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Wednesday, July 22, 2026

Maritime Blogs Europe

Rheinmetall CEO assesses the next steps for GNYK after TKMS's withdrawal

Posted to Maritime Reporter on 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?

Scottish Power will invest PS1.5 billion in Britain's largest wind farm

Posted to Maritime Reporter on July 22, 2026

Scottish Power, owned by Iberdrola, is investing PS1.5 billion ($2.01billion) to upgrade the old 'turbines' at the Whitelee Windfarm. This will almost double Britain's biggest onshore windfarm. Britain is planning to increase its renewable energy capacity rapidly to help it meet climate targets.

CMA CGM is imposing an emergency surcharge in response to the renewed tensions around Hormuz

Posted to Maritime Reporter on July 22, 2026

CMA CGM will impose a 'fuel surcharge for emergency situations' following the re-escalation of terrorism in the Strait of Hormuz, the French shipping company announced in an announcement posted on its website. Fuel prices have risen sharply…

Refiners are edging out traders to grab a bigger share of Venezuelan oil

Posted to Maritime Reporter on July 21, 2026

Oil-producing and refining firms from the U.S., and other countries, are gaining market shares in Venezuelan crude oil as they sign direct deals with PDVSA. This puts them in competition with global traders who signed 'earlier contracts' with the interim government of President Delcy Rodriguez.

Data shows that Indian refiners are turning to Russia and LatAm oil during the June quarter.

Posted to Maritime Reporter on July 21, 2026

Data from sources shows that India's imports of oil from Russia, Latin America and the Middle East fell in the?April to June quarter due to the restricted flow through the Strait of Hormuz after the?U.S./Israeli attack against Iran. India, which…

Oil prices reach a five-week high due to US-Iran attack and Houthi blockade

Posted to Maritime Reporter on July 21, 2026

Tuesday, oil prices rose by 2% to a five week high. This was due to fears that the Middle East could be hit with more energy disruptions as a result of increased attacks between the U.S. Brent futures climbed $2.12 or 2.4% to $91.34 per barrel at 10:53 am EDT (1453 GMT). U.S.

TKMS, a naval vessel manufacturer, has announced that it no longer wants to buy GNYK

Posted to Maritime Reporter on 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.

Japan reports that a Chinese destroyer conducted a live-fire exercise in the EEZ of Japan, which included launching grenades.

Posted to Maritime Reporter on July 20, 2026

The Joint Staff of Japan reported that a Chinese destroyer was conducting live-fire exercises in the?waters to the southwest of Japan's remote?Island Okinotori early Sunday morning, while operating with Russian naval vessels. Japan's Maritime…

New Delhi reports four Indians killed by attack on ship leaving Ukraine Odesa

Posted to Maritime Reporter on July 20, 2026

India's foreign ministry released a statement late on Monday confirming that an attack on a ship leaving a southern Ukrainian port of Odesa had killed four Indians. Another was in a critical condition in the hospital. Russia hit the Golden Leo…

Fincantieri, an Italian company, will build three frigates for Portugal

Posted to Maritime Reporter on 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…

ROI-Forget crude. Bousso: War drives refiners near the edge.

Posted to Maritime Reporter on July 20, 2026

Warning signs are flashing in the global oil refinery industry. As conflicts in the Middle East, Russia and other energy markets ripple across the globe, the supply chain of products that fuel the global economy is increasingly stressed. Benchmark…

Russian attack on corn vessel off Ukraine's Odesa killed 10

Posted to Maritime Reporter on July 20, 2026

Officials in Ukraine said that a Russian missile attack on a ship carrying corn near the southern Ukrainian port of Odesa has killed 10 people. This is the deadliest incident in a recent escalation of violence on the Black Sea. Russia hit the…

Five killed in Russian attack on cargo ship at Black Sea, Kyiv reports

Posted to Maritime Reporter on July 19, 2026

Russian forces attacked an international cargo ship?in a Black Sea near?the southern Ukrainian city of Odesa on Sunday, killing at least a crew of?five, Ukrainian officials?said. The Guinea-Bissau-flagged ship had left port loaded with corn and was carrying a crew of 17 sailors from India and Syria…

CPC: Caspian Pipeline Consortium suspends oil loadings after drone attacks on tanks

Posted to Maritime Reporter on July 19, 2026

CPC said on Sunday that two oil tankers had been?attacked off the coast of Russia's Black Sea, adding that?oil loads were suspended. CPC reported that the ASIA and NISSOS-IOS tankers had been attacked during loading operations. CPC said that the ASIA tanker was attacked during loading operations.

CPC's oil-terminal infrastructure is operating normally following drone attack in the Black Sea

Posted to Maritime Reporter on July 18, 2026

Kazakhstan's Energy Ministry said that the infrastructure of the Caspian Pipeline Consortium (CPC) Terminal off Russia's Black Sea coast is 'operating normally'. This comes after a drone attacked an oil tanker and caused damage on Friday. The technological infrastructure is operating normally.

Venice prepares for protests when U.S. Ambassador Fertitta arrives in a superyacht

Posted to Maritime Reporter on July 17, 2026

U.S. The U.S. Ambassador to Italy Tilman Ferritta arrived on his superyacht in the lagoon of Venice, attracting protests against the policies of President Donald Trump and increased security. Fertitta is a 'billionaire entrepreneur' appointed by Trump.

Vietnam's Cai Mep terminal begins gas delivery to Phu My Power Complex?

Posted to Maritime Reporter on July 17, 2026

The company said in a?statement?on?Friday that the Cai Mep terminal in Vietnam, owned by Atlantic Gulf & Pacific LNG (AG&P LNG), had begun supplying?regasified liquefied?natural gas to the largest gas-fired?generation?complex of the country. The Singapore-based AG&P LNG unit, a U.S.

GRAINS-Wheat eases following rally on Black Sea tensions, corn and soy decline

Posted to Maritime Reporter on July 16, 2026

Chicago wheat futures fell on 'Thursday, due to profit-taking, chart-based sales, and a lack of signs of cooling in hostilities with Russia and Ukraine. This fueled 'worries over exports by the major global wheat suppliers. Corn futures declined on a round of profit-taking and chart-based selling…

After the Black Sea attacks, EU grain exporters may see an increase in demand

Posted to Maritime Reporter on July 16, 2026

Analyst and traders said that European Union countries may see a greater demand for grain exports if the attacks on Black Sea ports and ships disrupt Russian or Ukrainian sales. The price of wheat has risen this week. U.S. futures have reached two-year-highs, and Euronext Wheat is at 17-month-highs.

IGC reduces corn crop forecast following European heatwaves

Posted to Maritime Reporter on July 16, 2026

The International Grains Council said that it has lowered its forecasts for global corn production in 2026/27 due to recent heatwaves in Europe. In a monthly update the?intergovernmental organization cut its global corn crop projection for 2026/27 by 4 million tons, to 1.306 bn tons.

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