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New Zealand SailGP team opens up about a 'traumatic crash' in Auckland

Posted to Maritime Reporter on February 16, 2026

New Zealand's Black Foils Team has broken its silence about the 'traumatic, high-speed collision' with DS Team France that occurred at the SailGP in Auckland. The incident left two sailors injured as well as causing damage to the boats. Louis Sinclair…

Australia wins SailGP Auckland, but is overshadowed in dramatic crash

Posted to Maritime Reporter on February 14, 2026

Australia's Bonds Flying Roos successfully defended the?Auckland SailGP championship title on Sunday - climbing to the top of?leaderboard? after two events. The Australian team, led by Tom?Slingsby overtook the reigning champions Emirates Great…

Australia pledges $2.7 Billion to Progress Nuclear Submarine Shipyard Build

Posted to Maritime Reporter on February 14, 2026

Australia announced on Sunday that it will spend A$3.9 billion ($2.76billion) to advance construction of a shipyard which will deliver nuclear-powered subs under the trilateral AUKUS defense pact with the U.S. and?Britain. AUKUS, announced in 2021, is Australia's biggest-ever defence investment.

The Sailing-SailGP Auckland race has been abandoned following a major accident involving Black Foils from France

Posted to Maritime Reporter on February 14, 2026

Two sailors received treatment for injuries following a high speed collision between the DS 'Team - France and New Zealand's Black Foils that resulted in the racing being abandoned at the Auckland Sail Grand Prix opening day on Saturday. The incident happened shortly after the third race began.

Sail GP Auckland race abandoned after Black Foils and France collide

Posted to Maritime Reporter on February 14, 2026

Two sailors were treated after a high-speed crash?between New Zealand’s Black Foils?and DS 'Team France, which led to the racing being abandoned on Saturday’s opening day of the Auckland Sail Grand?Prix?. This incident happened shortly after the third race began.

Trump Administration releases Maritime Action Plan aimed to revive US shipbuilding

Posted to Maritime Reporter on February 14, 2026

The Trump administration released on Friday a plan to rebuild U.S. shipbuilding and other maritime business, which will be paid for in part by port fees collected on cargo brought to the United States aboard ships manufactured in China. The…

US removes updated list of companies allegedly assisting China's military

Posted to Maritime Reporter on February 14, 2026

After posting a list on Friday, the 'United States' removed it shortly thereafter. The updated list included some of China's biggest tech companies including Baidu and Alibaba. The document was posted for an hour and removed China's two largest memory chip manufacturers…

Antigua Nelson's Cup: Britain's Caffari to challenge Antigua

Posted to Maritime Reporter on February 14, 2026

Dee Caffari, a British sailor, arrives in Antigua after a race around the world that took less than 58 days. Next week he will swap the vastness of the Southern Ocean for the tight and tactical racing of the RORC Nelson's Cup Series 2026. Caffari…

Sources: Venezuela's PDVSA sells oil only to companies with individual licenses

Posted to Maritime Reporter on February 14, 2026

Four sources told us that Venezuela's PDVSA, the state-owned oil company, has refused to sell to companies who do not have individual U.S. licences. This is limiting the exports of oil and stopping the country from draining its brimming tanks more quickly.

UK Development Investment Agency to Resume Joint Investments with DP World

Posted to Maritime Reporter on February 14, 2026

British International Investment, the UK's development investment agency, welcomed DP World’s new chief executive on?Friday and said it would resume investments with the Dubai-based port operator. BII earlier this week halted all new investments…

Dubai's DP World names a new Chairman and CEO following pressure on Epstein

Posted to Maritime Reporter on February 14, 2026

Dubai Media Office reported that DP World, the port giant in Dubai, announced Friday the 'appointment' of Essa?Kazim?as a?chairman?of its board?and Yuvraj narayan?as group chief executive?officer?. This was after mounting pressure had been placed…

EBRD: Romania to purchase Moldova's Giurgiulesti port on the Danube River

Posted to Maritime Reporter on February 14, 2026

It said that the European Bank for Reconstruction and Development will sell a Danube River Port in Moldova called Giurgiulesti to a neighboring Romania, as the Black Sea State seeks to increase its logistics role 'in central and southeast europe.

South Korean milling company buys around 50,000 tons US wheat, traders claim

Posted to Maritime Reporter on February 14, 2026

European traders reported on Friday that a group of 'South Korean flour mills' purchased an estimated 50,000 metric tonnes?of milling wheat?to be sourced from the United States through an international auction. All wheat was purchased free-on-board (FOB) and shipped between June 1 and June 30.

One dead, six injured in Russian air strike on port in Odesa region of Ukraine, deputy PM states

Posted to Maritime Reporter on February 14, 2026

Oleksiy Kulba, Ukraine's deputy prime minister, said that a 'Russian drone' attack had killed one person and injured six others at a port in the Odesa region of Ukraine on the Black Sea. Kuleba stated that the infrastructure of a business was?damaged.

Norwegian Cruise Line names board member John Chidsey CEO

Posted to Maritime Reporter on February 12, 2026

Norwegian Cruise 'Line Holdings announced on Thursday that?John Chidsey has been appointed as its chief executive officer, effective immediately. Harry Sommer is stepping down. Chidsey was appointed to the Norwegian board of directors in 2025 after a previous tenure from 2013 to 2022.

American Magic buys Danish SailGP in $60 Million deal

Posted to Maritime Reporter on February 12, 2026

American 'Magic', the sailing team owned by U.S. sports investor Doug?DeVos and based in New Zealand, bought Danish SailGP record-holders ROCKWOOL racing for $60 million. The deal was announced on the eve before the New Zealand event of the global league.

American Magic buys Danish SailGP in a $60 million deal

Posted to Maritime Reporter on February 12, 2026

American Magic, a sailing team owned by U.S. sports investors Doug DeVos and ROCKWOOL, have bought the Danish 'SailGP' speed record holders ROCKWOOL racing in a 60 million dollar deal announced on the eve before the New Zealand event of the global league.

AI in the stock market is now sinking all ships instead of lifting all boats.

Posted to Maritime Reporter on February 12, 2026

Investors are discovering that artificial intelligence is more than just a fertile field for stocks. It is also a minefield. Stock gains for technology firms and other companies have been fueled by the enthusiasm?about AI’s profitability. This…

Sources say that the Volgograd oil refinery in Russia has halted processing following a drone attack.

Posted to Maritime Reporter on February 12, 2026

Two industry sources confirmed on Thursday that the Lukoil owned Volgograd refinery in Russia's southern region halted oil processing on Tuesday. This was after a fire broke out following an attack by Ukrainians. In January, peace talks led…

Fincantieri, the Italian shipbuilder, will increase revenue and profit margins by focusing on defence

Posted to Maritime Reporter on February 12, 2026

Fincantieri pledged on Thursday to 'double its core profits to 1.25 billion euros ($1.49billion) by 2030, under a new multi-year defence-focused strategy. This will also double the'shipyard production capacity of 'Italy and expand its underwater business.

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