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May 12, 2026
Thyssenkrupp increased the value assigned to its steel business on Tuesday by a quarter, just two weeks after failed talks to sell to India's Jindal Steel. Thyssenkrupp, a German company, has tried to sell Europe's second largest steelmaker, ArcelorMittal, for years.
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May 11, 2026
Fincantieri, an Italian shipbuilder, revised upwards on Monday its '2026 guidance in terms of revenue and core profit. It also increased its net profit. This was after it signed a number of large contracts earlier this year that surpassed its full-year goal.
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May 11, 2026
Fincantieri, an Italian shipbuilder, revised its full-year guidance on Monday for revenues and core profit. The group reported that new orders fell by just over 70% in the first quarter to 3.4 billion euro ($4.00 'billion). However, this does…
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May 11, 2026
TKMS said that its order backlog had reached a new record on Monday. This is due to the continued demand for weapons in Europe to reduce military dependency on the United States. TKMS is owned by the German engineering conglomerate Thyssenkrupp…
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May 7, 2026
Taiwan conducted the first torpedo firing of its domestically-developed submarine. This is a significant milestone in a project that aims to strengthen deterrence and protect vital sea lanes if war breaks out. Taiwan, which China claims to be…
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May 6, 2026
The Financial Times (FT), Wednesday, reported that Rheinmetall wants Germany to pay about 12 billion euros ($14 billion), to take over its?troubled F126?frigate?program. This would bring the 'total cost of?"six warships up to approximately 14 billion euros.
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May 5, 2026
U.S. shipbuilder Huntington-Ingalls posted a lower operating margin for the first quarter on Tuesday. This was due to?higher costs?amid inflation?and?volatility of global trade. In premarket trading, shares of the company fell by nearly 3%. U.S.
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May 1, 2026
Donald Trump stated on Friday that the U.S. Navy was acting "like pirates" in carrying out Washington's naval blockade of Iranian ports during the U.S. The Navy acted "like pirates" when it carried out Washington's blockade against Iranian ports in the U.S. Trump made these?comments?
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April 29, 2026
Fincantieri, an Italian shipbuilder, and Albanian KAYO have formed a joint-venture to build and maintain vessels for Albania. The country is seeking to modernize its military infrastructure and deepen its NATO connections. According to a joint statement from the government and the company…
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April 28, 2026
The Italian parliament voted on Tuesday to support a government proposal to donate an old?aircraft-carrier to Indonesia. This would strengthen relations with an ally and avoid the cost of dismantling an outdated asset. Garibaldi, a 54 million euro (63 million dollar) vessel…
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April 27, 2026
In its 'earnings report for the first quarter, Hanwha Ocean said that the conflict in the Middle East is causing uncertainty in the demand for commercial ships. The company stated that the Iran War has had a significant impact on the market for large 'crude carriers' (VLCCs)…
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April 20, 2026
India and South Korea announced on Monday they will expand their economic ties through a?expansion of cooperation in energy and critical minerals as well as shipbuilding, semiconductors and steel. They aim to double their trade by 2030. New…
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April 19, 2026
On Monday, South Korean President Lee Jae Myung will meet with Indian Prime Minister Narendra Modi at New Delhi, to discuss a boost in economic co-operation, especially in shipbuilding. This is the first visit of a South Korean president to India in 8 years.
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April 18, 2026
Japan and Australia signed contracts Saturday, launching a landmark A$10 Billion ($7 Billion) -deal to supply Australia warships. This is Tokyo's most consequential military sale since ending the?military trade ban in 2014. Marles stated that the Defence Ministers Richard Marles…
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April 16, 2026
After years of warnings by military chiefs that the UK's capabilities were shrinking, the Iran war left Britain's armed services exposed. This put pressure on Keir starmer, Prime Minister, to make good on his promise to invest in defence. After…
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April 2, 2026
Volodymyr Zelenskiy, President of Ukraine, offered on Thursday to share Ukraine's?expertise regarding freedom of navigation?inthe Black Sea with countries that are considering ways to?keep?the Strait?of Hormuz?open amid?conflict?inthe Middle East.
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March 30, 2026
The Gulf stock markets fell in early trading on Monday after Yemen's Houthis attacked Israel?overnight, further escalating U.S. and Israel conflict with Iran -and its proxies - in the Middle East. Donald Trump, the U.S. president, said that…
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March 27, 2026
The government announced on Friday that Norway will increase its defence expenditures by 115 billion crowns (about 11.87 billion dollars) between now and 2036 to compensate for the rising costs of military equipment. According to the government…
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March 25, 2026
The underwater business segment, which saw an 88% increase in revenue, was the main driver of this?fourfold? jump. The shares of the Trieste-based firm rose up to 7.5% after the results. State-controlled shipbuilder reiterated their 2026 'targets' for revenue between 9.2 and 9.3 billion euro…
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March 23, 2026
Three sources familiar with this matter claim that the oil loadings at Russia's Baltic Sea Port?of Ust-Luga recommenced?on Monday after an alert for drone attacks was lifted. Primorsk, however, remained closed following aerial strikes. According to two industry sources…
