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What are the likely topics of discussion at the US-South Korea Summit?

Posted to Maritime Reporter on August 22, 2025

Donald Trump, the U.S. president, will host South Korean President Lee Jae Myung for their first meeting in Washington on Monday. The two countries had struck a deal on trade last month that reduced U.S. duties on the Asian ally from 25% to 15%. Alongside trade, U.S.

Asylum claims reach record levels, opponents try to turn the screw on UK's Starmer

Posted to Maritime Reporter on August 21, 2025

Keir starmer, the British Prime Minister, faced new criticism on Thursday over his immigration policy after official figures revealed that asylum claims had reached a record-high and more migrants were being housed at hotels than a year earlier.

Data shows that the UK is housing 32,000 asylum seekers at hotels. Critics are criticizing this policy.

Posted to Maritime Reporter on August 21, 2025

Official data revealed on Thursday that more than 32,000 asylum-seekers were living in hotels across Britain by the end of the year 2025, with asylum requests reaching a new high. The housing issue is now a major concern for Keir starmer, the British Prime Minister.

New Zealand will spend $1.6 Billion on US naval helicopters and Airbus jets

Posted to Maritime Reporter on August 20, 2025

New Zealand announced on Thursday that it will spend NZ$2.7bn ($1.6bn) to purchase five MH-60R Seahawk helicopters and two Airbus A321XLR planes, the first significant investment after a decision was made to replace the country’s aging defense fleet.

EU wheat prices rise with Chicago, but Black Sea concerns persist

Posted to Maritime Reporter on August 20, 2025

Euronext Wheat edged up Wednesday as benchmark futures recovered from a contract's low. Chicago prices rose, while doubts about Russian exports, and the rapid end of the war in Ukraine, tempered expectations for large supplies. At 1521 GMT the December wheat contract…

Egypt has agreed to purchase at least 200,000 tonnes of French wheat from the state buyer

Posted to Maritime Reporter on August 18, 2025

Future of Egypt, Egypt's state grain buyer, has announced that it has reached private agreements with French exporters to purchase at least 200,000 tons of French wheat, as well as several 30,000-ton loads of wheat from Ukraine, Romania and Ukraine.

Egypt has agreed to purchase at least 200,000 tonnes of French wheat from the state buyer

Posted to Maritime Reporter on August 18, 2025

Future of Egypt, Egypt's state grain buyer (Mostakbal Misr), has announced that it will buy at least 200,000 tons of French wheat through recent private agreements with exporters. It also plans to purchase several 30,000-ton cargoes of Ukrainian and Romanian wheat, the company said.

SailGP Germany: Sailing-France wins in a thrilling thriller after beating rivals

Posted to Maritime Reporter on August 17, 2025

France won their first SailGP of the year on Sunday as Quentin Delapierre’s team took the Germany Sail Grand Prix, beating out a three-boat duel in the calm waters off Sassnitz. France held their composure in a thrilling finale, which came down to the last metres.

SailGP Germany: France wins over rivals

Posted to Maritime Reporter on August 17, 2025

France won their first SailGP of the year on Sunday as Quentin Delapierre’s team took the Germany Sail Grand Prix, beating out a three-boat duel in the calm waters off Sassnitz. France held their composure in a thrilling finale, which came down to the last metres.

NZ leads overall, Sailing-Australia is ahead of Germany SailGP

Posted to Maritime Reporter on August 16, 2025

The Bonds Flying Roos of Australia, who won the first Germany Sail Grand Prix on Saturday, ended the day with a lead of eight points over New Zealand. Australia overcame a penalty at the start of the second race, and Tom Slingsby’s crew came back to finish in third place.

Brazil is out of the Germany Sail Grand Prix following a high-speed crash during practice

Posted to Maritime Reporter on August 15, 2025

Brazil won't be competing in this weekend's Germany Sail Grand Prix after its F50 foiling catamaran was damaged during Friday practice, while France is racing against the clock to repair their F50 following both vessels colliding in Sassnitz.

CPC Blend exports to drop in September, traders claim

Posted to Maritime Reporter on August 14, 2025

Three trade sources have told us that Black Sea CPC blend crude oil exports in September will be just shy of 1.6m barrels a day. This is a significant drop from the 1.66 million bpd that was scheduled to be loaded in August. Two sources confirmed…

UN: At least 20 migrants drown in a shipwreck near Italy's Lampedusa Island

Posted to Maritime Reporter on August 13, 2025

A United Nations agency reported and local media on Wednesday that at least 20 people were killed after a boat carrying migrants capsized near the southern Italian island Lampedusa. Ansa reported that rescuers had recovered 20 bodies and were still working.

Vestas' Q2 performance falls short of expectations, but outlook remains unchanged

Posted to Maritime Reporter on August 13, 2025

Vestas, a manufacturer of wind turbines, reported Wednesday a lower-than-expected operating profit for its second quarter and maintained the outlook for the entire year. Vestas has reported an operating profit of 57 millions euros ($66.56) for April-June…

Italian Sea Group shares fall 9.7% after lowering 2025 guidance due to US tariffs

Posted to Maritime Reporter on August 8, 2025

The Italian Sea Group shares fell up to 9.7% on Friday after the group lowered its revenue forecast for 2025 and core profit margins, citing U.S. trade policies that are protectionist and geopolitical tensions. In a recent statement, the luxury…

Thyssenkrupp shareholders to vote on spin-off defence

Posted to Maritime Reporter on August 8, 2025

Thyssenkrupp shareholders will vote on Friday on the planned spin-off its defence division, amid expectations that its value may increase due to a radical change in European defense spending. Thyssenkrupp’s TKMS Division, which manufactures…

Thyssenkrupp shareholders to vote on spin-off defence

Posted to Maritime Reporter on August 8, 2025

Thyssenkrupp shareholders will vote on Friday on the planned spin-off its defence division, amid expectations that its value may increase due to a radical change in European defence spending. NATO members in Europe are increasing their defense budgets as a response to Donald Trump's stance.

Source in the Indian government says that Nayara Energy is looking for ships to transport refined fuels from India.

Posted to Maritime Reporter on August 7, 2025

A government source revealed on Thursday that the private refiner Nayara Energy backed by Russia, which had been sanctioned last month by the European Union, was seeking help from India's Shipping Ministry to obtain vessels for the transportation of its refined fuels.

Days after Trump's move, Russian and Chinese navies have practiced destroying an 'enemy sub'

Posted to Maritime Reporter on August 6, 2025

Russian and Chinese navies practiced hunting down and destroying an opponent submarine in the Sea of Japan. This was announced by Russia's Defence Ministry on Wednesday. Days earlier, U.S. president Donald Trump had said that he moved two U.S. nuke subs closer towards Russia.

US Coast Guard: Titan submersible design was a major factor in its implosion

Posted to Maritime Reporter on August 5, 2025

The U.S. Coast Guard's investigative board found Tuesday that "inadequate" design of the Titan submersible played a major role in its 2023 implosion, which left five people dead. Titan, a British passenger ship that sank on the seabed in 1912 killing more than 1…

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