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Ares and Mbappe, Madrid rivals, join forces in SailGP to ride the same wave

Posted to Maritime Reporter on June 18, 2025

Ares Management, the Wall Street investment giant, has entered into a partnership with Real Madrid's Kylian Mbappe. The two have acquired a minor stake in France SailGP Team - where old rivals find themselves suddenly in the same boat. The $546 billion asset management company…

Taiwan completes the first sea trials for a domestically-made submarine in defense milestone

Posted to Maritime Reporter on June 17, 2025

Taiwan has completed its maiden sea test for its first submarine developed domestically on Tuesday. This is a major milestone in a project that aims to strengthen deterrence and protect vital sea routes in case of war. Taiwan, which China claims…

Taiwan seals a deal with Ukraine to test drones and combat software in order to deter China

Posted to Maritime Reporter on June 17, 2025

Taiwan signed a partnership agreement on Tuesday with U.S.-based Auterion and German-based Auterion to provide drone software that has been tested in Ukraine. The deal will help Taiwan strengthen its defences against the growing military threat from China, which is a giant neighbor.

Ocean Race anchors at Itajai with two stopsovers again

Posted to Maritime Reporter on June 16, 2025

Ocean racing fans will be happy to hear that Itajai, Brazil's port for the Southern Ocean Leg finish in 2027 and 2030 has been confirmed by The Ocean Race. Santa Catarina's coastal hotspot has become a favourite stopover on the route around the world…

Nantes name former Dunkerque coach Castro as new manager

Posted to Maritime Reporter on June 16, 2025

The Ligue 1 club announced on Monday that Luis Castro has been appointed as the new manager of Nantes. He signed a contract for two years with an additional year option, having gained a reputation at the second-tier Dunkerque. Castro has managed Ligue 2 club Dunkerque the last two seasons.

Paris wheat prices fall despite Algerian bid in tough export competition

Posted to Maritime Reporter on June 16, 2025

Euronext wheat dropped on Monday, approaching contract lows. Market attention was shifted from the military escalation taking place in the Middle East to the tough competition for exports and the large harvests expected in the Northern Hemisphere.

Paris wheat prices fall despite Algerian bid in tough export competition

Posted to Maritime Reporter on June 16, 2025

Euronext wheat dropped on Monday, approaching contract lows. Market attention was shifted from the military escalation taking place in the Middle East to the tough competition for exports and the large harvests expected in the Northern Hemisphere.

Powerboat racing: DJ Aoki's Team wins in Dubrovnik, while Lebron takes the first E1 podium

Posted to Maritime Reporter on June 16, 2025

The electric raceboat team of DJ Steve Aoki won the Adriatic at the weekend. It was their second victory this season, and they surpassed Rafa's outfit to take the E1 Championship standings. Aoki Racing Team 2025 has added former Formula 1 test driver Dani Clos to its team.

The majority of G7 countries are ready to lower the Russian oil price cap even without US

Posted to Maritime Reporter on June 12, 2025

Four sources with knowledge of the situation said that most countries in the Group of Seven are willing to lower the G7 cap on Russian oil if the U.S. president Donald Trump opts out. The G7 leaders will meet in Canada on June 15-17 to discuss the price caps first agreed upon in late 2022.

The majority of G7 countries are ready to lower the Russian oil price cap even without US

Posted to Maritime Reporter on June 12, 2025

Four sources with knowledge of the situation said that most countries in the Group of Seven are willing to lower the G7 cap on Russian oil if the U.S. president Donald Trump opts out. The G7 leaders will meet in Canada on June 15-17 to discuss the price caps first agreed upon in late 2022.

Britain understands the need for U.S. to review AUKUS sub-pact

Posted to Maritime Reporter on June 12, 2025

The UK said that it fully understood the decision of the U.S. administration under Donald Trump to review the AUKUS sub-pact. London reiterated its position that this project is crucial for peace and security. The United States, Australia, and…

Ocean scientists and racing sailors will work together in European waters

Posted to Maritime Reporter on June 12, 2025

Organisers say that every yacht participating in the Ocean Race Europe this summer will also serve as a floating lab, collecting vital ocean data while crews race between seven iconic European port cities. During the offshore competition, which runs from August 10 through September 20…

Trump administration reviews Biden's submarine pact between Australia and UK

Posted to Maritime Reporter on June 11, 2025

A U.S. official revealed that the Trump administration is reviewing a defense agreement worth hundreds of millions of dollars signed by former president Joe Biden with Australia and Britain, which allowed Australia to purchase conventionally-armed nuclear submarines.

The Admiral's Cup is set to resume in two years, and the inclusion rule has stirred up the fleet.

Posted to Maritime Reporter on June 11, 2025

The Admiral's Cup will sail again next month, after a 22 year absence. Each competing yacht must have at least one female crew member. This requirement has caused both excitement and discomfort amongst the sailors who are meant to be promoted by it. "Honestly... My first reaction was an eye roll.

Nadal's team is leading the charge on Adriatic waves from clay to spray

Posted to Maritime Reporter on June 10, 2025

Rafa Nadal is adjusting to life after tennis. He has put down his racquets and spent time surfing the Adriatic. His Team Rafa will be competing in Dubrovnik's E1 World Championship for electric powerboat racing. The Spanish racing team, which won the Doha round last time…

UK spends more than $8 Billion on Submarine Building Capacity

Posted to Maritime Reporter on June 9, 2025

Finance Minister Rachel Reeves will announce Tuesday that Britain is investing over eight billion pounds in its submarine-building capacity. This investment will support firms such as defence group BAE Systems, and engineering multinational Rolls-Royce.

Kremlin official: Putin approves major revamp of Russia’s navy

Posted to Maritime Reporter on June 9, 2025

In an interview published Monday, Kremlin assistant Nikolai Patrushev revealed that Russian President Vladimir Putin had approved a new navy strategy aimed at restoring Russia's status as one of world's foremost maritime powers. According to public rankings…

SailGP wins consecutive victories in New York with Spain

Posted to Maritime Reporter on June 8, 2025

On Sunday, the reigning champions Spain gave a strong performance in the second round of SailGP. They beat New Zealand and France to win the final race at New York. The season has now reached its halfway point. Diego Botin’s team, fresh off…

Israel orders military to intercept Greta Thunberg's yacht bound for Gaza

Posted to Maritime Reporter on June 8, 2025

Israeli Defence Minister Israel Katz instructed the military to stop a boat that was carrying activists, including Greta Thulberg of Sweden, who were planning to break an Israeli blockade to reach Gaza. The British-flagged Madleen, operated by the pro Palestinian Freedom Flotilla Coalition…

Spain takes the lead in SailGP New York on Day One

Posted to Maritime Reporter on June 7, 2025

On Saturday, Spain led the first day of the SailGP sixth round. Diego Botin and his team were well-positioned to win consecutive races. Spain, the defending series champions, won the San Francisco race in March. They made it look effortless…

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