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UK and Australia strengthen AUKUS sub-pact through 50-year agreement

Posted to Maritime Reporter on July 24, 2025

The UK announced on Thursday that it will deepen the AUKUS nuclear sub partnership with Australia by signing a 50-year agreement. It expects this to boost British exports and create jobs. Australia, Britain and U.S. signed the AUKUS agreement in 2021.

After the latest round of peace negotiations, Ukraine and Russia launch drone attacks

Posted to Maritime Reporter on July 23, 2025

Officials from both sides confirmed that Ukraine and Russia carried out drone attacks against each other on Thursday morning, just hours after the conclusion of the most recent round of direct negotiations aimed at finding an end to the war, which has lasted nearly three years and a half.

Russia launches major naval drills on the Pacific, Arctic and Baltic Seas

Posted to Maritime Reporter on July 23, 2025

The defence ministry announced that Russia began large-scale naval drills on Wednesday, involving over 150 vessels and 15 000 military personnel. These drills will take place in the Pacific and Arctic Oceans as well as the Baltic and Caspian Seas.

Sources: Second tanker skips fuel lift from Nayara sanctions-hit

Posted to Maritime Reporter on July 23, 2025

According to three sources in the industry and LSEG's ship tracking data, a tanker won't load fuel as planned from India’s Nayara Energy Refinery, which is under sanctions. This vessel will be the second to alter its plans after the European Union restrictions.

US lawmakers back Australia submarine project in Pentagon letter

Posted to Maritime Reporter on July 22, 2025

The Republican and Democratic leaders of the U.S. Congress committee for strategic competition against China wrote to Defense Secretary Pete Hegseth in order to express their strong support for AUKUS, a submarine project that is currently being reviewed by the Pentagon.

UK court: Mike Lynch's estate owes HP over $940 million to an ex-business partner

Posted to Maritime Reporter on July 22, 2025

Hewlett Packard owes more than 700 millions pounds ($944million) to the estates of Mike Lynch, the late business partner of Lynch's and their former business partners over the acquisition of Autonomy by Hewlett Packard. This was revealed on Tuesday by a London High Court judge.

Fastnet celebrates its 100th anniversary with a global armada of yacht racing enthusiasts.

Posted to Maritime Reporter on July 21, 2025

On Saturday, the world's biggest offshore yacht race celebrates its 100th anniversary. A record-breaking 450 yachts representing 26 nations will line up in Cowes, on Britain's Isle of Wight. The race is a unique opportunity to see the latest…

Italian officials will face trial for fatal Cutro migrant boatwreck

Posted to Maritime Reporter on July 21, 2025

A media report said that an Italian judge ordered on Monday six police officers and coastguards to face trial for mishandling of operations during the 2023 migrant shipwreck near Cutro, which killed over 90 people. A wooden sailboat, which had set off from Turkey…

UK sanctions target 135 Russian tankers from the shadow fleet

Posted to Maritime Reporter on July 21, 2025

The UK imposed new sanctions Monday on Russia's "shadow fleet", which includes 135 oil tanks, as well as two Russian companies: shipping company Intershipping Services LLC, and oil trader Litasco Middle East DMCC. The British government says…

Burling, a Kiwi, wins SailGP in a showdown with British sailors

Posted to Maritime Reporter on July 20, 2025

Peter Burling's New Zealand crew gatecrashed what was supposed to be a triumphant celebration at home, beating Dylan Fletcher’s British team in an exciting final of the Emirates Great Britain Sail Grand Prix. The Kiwis spoilt the party in the…

SailGP opens with a roaring crowd in Portsmouth as British crews dominate the race

Posted to Maritime Reporter on July 19, 2025

After a dominant opening day in England's South Coast, Emirates GBR skipper Dylan Fletcher gave a masterclass of speed and consistency to propel his team to the SailGP top leaderboard. Fletcher’s crew was the winner of the first race in Portsmouth and never looked back…

Australia is confident that all issues raised by the US in its review of the submarine project will be resolved

Posted to Maritime Reporter on July 18, 2025

Australia's Ambassador to Washington, who spoke on Friday, said that his country was working with the Pentagon in order to review the U.S. Defense Department project for the AUKUS sub and is confident all issues will be resolved. Kevin Rudd…

Sources say Fincantieri is set to hire Telecom Italia's cybersecurity chief to lead its defence unit

Posted to Maritime Reporter on July 18, 2025

Two sources with knowledge of the matter have confirmed that Fincantieri, an Italian company, is set to hire Eugenio Santagata to lead its defence division. He was previously a top executive in Telecom Italia’s cybersecurity unit Telsy and a former military official.

France will face another difficult wheat export year, despite a better crop

Posted to Maritime Reporter on July 18, 2025

France may struggle to sell the much larger wheat crop it expects to produce this year, as its export options have been reduced due to a decrease in demand from Algeria and China. Also, Black Sea grain is cheaper. France could stockpile large amounts of wheat…

SailGP opens new cutting-edge facility for championship growth

Posted to Maritime Reporter on July 17, 2025

SailGP unveiled on Thursday its new innovation centre, worth $10 million in Southampton. The centre is home to more than 100 boat building experts with a mission of supercharging the fastest sailing championship. The SailGP Technologies facility…

Study shows that high interest rates in Russia may prompt a surge in distressed asset M&A.

Posted to Maritime Reporter on July 16, 2025

A study by top law firms found that high interest rates may encourage mergers and acquisitions in Russia, even though Western sanctions and a lack of liquidity among buyers will likely limit growth for the time being. The study found that the…

Angola finds offshore gas in its first gas-specific exploration hole

Posted to Maritime Reporter on July 12, 2025

Azule Energy in Angola is a joint venture between BP, Eni and a consortium of local oil and gas companies. It discovered gas during its first exploration well for gas off the coast, according to the national agency ANGP late Friday. The Gajajeira-01…

Brazilian oil may find new markets in the face Trump's tariffs

Posted to Maritime Reporter on July 10, 2025

Experts say that Brazil's oil will remain competitive on the international market even if President Donald Trump's 50% tariff is implemented on August 1. The main Brazilian export to the U.S. is oil. This product was previously exempted from…

The European Commission proposes a floating Russian oil price cap

Posted to Maritime Reporter on July 10, 2025

Four EU diplomats say that the European Commission will likely propose a floating Russian crude oil price cap as part of a draft new sanctions package this week in an effort to overcome the opposition of some member states. In its 18th package of sanction against Russia…

After a decline in wheat sales, Russia takes measures to boost agricultural exports

Posted to Maritime Reporter on July 10, 2025

After international wheat sales fell to their lowest levels since 2008, the Russian government has ordered measures to boost agricultural exports. Meanwhile, traders report that new crops are slow to arrive at Black Sea terminals. Sovecon estimates that July wheat exports will be between 2…

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