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May 5, 2026
OPEC has been weakened more than anyone could have imagined just a few months ago by the military actions of U.S. president Donald Trump in Venezuela and Iran. White House may see this as a big win, but ultimately it could hurt both the U.S. energy markets and the U.S.
Posted to Maritime Reporter
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May 5, 2026
Here are some company news stories and updates from France and Benelux that could impact the markets in these regions or specific stocks. BENETEAU SA : French boat maker Beneteau reported Q1 revenues of 169.5 million euro ($198.18 million), up?30% on last year.
Posted to Maritime Reporter
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May 4, 2026
Yonhap News reported on Monday that South Korea was verifying information indicating a vessel flying the flag of South Korea had been attacked in Strait of Hormuz. A spokesperson from South 'Korean shipper HMM said that a fire broke out in the engine room of one its bulk carriers…
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May 3, 2026
The Swedish Coast Guard announced on Sunday that it had seized in the Baltic Sea a tanker believed to be a part of Russia's shadow fleet. This is just one of many similar actions taken by authorities in Sweden in recent months. In a press release…
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May 2, 2026
Donald Trump, the U.S. president, said that he had been informed about a possible deal with Iran but was awaiting the precise wording. He also warned of the possibility of resuming military strikes against the country in the event of Tehran's misbehavior.
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May 2, 2026
A senior Iranian official said on Saturday that a proposal from Iran, which has been rejected by U.S. president Donald?Trump so far, would end the U.S. ban on Iran and open the Strait of Hormuz to shipping. Talks on Iran's nuclear program could be held later.
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May 1, 2026
Venezuela's oil exports grew 14% in April to 1,23 million barrels per day, the highest level in over seven years. This was fueled by increased sales to India, Europe and the United States. Shipping data and documents provided by state-owned PDVSA were released on Friday.
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April 30, 2026
Ferretti's investor 'KKCG' is prepared to support the expansion of the yacht'maker,' which can be achieved through acquisitions on the 'leisure boating' market, and by developing the 'defence' business,' said the chairperson of the Czech investment firm, Thursday.
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April 30, 2026
The Financial Times reported that the chief executive of Italian luxury yacht maker Ferretti said it was held back by "a lack of industrial vision" as well as aversion towards risk among its large Chinese shareholders. CEO?Alberto Galassi made…
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April 29, 2026
Fincantieri, an Italian shipbuilder, and Albanian KAYO have formed a joint-venture to build and maintain vessels for Albania. The country is seeking to modernize its military infrastructure and deepen its NATO connections. According to a joint statement from the government and the company…
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April 29, 2026
After a seven-year hiatus, the World Sailing Nations Cup is set to return to international waters in 2027. The France's Cherbourg Yacht Club has been selected to host this prestigious match racing competition between September 6-11. The event will include up to 10 teams…
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April 29, 2026
Barclays said late Tuesday that the United Arab Emirates' decision not to join OPEC would result in a faster growth of oil -supply from the country, as it 'comes out?of?the current crisis. Barclays said late Tuesday that the United Arab Emirates…
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April 28, 2026
The United Arab Emirates decision to leave OPEC is likely to have a dramatic impact on the producer group, which has been around for 65 years. It will also open the door to a price war when Gulf producers rush to regain their market share after the Iran conflict ends.
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April 28, 2026
United Arab Emirates' decision not to join OPEC will drastically reduce the producer group's 65-year influence on the oil market. This could lead to a price war once Gulf producers rush to regain their market share after the Iran War is over.
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April 28, 2026
Giles Scott, a British sailing expert, was named the new sailing director of American Racing Challenger Team USA on Tuesday. The team is ramping up its preparations for next year's America's Cup, which will be held in Italy. Scott, who has won two Olympic golds in the Finn class…
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April 28, 2026
The Italian parliament voted on Tuesday to support a government proposal to donate an old?aircraft-carrier to Indonesia. This would strengthen relations with an ally and avoid the cost of dismantling an outdated asset. Garibaldi, a 54 million euro (63 million dollar) vessel…
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April 27, 2026
The price of European wheat futures fell in Paris on Monday, as a strong euro weighed down on exports. Traders also expected that a large Saudi Arabian purchase of wheat would be sourced from the region around the Black Sea. Fresh signs that…
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April 27, 2026
Shipping data revealed a lull in activity over the last few days. However, the talks between Iran and the United States are still stalled. According to data from Kpler, and a separate satellite analysis by 'data analytics specialists SynMax'…
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April 27, 2026
British maritime security groups Vanguard & Ambrey reported that suspected 'pirates' boarded an unregistered general cargo ship flying the St. Kitts and Nevis flag off Somalia and were guiding it towards the Somali coast. Between 2008 and 2018…
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April 23, 2026
South Asia relies on imported energy for 95% of their needs. The price increases following the Middle East war have been devastating. Wind and solar energy, which are renewable, can help break this dependency. Solar power is the largest renewable energy source in Bangladesh…
