the Seine River, and Algerian boxer Imane Khelif was preparing to compete for gold that evening. There are 35 gold medals to be won on Friday…

PARIS OLYMPICS: What you should know now

Posted to Maritime Reporter on August 9, 2024

On Friday, the United States won the qualifiers for the women's 4x400 metre relay. The men's marathon swimming took place in the Seine River, and Algerian boxer Imane Khelif was preparing to compete for gold that evening. There are 35 gold medals to be won on Friday…

EXPLAINER-Olympics-Kiteboarding comes of age as Formula One of the Games

Posted to Maritime Reporter on August 4, 2024

Kiteboarding, billed as the fastest Olympic sport, makes its Games debut Sunday. The foiling kitesailors will be racing around the course, trying to stay clear of wipeouts and avoid crashing. The discipline, which includes separate races for women and men…

The Russian Navy begins major drills that involve the majority of its fleet

Posted to Maritime Reporter on July 30, 2024

Russian media reported that the Russian Navy began planned exercises on Tuesday. The exercise involved a large part of their fleet, as well as some 20,000 people and 300 vessels, according to Russian news agencies citing information from the Defence Ministry.

Houthi leader warns of a response to Israeli airstrikes in Yemen's Hodeidah

Posted to Maritime Reporter on July 25, 2024

In a Thursday televised address, the leader of the Iran-backed Houthi group said that a response to Israeli airstrikes in Yemen's Hodeidah was coming. A drone fired on a crowd near Yemen's Hodeidah port, killing nine and injuring 87 people, just a day after the Houthi attacked Tel Aviv…

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…

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…

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