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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.

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…

Sources: Malta-flagged container vessel hit by projectile at Hormuz and abandoned

Posted to Maritime Reporter on March 4, 2026

Shipping sources reported that the crew of the Maltese container ship Safeen Prestige abandoned ship after it was damaged by a projectile as it sailed towards?the top of the Strait of Hormuz? on Wednesday. Vanguard, a British maritime risk management company…

Trump claims that the U.S. has destroyed many Iranian naval and aerial targets

Posted to Maritime Reporter on March 3, 2026

On Tuesday, President Donald Trump stated that the U.S. military had been successful in destroying many Iranian air and naval targets. He said "almost everything" was destroyed. Responding to questions from reporters, Trump said that he had…

The Times reports that the UK is planning to send a warship to Cyprus to defend a military base.

Posted to Maritime Reporter on March 3, 2026

The Times newspaper reported on Tuesday that Britain plans to send a warship to defend its Royal Air Force Akrotiri in Cyprus against Iranian attacks. A 'drone attack' by Iran hit the runway at the Akrotiri base early on Monday morning. Britain said that UK assets were targeted.

Shipping CEO: About 10% of the global container fleet is caught up in Hormuz backlog

Posted to Maritime Reporter on March 2, 2026

Jeremy Nixon (CEO of Ocean Network Express) said that container ships accounted for about 100 of the 750 ships backed up around 'the Strait of Hormuz after U.S. Nixon told a container shipping conference in Long Beach California that "about…

German shipowners' association: 25 German ships from seven companies stuck in Gulf

Posted to Maritime Reporter on March 2, 2026

BERLIN, 2 March - At the very least, 25 ships?from 7 German maritime companies?including two?cruise ships?carrying about 7,000 'passengers' are stranded 'in 'Gulf waters 'and cannot leave the Strait of Hormuz due to security reasons. Germany's shipowners association VDR announced this on Monday…

Venezuela prepares larger oil cargoes to export, targets India

Posted to Maritime Reporter on February 24, 2026

Sources and data indicate that trading houses and buyers of Venezuelan oil chartered the very large crude carriers to export from the South American nation since the Caracas-Washington deal was signed. This is expected to increase shipments to India and speed up the process starting in March.

Pentagon: US forces seize a third sanctioned oil-tanker

Posted to Maritime Reporter on February 24, 2026

The Pentagon announced a?on?Tuesday that U.S. forces had captured an oil?tanker sanctioned in the Indian Ocean, after tracking it from Caribbean waters. It was the third such?interdiction. The U.S. Department of Defense announced in a post to X that its forces had boarded Bertha over night.

Etihad Airways profits soars nearly 50% as fleet, network expansion support strong demand

Posted to Maritime Reporter on February 24, 2026

Etihad Airways announced a nearly 50% increase in 'net profit' to $698m last year. The?carrier stated on Tuesday that increased capacity supported strong market demand and lifted the load factor. "We have invested a lot in our product and customer satisfaction.

Caribbean 600 is roaring into action off Antigua, with trade-wind thrills & start-line duels

Posted to Maritime Reporter on February 24, 2026

The 2026 RORC Caribbean600?emerged with a spectacular launch from Fort Charlotte, Antigua. An international fleet set out on a nonstop 600-mile journey around '11 Caribbean Islands in what promises to a be a thrilling 17th edition. "15 knots trade winds…

Panama cancels CK Hutchison's contracts and gives canal ports to Maersk

Posted to Maritime Reporter on February 24, 2026

Panama published a Supreme Court decision on Monday in its official gazette canceling a number of port contracts held by a subsidiary CK 'Hutchison. This cleared the way for a Maersk APM Terminals temporary takeover. This publication is the…

Caribbean speed demons gear up for 600-mile island hopping duel

Posted to Maritime Reporter on February 20, 2026

The 17th RORC Caribbean 600, which will take place next week, will feature two MOD70 trimarans that can reach speeds of over 30 knots. Both Jason Carroll's Argo, and Jon Desmond’s Final Final – Zoulou will be battling it out in the tradewinds of 11 Caribbean Islands.

Data shows that the discount for Russia's Urals Crude Oil is at its deepest level since 2023.

Posted to Maritime Reporter on February 20, 2026

Data shows that the world's benchmark Brent crude oil is being sold at the lowest price in three years from the Baltic ports of Russia. Discounts are important, as they result from sanctions that the West imposed against Russia for the "war" in Ukraine.

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