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Greek Coast Guard finds 39 migrants and two bodies on tiny island

Posted to Maritime Reporter on April 14, 2025

The Greek Coast Guard said that it found two women's bodies and 39 other migrants in the Aegean sea on the small island of Farmakonisi on Monday and was conducting an investigation to determine the cause of death. They said that the circumstances surrounding the death were not clear.

Chevron's Venezuelan crude oil cargoes are stuck at sea following export cancellations

Posted to Maritime Reporter on April 11, 2025

Two sources familiar with the situation said that at least two vessels chartered by Chevron to transport Venezuelan crude are stranded in Venezuelan waters because the state oil company PDVSA canceled their export authorizations following the U.S.

Burling, America's Cup winning skipper, leaves Team New Zealand

Posted to Maritime Reporter on April 10, 2025

Peter Burling, three-time America's Cup winner and skipper of Team New Zealand, has parted ways with the team after they failed to reach an agreement ahead of the 38th regatta. Team NZ's management said it and Burling were in talks since their…

Ireland continues to bid for offshore wind projects despite the industry turmoil

Posted to Maritime Reporter on April 10, 2025

Ireland will hold at least three additional offshore wind auctions before the end of the decade, said its marine minister on Thursday. He added that the country was unlikely to meet its goal of 80% electricity generation by renewable sources by 2030.

VW's quarterly results fall due to US tariffs, EU Carbon Rules, and restructuring

Posted to Maritime Reporter on April 9, 2025

Volkswagen has said that uncertainty over tariffs imposed by President Donald Trump in the United States was one of the reasons for its operating results falling to 2.8 billion euro ($3.07 billion), from 4.6 billion dollars, last year. The results…

INEOS withdraws America's Cup Challenge

Posted to Maritime Reporter on April 9, 2025

INEOS Britannia, the team backed up by INEOS Chief Jim Ratcliffe, announced on Wednesday that it had withdrawn from the race for the America's Cup due to a failure to reach a deal with Athena Racing of former skipper Ben Ainslie. INEOS announced…

EU tariffs will curb US corn imports; soy is less at risk now

Posted to Maritime Reporter on April 9, 2025

The European Union's counter-tariffs against U.S. products, which will be implemented next week, are expected to stop a large amount of U.S. grain from reaching Europe and increase costs for buyers who want to find alternative sources of feed grain.

US bill creates fund for oil sanctions against Russia's ghost Fleet

Posted to Maritime Reporter on April 9, 2025

Two U.S. Senators, both from the Democratic and Republican parties, introduced legislation on Wednesday that establishes a Fund to enforce sanctions against Russia's so-called "ghost fleet" of oil tankers it relies on in order to avoid Western sanctions due to its war with Ukraine.

Sources: India approves the purchase of 26 Rafale jets from France for its navy

Posted to Maritime Reporter on April 9, 2025

Two people familiar with the decision confirmed it on Wednesday. The purchase is a deterrent to rival China's growing naval presence in Indian Ocean. The people, who requested anonymity because they were not authorized to speak to media, said…

EU Border Agency reviews 12 potential cases of rights violations by Greece

Posted to Maritime Reporter on April 8, 2025

The EU border agency announced on Tuesday that it was reviewing twelve cases of possible human rights violations committed by Greece. This included some allegations that migrants were pushed across the border, a practice which Athens had already been criticised for in European court.

Sources say that Black Sea CPC blend oil exports for April were revised down to 1.6 millions bpd.

Posted to Maritime Reporter on April 7, 2025

Two sources reported on Monday that the Black Sea CPC blend oil exports were reduced to 1.6 millions barrels per day (or 6.2 million tons) from 1.7million bpd as outlined in the preliminary plan. Caspian Pipeline Consortium exports Kazakhstan's and Russia's crude oil via the Black Sea.

Ukraine reports three injured in the overnight Russian attack on Mykolaiv

Posted to Maritime Reporter on April 6, 2025

Ukraine's officials reported that three women were injured, and several fires started in the aftermath of a Russian air strike on Mykolaiv, a region located in southern Ukraine. Vitaly Kim, the governor of Mykolaiv, posted on Telegram that the attack…

A migrant boat that sank off the Greek island of Lesbos has claimed at least seven lives

Posted to Maritime Reporter on April 3, 2025

The Greek coastguard reported that at least seven migrants, including a boy, a girl, and two women died when their boat capsized on Thursday, off the Greek island Lesbos. A patrolling coastguard vessel detected the boat at around 2 am (2300 GMT), north of Lesbos.

Volkswagen to charge 'import fees' on cars affected by tariffs, WSJ reports

Posted to Maritime Reporter on April 2, 2025

The Wall Street Journal reported that Volkswagen would introduce an "import charge" on affected vehicles by the 25% tariffs levied by U.S. president Donald Trump. Reports citing an internal memo sent to retailers said that the German automaker had temporarily stopped rail shipments from Mexico…

Kremlin: Dmitriev, Putin's investment representative, may visit Washington

Posted to Maritime Reporter on April 2, 2025

The Kremlin confirmed on Wednesday that a visit by Kirill Dmitriev - the investment envoy of Russian President Vladimir Putin - to the United States to meet with Donald Trump's officials is possible. However, it declined to provide any additional details.

Maersk Shipping expects US growth to continue but warns about rising uncertainty

Posted to Maritime Reporter on April 2, 2025

Maersk, the Danish shipping company, has seen a strong demand from the United States this year. It expects it to continue. However, President Donald Trump's proposed tariffs could cloud its outlook. Maersk published its regular global market forecast before Trump…

German wind farms are asked to install radar due to security concerns

Posted to Maritime Reporter on April 2, 2025

The Federal Maritime Authority announced on Wednesday that wind farms near the German coast in northern Germany have been requested to install radar equipment to improve surveillance of drones and ships. The Russian invasion of Ukraine, which…

Euronext is cautious about new contracts but proud of its core agricultural contracts

Posted to Maritime Reporter on April 1, 2025

Euronext wants to continue building on the record-breaking volumes of its main crop futures last year by attracting non-European participants like wheat importers from the Middle East. In an interview, Camille Beudin of Euronext, the head of diversified service and in charge of commodities…

Holders New Zealand cancel plans to host the next America's Cup

Posted to Maritime Reporter on March 31, 2025

New Zealand, the three-time defending champions of the America's Cup will not be seeking to host the next edition. An Emirates Team New Zealand announcement on Monday cited a lack economic support from government. New Zealand won the 37th America's Cup last October in Barcelona…

Caspian Pipeline Consortium suspends operations at 2 of 3 mooring points in its sea terminal

Posted to Maritime Reporter on March 31, 2025

The Caspian Pipeline Consortium, which exports Kazakhstan and Russia's crude oil via the Black Sea to Europe, announced Monday that two of the terminal's three moorings points had been halted. CPC, which transports about 1% world oil and is a major route for Kazakhstan oil exports…

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