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May 7, 2025
EU sources confirmed on Wednesday that the European Commission had proposed adding 15 new entities and persons to its sanctions framework, including individuals suspected of using chemical weaponry in Ukraine as well as Russian hybrid threats.
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May 7, 2025
In the next few weeks, the recovery of British tech-tycoon Mike Lynch’s superyacht will begin. This will shed some light on the mystery of how an allegedly unsinkable vessel ended up in the sea back in August. In just 16 minutes, the Bayesian capsized from the stern and sank…
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May 7, 2025
Israel Aerospace Industries, a state-run company, announced on Wednesday that it had signed a contract to sell the BlueWhale system of autonomous submarines to the Greek Navy. IAI did not disclose financial details. BlueWhale is a large uncrewed…
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May 7, 2025
Orsted, a renewable energy company, reported on Wednesday a profit operating above expectations for the first quarter. However, it said that the offshore wind industry is still facing challenges. Orsted's value has fallen by 80% since its peak in 2021…
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May 6, 2025
Magda Chambriard, CEO of Brazil's state-run oil company Petrobras, stated on Tuesday that the firm is seeking foreign investment to boost its local shipyards. Chambriard, a recent visit to China, has said that Petrobras wants to work with strong shipyards in order to build more ships in China.
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May 6, 2025
On Tuesday, President Donald Trump said that the U.S. would stop bombing Houthis in Yemen because the Iran-aligned groups had agreed to cease interrupting important Middle East shipping lanes. In order to stop the attacks on Red Sea shipping, the U.S.
Posted to Maritime Reporter
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May 6, 2025
Malta's government announced on Tuesday that it will carry out repairs on an aid ship in international waters after the vessel was reportedly attacked by two drones on Friday morning. The Freedom Flotilla Coalition is an international NGO that operates the "Conscience".
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May 6, 2025
Calculations based on LSEG's data show that since April 3, the price of Urals oil in Russian ports along the Black Sea and Baltic Sea has been below the cap set by Western nations. The Group of Seven (G7) countries have introduced a price cap…
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May 6, 2025
John Keefer, representing Baylor, finished 11th at the NCAA Championship in late May 2024. This was a great way to cap off a five-year campaign. The Korn Ferry Tour player has only played 17 rounds at 64 or higher in sanctioned PGA Tour play since then.
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May 5, 2025
U.S. authorities said that at least three people, including two children were dead and nine others missing after a small vessel capsized on rough seas north of San Diego in what appeared to be a migrant smuggling effort. The U.S. Coast Guard…
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May 5, 2025
Israel said that it conducted airstrikes on Yemen's Hodeidah Port Monday, one day after Iran-aligned Houthis launched a missile near Israel's primary airport. In a press release, the military claimed that it had attacked targets it considered terrorists in Hodeidah.
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May 5, 2025
Authorities told NBC News, among other media outlets, that at least three people died after a small vessel capsized in the Pacific Ocean, north of San Diego. The U.S. Coast Guard also said they were searching for nine people who had gone missing.
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May 5, 2025
Euronext wheat contracts fell to new lows on Sunday as rain forecasts in the Black Sea region export region appeared to be increasing supplies among rival exporters, while the export-punishing strength of euro added doubts about demand for Western European Wheat.
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May 5, 2025
Euronext wheat contracts fell to new lows on Sunday as rain forecasts in the Black Sea region export region appeared to be increasing supplies among rival exporters, while an export-punishing strength of the euro added doubts about demand for Western European Wheat.
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May 5, 2025
Long Beach will be the host city for 11 events at the Los Angeles Olympics of 2028. Long Beach is a vibrant coastal town in southeast Los Angeles County, with a rich sporting and cultural heritage. Los Angeles Mayor Rex Richardson says the city…
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May 5, 2025
Chicago soybean futures declined on Monday, as traders awaited news on potential U.S. China trade talks in the face of increasing competition from Brazil. Wheat and corn fell, as traders awaited positive news about the state of U.S. crops. Chicago…
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May 5, 2025
The Philippines deployed a coastguard vessel and an airplane to confront and escort the Chinese research ship that it claimed was engaged in illegal marine scientific research within its exclusive economic zone. PCG released a statement Monday…
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May 5, 2025
CNBC, citing anonymous sources, reported that the board of Berkshire Hathaway unanimously voted to make Greg Abel its president and CEO beginning next year. This move marks the official start of the transition process that will see Warren Buffett…
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May 5, 2025
Hanwha Ocean, a South Korean shipbuilder, hopes to increase its revenue from overseas naval vessels to 4 trillion won (2.91 billion dollars) by 2030. It also hopes to receive more repair orders from U.S. Navy. After President Donald Trump's executive order to restore U.S.
Posted to Maritime Reporter
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May 5, 2025
Major Feedmill Group of South Korea (MFG) bought between 65,000 and 70,000 metric tonnes of animal feed corn late last week in a private transaction without issuing a tender to the international market, European traders reported on Monday. The estimated cost per ton was $248.40, including freight.
