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Iranian man released following alleged attempt to enter UK sub base

Posted to Maritime Reporter on March 23, 2026

A man arrested in Scotland last week on suspicion of trying to enter Britain's nuclear sub base has been released pending further investigations, Scottish prosecutors announced Monday. A 34-year old man and a 31 year-old Romanian woman were…

TotalEnergies will invest $1 billion into fossil fuel projects after abandoning US offshore wind.

Posted to Maritime Reporter on March 23, 2026

On Monday, the United States and French energy giant TotalEnergies announced that they would redirect nearly $1 billion in offshore wind leases towards U.S. production of oil and gas. The agreement represents a new approach in the Trump Administration's…

UK looks at expanding its regulatory powers to combat energy price gouging and profiteering

Posted to Maritime Reporter on March 23, 2026

Keir Starmer, Britain's Prime Minister, said on Monday that his government may re-examine the powers of the Competition Regulator to combat price gouging in the energy market. Starmer, a member of a parliamentary committee, said: "We are looking at ways to combat 'profiteering.

Starmer: UK must prepare for a prolonged Middle East conflict

Posted to Maritime Reporter on March 23, 2026

Keir Starmer, British Prime Minister, said on Monday that Britain must prepare for the possibility that a war with Iran could last for some time. He added that there were no "meaningful" concerns about energy supply. Starmer said that the emergency…

US, TotalEnergies shifts nearly $1 billion away from wind and into oil and gas

Posted to Maritime Reporter on March 23, 2026

TotalEnergies, a French and American energy company, announced on Monday that they would divert?nearly 1 billion dollars?from offshore leases towards U.S. oil & natural gas production. This deal is the latest blow for the U.S. offshore industry…

As ships reroute to the Cape, African bunkering hubs benefit

Posted to Maritime Reporter on March 23, 2026

The number of ships diverting around the Cape of Good Hope is increasing, as the Middle East war has reshaped global shipping routes. This boosts the role of Africa as a hub for bunkering. Since late 2023 when Houthi attacks against Red?Sea?shipping?began…

Daily Mail reports that a UK nuclear-powered sub is positioned in the Arabian Sea amid tensions between regional countries.

Posted to Maritime Reporter on March 23, 2026

The Daily Mail reported that a British nuclear-powered submarine equipped with Tomahawk Cruise Missiles has taken up position in the Arabian Sea, giving Britain the ability to launch long-range attacks if the regional conflict escalates. Could not immediately verify the information.

UK and Ireland test their readiness for incidents involving submarine cables

Posted to Maritime Reporter on March 13, 2026

Britain and Ireland are planning to conduct live 'exercises' in order to test their preparedness for incidents involving submarine cables. The two countries made this announcement on Friday as part of a joint statement aimed at enhancing maritime cooperation.

Italy weighs up options after damaged Russian LNG tanker drifts into the Mediterranean

Posted to Maritime Reporter on March 13, 2026

Sources said that Italian authorities are considering how to handle a Russian "liquefied gas tanker" left adrift in the Mediterranean following what Moscow "described" as a Ukrainian drone strike, according to sources. The Russian transport ministry reported that Ukrainian drones…

Ferretti advisor calls KKCG stake-raising offer unattractive

Posted to Maritime Reporter on March 12, 2026

Ferretti, the Italian yacht manufacturer, said 'on Friday that a 'independent financial advisor has deemed KKCG - a Czech investment group -?offering to redouble its stake in Ferretti as "not attractive". Ferretti stated that the independent…

Ferretti Group yacht manufacturer Ferretti Group acquired a 3.4% stake from Biglari Holdings

Posted to Maritime Reporter on March 12, 2026

The U.S. investment firm Biglari 'Holdings announced on 'Thursday that it had purchased a 3,4% stake in the?Ferretti -Group. KKCG, a Czech investment group, is preparing to make a partial offer for the Italian yacht manufacturer. Biglari Holdings…

Dmitriev, a Russian official, says that he has discussed the global energy crisis with U.S. counterparts

Posted to Maritime Reporter on March 12, 2026

The Russian presidential envoy Kirill Dmitriev stated that he discussed the current energy crises with his U.S. counterparts on Thursday as part of a meeting of the U.S. and Russia working group on economics which took place in Florida. Since the closure of the Strait o f?Hormuz on February 28…

Bousso: The release of historic oil reserves is a temporary bandage on the looming supply crisis.

Posted to Maritime Reporter on March 11, 2026

The International Energy Agency plan to release 400,000,000 barrels of oil reserves to the world is unprecedented and urgently needed to counter the devastating supply shock caused by the Iran War. But it will only offer limited relief so long as energy exports to the Middle East are blocked.

Rio prepares for SailGP's Brazil debut after 2025 cancellation

Posted to Maritime Reporter on March 11, 2026

Organisers announced on Wednesday that Rio de Janeiro was preparing to host the 'SailGP Brazil debut' in April. The event is expected to attract tens of thousands to one city's most famous beaches, after it was cancelled due to equipment problems a year ago.

British warship HMS Dragon departs to Eastern Mediterranean

Posted to Maritime Reporter on March 10, 2026

The British warship HMS Dragon left for the Eastern Mediterranean on Tuesday. This was more than a month after the United States and Israel launched attacks against Iran. The British government was criticized for not sending a warship sooner.

Gabler shares drop below the offer price at Frankfurt debut

Posted to Maritime Reporter on March 9, 2026

Gabler Group shares fell below the?offer?price? in a debut at the Frankfurt Stock Exchange on Monday after rising earlier in the day. The shares fell below the 44 euro offer price at 1349 GMT after reaching 49.1 earlier in the day. At its final price, the company valued itself at 266 millions euros.

Sources say that Shell-CNOOC China's joint venture will close its steam cracker because of disruption in feedstock.

Posted to Maritime Reporter on March 6, 2026

Shell's petrochemical complex in south China, a joint venture with China's CNOOC plans to shut down a steam breaker "soon". It has also informed domestic customers that it is unable to provide certain products. CNOOC & Shell 'Petrochemicals Company Ltd…

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on March 6, 2026

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. BANIJAY GROUP N.V. Dutch content production and distribution company Banijay Group announced a full-year revenue totaling 4.88…

European countries move to protect Cyprus and secure Red Sea Navigation

Posted to Maritime Reporter on March 5, 2026

European powers announced on Thursday that they will 'work together to safeguard the shipping in Red Sea, and send naval assets and other resources to protect Cyprus. The conflict has spread beyond Gulf States to the Mediterranean and even as far as Asia…

Bunge explores alternative shipping routes in the Middle East Conflict

Posted to Maritime Reporter on March 5, 2026

A spokesperson for Bunge, the global grains 'trader', said that they are exploring alternative shipments routes to reduce disruptions due to conflict in the Middle East. After the?U.S. and Israeli strikes on Iran, shipping through the Strait?of Hormuz has been disrupted…

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