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Iran's state-run broadcaster claims that US naval units were hit by missile fire following the US attack on Iranian oil tanks

Posted to Maritime Reporter on May 7, 2026

Iranian state media, citing a military official who declined to be named, reported on Thursday that U.S. 'naval units' operating in the strait of Hormuz were hit by a missile fired from Iran after the U.S. attacked an Iranian oil tanker. It added that U.S.

Rheinmetall to order German F126 frigates by Q2

Posted to Maritime Reporter on May 7, 2026

Rheinmetall's CEO Armin Papperger stated 'on Thursday' that the company could sign a contract to take over Germany’s delayed F126 frigate program 'in the second quarter'. This would further highlight the growing focus of the company on the naval sector.

Indian seafarers suffered nightly explosions and a lack of food during the Iran war

Posted to Maritime Reporter on May 7, 2026

Indian sailor Tithi Chhranjeevi was terrified by drones and missiles after his ship had been stranded for more than a week in Iran due to the Middle East conflict's blockade of?the?Strait of Hormuz. "Around 10-20 missiles were fired every night." "No one could sleep…

Trump's vulnerability exposed by shrinking US fuel stock: Bousso

Posted to Maritime Reporter on May 7, 2026

Fuel markets in the U.S. are flashing warning signals. Donald Trump has said repeatedly that gasoline prices would "drop like rocks" when the Iran conflict ended. The sharp and persistent declines in U.S. crude, gasoline and diesel stocks in recent months suggests otherwise.

South Korea's MFG purchases about 50,000 tonnes of soymeal from traders

Posted to Maritime Reporter on May 7, 2026

The Major 'Feedmill Group' (MFG) of South Korea purchased a?estimated amount of 50,000 metric tonnes of soymeal on Thursday in an international?tender that sought?upto 60,000 tons, European traders reported. A consignment is believed to have cost $414.79 per ton…

South Korea's FLC purchases about 132,000 tons of corn, traders claim

Posted to Maritime Reporter on May 7, 2026

The Feed Leaders Committee of South Korea (FLC) purchased 132,000 metric?tons animal?feed?corn?from optional origins on?Thursday, European traders reported. A consignment of 65,000 tons of goods was reported to have been purchased from the trading…

Taiwan fires first torpedo for its domestic submarine

Posted to Maritime Reporter on May 7, 2026

Taiwan conducted the first torpedo firing of its domestically-developed submarine. This is a significant milestone in a project that aims to strengthen deterrence and protect vital sea lanes if war breaks out. Taiwan, which China claims to be…

Rheinmetall CEO highlights stronger growth in Q2 on vehicle and naval orders

Posted to Maritime Reporter on May 7, 2026

Armin Papperger, CEO of Rheinmetall, said on Thursday that the German defence company is expecting a stronger growth in the second quarter due in part to the large volume orders placed in the vehicles and naval business. "With the acquisition of Naval Systems…

Trump's vulnerability exposed by shrinking US fuel stock: Bousso

Posted to Maritime Reporter on May 7, 2026

Fuel markets in the U.S. are sending out warning signals. Donald Trump has said that gas prices will drop "like a rock" once the Iran conflict is over. The sharp and persistent declines in U.S. crude, gasoline, and diesel stocks in recent months suggest otherwise. The risk goes beyond sticker shock.

Oil prices sink as US-Iran hopes for peace sink wheat

Posted to Maritime Reporter on May 6, 2026

Euronext wheat fell for a second day on Wednesday, 'hitting a two-week high. Investors reacted to news that Washington and Tehran were 'close to an agreement to end their conflict. The most active contract, September?milling whey, on Paris'…

Document says US will lift Eritrea sanctions, as Red Sea tensions change alliances.

Posted to Maritime Reporter on May 6, 2026

According to a?US. A government document, seen by analysts, linked the strategic location of the African state on the Red Sea shipping routes. Analysts said that the U.S. action was aimed at improving relations with Eritrea which has a long Red Sea coast opposite Saudi Arabia.

Algerian traders report that 390,000-420,000 tons of milling wheat will be purchased by Algeria in a tender.

Posted to Maritime Reporter on May 6, 2026

European traders reported that Algeria's state grain agency OAIC bought between 390,000 and 420,000 metric tons of milling wheat at an international?tender that closed on Wednesday. The traders were still assessing the size of the order in terms of tonnage…

Algeria purchases milling wheat at tender, traders claim

Posted to Maritime Reporter on May 6, 2026

?European traders'reported that the state grain agency of Algeria, OAIC, had?purchased milling wheat at an international tender that?closed Wednesday. Initial reports indicated that the cost of a metric tonne, including freight and cost (c&f), was between $268 and $270.

FT reports that Rheinmetall is seeking 12 billion Euros to save the German warship deal

Posted to Maritime Reporter on May 6, 2026

The Financial Times (FT), Wednesday, reported that Rheinmetall wants Germany to pay about 12 billion euros ($14 billion), to take over its?troubled F126?frigate?program. This would bring the 'total cost of?"six warships up to approximately 14 billion euros.

Iran wants an 'all-encompassing agreement' with the US

Posted to Maritime Reporter on May 6, 2026

Iran's foreign minister stated on Wednesday that it would only accept a "fair and comprehensive agreement" with the U.S. in its negotiations to end the Middle East war, as President Donald Trump noted "great progress"? in the process. He didn't…

Wall Street Journal, May 6,

Posted to Maritime Reporter on May 6, 2026

These are the most popular stories from?the Wall Street Journal. These stories have not been verified and we cannot vouch for the accuracy of these articles. The U.S. Equal Employment Opportunity Commission filed a lawsuit against the New York Times on Tuesday.

EDP Renewables will keep the US as its top investment market, despite offshore wind's exit

Posted to Maritime Reporter on May 6, 2026

EDP Renewables will continue to invest in the United States, despite the recent decision by the company to withdraw from offshore wind. This was revealed on Wednesday by CEO Miguel Stilwell de Andrade. He said EDPR would maintain the 'planned…

Pakistan Navy assists Indian vessel stuck in Arabian Sea

Posted to Maritime Reporter on May 5, 2026

Pakistan's army said that the navy responded to a distress signal?from an Indian ship stranded on a sandbar in the 'Arabian Sea' after a technical failure. The MV Gautam was stranded at sea after a technical failure on its way from Oman to India.

Document says US will lift Eritrea sanctions, as Red Sea tensions change alliances.

Posted to Maritime Reporter on May 5, 2026

According to a document seen by analysts, the United States will remove sanctions against Eritrea. This decision is linked to Eritrea's strategic position on the Red Sea shipping routes. Analysts said that the U.S. decision was aimed at improving relations with Eritrea which…

Huntington Ingalls reports lower quarterly profit as costs weigh

Posted to Maritime Reporter on May 5, 2026

U.S. shipbuilder Huntington-Ingalls posted a lower operating margin for the first quarter on Tuesday. This was due to?higher costs?amid inflation?and?volatility of global trade. In premarket trading, shares of the company fell by nearly 3%. U.S.
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