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British America's Cup Team relaunches under GB1 with Fletcher at the helm

Posted to Maritime Reporter on January 22, 2026

Ben Ainslie's British Team announced on Wednesday that they will compete for the America's Cup under the name GB1; Dylan Fletcher has been named as the helmsman for their latest attempt to?lift this coveted trophy. GB1 has not named a second…

Indonesia auctions off oil tankers and cargo with Iranian flag

Posted to Maritime Reporter on January 21, 2026

The Indonesian Attorney General's Office announced on Wednesday that it would auction an 'Iranian flagged supertanker' later this month. It was seized by Indonesian authorities in 2023, on suspicion of illegally transshipping crude oil. The MT Arman 114…

German crew member killed in accident during transatlantic race

Posted to Maritime Reporter on January 20, 2026

Race organisers announced on Tuesday that a crew member of a German yacht participating in the Royal Ocean Racing Club's Transatlantic Race had died after an accident occurred during the crossing between Spain and Antigua. The club previously…

EU Wheat Slips as Euro Jump and Export Competition Weigh

Posted to Maritime Reporter on January 20, 2026

Traders said that Euronext wheat prices fell on Tuesday due to a sharp increase in the euro, and the results of import tenders which showed the level of 'competition with Argentinean and Black Sea supply,' traders reported. The?most actively…

Germany's TKMS is looking for investment packages to woo Canada about the $12 billion submarine tender

Posted to Maritime Reporter on January 20, 2026

The CEO of TKMS, a warship builder, said that he is in discussions with Norwegian and German firms to offer a multibillion-dollar package to Canada 'in a fiercely-competitive submarine tender. He was trying to beat a rival 'South korean' bid.

Kuwaiti investor Al-Kharafi buys 3% Ferretti stake

Posted to Maritime Reporter on January 20, 2026

Kuwaiti businessman Bader Nasser Al-Kharafi announced?on?Tuesday that he acquired a 3% stake in luxury yacht maker Ferretti. This comes amid efforts to reshape Ferretti's Italian shareholder base and its board. According to a press release, the deal was made through BNK Holding.

Germany's TKMS is looking for investment packages to woo Canada about the $12 billion submarine tender

Posted to Maritime Reporter on January 20, 2026

The CEO of TKMS, a warship builder, said that he is in discussions with 'Norwegian, German and German companies in order to offer a multibillion-dollar investment package to Canada as part of a fiercely competitive'submarine tender. He hopes to beat a competing South Korean bid.

Leonardo Chair rebuts Fincantieri merger remarks

Posted to Maritime Reporter on January 20, 2026

Leonardo's Chairman on Tuesday dismissed his?comments about a possible merger with Italian shipbuilder Fincantieri as a "light-hearted joke". Stefano Pontecorvo, at a business meeting in Milan on Monday, floated the idea that the two state-controlled companies could merge.

In January, diesel exports to Russia from Primorsk could reach a record high.

Posted to Maritime Reporter on January 20, 2026

Data from traders LSEG, and calculations revealed a Tuesday that ultra-low-sulphur-diesel loadings in the Russian 'port of Primorsk could rise by 'about one-third - from December to January and may exceed 2.2 million metric tonnes, due to higher fuel production and a seasonally -weaker demand.

Russia jails U.S. citizens for five years because they carried rifles on yacht

Posted to Maritime Reporter on January 20, 2026

The Russian court service reported that a U.S. national was sentenced to five years' imprisonment for 'crossing the border in possession of a weapon, when he left the United States on a ship to meet a Russian woman whom he had met online. In a statement released on Monday…

Canadian found dead on Australian Beach surrounded by Dingoes

Posted to Maritime Reporter on January 20, 2026

The Australian Police are investigating whether the Canadian tourist who was found dead on a Queensland beach, in the northern part of the state, drowned or was attacked by dingoes. Police said that the 19-year old woman was discovered on Monday…

Hong Kong will call 10 witnesses to the stand in a case involving Baltic Sea cable damage

Posted to Maritime Reporter on January 20, 2026

After a hearing in Hong Kong on Tuesday, the lawyer of the Chinese captain alleged that ten witnesses would be called to testify against him in a criminal?damage case. The Chinese captain is accused of damaging undersea cable in Baltic Sea.

RPT-Chinese importer buys Canadian canola, denting Australian export hopes

Posted to Maritime Reporter on January 19, 2026

Sources in the trade said that a Chinese importer purchased a cargo of Canadian Canola soon after Canadian Prime Minister Mark Carney's trip to Beijing. This could boost prospects for Canadian farmers, and undercut sales by Australia, their rival supplier.

Ocean rescue drama: Sailor injured in RORC Transatlantic Race

Posted to Maritime Reporter on January 19, 2026

The race organizers reported that a crew member on the German yacht Walross 4, was unconscious after an accident occurred deep in the Atlantic Ocean. This led to a coordinated rescue in mid-ocean. The Nissen 56 owned by Berlin's ASV was about 1…

Algeria purchases milling wheat at tender, traders claim

Posted to Maritime Reporter on January 19, 2026

European traders reported that Algeria's state grain agency OAIC had?purchased milling wheat at an?international?tender which?closed?Monday. Initial reports indicated that the cost of a metric tonne, including freight and other charges (c&f), was around $254.

Leonardo Chair floats idea for future merger with Fincantieri

Posted to Maritime Reporter on January 19, 2026

The chairman of Leonardo, an Italian defence and aerospace company, floated the idea on Monday?of a possible future merger between Leonardo and Fincantieri. Stefano Pontecorvo, speaking at a Bocconi University conference in Milan, told an audience that he hopes the two groups can merge one day.

Chinese importer buys Canadian canola, denting Australian export hopes

Posted to Maritime Reporter on January 19, 2026

Sources in the trade said that a Chinese 'importer' bought a cargo Canadian canola soon after Canadian Prime Minister Mark Carney visited Beijing last week. This could boost prospects for Canadian farmers, and undercut sales of rival supplier Australia.

Sources: Chinese importer purchases first Canadian canola cargo after Carney's visit.

Posted to Maritime Reporter on January 19, 2026

Two traders with direct knowledge of the transaction said that a Chinese importer purchased a Panamax cargo of 60,000 metric tonnes of Canadian canola soon after Prime Minister Mark Carney visited Beijing last week. According to traders, the…

Trump's Greenland Threat puts Europe Inc. back in the crosshairs of tariffs

Posted to Maritime Reporter on January 19, 2026

As European companies became accustomed to the hard-won U.S. tariff agreements last year, Donald Trump put them right back in his sights with an "explosive" threat to levy levies against nations who oppose his plan to takeover Greenland. Trump…

Ferretti's Czech Investor KKCG wants to increase stake and overhaul board

Posted to Maritime Reporter on January 19, 2026

Czech investment group 'KKCG' announced on Monday that it would make a voluntary offer of up to 182 millions?euros ($212m)?to increase its stake in Italian Yacht maker Ferretti, and also push for a management change. KKCG has made an offer that values Ferretti at 1.2bn euros…

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