Posted to Maritime Reporter
on
October 18, 2024
Kbank, an online South Korean lender, announced Friday that it had withdrawn its plan to make a public offering. The company cited insufficient demand and thus scuttled what would have been the largest offering of the year in South Korea. Kbank…
Posted to Maritime Reporter
on
October 17, 2024
The National Oceanic and Atmospheric Administration said that a developing La Nina will bring warmer and drier weather than normal to the southern and central U.S. Plains in this winter. This is likely to worsen the drought in the top winter wheat producing area of the United States…
Posted to Maritime Reporter
on
October 17, 2024
This week, the National Oceanic and Atmospheric Administration told the media that the mass bleaching of reefs has been occurring around the globe since February 2023. It is the largest amount ever recorded. Satellite data shows that 77% of coral reefs around the world - in the Atlantic…
Posted to Maritime Reporter
on
October 17, 2024
In the middle of the America's Cup armada, a half dozen futuristic-looking craft are quietly zipping above the waves. The sleek foiling machine, designed by New Zealand's America's Cup Team, looks more like a large sports car than a boat. It…
Posted to Maritime Reporter
on
October 17, 2024
LSEG data and traders' reports on Thursday showed that China and Saudi Arabia were top destinations for Russian seaborne VGO and fuel oil exports. According to calculations based upon LSEG data, the total fuel oil and VGO exported from Russian ports rose 2% in August to 4.2 million metric tonnes.
Posted to Maritime Reporter
on
October 17, 2024
Unmanned flying objects were brought down by a German warship that was part of UNIFIL's peacekeeping mission in Lebanon, according to a German Defence Ministry spokesperson. The spokesperson reported that the corvette had brought an unidentified…
Posted to Maritime Reporter
on
October 17, 2024
Even British skipper Ben Ainslie found time to build a Lego model of New Zealand's AC75 with his son. New Zealand is the current holder of the America's Cup. A British team, led by Ainslie has set out to challenge New Zealand for the "Auld Mug".
Posted to Maritime Reporter
on
October 17, 2024
European traders reported on Thursday that Jordan's state grain buyer had issued an international tender for the purchase of up to 120,000 tons of animal feed barley. The deadline to submit price offers for the tender is October 23. Jordan's failure to purchase 120…
Posted to Maritime Reporter
on
October 17, 2024
The youngest person to ever scale the 14 tallest mountains in the world, a Nepali teenager wants to use his talents to help the Sherpa people of Himalayan country and produce world-class athletes. Sherpas are an ethnic group that lives mainly around Mount Everest.
Posted to Maritime Reporter
on
October 17, 2024
According to European traders, the Korea Feed Association in South Korea bought about 65,000 metric tonnes of animal feed corn in a private transaction on Wednesday. The corn was expected to come from either South America or the United States.
Posted to Maritime Reporter
on
October 16, 2024
China's coastguard said that a Japanese fishing boat "illegally" entered China's territorial water around Diaoyu Islands between Oct. 15-16, and was advised to leave. In a recent statement, a Coast Guard spokesperson stated that "we urge the…
Posted to Maritime Reporter
on
October 16, 2024
Britain defeated New Zealand in a head-tohead America's Cup Final on Wednesday. The result reduced the holders' advantage to 4-2. The British crew, led by Ben Ainslie, outmanoeuvred Peter Burling's New Zealand crew in the last moments of the…
Posted to Maritime Reporter
on
October 16, 2024
The America's Cup Final saw Britain earn its first point for the series by winning the race against New Zealand on Wednesday. New Zealand, the current holders, now leads 4-1. A second race is scheduled to take place later on Wednesday in the Mediterranean near Barcelona.
Posted to Maritime Reporter
on
October 16, 2024
QatarEnergy lowered the term price of al-Shaheen loading crude oil in December, according to trade sources on Wednesday. The company was following spot market prices this month. They said that the December term price had been set at $1.93 per barrel, according to Dubai quotes.
Posted to Maritime Reporter
on
October 16, 2024
The Greek coastguard announced late Tuesday that it had recovered the bodies and rescued 27 migrants after their boat capsized off the island Kos, in the southeast Aegean sea. It added that three coastguard vessels and a commercial vessel searched for additional people in the region.
Posted to Maritime Reporter
on
October 16, 2024
The No. 25 Navy is back in the AP rankings for the first time since 2019. Blake Horvath, the quarterback of the Midshipmen who have suffered four consecutive losing seasons, is the most important player in this rise. Navy (5-0,3-0 American Athletic Conference)…
Posted to Maritime Reporter
on
October 15, 2024
Australia announced on Wednesday that it will invest billions of dollar over the next 20 years to expand a Western Australia shipyard, which would be the maintenance hub for the nuclear-powered AUKUS sub fleet. Defence Minister Richard Marles…
Posted to Maritime Reporter
on
October 15, 2024
An exchange filing on Tuesday revealed that the Indian government would sell a stake in Cochin Shipyard of approximately 5%. The filing revealed that the floor price of the sale was 1,540 rupees. This represents an 8% discount from the Tuesday closing price.
Posted to Maritime Reporter
on
October 15, 2024
A cabinet undersecretary revealed on Tuesday that Alphabet's Google was in discussions with the Italian government about plans to establish base stations in Sicily in order to develop infrastructure for an underwater fiber optic cable system across the Mediterranean.
Posted to Maritime Reporter
on
October 15, 2024
The Russian authorities announced on Tuesday that they had rescued the man, whose boat drifted in the waters of the northwest Pacific for 67 consecutive days. However, his brother and nephew perished during the ordeal. Images on social media…