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Ukraine's drone attack fleet is facing a shortage of mini jet engines

Posted to Maritime Reporter on April 7, 2026

Specialized mini-jet engine manufacturers across Europe are increasing production and investing to avoid a supply shortage which threatens to halt?Ukraine?s rapid deep strike drone programme, at a crucial stage of the war against Russia. Mini…

Denmark talks to Ukrainian drone manufacturer Skyfall about hosting production

Posted to Maritime Reporter on February 24, 2026

The Danish defence ministry announced on Tuesday that Ukrainian drone manufacturer 'Skyfall' is in discussions with the country about becoming the'second defence firm from the war-torn nation to set up production on Danish soil. The firm stated…

Andy Home: The surge in exports from China is a sign that the global metals market is in turmoil.

Posted to Maritime Reporter on January 31, 2026

China's net copper imports last year fell to the lowest level since 2017. They totaled 3.03 million metric tonnes. Exports grew dramatically, despite a drop in inbound shipments of only 5% compared to 2024. The largest copper buyer in the world shipped almost 800,000 tonnes.

Bousso

Posted to Maritime Reporter on January 29, 2026

The vast European natural gas storage network will exit winter with its lowest level for years. Yet, market prices show a complacency that is at odds with the immense challenge faced by traders in replenishing their inventories. Since the Russian invasion of Ukraine…

Bousso: The offshore wind pact between Europe and the US is a hedge to US gas dependence.

Posted to Maritime Reporter on January 27, 2026

The European Union has agreed to develop a massive offshore wind network. This is a major step forward in the region’s efforts to reduce its dependency on U.S. gas imports while also tackling rising costs for renewable energy. On Monday, at the North Sea Summit…

Chinese freighter cuts EU delivery time in half on first Arctic voyage to UK

Posted to Maritime Reporter on October 14, 2025

State-run news agency Xinhua reports that a Chinese container ship completed a pioneering voyage through the Arctic and into a UK port. This journey cut in half the transit time of the electric vehicles aboard the ship, as well as the solar panels, which were destined for Europe.

Oil trader 2Rivers, formerly Coral Energy, begins dissolution process

Posted to Maritime Reporter on August 6, 2025

The company announced on Wednesday that the Dubai-based oil trading firm 2Rivers (formerly Coral Energy) has begun the formal dissolution process following the sanctions imposed by Britain and the European Union. The company said it took the decision with great regret…

Oil trader 2Rivers (formerly Coral Energy) stops trading

Posted to Maritime Reporter on June 19, 2025

The company announced on Thursday that the Dubai-based oil trading firm 2Rivers (formerly Coral Energy) has stopped its trading activities due to UK sanctions. Western powers have imposed sanction on Russia's traders and fleet, accusing them…

Dutch shipbuilder Damen is accused of corruption and violating sanctions by prosecutors

Posted to Maritime Reporter on April 25, 2025

The Dutch prosecutor said that they summoned Damen Shipyards, a shipbuilder in the Netherlands, on suspicion of violating EU Sanctions against Russia. They also opened a separate corruption case against Damen Shipyards and its top executives. The company denied the accusations.

Euronext is cautious about new contracts but proud of its core agricultural contracts

Posted to Maritime Reporter on April 1, 2025

Euronext wants to continue building on the record-breaking volumes of its main crop futures last year by attracting non-European participants like wheat importers from the Middle East. In an interview, Camille Beudin of Euronext, the head of diversified service and in charge of commodities…