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Norwegian Cruise Line names board member John Chidsey CEO

Posted to Maritime Reporter on February 12, 2026

Norwegian Cruise 'Line Holdings announced on Thursday that?John Chidsey has been appointed as its chief executive officer, effective immediately. Harry Sommer is stepping down. Chidsey was appointed to the Norwegian board of directors in 2025 after a previous tenure from 2013 to 2022.

American Magic buys Danish SailGP in $60 Million deal

Posted to Maritime Reporter on February 12, 2026

American 'Magic', the sailing team owned by U.S. sports investor Doug?DeVos and based in New Zealand, bought Danish SailGP record-holders ROCKWOOL racing for $60 million. The deal was announced on the eve before the New Zealand event of the global league.

American Magic buys Danish SailGP in a $60 million deal

Posted to Maritime Reporter on February 12, 2026

American Magic, a sailing team owned by U.S. sports investors Doug DeVos and ROCKWOOL, have bought the Danish 'SailGP' speed record holders ROCKWOOL racing in a 60 million dollar deal announced on the eve before the New Zealand event of the global league.

CK Hutchison threatens legal action if Maersk acquires Panama's Balboa and Cristobal terminals

Posted to Maritime Reporter on February 12, 2026

Hong ?Kong's CK Hutchison said on Thursday it has ?notified Panama of an investment-protection treaty dispute after A.P. Moller-Maersk has indicated that it is willing to temporarily take over the management of 'the Balboa and Cristobal terminals.

US Southern Command: No major injuries after collision between two US Navy ships

Posted to Maritime Reporter on February 12, 2026

The U.S. Southern Command released an email statement on Thursday stating that a U.S. Warship and a 'Navy Supply vessel collided during refueling Wednesday afternoon. The USS Truxtun, an Arleigh Burke class guided missile destroyer, and the Supply-class rapid?combat ship USNS Supply…

Dubai Port giant DP World under pressure over its chief's alleged Epstein ties

Posted to Maritime Reporter on February 12, 2026

The UK Development Finance Agency and Canada's second largest?pension funds have suspended new investments?with global port operator DP World due to alleged ties between DP World's chief executive and disgraced financier Jeffrey Epstein. This has increased pressure on the Dubai based firm.

Wabtec forecasts 2026 profit above estimates as higher locomotive deliveries lift demand

Posted to Maritime Reporter on February 12, 2026

Wabtec, a manufacturer of locomotive parts, forecasted a 2026 profit that was above Wall Street expectations on Wednesday as higher locomotive deliveries drove a'strong demand' for its products. According to LSEG, the?Pittsburgh-based?company's?expected…

TKMS, a submarine manufacturer, has a record backlog of orders worth $22 billion and is raising its sales forecast.

Posted to Maritime Reporter on 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.

As tensions with Iran simmer, the US provides new guidance to vessels passing through the Strait of Hormuz.

Posted to Maritime Reporter on February 10, 2026

As tensions grew between Washington and Tehran due to Iran's nuclear program, the United States provided new guidance for commercial vessels that transited the Strait of Hormuz. This is a major?shipping route? for Middle East oil. Iran has in the past threatened to shut down the Strait of Hormuz.

US forces board a Venezuelan-linked oil tanker without incident in the Indian Ocean

Posted to Maritime Reporter on February 10, 2026

Defense Secretary Pete Hegseth announced on Monday that U.S. forces boarded an oil tanker traveling from or to Venezuela after pursuing it in the Caribbean. Hegseth said in a post on X that "overnight, U.S. The U.S. stepped up its blockade of vessels going to or from Venezuela…

Descartes: US container imports dropped 6.8% in January but the result indicates a more normalized trade

Posted to Maritime Reporter on February 9, 2026

U.S. seaports handled 6.8% less container import volume in January than they did in the previous year, when U.S. companies rushed to import goods in order to avoid President Donald Trump's new tariffs, sending imports to a record-high for the month. Investors closely monitor U.S.

Super Bowl security measures in San Francisco Bay include massive airborne and maritime security

Posted to Maritime Reporter on February 6, 2026

Super Bowl LX, held at Levi's Stadium, has brought law enforcement of all stripes to the San Francisco Bay Area. This includes a fleet of 'unfamiliar' low-flying planes buzzing the area to assist with security. The large number of military-style…

Euronext Wheat Ends Week Lower

Posted to Maritime Reporter on February 6, 2026

Euronext Wheat fell on Friday, posting a weekly decline as participants adjusted front-month futures and?a stronger euro dented export prospect. The price of March milling grain on Euronext settled at 190.00 euros ($224.45). Over the week, the…

Chevron's Tengiz problems hurt Kazakhstan's CPC oil exports

Posted to Maritime Reporter on February 6, 2026

Four trading sources told us that Kazakhstan's oil exports may fall as much as 35 percent this month through its main route via Russia. This is because the Tengiz oilfield, which suffered fires in January at power plants, is slowly recovering. Tengizchevroil, a consortium led by U.S.

Germany's PNE has lost bid for Vietnam wind projects, in a new blow to foreign investors

Posted to Maritime Reporter on February 6, 2026

The Vietnamese authorities have chosen a newly-created subsidiary of real estate conglomerate Vingroup for the development of the first phase of a major offshore wind project in the country. Morgan Stanley-backed German renewable company PNE…

EU wheat stable with weather and exports as focus

Posted to Maritime Reporter on February 6, 2026

The European wheat futures market was little changed Thursday, as it paused at a 2-1/2-month high from earlier in the week. Traders accounted for higher Chicago prices, weather risks, and a slowdown in export demand. The price of March milling…

French Navy seizes cocaine in Polynesia and Caribbean

Posted to Maritime Reporter on February 6, 2026

France's Minister of the Armed Forces announced on Thursday that the French Navy had seized over 4 tonnes of cocaine in French Polynesia, and intercepted a boat transporting?the drug to?the Caribbean. This comes as other countries, including the U.S.…

Panama's President says that port contracts won't be awarded to one operator

Posted to Maritime Reporter on February 6, 2026

The Panamanian president, Jose Raul Mulino, said 'on Thursday' that the concession contracts for operating?two ports operated by Hong Kong-based CK Hutchison Holdings over a period of nearly?three _decades would "never" be given to a single firm.

Mexico's antitrust body finds lack competition in the freight rail sector

Posted to Maritime Reporter on February 6, 2026

MEXICO CITY - The Mexican antitrust commission found that there were insufficient conditions for competition in almost all of the country's freight railway system, according to a preliminary decision it issued on Thursday. * The investigation of the commission…

French Navy intercepts cocaine-laden boat in Caribbean

Posted to Maritime Reporter on February 6, 2026

On Thursday, the French Navy intercepted a boat?carrying cocaine and handed it over to Barbadian authorities. This comes as other countries, including the United States, intensify their efforts against drug trafficking. Catherine Vautrin reported? on X? that 678 kilogrammes cocaine had been seized.

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