Posted to Maritime Reporter
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April 25, 2025
The World Bank steering committee endorsed on Friday the lender's plans for exploring options to expand access to energy, including possible financing for nuclear power. This is in line with U.S. President Donald Trump’s directives to increase energy financing.
Posted to Maritime Reporter
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April 25, 2025
The mining and transport conglomerate Grupo Mexico announced a 17% increase in its first-quarter profit on Friday. This was primarily due to higher metal prices. The miner's net profit jumped to $1.09bn, far exceeding the $816m estimate of analysts polled at LSEG.
Posted to Maritime Reporter
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April 25, 2025
The Dutch prosecutor said that they summoned Damen Shipyards, a shipbuilder in the Netherlands, on suspicion of violating EU Sanctions against Russia. They also opened a separate corruption case against Damen Shipyards and its top executives. The company denied the accusations.
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April 25, 2025
European traders reported on Friday that a state grain buyer in Syria still considers price offers for an international tender to purchase about 100,000 metric tonnes of soft milling Wheat which closed this past week without any purchase being made.
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April 25, 2025
According to a congressional aide and a document, Republicans in the U.S. Congress are planning to introduce a sweeping 150 billion dollar defense package. This will provide an initial boost of $27 billion to President Donald Trump’s controversial Golden Dome shield missile defense system.
Posted to Maritime Reporter
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April 24, 2025
Seoul's trade delegation announced after the first round in Washington that the United States and South Korea had agreed to create a package of trade measures aimed at removing any new U.S. duties before the reciprocal tariff pause is lifted in the month of July. Scott Bessent, U.S.
Posted to Maritime Reporter
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April 24, 2025
Seoul's trade delegation announced that the United States and South Korea had agreed to develop a package of agreements aimed at removing any new U.S. duties before the reciprocal tariff pause is lifted in July. Scott Bessent, U.S. Treasury secretary…
Posted to Maritime Reporter
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April 24, 2025
The state-owned oil company of Colombia announced on Thursday that Shell had pulled out from three joint offshore projects in the Caribbean. Ecopetrol stated in a press release that the two companies were working together to ensure the continuity…
Posted to Maritime Reporter
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April 24, 2025
Treasury Secretary Scott Bessent described the U.S.-South Korea meeting as "very successful", after the two countries began trade negotiations with Seoul, which was seeking to reduce the tariffs that President Donald Trump wants to impose. Bessent…
Posted to Maritime Reporter
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April 24, 2025
Canada's Francois-Philippe Champagne, Canada's Minister of Finance, said that the Group of Seven Industrial Democracies continues to be united. However tensions remain amongst them over the tariffs imposed by the U.S. Champagne said at a briefing…
Posted to Maritime Reporter
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April 24, 2025
Canada's Francois-Philippe champagne, Canada’s Finance Minister said Thursday that the Group of Seven biggest economies remain united but there are tensions between them over the tariffs imposed by the United States. Champagne said at a briefing…
Posted to Maritime Reporter
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April 24, 2025
China's Military said Thursday it had sent naval and air force to monitor and warn an U.S. guided-missile destroyer which sailed along the Taiwan Strait. About once a week, the U.S. Navy transits the Strait, sometimes accompanied by ships of allied nations.
Posted to Maritime Reporter
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April 24, 2025
The Crimean Peninsula, which Russia took from Ukraine in 2014., is the focal point of the most serious East-West standoff that has occurred since the Cold War. This issue led to a clash between U.S. president Donald Trump and President Volodymyr Zelenskiy on Tuesday.
Posted to Maritime Reporter
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April 24, 2025
On Thursday, a South Korean delegation is expected to meet with U.S. counterparts for an initial round of trade negotiations. The agenda will likely include cooperation in shipbuilding, energy, and perhaps shared defence costs as Seoul seeks to lower tariffs. South Korea, facing 25% reciprocal U.S.
Posted to Maritime Reporter
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April 23, 2025
Singapore's Keppel Ltd announced on Thursday that its net profit for the first quarter, excluding legacy assets in offshore and maritime (O&M), increased by 25%. This was due to a strong performance from its infrastructure segment, and a stronger performance in asset-management.
Posted to Maritime Reporter
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April 23, 2025
Matosinhos Porto, a Portuguese sailing town, has secured a spot on The Ocean Race Europe's route. The event will feature flying boats, double-points and a 3-hour pit-stop. Ocean health activism will be featured alongside the sporting success.
Posted to Maritime Reporter
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April 23, 2025
GE Vernova's first-quarter revenue beat analyst estimates due to strength in the power and electrification divisions. The company's stock rose nearly 9% Wednesday. The results are coming at a moment when the power sector is bracing itself for the impact of Trump's policies…
Posted to Maritime Reporter
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April 23, 2025
The Energy Information Administration reported on Wednesday that U.S. crude stockpiles unexpectedly rose last week, as imports increased, and gasoline and distillate stocks fell more than expected. The EIA reported that crude inventories increased by 244…
Posted to Maritime Reporter
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April 22, 2025
It's easy to miss the recent shift in the global wheat market narrative. The world's exportable wheat supply is not expected to drop to a multi-year low in 2024-25, as was predicted by recent trends. The relief may only be temporary. The upcoming harvests of wheat in Russia and Ukraine…
Posted to Maritime Reporter
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April 22, 2025
People close to the situation said that the mast of the superyacht, which sank in Sicily last summer, killing British tech titan Mike Lynch along with six other people, would be dismantled next month. The British-flagged Bayesian was found lying…
