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Saturday, April 25, 2026

Maritime Blogs Published Shipbuilding

India and South Korea to push for $50 billion in trade with new agreements

Posted to Maritime Reporter on April 20, 2026

India and South Korea announced on Monday they will expand their economic ties through a?expansion of cooperation in energy and critical minerals as well as shipbuilding, semiconductors and steel. They aim to double their trade by 2030. New…

South Korea's Lee will seek a big boost in economic relations in a summit with India's Modi

Posted to Maritime Reporter on April 19, 2026

On Monday, South Korean President Lee Jae Myung will meet with Indian Prime Minister Narendra Modi at New Delhi, to discuss a boost in economic co-operation, especially in shipbuilding. This is the first visit of a South Korean president to India in 8 years.

Australia and Japan sign contracts for $7 billion warships deal

Posted to Maritime Reporter on April 18, 2026

Japan and Australia signed contracts Saturday, launching a landmark A$10 Billion ($7 Billion) -deal to supply Australia warships. This is Tokyo's most consequential military sale since ending the?military trade ban in 2014. Marles stated that the Defence Ministers Richard Marles…

The Iran War exposes the weakness of Britain's military

Posted to Maritime Reporter on April 16, 2026

After years of warnings by military chiefs that the UK's capabilities were shrinking, the Iran war left Britain's armed services exposed. This put pressure on Keir starmer, Prime Minister, to make good on his promise to invest in defence. After…

Zelenskiy offers Ukraine maritime expertise in Strait of Hormuz

Posted to Maritime Reporter on April 2, 2026

Volodymyr Zelenskiy, President of Ukraine, offered on Thursday to share Ukraine's?expertise regarding freedom of navigation?inthe Black Sea with countries that are considering ways to?keep?the Strait?of Hormuz?open amid?conflict?inthe Middle East.

Gulf markets fall amid Middle East conflict escalation; Saudi edge higher

Posted to Maritime Reporter on March 30, 2026

The Gulf stock markets fell in early trading on Monday after Yemen's Houthis attacked Israel?overnight, further escalating U.S. and Israel conflict with Iran -and its proxies - in the Middle East. Donald Trump, the U.S. president, said that…

Norway increases its long-term defense plan by $12 billion

Posted to Maritime Reporter on March 27, 2026

The government announced on Friday that Norway will increase its defence expenditures by 115 billion crowns (about 11.87 billion dollars) between now and 2036 to compensate for the rising costs of military equipment. According to the government…

Fincantieri, the shipbuilder, confirms its outlook for 2025 as profits soar.

Posted to Maritime Reporter on March 25, 2026

The underwater business segment, which saw an 88% increase in revenue, was the main driver of this?fourfold? jump. The shares of the Trieste-based firm rose up to 7.5% after the results. State-controlled shipbuilder reiterated their 2026 'targets' for revenue between 9.2 and 9.3 billion euro…

Sources: Primorsk remains closed after drone attacks despite Ust-Luga restarting oil exports

Posted to Maritime Reporter on March 23, 2026

Three sources familiar with this matter claim that the oil loadings at Russia's Baltic Sea Port?of Ust-Luga recommenced?on Monday after an alert for drone attacks was lifted. Primorsk, however, remained closed following aerial strikes. According to two industry sources…

Gabler shares drop below the offer price at Frankfurt debut

Posted to Maritime Reporter on March 9, 2026

Gabler Group shares fell below the?offer?price? in a debut at the Frankfurt Stock Exchange on Monday after rising earlier in the day. The shares fell below the 44 euro offer price at 1349 GMT after reaching 49.1 earlier in the day. At its final price, the company valued itself at 266 millions euros.

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on March 6, 2026

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. BANIJAY GROUP N.V. Dutch content production and distribution company Banijay Group announced a full-year revenue totaling 4.88…

Bloomberg News reports that Thoma Bravo is close to a deal with WWEX for a $12 billion shipping technology firm.

Posted to Maritime Reporter on March 2, 2026

Bloomberg News reported that U.S. private equity firm Thoma Bravo is in advanced talks to purchase third-party logistics provider WWEX Group. This would create a shipping tech business worth up to $12 billion. The report said that the buyout…

Japan imports rare earths from China fell 5.7% year-on-year in January

Posted to Maritime Reporter on February 26, 2026

According to calculations by 'Mizuho Research & Technologies', based upon a report from the Ministry of Finance, Japanese imports of China rare earths fell 5.7% in January compared to a year ago. It wasn't immediately clear if the decline in…

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)…

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.

China restricts the export of 20 Japanese companies to stop'remilitarisation.

Posted to Maritime Reporter on February 24, 2026

China has banned the export of dual use items to 20 'Japanese companies that supply Japan military', announced the Commerce Ministry on Tuesday. This is the latest in a series of disputes between Beijing and Tokyo. China uses its influence over supply chains to increase pressure on 'Tokyo'…

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.

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.

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…

Fincantieri, Italy, partners with Generative Bionics for a humanoid robot to weld.

Posted to Maritime Reporter on February 12, 2026

Italian shipbuilder Fincantieri announced a partnership on Wednesday with the 'deep-tech company, 'Generative Bionics' to develop a humanoid robot that will work alongside its workers in shipyards. Fincantieri’s shipyard in Genoa, Italy, will begin testing the robot by 2026.

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