Finland Detains Vessel Suspected of Subsea Cable Damage
Finnish police on Wednesday seized a ship sailing from Russia on suspicion of sabotaging an undersea telecoms cable running from Helsinki to Estonia across the Gulf of Finland, an area hit by a string of similar incidents in recent years.The seized cargo vessel "Fitburg" was en route from the Russian port of St Petersburg to Israel at the time of the incident, Finland's Border Guard authority told…
Taiwan on Alert As China Withdraws Ships from Military Drill
Taiwan remained on high alert on Wednesday after China staged massive military drills around the island the previous day, keeping its emergency maritime response centre running as it monitored Chinese naval manoeuvres, the coast guard said.The exercises named "Justice Mission 2025" saw China fire dozens of rockets towards Taiwan and deploy a large number of warships and aircraft near the island, in…
Top 8 Market (& Maritime) Movers of 2025
This past year won’t soon be forgotten. In 2025, conventional thinking about economics and investor behavior was frequently challenged, as dramatic changes in technology, energy and geopolitics drove markets in often unexpected ways.As the clock turns to 2026, here are 8 general market movers that can help explain what happened in 2025 and what it might mean for 2026 and beyond.1. Trade TurmoilPresident…
Fincantieri’s WASS Bags $235M Torpedo Order from Indian Navy
Fincantieri, via its subsidiary WASS Submarine Systems, has secured a contract from the Indian Navy to supply Black Shark Advanced (BSA) heavyweight torpedoes for six Scorpène-class submarines in service with the fleet.The contract, valued at more than $235 million, is the largest ever awarded in WASS’s history and coincides with the company’s 150th anniversary. Deliveries are scheduled between 2028 and 2030…
