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Maritime Blogs

First America's Cup women's aims to bridge the experience gap

Posted to Maritime Reporter on October 5, 2024

The 12 women who will be sailing the AC75s this weekend in the first Women's America's Cup have never sailed the AC75s that their male counterparts use. They aim to change that by the time of the next America's Cup by showing off their racing…

Ainslie's brutality ends 60-year British wait for America's Cup

Posted to Maritime Reporter on October 4, 2024

Ben Ainslie, of Britain, has finally achieved his goal of competing for the America's Cup. The America's Cup is the oldest trophy of international sport. The 47-year old Briton, who is the most successful Olympic sailing sailor in history, has been aiming for the "Auld Mug"…

EU wheat drops further from its highs as Black Sea jitters lessen

Posted to Maritime Reporter on October 4, 2024

Euronext wheat fell for a second consecutive day on Friday. It was further down from its three-month highs, as traders took profits and concerns about tight Black Sea supplies subsided. December wheat traded on Paris' Euronext closed 1.5% lower at 228.75 euro ($250.53) per metric ton.

EU wheat drops further from its highs as Black Sea jitters lessen

Posted to Maritime Reporter on October 4, 2024

Euronext wheat fell for a second consecutive day on Friday. It was further down from its three-month highs, as traders took profits and concerns about tightening Black Sea supply subsided. The December wheat price on Paris' Euronext fell 2.2% to 227.25 Euros ($249.16)…

With a win over Italy, Sailing-Britain reaches the first America's Cup Final in 60 years.

Posted to Maritime Reporter on October 4, 2024

Britain won their first America's Cup Final in 60 years, beating Italy on Friday. They will now face New Zealand off Barcelona later this month. Eight sailors aboard the British AC75 foiling boats celebrated loudly after crossing the finish line to win the Louis Vuitton Cup Series over Italy…

Egypt's GASC says it will disclose any direct wheat deals when asked about a reported deal.

Posted to Maritime Reporter on October 4, 2024

In response to an earlier report this week regarding a direct contract for monthly wheat supplies, Egypt's state grain buyer stated on Friday that it is fully committed to disclosing all deals or tenders completed by the authority. The General…

Jordanian traders claim that the country will buy up to 120,00 metric tons of feed barley.

Posted to Maritime Reporter on October 4, 2024

European traders reported on Friday 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 proposals in the tender is October 9. Jordan's failure to purchase 120…

Shipping stocks slide after US port strike ends

Posted to Maritime Reporter on October 3, 2024

Shipping shares fell across Asia Friday, after U.S. port operators and workers reached an agreement to end the strike at docks on the East Coast and Gulf Coast much sooner than expected. Evergreen Marine, Wan Hai Lines, and Yang Ming Marine…

Euronext wheat eases off after rally, Black Sea news assess

Posted to Maritime Reporter on October 3, 2024

The price of European wheat fell on Thursday, after reaching a record high in three months this week. Traders analyzed a series of reports that cast doubts over Black Sea export supplies. The December wheat price on Paris' Euronext closed 0.6% lower…

America's Cup eSeries sailors get to race on the water

Posted to Maritime Reporter on October 3, 2024

This week, the winner and runner up of the America's Cup E-Series had the chance to test their sailing skills on an actual AC40. New Zealanders Liam Dimock (14), who won the America's Cup virtual series with the nickname "eSailingCentral", and Robbie Wooldridge (19)…

Debutant Fletcher flies high in Britain's America Cup race

Posted to Maritime Reporter on October 3, 2024

Dylan Fletcher has become accustomed to winning with the smallest margins. The sailor, who won Britain's Olympic gold medal in the men's skiff by a few centimetres at the 2021 Medal Race is now within one point of clinching the first America's Cup tilt for his country in 60 years.

A boat crash on Congo's Lake Kivu has resulted in the recovery of 23 bodies.

Posted to Maritime Reporter on October 3, 2024

On Thursday, Colonel Molatelo Motau of SADC's mission in Democratic Republic of Congo announced that 40 people were rescued and 23 bodies recovered following a boating accident on Lake Kivu. Video seen by showed the boat tipping sideways and then capsizing in calm water.

No alternative routes for Spanish olive oil after US port strike

Posted to Maritime Reporter on October 3, 2024

In the wake of a recent strike in U.S. East Coast and Gulf Coast ports, olive oil exporters from Spain, the largest producer in the world, warned that there were no viable alternatives to reach the lucrative U.S. market. Asoliva, the Spanish association of olive oil producers and exporters…

In September, ARA's gasoline exports to West Africa reached a multi-year low.

Posted to Maritime Reporter on October 3, 2024

The Belgian law that restricts the export of low-quality fuels, and financial constraints on the part of Nigerian importers are making it difficult for buyers in Northwest Europe to sell gasoline to West Africa. They will have to look at other…

Planning ministry says that Egypt's GDP will slow to 2.4% in 2023/24.

Posted to Maritime Reporter on October 3, 2024

The Planning Ministry announced on Thursday that Egypt's GDP grew by 2.4% during the fourth quarter 2023/24, bringing its annual growth to 2.4%. This is down from the 3.8% growth rate a year ago. The Planning Ministry attributed this slowdown to geopolitical tensions…

Kazakhstan wants clarification from Russia on grain transit stop

Posted to Maritime Reporter on October 3, 2024

Kazakh officials announced on Thursday that Kazakhstan had halted its grain exports to Russia. They also said they asked Moscow to prove the claims of having violated plant health rules, which Moscow cited as the reason for a ban on imports and transits of Kazakh grain.

Officials say that at least 60 people have died in a boating accident in Nigeria.

Posted to Maritime Reporter on October 3, 2024

A local official reported that at least 60 people died after a boat capsized in northern Niger State, Nigeria. The boat was carrying mostly women and young children who were returning from a religious celebration. Jibril Abdullahi Muregi said…

GRAINS-Wheat does not panic as supply concerns over the Black Sea loom.

Posted to Maritime Reporter on October 3, 2024

Chicago wheat futures slowed down in the early hours of trading on Thursday after reaching 3-1/2-month highs, as supply concerns were sparked by a drought in Russia's top producer and a drone strike on a Ukrainian port. Corn futures were close to their three-month high…

Sources: Egypt's GASC has agreed to a large direct wheat contract

Posted to Maritime Reporter on October 2, 2024

Two sources who have direct knowledge of this matter said that Egypt's state grain buyer had agreed to one of its largest direct wheat contracts for monthly supplies between November and April. One source said that the wheat would be delivered to the General Authority for Supply Commodities…

America's Cup Challenger Series on the Verge of a Breakthrough after British Sailing Doubles Over Italy

Posted to Maritime Reporter on October 2, 2024

Britain put pressure on Italy to challenge for the America's Cup by winning two close races in "knife-edge" sea conditions on Wednesday. The British team was just one point away from winning the Louis Vuitton Cup first-to-7 series. Both AC75…