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SailGP Day One in Sydney: Australia's smooth start dominates

Posted to Maritime Reporter on February 8, 2025

Australia won two out of four races on Saturday, the first day of SailGP's third round. Skipper Tom Slingsby was a master of starting and gave the Australian team the victory. Three-time champions Australia, who won the series' second round in Auckland…

After mid-April, the recovery of Tycoon Lynch’s sunken yacht will begin off Sicily.

Posted to Maritime Reporter on February 5, 2025

Sources close to the situation said on Wednesday that the superyacht, which sank in Sicily last April and killed British tech tycoon Mike Lynch, as well as six other people, would be recovered after its mast was dismantled. The salvage operation is expected to start around the middle of the month.

Wartsila CEO: US energy transition to continue despite Trump

Posted to Maritime Reporter on February 5, 2025

The U.S. will continue to transition away from fossil fuels and towards renewable energy despite the tariffs imposed by President Donald Trump, according to the CEO of the power plant manufacturer Wartsila. The President has outlined a comprehensive plan to maximize oil production.

Hapag-Lloyd claims it can deal with U.S. - China tariffs

Posted to Maritime Reporter on February 5, 2025

Hapag-Lloyd, a container shipping liner, will be able cope with U.S. Tariffs on Chinese Products. This was the chief executive's message to reporters on Tuesday. Rolf Habben Jansen, CEO of Rolf Habben Jansen, said that it was too early to panic…

Fincantieri, Italy's cruise ship manufacturer, wins a $9 billion order from Norwegian Line.

Posted to Maritime Reporter on February 5, 2025

Norwegian Line Holdings and Italian shipbuilder Fincantieri announced on Wednesday that they had reached an agreement for four new cruise ships. A source familiar with the matter estimated that this deal was worth approximately 9 billion euros (9.34 billion dollars).

New Jersey won't be awarding new offshore wind contracts

Posted to Maritime Reporter on February 3, 2025

New Jersey's regulator of public utilities announced on Monday that it will not award new contracts for offshore wind, just days after Shell pulled out of the one project where a final bid had been submitted. Uncertainty regarding federal support of the industry.

Sources say that the daily Tengiz oil production in Kazakhstan reached a record high at the end of January.

Posted to Maritime Reporter on February 3, 2025

Two industry sources who are familiar with the calculations and data say that the daily output of Kazakhstan's biggest field, Tengiz has reached a new record high in late January. This is a 45% increase from the average for 2024. The Kazakh…

Sweden claims that a ship accidentally broke a Baltic Sea cable

Posted to Maritime Reporter on February 3, 2025

A Swedish prosecutor announced on Monday that the cargo ship Vezhen damaged a submarine cable connecting Sweden and Latvia in late August, but that it was not deliberate. The vessel, which is registered under the Maltese flag, had already been released.

Denmark will stop offshore wind tenders and revamp the subsidy model

Posted to Maritime Reporter on January 31, 2025

Denmark will stop all offshore wind tenders, as the current framework that does not offer subsidies is ineffective under the current market conditions. This was announced by its Energy Minister on Friday. Cost increases, interest rate hikes…

Sources say that traders offer Russian oil for March delivery to India at a lower discount.

Posted to Maritime Reporter on January 31, 2025

After a temporary delay caused by the recent U.S. trade sanctions, which have increased trading costs, Indian sources in the refining industry said that traders have now resumed their offers to Indian refiners of Russian crude cargoes. Washington…

Norway Police arrests ship on suspicion Baltic Sea cable damage

Posted to Maritime Reporter on January 31, 2025

Norwegian police announced on Friday that they arrested a Norwegian vessel with a Russian crew, on suspicion of causing damage to an optical cable in the Baltic Sea. Tromsoe police, in Tromsoe city, north of Norway said that the arrest was made at the request by Latvian authorities.

Morocco bans German feed grain imports due to foot-and-mouth Disease

Posted to Maritime Reporter on January 30, 2025

The head of Morocco’s grain trade federation, FNCL, announced on Thursday that the country has halted its imports of feed from Germany due to an outbreak of foot and mouth disease. Omar Yacoubi said that the import ban was imposed on "all non…

Financial Times - Jan 30

Posted to Maritime Reporter on January 30, 2025

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. -British car parts group Dowlais agrees $1.49 bln U.S. -Harland & Wolff’s new Spanish owner Navantia will invest…

RIA reports that the Russian nuclear icebreaker suffered damage to its hull lining in Arctic.

Posted to Maritime Reporter on January 28, 2025

The lining of a Russian nuclear-powered icebreaker was damaged while it freed a vessel trapped in Arctic waters. This was reported by the state news agency RIA on Tuesday. The vessel Fifty Years of Victory was said to be operating normally,…

Wall Street Journal, Jan 28,

Posted to Maritime Reporter on January 28, 2025

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. The cryptocurrency exchange KuCoin has pleaded guilty to allegations that it was operating as a money-transmitting company without a license in the U.S.

Moldovan PM: EU has provided 30 million Euros for Transdniestria gas supply

Posted to Maritime Reporter on January 27, 2025

Moldovan Prime Minster Dorin Recean announced on Monday that the European Union would provide 30 million euro ($31.5million) for the purchase and transportation of natural gas into Transdniestria - the region which has broken away from Moldova.

Russia's Ryzan oil refinery stops operations after drone strikes, sources state

Posted to Maritime Reporter on January 27, 2025

late last week, two market sources informed Reuters on Monday. They said oil storage at the refinery had actually been set ablaze. Among damaged equipment were a railway loading rack and a. hydrotreater unit utilized to get rid of impurities from improved. products.

Storms in western France cause British sailors to be lost at sea

Posted to Maritime Reporter on January 27, 2025

French maritime authorities reported that a British sailor lost at sea was discovered after his yacht was wrecked near the southwest French coastline amid heavy storms on the weekend. Storm Herminia ravaged western France at the time of the search.

Two children die in Mediterranean shipwreck, 17 rescued, NGO says

Posted to Maritime Reporter on January 26, 2025

The German NGO Sea Punks reported on Sunday that 17 migrants were rescued from a shipwreck off the coast of the Mediterranean while two children perished. Sea Punks released a press release stating that the rescue occurred in the early morning…

Rolls-Royce wins $11 billion UK nuclear submarine contract

Posted to Maritime Reporter on January 23, 2025

The UK announced on Friday that it had awarded Rolls-Royce an 11 billion dollar contract for the design, manufacture and support of nuclear reactors powering its submarine fleet. The eight-year agreement will reinforce the Royal Navy’s continuous at sea deterrent…

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