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Tuesday, January 13, 2026

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Sources say that Germany's Uniper is close to signing an agreement with India to purchase green ammonia

Posted to Maritime Reporter on January 9, 2026

Two people with knowledge of the matter said that the state-owned German utility Uniper was close to a deal for the purchase of green ammonia in India, as part of Chancellor Friedrich Merz’s planned trip to India next week. Germany is betting…

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on January 9, 2026

Here are some company news and stories that could have a significant impact on France and Benelux's markets or individual stocks. AIR FRANCE KLM has announced that 80 flights will be cancelled on Friday from and to Amsterdam Schiphol Airport due to expected snowfall in the Netherlands.

TKMS makes non-binding offer for German shipyard GNYK

Posted to Maritime Reporter on January 8, 2026

TKMS stated?in an emailed message, without disclosing details?around this offer. TKMS, spun off from Thyssenkrupp parent in October, said last month that it 'expected to decide soon' whether to purchase?GNYK. This reflects its ambition to expand due to the growing demand for defense equipment.

Hanwha's Philly Shipyard could build nuclear submarines for the US Navy, says executive

Posted to Maritime Reporter on December 25, 2025

Alex 'Wong, 'global chief strategist at Hanwha Group said that the?Philly Shipyard of Hanwha has the ability to build a nuclear-powered submarine? for the U.S. Navy. Wong stated during Hanwha's Hanwha media day in Philadelphia on Monday that "the U.S.

Hanwha's Philly Shipyard could build nuclear submarines for the US Navy, says executive

Posted to Maritime Reporter on December 25, 2025

Alex Wong is the global chief strategy officer of Hanwha Group. According to a press release issued by the South Korean firm on Thursday, the company's Philly Shipyard can build a nuclear submarine for the U.S. Navy. Wong, who spoke at the Hanwha media day in Philadelphia on Monday…

Trump announces plans for new 'Trump class' battleships that will boost US naval power

Posted to Maritime Reporter on December 22, 2025

Donald Trump, President of the United States, announced plans on Monday to build a new class of battleships, larger, faster, and "100 times stronger" than anything before. The goal is to cement U.S. Naval dominance. He said that the project would be eventually expanded to include?20-?25 new vessels.

Macron to troops in Gulf: France will build new aircraft carriers

Posted to Maritime Reporter on December 21, 2025

Emmanuel Macron, President of France, confirmed his plans to build a larger and'more modern' aircraft carrier to replace the Charles de Gaulle carrier. This will boost France as a maritime superpower. Macron, who first touted these plans in 2020 was speaking to troops at a French base in Abu 'Dhabi…

South Korean submarine contractors jailed for leaking information

Posted to Maritime Reporter on December 17, 2025

According to a ruling that was reviewed by the. According to the ruling, on Tuesday, the Masan Branch Changwon District Court sent to prison the chief executive officer of a South Korean contractor for two and a quarter years and sentenced two employees from another firm to one and a quarter years.

South Korean submarine contractors jailed for leaking information

Posted to Maritime Reporter on December 17, 2025

A South Korean court has found two contractors who worked on Taiwan's sub programme guilty of leaking torpedo-launching system designs. The ruling called the case a "diplomatic burden" that could be placed on?Seoul. According to the ruling, on Tuesday…

Kawasaki Heavy CEO: Japan's military buildup will propel defence sales over forecast.

Posted to Maritime Reporter on December 17, 2025

The accelerating Japanese defence spending is likely to boost Kawasaki Heavy Industries' sales in the upcoming years above their projections, said its CEO on Wednesday, as contractors profit from an unprecedented military buildup. Sanae Takaichi…

MSC Cruises places order for Meyer Werft worth 10 billion Euros

Posted to Maritime Reporter on December 15, 2025

The German Economy Minister announced on Monday that the state-rescued German shipbuilder Meyer Werft had secured a major order worth up to ten billion euros ($11.7?billion) with Swiss cruise operator?MSC Cruises. This will ensure capacity utilization through the mid-2030s.

Australia approves Hanwha’s greater stake in Austal, but with strict conditions

Posted to Maritime Reporter on December 12, 2025

Australia announced on Friday that it would not oppose Hanwha's proposal to nearly double the stake of Austal in Australia, but there will be strict conditions regarding data access and security. Treasurer Jim Chalmers stated that the decision…

Hanwha of South Korea and Vatn, a US-based defense startup, will build underwater drones

Posted to Maritime Reporter on December 10, 2025

The South Korean shipping giant Hanwha Group and U.S. defense start-up Vatn Systems have teamed up to develop autonomous underwater drones (AUU) for the U.S. Navy. This is the latest bilateral effort by the two companies to counter China's expanding naval presence.

After a hot streak, defense companies backed by Silicon Valley are experiencing growing pains

Posted to Maritime Reporter on December 8, 2025

The share of Pentagon contracts held by U.S. Defense Technology companies has roughly doubled over the last year. However, they are still facing growing pains in their efforts to transform from startups to heavyweights that can build weapons at scale.

Norway buys two additional submarines and long-range missiles

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…

South Korea's fourth successful space rocket launch sends satellites in orbit

Posted to Maritime Reporter on November 26, 2025

The Science Ministry announced that South Korea launched its fourth space rocket, Nuri, on Thursday, putting more than 12 satellites in orbit. This was the first joint launch with a private firm. South Korea launched the Nuri rocket program in 2021.

Poland selects Sweden to provide it with three subs

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…

Sweden will decide early next year on a supplier for its new frigates

Posted to Maritime Reporter on November 24, 2025

The defence minister announced on Monday that Sweden will select a supplier early next year for its multibillion-swedish crown purchase of four new frigates. Sweden has been preparing to expand its naval fleet in response to the Russian invasion of Ukraine.

As the peace plan for Ukraine gains momentum, European arms manufacturers retreat

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.

Fincantieri joins FTSE MIB, as defense stocks surge and replace Hera or DiaSorin

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.

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