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TKMS, a submarine manufacturer, has a record backlog of orders worth $22 billion and is raising its sales forecast.

Posted to Maritime Reporter on February 11, 2026

German submarine manufacturer TKMS announced a record-breaking $22 billion backlog of orders on Wednesday. They also raised their 2026 sales forecast, citing a surge in demand for warships during a period of increasing geopolitical tensions.

Super Bowl security measures in San Francisco Bay include massive airborne and maritime security

Posted to Maritime Reporter on February 6, 2026

Super Bowl LX, held at Levi's Stadium, has brought law enforcement of all stripes to the San Francisco Bay Area. This includes a fleet of 'unfamiliar' low-flying planes buzzing the area to assist with security. The large number of military-style…

Euronext Wheat Ends Week Lower

Posted to Maritime Reporter on February 6, 2026

Euronext Wheat fell on Friday, posting a weekly decline as participants adjusted front-month futures and?a stronger euro dented export prospect. The price of March milling grain on Euronext settled at 190.00 euros ($224.45). Over the week, the…

Germany's PNE has lost bid for Vietnam wind projects, in a new blow to foreign investors

Posted to Maritime Reporter on February 6, 2026

The Vietnamese authorities have chosen a newly-created subsidiary of real estate conglomerate Vingroup for the development of the first phase of a major offshore wind project in the country. Morgan Stanley-backed German renewable company PNE…

EU wheat stable with weather and exports as focus

Posted to Maritime Reporter on February 6, 2026

The European wheat futures market was little changed Thursday, as it paused at a 2-1/2-month high from earlier in the week. Traders accounted for higher Chicago prices, weather risks, and a slowdown in export demand. The price of March milling…

French Navy seizes cocaine in Polynesia and Caribbean

Posted to Maritime Reporter on February 6, 2026

France's Minister of the Armed Forces announced on Thursday that the French Navy had seized over 4 tonnes of cocaine in French Polynesia, and intercepted a boat transporting?the drug to?the Caribbean. This comes as other countries, including the U.S.…

French Navy intercepts cocaine-laden boat in Caribbean

Posted to Maritime Reporter on February 6, 2026

On Thursday, the French Navy intercepted a boat?carrying cocaine and handed it over to Barbadian authorities. This comes as other countries, including the United States, intensify their efforts against drug trafficking. Catherine Vautrin reported? on X? that 678 kilogrammes cocaine had been seized.

India's Russian Oil Imports Down 12% Between Jan/Dec Amid US-India Trade Talks

Posted to Maritime Reporter on February 4, 2026

Sources said that India's Russian imports fell in January. This continued a trend that started in December, as refiners looked for alternative barrels under the pressure of Western sanctions and the ongoing U.S. India trade talks. Donald Trump, the U.S.

Wartsila order misses forecast but data centres are still on track

Posted to Maritime Reporter on February 4, 2026

Wartsila, the Finnish engineering company, missed its fourth-quarter order forecasts on Tuesday due to U.S. tariffs on batteries and increased competition in their energy storage business. Even though CEO Hakan AGnevall said that there were…

US refiners struggle with sudden surge of Venezuelan oil imports

Posted to Maritime Reporter on February 4, 2026

According to traders and shipping data, oil refiners in the U.S. Gulf Coast struggle to absorb the rapid increase of Venezuelan crude since last month's $2 billion deal between Caracas & Washington. This has pushed up prices and left some volumes unsold.

US refiners struggle with sudden surge of Venezuelan oil imports

Posted to Maritime Reporter on February 4, 2026

According to traders and shipping information, oil refiners in the U.S. Gulf Coast struggle to absorb an influx of Venezuelan crude since last month's $2 billion deal, which was a "flagship" agreement between Washington and Caracas. This has pushed up prices and left some volumes unsold.

Orsted sells off European onshore renewables in order to solidify finances

Posted to Maritime Reporter on February 4, 2026

Orsted, the Danish wind farm operator, announced on Tuesday that it has agreed to sell its European onshore Renewables business to Copenhagen Infrastructure Partners at a price of 1.44 billion euro ($1.7 billion), as part a plan to strengthen its finances.

The UK's naval chief has said that the investment of Russia in Northern Fleet is not diminishing.

Posted to Maritime Reporter on February 4, 2026

The British Navy's top naval commander said that despite the conflict in Ukraine lasting a few more years, Russia's investment into its Northern Fleet has not diminished. He added that Western powers were tested by Moscow's "aggressive" posture.

Bousso

Posted to Maritime Reporter on February 4, 2026

The hard economic reality of oil will sabotage President Donald Trump's efforts to funnel U.S. crude oil and Venezuelan crude into India, as part of an overall trade agreement. Details of the deal were announced by President Trump and Indian Prime Minister Narendra Modi on Monday…

US court stops Trump from halting the last of five offshore wind projects

Posted to Maritime Reporter on February 2, 2026

The five offshore wind projects that were halted in December by the Trump Administration can resume construction after a federal court ruled on Monday. A judge cleared Denmark's Orsted to proceed with its Sunrise Wind Project off the coasts of New York.

Venezuelan oil exports jump to 800,000 barrels per day in January under US control.

Posted to Maritime Reporter on February 2, 2026

Shipping data shows that Venezuelan oil exports jumped to a record?800,000. barrels per day in January under the control of the United States, from 498,000 barrels per days in December. This was after the capture by the U.S. of President Nicolas Maduro…

US Judge to review last project challenge to Trump Offshore Wind Pause

Posted to Maritime Reporter on February 2, 2026

A U.S. Judge will on Monday consider a Danish energy company's request to block the Trump?administration from halting its Sunrise Wind Project off the coast of?New York. This is the fifth preliminary injunction application filed by an offshore developer since December 22…

America's Cup extends the entry deadline and opens it to more teams

Posted to Maritime Reporter on February 2, 2026

The deadline for America's Cup entries has been extended by two months, to the end of March. This will allow more teams to compete in the blue-ribbon event next year at 'Naples. The entry deadline has been extended until March 31 to give teams more time to prepare for AC38.

Andy Home: The surge in exports from China is a sign that the global metals market is in turmoil.

Posted to Maritime Reporter on January 31, 2026

China's net copper imports last year fell to the lowest level since 2017. They totaled 3.03 million metric tonnes. Exports grew dramatically, despite a drop in inbound shipments of only 5% compared to 2024. The largest copper buyer in the world shipped almost 800,000 tonnes.

Bousso

Posted to Maritime Reporter on January 29, 2026

The vast European natural gas storage network will exit winter with its lowest level for years. Yet, market prices show a complacency that is at odds with the immense challenge faced by traders in replenishing their inventories. Since the Russian invasion of Ukraine…

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