Posted to Maritime Reporter
on
December 5, 2025
The Norwegian defence ministry announced on Friday that it plans to purchase two additional submarines and some long-range cannons from Germany. This will be at a higher price than previously due to the high demand for military gear. The order…
Posted to Maritime Reporter
on
November 26, 2025
Poland announced on Wednesday that it had selected Sweden to provide it with three subs. The multi-billion dollar deal is a crucial element in Warsaw's effort to strengthen its defenses in the Baltic Sea. Warsaw is increasing its investments…
Posted to Maritime Reporter
on
November 21, 2025
The European Defence shares dropped to their lowest level since late August, halting their strong run in this year. This was after Ukrainian President Volodymyr Zelenskiy stated that he is ready to work "honestly" on a U.S. backed plan to end Russia's war.
Posted to Maritime Reporter
on
November 20, 2025
The Italian shipbuilder Fincantieri will join Italy's blue chip stock index, FTSE MIB, for the first month next year, traders reported on Thursday. This move would strengthen the influence of defence amid a global rally fueled by geopolitical tensions.
Posted to Maritime Reporter
on
November 12, 2025
The Italian shipbuilder Fincantieri announced on Wednesday that its core profit for the nine months ended September grew by 40%, largely due to growth across all its business segments. The group's revenue for its defence unit increased 39% year…
Posted to Maritime Reporter
on
November 7, 2025
On Friday, U.S. Secretary Pete Hegseth will unveil major changes in the way the Pentagon buys weapons. This will allow the military to acquire technology more quickly as global threats grow. Hegseth will address industry leaders, military officers…
Posted to Maritime Reporter
on
November 6, 2025
Philly Shipyard, owned by South Korea in the United States, does not have the capacity to build ships at the moment. Kim Min-seok, the Prime Minister of South Korea, said this on Thursday at a hearing in parliament. Donald Trump, the U.S. president, wrote on Twitter last week about his remarks.
Posted to Maritime Reporter
on
October 16, 2025
The Chinese sanctions on U.S. Hanwha Ocean affiliates this week are intended to undermine South Korea's cooperation with the United States and "to force" Washington's Asian allies, according to a spokesperson for the U.S. State Department on Friday.
Posted to Maritime Reporter
on
October 9, 2025
U.S. president Donald Trump and his Finnish counterpart Alexander Stubb signed an agreement Thursday that will allow the U.S. Coast Guard up to eleven icebreakers to enhance U.S. security in the Arctic. Trump and Stubb established friendly relations since Trump gained power in January.
Posted to Maritime Reporter
on
October 23, 2025
Fincantieri, an Italian shipbuilder, unveiled on Thursday its first underwater drone systems as it changes its product mix in order to give more space for the lucrative submarine business. Underwater drones are designed to protect and maintain critical underwater infrastructure…
Posted to Maritime Reporter
on
October 20, 2025
Thyssenkrupp's CEO confirmed that the German conglomerate is in "intensive" talks with Jindal Steel International about the Indian group’s interest in the steel business. He called it a "good collaboration", but warned that the discussions might take some time.
Posted to Maritime Reporter
on
October 20, 2025
TKMS, a shipbuilder, began trading on the stock market at 60 euros ($69.95), valuing it higher than expected, with a valuation of 3.8bn euros. This is due to a boom in global defence. The listing is part of a strategy by German parent Thyssenkrupp…
Posted to Maritime Reporter
on
October 20, 2025
TKMS, a German shipbuilder, will debut on the Frankfurt stock exchange Monday. This is part of a larger plan by Thyssenkrupp's parent company to streamline its structure in order to take advantage of the growing global demand for defence assets.
Posted to Maritime Reporter
on
October 2, 2025
Two people with knowledge of the matter have confirmed that Thyssenkrupp plans to spin off its defence division TKMS on October 20, in a deal analysts estimate could be worth up to 2.7 billion euro ($3.2 billion). In August, the company said…
Posted to Maritime Reporter
on
October 2, 2025
Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The France-based firm reported a Q3 rental revenue of 52.9 million Euros. The shareholders of the Belgian energy company asked for a vote to be taken on a dividend intermediary.
Posted to Maritime Reporter
on
September 23, 2025
Seatrium Limited, a Singapore-based company, announced on Tuesday that it had reached an agreement to sell the "surplus" AmFELS Yard Shipbuilding Facility in Texas to Karpowership. The price is $50.67million. AmFELS Yard in Brownsville builds…
Posted to Maritime Reporter
on
September 15, 2025
Rheinmetall announced late Sunday that it had reached an agreement with Luerssen Group to purchase the military division of Luerssen Group, NVL. The German defence group is looking to expand its European operations. Rheinmetall's move, which is the largest ammunition manufacturer in Europe…
Posted to Maritime Reporter
on
September 14, 2025
Rheinmetall, a German defence group, announced on Sunday that it had signed an agreement with Luerssen Group for the acquisition of Naval Vessels Luerssen's military division. The move was intended to expand into naval shipbuilding. It said…
Posted to Maritime Reporter
on
August 27, 2025
Bild, citing sources in the industry, reported Wednesday that Rheinmetall, a defence group, wants to buy German shipbuilder Naval Vessels Luerssen. Bild reports that the Luerssen family who owns the shipbuilder plan to divest their military shipyards located in Hamburg…
Posted to Maritime Reporter
on
August 27, 2025
Bild, citing sources in the industry, reported Wednesday that Rheinmetall, a defence group, wants to buy German shipbuilder Naval Vessels Luerssen. The CEO of Rheinmetall said that it was in discussions with partners to invest in the Naval Business…
