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New Zealand will spend $1.6 Billion on US naval helicopters and Airbus jets

Posted to Maritime Reporter on August 20, 2025

New Zealand announced on Thursday that it will spend NZ$2.7bn ($1.6bn) to purchase five MH-60R Seahawk helicopters and two Airbus A321XLR planes, the first significant investment after a decision was made to replace the country’s aging defense fleet.

EU wheat prices rise with Chicago, but Black Sea concerns persist

Posted to Maritime Reporter on August 20, 2025

Euronext Wheat edged up Wednesday as benchmark futures recovered from a contract's low. Chicago prices rose, while doubts about Russian exports, and the rapid end of the war in Ukraine, tempered expectations for large supplies. At 1521 GMT the December wheat contract…

Egypt has agreed to purchase at least 200,000 tonnes of French wheat from the state buyer

Posted to Maritime Reporter on August 18, 2025

Future of Egypt, Egypt's state grain buyer, has announced that it has reached private agreements with French exporters to purchase at least 200,000 tons of French wheat, as well as several 30,000-ton loads of wheat from Ukraine, Romania and Ukraine.

Egypt has agreed to purchase at least 200,000 tonnes of French wheat from the state buyer

Posted to Maritime Reporter on August 18, 2025

Future of Egypt, Egypt's state grain buyer (Mostakbal Misr), has announced that it will buy at least 200,000 tons of French wheat through recent private agreements with exporters. It also plans to purchase several 30,000-ton cargoes of Ukrainian and Romanian wheat, the company said.

SailGP Germany: Sailing-France wins in a thrilling thriller after beating rivals

Posted to Maritime Reporter on August 17, 2025

France won their first SailGP of the year on Sunday as Quentin Delapierre’s team took the Germany Sail Grand Prix, beating out a three-boat duel in the calm waters off Sassnitz. France held their composure in a thrilling finale, which came down to the last metres.

SailGP Germany: France wins over rivals

Posted to Maritime Reporter on August 17, 2025

France won their first SailGP of the year on Sunday as Quentin Delapierre’s team took the Germany Sail Grand Prix, beating out a three-boat duel in the calm waters off Sassnitz. France held their composure in a thrilling finale, which came down to the last metres.

NZ leads overall, Sailing-Australia is ahead of Germany SailGP

Posted to Maritime Reporter on August 16, 2025

The Bonds Flying Roos of Australia, who won the first Germany Sail Grand Prix on Saturday, ended the day with a lead of eight points over New Zealand. Australia overcame a penalty at the start of the second race, and Tom Slingsby’s crew came back to finish in third place.

Brazil is out of the Germany Sail Grand Prix following a high-speed crash during practice

Posted to Maritime Reporter on August 15, 2025

Brazil won't be competing in this weekend's Germany Sail Grand Prix after its F50 foiling catamaran was damaged during Friday practice, while France is racing against the clock to repair their F50 following both vessels colliding in Sassnitz.

UN: At least 20 migrants drown in a shipwreck near Italy's Lampedusa Island

Posted to Maritime Reporter on August 13, 2025

A United Nations agency reported and local media on Wednesday that at least 20 people were killed after a boat carrying migrants capsized near the southern Italian island Lampedusa. Ansa reported that rescuers had recovered 20 bodies and were still working.

Vestas' Q2 performance falls short of expectations, but outlook remains unchanged

Posted to Maritime Reporter on August 13, 2025

Vestas, a manufacturer of wind turbines, reported Wednesday a lower-than-expected operating profit for its second quarter and maintained the outlook for the entire year. Vestas has reported an operating profit of 57 millions euros ($66.56) for April-June…

Italian Sea Group shares fall 9.7% after lowering 2025 guidance due to US tariffs

Posted to Maritime Reporter on August 8, 2025

The Italian Sea Group shares fell up to 9.7% on Friday after the group lowered its revenue forecast for 2025 and core profit margins, citing U.S. trade policies that are protectionist and geopolitical tensions. In a recent statement, the luxury…

Thyssenkrupp shareholders to vote on spin-off defence

Posted to Maritime Reporter on August 8, 2025

Thyssenkrupp shareholders will vote on Friday on the planned spin-off its defence division, amid expectations that its value may increase due to a radical change in European defense spending. Thyssenkrupp’s TKMS Division, which manufactures…

Thyssenkrupp shareholders to vote on spin-off defence

Posted to Maritime Reporter on August 8, 2025

Thyssenkrupp shareholders will vote on Friday on the planned spin-off its defence division, amid expectations that its value may increase due to a radical change in European defence spending. NATO members in Europe are increasing their defense budgets as a response to Donald Trump's stance.

Oil trader 2Rivers, formerly Coral Energy, begins dissolution process

Posted to Maritime Reporter on August 6, 2025

The company announced on Wednesday that the Dubai-based oil trading firm 2Rivers (formerly Coral Energy) has begun the formal dissolution process following the sanctions imposed by Britain and the European Union. The company said it took the decision with great regret…

US Coast Guard: Titan submersible design was a major factor in its implosion

Posted to Maritime Reporter on August 5, 2025

The U.S. Coast Guard's investigative board found Tuesday that "inadequate" design of the Titan submersible played a major role in its 2023 implosion, which left five people dead. Titan, a British passenger ship that sank on the seabed in 1912 killing more than 1…

Greek defence industry plans are based on anti-drone systems

Posted to Maritime Reporter on August 5, 2025

In just a few minutes, a new anti-drone Greek system showed what it was capable of. Centauros, a system developed by the European Union, was tested in the Red Sea last year. It detected and quickly destroyed two aerial drones fired by Yemeni…

The EU's highest court rules in favor of wind farm builders Galicia

Posted to Maritime Reporter on August 1, 2025

The European Court of Justice decided on Friday that the rights of public consultation had not been violated by environmental groups in a dispute over the construction of Wind Farms in Galicia, a region in Spain's northwestern region. The ruling…

South Korea: The 'Make America Shipbuilding Great Again Package' is key to a trade agreement, South Korea says

Posted to Maritime Reporter on July 31, 2025

South Korean Finance minister Koo Yun Cheol stated on Thursday that the U.S.-South Korea tariff agreement hinged on a partnership package for shipbuilding titled "Make America Shipbuilding Great Again". Koo stated that South Korean shipbuilders…

Monaco's Casirighi's team wins Admiral's Cup as they master the waves

Posted to Maritime Reporter on July 30, 2025

Monaco Yacht Club won the Admiral's Cup for the first time on Wednesday. They were the first team to win the prize from the Principality after a long series of races that culminated with the Fastnet Race. Monaco won the Fastnet final after a fierce battle in six inshore races on the Solent.

Two British brothers drown off the coast of Spain; father rescues them

Posted to Maritime Reporter on July 30, 2025

The regional emergency service reported on Wednesday that two British brothers, aged 11 and 13, drowned in the sea off the Spanish coast of Llarga, Catalonia. Their father, who had tried to save the boys, was rescued and survived. In a statement…

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