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Monday, January 26, 2026

Maritime Blogs Europe

South Korea delegation to Canada to lobby on submarine project

Posted to Maritime Reporter on January 25, 2026

South Korean Presidential Chief of Staff Kang Hoon -sik announced on Monday that he would be heading to Canada with Hyundai Motor executives and representatives of shipbuilders Hanwha & HD Hyundai Heavy Industries in order to secure a major subcontract.

European nations pledge 100 GW of wind energy

Posted to Maritime Reporter on January 25, 2026

The British government announced that Britain, Germany and Denmark, as well as other European countries, will sign a clean-energy pact on Monday at a summit in Hamburg, where they pledged to deliver 100 gigawatts of offshore wind energy through large-scale, joint projects.

A migrant vessel sinks near Tunisia, resulting in the rescue of one person and the fear that 50 others may have drowned.

Posted to Maritime Reporter on January 25, 2026

Officials said that a migrant was rescued on Sunday and that?50 other migrants are believed to have drowned after a boat sank in the Mediterranean. Alarm Phone, which runs an emergency hotline for migrants, reported that the man had been swimming…

Export prospects for EU wheat are clouded by a bumper Argentine harvest

Posted to Maritime Reporter on January 23, 2026

Traders and analysts claim that the European Union is having difficulty in exporting its larger wheat surplus, as a record Argentine harvest?intensifies competition, especially on top EU market Morocco. Farmers are also reluctant to sell their crops at low prices.

The Royal Navy of the UK tracks Russian ships sailing through English Channel

Posted to Maritime Reporter on January 23, 2026

The Royal Navy of Britain shadowed Russian ships sailing through the English Channel during a 'two-day operation' coordinated with NATO allies, the navy announced on Friday. This comes as NATO intensifies its monitoring of Russian shipping.

Rheinmetall CEO: Luerssen acquisition will lead to increased naval activity

Posted to Maritime Reporter on January 23, 2026

Armin Papperger, CEO of Rheinmetall, said that the company is considering further acquisitions within the naval sector. In September, Rheinmetall agreed to buy the warship division from German shipbuilder Luerssen at a price of 1.35 billion euro ($1.57 billion).

Hanwha Group aims to create 200,000 jobs or more in Canada by the year 2040

Posted to Maritime Reporter on January 22, 2026

Hanwha Group, a South Korean conglomerate, aims to create 'at least 200,000 jobs' in Canada by 2040, through cooperation between various sectors, including shipbuilding. The company is competing for a highly contested subcontract. Hanwha will…

The Magres: Radical design and family bond, a triumph across the Atlantic for this model

Posted to Maritime Reporter on January 22, 2026

The owner Olivier Magre described the feat as "a fantastical dream". A father and son from France have transformed a radical Mach50 into a triumphant transatlantic race, winning the overall victory at 2026 RORC Transatlantic Race. Palanad 4…

Minister says UK supported French operation on board sanctioned Russian vessel

Posted to Maritime Reporter on January 22, 2026

John Healey, UK Defence Minister, said that Britain had provided tracking and?monitoring?support to a French operation to a board a sanctioned Russian oil tanker to choke off?the funds which fuel Russia's incursion into Ukraine. Healey stated…

Sources: German military preparing for at least three frigates to be purchased from TKMS

Posted to Maritime Reporter on January 22, 2026

According to sources familiar with this project, the German military is preparing a purchase of at least three MEKO A200 class frigates from German shipbuilder TKMS. Each of these ships will cost around $1.17 billion. Sources said that a 'preliminary…

Sailing New Zealand will defend America's Cup at Naples in July 2027

Posted to Maritime Reporter on January 22, 2026

Organisers announced on Wednesday that New Zealand would begin its defence of the America's Cup on Saturday, July 10, next year, in the Italian city of Naples. The contest will end 'the following weekend'. The winner of the elimination round…

Sources: CPC bottlenecks cause oil to be diverted to the local market from the giant Kazakh field

Posted to Maritime Reporter on January 22, 2026

Four industry sources said that oil from Kazakhstan's massive Kashagan field has been diverted to the domestic market, for the first-time due to bottlenecks in the Black Sea terminal which handles the bulk the country's crude imports. After…

Emirates renews New Zealand's support for America's Cup defense

Posted to Maritime Reporter on January 22, 2026

Airline Emirates has renewed its partnership with New Zealand, as the team prepares to defend America's Cup at the America's Cup next year in Naples. Emirates Team New Zealand defeated Ben Ainslie’s British crew in the America’s Cup Match Final in Barcelona 2024.

British America's Cup Team relaunches under GB1 with Fletcher at the helm

Posted to Maritime Reporter on January 22, 2026

Ben Ainslie's British Team announced on Wednesday that they will compete for the America's Cup under the name GB1; Dylan Fletcher has been named as the helmsman for their latest attempt to?lift this coveted trophy. GB1 has not named a second…

German crew member killed in accident during transatlantic race

Posted to Maritime Reporter on January 20, 2026

Race organisers announced on Tuesday that a crew member of a German yacht participating in the Royal Ocean Racing Club's Transatlantic Race had died after an accident occurred during the crossing between Spain and Antigua. The club previously…

EU Wheat Slips as Euro Jump and Export Competition Weigh

Posted to Maritime Reporter on January 20, 2026

Traders said that Euronext wheat prices fell on Tuesday due to a sharp increase in the euro, and the results of import tenders which showed the level of 'competition with Argentinean and Black Sea supply,' traders reported. The?most actively…

Germany's TKMS is looking for investment packages to woo Canada about the $12 billion submarine tender

Posted to Maritime Reporter on January 20, 2026

The CEO of TKMS, a warship builder, said that he is in discussions with Norwegian and German firms to offer a multibillion-dollar package to Canada 'in a fiercely-competitive submarine tender. He was trying to beat a rival 'South korean' bid.

Kuwaiti investor Al-Kharafi buys 3% Ferretti stake

Posted to Maritime Reporter on January 20, 2026

Kuwaiti businessman Bader Nasser Al-Kharafi announced?on?Tuesday that he acquired a 3% stake in luxury yacht maker Ferretti. This comes amid efforts to reshape Ferretti's Italian shareholder base and its board. According to a press release, the deal was made through BNK Holding.

Germany's TKMS is looking for investment packages to woo Canada about the $12 billion submarine tender

Posted to Maritime Reporter on January 20, 2026

The CEO of TKMS, a warship builder, said that he is in discussions with 'Norwegian, German and German companies in order to offer a multibillion-dollar investment package to Canada as part of a fiercely competitive'submarine tender. He hopes to beat a competing South Korean bid.

Leonardo Chair rebuts Fincantieri merger remarks

Posted to Maritime Reporter on January 20, 2026

Leonardo's Chairman on Tuesday dismissed his?comments about a possible merger with Italian shipbuilder Fincantieri as a "light-hearted joke". Stefano Pontecorvo, at a business meeting in Milan on Monday, floated the idea that the two state-controlled companies could merge.