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Friday, July 10, 2026

Maritime Blogs Shipbuilding

Merz: Germany has agreed to purchase US Tomahawk missiles

Posted to Maritime Reporter on July 9, 2026

The 'U.S. government has agreed to allow Germany to acquire 'Tomahawk?cruise missiles?and station them on German territory, Chancellor Friedrich Merz told lawmakers in Berlin on Thursday. The German government will acquire Tomahawk cruise missiles and station them in Germany…

Naval Group CEO: Europe is 'buying more European'

Posted to Maritime Reporter on July 8, 2026

PARIS, 8 July - Naval Group CEO Pierre Eric Pommellet stated on Wednesday that European governments are choosing to "buy Europeans" more than ever before, as a result of a push to develop strategic autonomy on the continent. Pomellet stated…

Canada - 8th July

Posted to Maritime Reporter on July 8, 2026

These are some of the most popular?stories in selected Canadian newspapers. ? They have not been verified?and we cannot vouch for their accuracy. Mark Carney, Canadian Prime Minister, said that Albania, Belgium Greece, Latvia, Luxembourg Romania…

In a night of major strikes, Ukrainian drones strike industrial and energy targets in Russia

Posted to Maritime Reporter on July 8, 2026

Local authorities said that Ukraine's drone attacks overnight on Russia resulted in the death of one person, and damaged numerous industrial sites, as well as two empty oil tanks. This comes amid Ukraine's ongoing campaign against Russian energy infrastructure.

Russia claims that Ukrainian drones have killed one person and damaged two empty oil tanks.

Posted to Maritime Reporter on July 8, 2026

Local authorities reported on Wednesday that Ukraine's drone attacks overnight on Russia resulted in the death of a?one-person and damage to a number of?industrial sites, as well as two empty oil tanks. Roman Busargin said that a drone attack on Ukraine resulted in the death of one person…

Rheinmetall freezes plans for naval hiring after Germany scraps its frigate programme

Posted to Maritime Reporter on July 7, 2026

A spokesperson for the German defence company, Rheinmetall, said that the 'plans to add 1,000 jobs to the naval shipbuilding division have been halted after Germany cancelled the F126 program?last month. Capital, a business magazine, was the first to report this stop.

Canada submarine deal good news for German economy, politicians say

Posted to Maritime Reporter on July 7, 2026

German Finance Minister Lars Klingbeil and Chancellor Friedrich Merz said on Tuesday that Canada's decision to select TKMS, a German company, to build 12 submarines for their navy is good news for Germany and NATO collective security. Merz,…

Canada - 6 July

Posted to Maritime Reporter on July 6, 2026

These are the?top stories?from a selection of Canadian newspapers. These stories have not been?verified? and we cannot vouch for the accuracy of these stories. The GLOBE and MAIL - Canada's TKMS has been selected to 'build' 12 submarines for the Canadian Navy…

Fincantieri buys underwater technology companies for EUR 600 million

Posted to Maritime Reporter on July 6, 2026

Fincantieri, the Italian shipbuilder, has agreed to purchase four Italian subsea technologies companies for an initial amount of approximately EUR600 million ($685.1 millions). Fincantieri's shares rose up to 14% after the announcement that it would buy a majority stake in Next Geosolutions. WSense.

Globe and Mail reports that Canada has chosen TKMS of Germany to build 12 subs.

Posted to Maritime Reporter on July 6, 2026

The 'Globe and Mail' reported that Canada had chosen TKMS of Germany to build 12 subs for its navy. This deepens defense ties with 'Europe' ahead of a NATO summit centered around higher military spending. Sources cited in the report stated that…

State media reports that Kim witnessed the launch of cruise missiles and weapons tests by North Korea's naval destroyer, according to Kim.

Posted to Maritime Reporter on July 4, 2026

State media KCNA reported that North Korean leader 'Kim Jong Un' observed a test firing of a strategic cruise?missile and evaluations on board the naval _destroyer Kang kon? of anti-ship,?antisubmarine, and air -defence?systems. These tests…

Exports of Ukrainian grain for 2025/26 drop by 8.4% compared to the previous year

Posted to Maritime Reporter on July 3, 2026

The?deputy?minister of economy told the press on Friday that Ukrainian grain exports dropped 8.4% from 40.66 million metric tons to 37.2?million?metric tons during the July-June 2025/26 season, compared with 40.6 million tons in '2024/25. Ukraine…

Tank maker KNDS suspends IPO plans

Posted to Maritime Reporter on July 1, 2026

The franco-german defence group KNDS announced on Wednesday that it has halted its plans to list until the markets are more favorable. Last month, the maker of Leopard 2 tanks and Caesar howitzers announced that it would list its shares in Frankfurt and Paris.

Rheinmetall shares fall after Berlin cancels warship order, shifting it to TKMS

Posted to Maritime Reporter on June 24, 2026

The Rheinmetall share price fell by more than 16 percent on Wednesday, after the German defence ministry cancelled a delayed F126 frigate program for which Rheinmetall was the main contractor. According to stock exchange data, by 0906 GMT, Rheinmetall shares were down 13%…

Kim: North Korea should be building two warships per year for the next five years.

Posted to Maritime Reporter on June 23, 2026

Kim Jong Un, North Korea's leader, said that the country should build a pair of warships every year, as big as its 5,000 metric ton Choe Hyon vessel, in the next five years. This was revealed by state media KCNA at a ceremony for a destroyer held on Tuesday.

Asia hedge funds post triple-digit gains as AI-driven rally drives rally

Posted to Maritime Reporter on June 15, 2026

Sources familiar with the performance of some?Asia's hedge funds claim that they have delivered returns in excess of 100% in the first five months?of the year. They attributed this to record highs on the stock market and bets made on AI hardware…

The South Korean metal workers' union is planning a strike on July 15.

Posted to Maritime Reporter on June 10, 2026

The South Korean metal workers union announced on Wednesday that it would strike on the 15th of July to demand job security as more companies use AI technology and robotics. It also wants a broader wage negotiation in order to reduce the income gap.

South Korea's cabinet approves decree on $350 bln US investment plan

Posted to Maritime Reporter on June 9, 2026

The South Korean cabinet approved a presidential decree on Tuesday as part of the process of allowing $350 billion in strategic?investments to be made in the United States under the terms of the trade agreement signed between the two countries last year.

India confirms that 24 Indian sailors were on board the oil tanker when it caught fire, but all crew members are safe

Posted to Maritime Reporter on June 8, 2026

The Indian shipping ministry said that 24 Indian sailors were on board the oil tanker Marivex when a fire was reported. Opesh k. Sharma, director of the federal ministry for?ports and shipping,? told a press conference that the vessel flying the flag of Madagascar was not carrying cargo.

Gulf bourses track Asia lower as US-Iran uncertainties weigh

Posted to Maritime Reporter on May 20, 2026

The majority of Gulf stock markets declined in the early trading on Wednesday, following weaker Asian equity markets, as rising global bond yields and high oil prices fuelled inflation fears, while investors remained cautious about a U.S. Iran pact. Investors bet that the U.S.