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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)…
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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'…
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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.
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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.
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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…
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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.
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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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February 11, 2026
German submarine manufacturer TKMS announced a record-breaking $22 billion backlog of orders on Wednesday. They also raised their 2026 sales forecast, citing a surge in demand for warships during a period of increasing geopolitical tensions.
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February 10, 2026
Creative director Marco Balich said that the opening ceremony for the Milano Cortina Winter Olympics in Italy was a complex show, staged at four different locations. Its length could be attributed to the exuberance and fervor of the athletes.
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February 4, 2026
Wartsila, the Finnish engineering company, missed its fourth-quarter order forecasts on Tuesday due to U.S. tariffs on batteries and increased competition in their energy storage business. Even though CEO Hakan AGnevall said that there were…
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January 30, 2026
Taiwan completed its first underwater sea test for its domestically developed sub on 'Thursday. This is a major milestone in a program aimed at strengthening the deterrence against the Chinese navy, and protecting important sea lanes if war breaks out.
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January 29, 2026
Royal Caribbean forecasted annual profits above Wall Street estimates on Thursday. The company is betting that wealthy travelers will continue to book its cruises and pay higher fares, as well as spend more money onboard. The company's shares have risen 8% during pre-market trading.
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January 29, 2026
The French shipping company CMA CGM has partnered with U.S. investment group Stonepeak to form a joint-venture valued at almost $10 billion. This venture will 'operate and develop port terminals in the United States, among others,' the companies announced on Wednesday.
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January 29, 2026
The German budget committee approved a pre-contract to buy?MEKO A200 class frigates on Wednesday. According to two members of the committee, TKMS will pay?50 millions euros ($59.70million) for these frigates. The budget committee approved an…
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January 27, 2026
China's Industry Ministry announced on Tuesday that China and Denmark had renewed their agreement to cooperate in green maritime technologies and?shipbuilding. The ministry also reaffirmed a "long-term partnership" in this sector. The renewed agreement comes amid heightened tensions between Denmark…
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January 25, 2026
South Korean Presidential Chief of Staff Kang Hoon -sik announced on Monday that he would be heading to Canada with Hyundai Motor executives and representatives of shipbuilders Hanwha & HD Hyundai Heavy Industries in order to secure a major subcontract.
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January 23, 2026
Armin Papperger, CEO of Rheinmetall, said that the company is considering further acquisitions within the naval sector. In September, Rheinmetall agreed to buy the warship division from German shipbuilder Luerssen at a price of 1.35 billion euro ($1.57 billion).
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January 22, 2026
Hanwha Group, a South Korean conglomerate, aims to create 'at least 200,000 jobs' in Canada by 2040, through cooperation between various sectors, including shipbuilding. The company is competing for a highly contested subcontract. Hanwha will…
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January 22, 2026
According to sources familiar with this project, the German military is preparing a purchase of at least three MEKO A200 class frigates from German shipbuilder TKMS. Each of these ships will cost around $1.17 billion. Sources said that a 'preliminary…
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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.
