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EU wheat prices pause after a 6-day rally due to the Black Sea crisis and weak euro

Posted to Maritime Reporter on November 22, 2024

The price of European wheat fell on Friday, after six sessions of gains. This was due to the improved prospects of the Australian harvest. However, the sharp drop in the euro and the intensification of the conflict in Ukraine continued to support the market.

Turkey is selling and exporting 150,000 T of feed barley to traders, they say

Posted to Maritime Reporter on November 22, 2024

European traders reported on Friday that the Turkish state grain board TMO had issued an international tender for the sale and export of approximately 150,000 metric tonnes of animal feed barley. The deadline to submit price proposals in the tender is November 28. Between Dec. 18, 2020, and Jan.

Rolex increases SailGP support as crews head to Dubai for the new season

Posted to Maritime Reporter on November 21, 2024

SailGP's fifth season will begin in Dubai at the weekend, with Rolex as the title sponsor. This partnership has been in place since the creation of the league. Rolex has been involved with sailing for almost 70 years and will become the title…

Euronext Wheat extends rally, with Black Sea as focus

Posted to Maritime Reporter on November 21, 2024

The benchmark European wheat price rose for the fifth session in a row on Thursday, reaching a record high of three weeks. This was due to the fall of the euro against the dollar as well as a Russian missile attack against Ukraine that kept…

Spithill makes his debut with the Red Bull Italy SailGP Team in Dubai

Posted to Maritime Reporter on November 21, 2024

Red Bull Italy SailGP Team, the 12th and last entry in the SailGP 2025 season, was unveiled on Thursday. The team, led by Jimmy Spithill will debut at this weekend's Emirates Dubai Sail Grand Prix. Italian driver Ruggero TITA and strategist Giulia FAVA are both double Olympic medalists.

Black Sea concerns persist as EU wheat prices rise with Chicago

Posted to Maritime Reporter on November 20, 2024

The European wheat futures closed higher on Wednesday as a result of a turnaround in Chicago. News that Ukraine fired more Western missiles at Russia sparked fears about a war escalate. Euronext was also boosted by the fall of the euro in relation to the dollar.

UK scraps Royal Navy Ships, retires Helicopters to Save $633 Mln

Posted to Maritime Reporter on November 20, 2024

British Defence Minister John Healey announced on Wednesday that he will free up $500 million ($633million) over the next five years for military budgets by scrapping several Royal Navy ships, a drone system, and retiring a few helicopters.

Richomme breaks a week-old record by solo sailing more than 550 nautical mile in 24 hours

Posted to Maritime Reporter on November 20, 2024

French sailor Yoann richomme broke the record of the longest distance covered by a monohull in 24 hours. He clocked 1,021.7 km (551.84 nautical miles) during the Vendee Globe race, a solo non-stop around-the-world race. Nicolas Lunven set the record of 546.64 nautical mile a week before Richomme…

Poland is planning to designate new offshore wind areas, an official has said

Posted to Maritime Reporter on November 20, 2024

Poland plans to allocate new areas for offshore turbine farms in the Baltic Sea. This was announced by its deputy minister of infrastructure on Wednesday. Poland has boosted its ambitions for offshore wind farms on the Baltic Sea even though…

Trinidad signss production sharing agreement for offshore gas block with BP

Posted to Maritime Reporter on November 19, 2024

The energy ministry announced that Trinidad and Tobago signed a production-sharing agreement on Tuesday with a British oil and gas company BP unit for the exploration and production of natural gas in a shallow water area. The agreement comes…

Louis Dreyfus opens new sugar transshipment facility in Brazil

Posted to Maritime Reporter on November 19, 2024

The agricultural firm Louis Dreyfus announced on Tuesday the construction of a new transshipment sugar terminal in Brazil's Sao Paulo State, which is expected to be finished by mid-2025. Executives from the company claim that the new terminal…

The Russian-installed Governor vows revenge on the naval captain who was killed in a Ukrainian attack

Posted to Maritime Reporter on November 18, 2024

On Monday, a Russian-installed Crimean governor vowed revenge against "terrorists", who had killed a Russian navy captain of high rank in an attack claimed by Ukrainian security forces last week. Valery Trankovsky was the chief of staff for the 41st brigade…

UK maritime agency reports that a vessel off the coast of Yemen reported a missile hitting nearby sea.

Posted to Maritime Reporter on November 18, 2024

The United Kingdom Maritime Trade Operations said that a vessel located 60 nautical miles south of Yemen's Aden reported a missile splashing in the water within its proximity on Monday. UKMTO said that both the vessel and crew were in safety.

After suspension of traffic due to vessel rudder malfunction, Bosphorus traffic will resume in Turkey

Posted to Maritime Reporter on November 17, 2024

The Transportation Ministry reported that the Nazann tanker with a length of 114 metres had a rudder problem. This caused the suspension of both directions in the Bosphorus Strait in Istanbul. The coast guard sent tugboats to the strait after the vessel had mechanical issues.

Sorel is first victim of Vendee

Posted to Maritime Reporter on November 15, 2024

Maxime Sorel, a sailor from France, retired on Friday after five days in the non-stop, solo race around the world. The Frenchman was battling an enlarged ankle from the second day. He sustained this injury while trying to fix a broken hook or damaged mainsail tracks.

DFDS has agreed to purchase transport network from Turkey’s Ekol

Posted to Maritime Reporter on November 15, 2024

Danish logistics and shipping firm DFDS announced on Friday that it has agreed to purchase the international transport network of Turkey's Ekol Logistics, overturning a two-week-old decision to cancel the deal. DFDS stated that the acquisition was finalized after renegotiating some terms.

Hapag-Lloyd CEO says Trump's election win is a mixed bag for shipping

Posted to Maritime Reporter on November 14, 2024

Hapag-Lloyd's CEO said that Donald Trump's election as U.S. president sends mixed signals to global shipping. Positive macroeconomic effects could be offset by damaging tariffs. When asked about the prospects of a Trump Administration, CEO Rolf Habben Jansen said…

Russian rescuers bring a killer whale back to the sea

Posted to Maritime Reporter on November 14, 2024

The Russian emergency situation ministry announced that on Thursday, Russian rescuers brought back a young female killer whaling to the Sea of Okhotsk after it washed up in the Far East. The ministry released a video showing a killer whale stranded on sand that was covered in snow.

As Russian trade spreads, EU wheat exports move westwards

Posted to Maritime Reporter on November 13, 2024

Traders said that the European Union is increasingly focusing its wheat exports on the west side of Africa, after Russia dominated major markets in North Africa and Middle East. EU shipments of soft wheat or common wheat are 30 percent below their previous year's level.

EU Wheat Prices Fall as Black Sea Competition Limits Exports

Posted to Maritime Reporter on November 13, 2024

The European wheat price fell on Wednesday as a result of the continued competition between Russia and Ukraine. Benchmark December milling grain on Paris' Euronext dropped by 1.5% at 1613 GMT to 211.00 Euros, also being dragged lower by a fall in Chicago wheat futures.

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