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September 8, 2026
A company executive stated on Tuesday that Kuwait Petroleum Corporation is interested in buying more ships and improving its supply chain. "In 'KPC, we have our own fleet which we manage... We are on the market to purchase more ships," said…
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August 30, 2026
Turkish Cypriot Media reported that one person died when a boat capsized with 270 people aboard off North Cyprus Sunday. Erhan Arikli, Turkish Cypriot Transport Minister, told Anadolu one person died when the ferry capsized. Erhan Arikli said that there were 267 passengers on board.
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August 27, 2026
According to Yonhap News Agency, the HD Hyundai Heavy Industries Union has secured its legal right to strike after its members approved industrial action during a three-day vote that took place between August 25 and 27. The union reported that 5…
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August 24, 2026
Canadian Prime Minister Mark Carney said on Monday that the federal government will invest more than C$11 Billion ($7.95 Billion) in the construction of six new icebreakers to the Canadian Coast Guard. Carney, speaking in Levis, Quebec said…
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August 24, 2026
Saudi Arabia's stock exchange led gains among major Gulf bourses - in early trading on Monday. Information technology, banking, and materials shares advanced - as investors continued the rally from the previous session despite lower oil prices.
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August 21, 2026
A tanker that was under sanctions by the U.S. The latest victim of Somali pirates, who are resurgent after a spate of attacks on oil tankers under?U.S. sanctions for allegedly transporting Iranian petroleum products? was boarded and diverted to Somalia off the coasts of Yemen.
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August 20, 2026
Early trading on Thursday saw most Gulf stock exchanges higher as 'firmer oil prices' provided support, even though uncertainty about U.S.-Iran peace talks continued weighing on sentiment. Brent crude traded at $92.90 per barrel as of 0632 GMT, up 1.5%. Oil prices are a major driver for Gulf stocks.
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August 20, 2026
The UAE stock market fell on Wednesday morning after it said that two 'ballistic missiles' were launched by Iran. Other Gulf bourses also fell a little, as Washington claimed there had been no talks between Washington and Tehran to halt hostilities.
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August 19, 2026
The Gulf's stock markets were subdued during early trading on Tuesday, as investors remained cautious due to the escalating tensions between the United States and Iran. However, higher oil prices boosted energy stocks in Saudi Arabia. Donald Trump, the U.S.
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August 17, 2026
Stocks of Italy's Fincantieri and South Korea's Hanwha Group rose on Friday after President Donald Trump issued a directive opening up U.S. Navy Shipbuilding to overseas yards. These companies are the ones with the biggest footprints in U.S. shipyards.
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August 15, 2026
LSEG data revealed that the 'Konstantin Posiet', Russia's second ice-class ship for transporting liquefied gas, departed Bolshoy Kamen Bay - Primorsky Krai - and set a course along the Northern Sea Route. The tanker is another step for Russia…
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August 12, 2026
TKMS, a warship manufacturer, raised its outlook on Wednesday for the second time in six months. It expects higher demand for surface vessels like frigates and for sensors and minesweeping technology. TKMS is one of the'main beneficiaries' of…
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August 11, 2026
A spokesperson for the ministry said that the Spanish Defence Ministry would approve the plans of the state-owned Chinese automaker SAIC to build a factory in the region of Galicia, despite concerns about the 'proximity' to a naval base. SAIC…
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August 10, 2026
A military newspaper reported that Vietnam had begun building what they referred to as the largest and most advanced anti-submarine ship in the country. Quan Doi Nhan Dan, a newspaper owned by the defence ministry, reported late on Monday that the vessel is being built at the Song Thu Shipyard…
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August 10, 2026
U.S. officials said Monday that they were working closely with foreigners to identify gaps in the U.S. supply chain and help small and medium-sized companies'scale up' to meet increasing demand. Assistant Secretary of Treasury Chris Pilkerton…
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July 22, 2026
Armin Papperger, the Chief Executive Officer of Rheinmetall, said that it has not yet decided whether or not to 'proceed' with an acquisition of German -Naval Yards Kiel after Thyssenkrupp TKMS withdrew. Papperger said to? Papperger told?that Rheinmetall had only made a?non-binding offer?
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July 21, 2026
German Warship -Builder TKMS announced on Tuesday that it is no longer interested in acquiring the smaller German Naval Yards (GNYK), also known as GNYK. Rheinmetall, a German defence group, is the only bidder in the running to buy the shipbuilder.
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July 20, 2026
Italy's Prime Minster Giorgia meloni announced on Monday that Portugal has decided to purchase three frigates from Italian shipbuilder Fincantieri. She hailed the 'deal' as a boost for Europe’s defence industry. FREMM fregates are multi-purpose…
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July 15, 2026
The European Union and Ukraine have signed a "drone agreement" to create joint projects, increase production and combine the?Kyiv expertise with EU industrial capabilities. This was announced by European Commission President Ursula von der Leyen on Wednesday.
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July 10, 2026
Sources familiar with the situation say that South Korean shipbuilder Hanwha Ocean has sold around $2 billion in the dollar-won market. Hanwha Ocean did not have a comment to make at the time of this writing. Source declined to be named due to the sensitive nature of?the issue.
