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Three bids are received for the $10 billion tender to privatize Argentina's rivers

Posted to Maritime Reporter on February 27, 2026

Minister Luis Caputo, Argentine Economy, announced that three foreign companies had submitted bids 'for the contract' to dredge 'and operate' Argentina's Parana River. This is a vital waterway 'for 'the country's exports of agricultural products.

Frontex and Spain search for missing boat of Balearic Islands migrants

Posted to Maritime Reporter on February 27, 2026

The Spanish government reported that the Spanish border agency Frontex and Spanish police were'searching on Friday for a boat with an unknown number of migrants who had tried to reach Balearic Islands. Walking Borders, a group that advocates for migrant rights…

Palanad 4 wins Caribbean 600 with IRC Zero title

Posted to Maritime Reporter on February 26, 2026

Antoine Magre’s Palanad 4 won the IRC Zero race in a Caribbean?race determined by tactical 'nerves' and sustained speed. The boat posted the?best corrected?time after two days, ten hours and 32 minute of intense sailing. James Neville's British…

Bousso: Geopolitical turmoil provides OPEC+ with cover to increase production cautiously.

Posted to Maritime Reporter on February 26, 2026

OPEC+ will meet on Sunday to decide its next production step amid increased geopolitical 'friction' affecting almost a third its output. This volatility could give the group the cover it needs to maintain its narrative of a balanced market, even if the reality on the ground suggests otherwise.

CMB Tech, a shipping group, beats expectations in its fourth-quarter core profit.

Posted to Maritime Reporter on February 26, 2026

CMB Tech reported fourth-quarter earnings that were above market expectations on Thursday, as a robust tanker and dry bulk markets allowed the Belgian Shipping Group to secure charters and sell older ships at high prices. EBITDA (earnings before 'interest…

Ireland looks to closer collaboration with NATO neighbors in order to deal with maritime threats

Posted to Maritime Reporter on February 25, 2026

Ireland plans to increase radar and subsea monitoring capabilities, and work more closely with NATO members in the face of hybrid threats arising from the North Atlantic. This was revealed by the country on Wednesday as part of its first maritime strategy.

Iberdrola plans to extend the nuclear fleet of Spain.

Posted to Maritime Reporter on February 25, 2026

Iberdrola's chief expects the company to ask for a similar extension of the life of all nuclear reactors in Spain, following a request made previously for the Almaraz plant. The debate about nuclear power in Spain was re-ignited by a major blackout that occurred in April.

Italian defence group Leonardo beats 2025 guidance, cuts debt

Posted to Maritime Reporter on February 25, 2026

Leonardo, the Italian defence group, posted a '2025 result that was above its financial targets. It also saw a significant improvement in its debt and an increase in key indicators. New orders increased 14.5% on an annual basis to 23.8 billion euros ($28.09billion)…

Denmark talks to Ukrainian drone manufacturer Skyfall about hosting production

Posted to Maritime Reporter on February 24, 2026

The Danish defence ministry announced on Tuesday that Ukrainian drone manufacturer 'Skyfall' is in discussions with the country about becoming the'second defence firm from the war-torn nation to set up production on Danish soil. The firm stated…

Ferretti's boss signals appetite for M&A amid annual core profit growth

Posted to Maritime Reporter on February 24, 2026

Italian yacht manufacturer Ferretti announced a 6.7% increase in its core profit for the full year, as well as a 47% jump in orders of made-to measure?yachts. Last year, adjusted?earnings prior to interest, taxes and depreciation (EBITDA), a measure of earnings before interest…

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…

The CEO of German shipbuilder TKMS, calls for consolidation in the industry

Posted to Maritime Reporter on February 24, 2026

In a'speech' published on Monday, the chief executive of TKMS, a -German warship builder - called for consolidation in the defence.industry. He said that money alone cannot build ships, and that the deciding?factor is how quickly industry and clients can act together.

Renault buys out Volvo and CMA CGM to gain full control of Flexis, an electric van company.

Posted to Maritime Reporter on February 23, 2026

Renault announced on Monday that it would buy out the stakes of truckmaker Volvo Group and shipping firm CMA CGM in Flexis, their joint venture for new-generation electric vans. The agreement is expected to take effect by the end the first half…

Danish authorities seize Iranian-flagged vessel due to registration concerns

Posted to Maritime Reporter on February 20, 2026

Denmark's maritime authority said?on Thursday that they had detained and examined a container ship with an Iranian flag anchored in Danish waters because it was not properly registred. According to LSEG, the ship was originally sailing under a Comoros 'flag.

DB Cargo, Germany's DB Cargo, plans to cut 6,000 jobs in order to turn the company profitable

Posted to Maritime Reporter on February 20, 2026

The chief of DB Cargo, a struggling freight 'business' of German railroad operator Deutsche Bahn, said that the company plans to eliminate 6,000 jobs by 2030, or nearly half the 'workforce', as part of a restructuring aimed to return to profitability, he added.

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.