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Stonepeak and CMA CGM form joint port venture

Posted to Maritime Reporter on January 29, 2026

The French shipping company CMA CGM has partnered with U.S. investment group Stonepeak to form a joint-venture valued at almost $10 billion. This venture will 'operate and develop port terminals in the United States, among others,' the companies announced on Wednesday.

Bild reports that Rheinmetall wants to buy German shipbuilder NVL.

Posted to Maritime Reporter on August 27, 2025

Bild, citing sources in the industry, reported Wednesday that Rheinmetall, a defence group, wants to buy German shipbuilder Naval Vessels Luerssen. Bild reports that the Luerssen family who owns the shipbuilder plan to divest their military shipyards located in Hamburg…

Singapore's Keppel claims $53 million from Seatrium in a corruption case involving Brazil

Posted to Maritime Reporter on August 26, 2025

Singapore's Keppel initiated arbitration proceedings on Tuesday against the local shipbuilder Seatrium over a S$68.4million ($53.33million) claim relating to a Brazilian corruption crackdown. Seatrium made a provision of S$82.4m in 2022 to pay Keppel for claims relating to Operation Car Wash…

Petrobras is looking for foreign companies to partner with Brazilian shipyards

Posted to Maritime Reporter on May 6, 2025

Magda Chambriard, CEO of Brazil's state-run oil company Petrobras, stated on Tuesday that the firm is seeking foreign investment to boost its local shipyards. Chambriard, a recent visit to China, has said that Petrobras wants to work with strong shipyards in order to build more ships in China.

Petrobras aims to attract Chinese investment to Brazil's maritime industry

Posted to Maritime Reporter on April 29, 2025

Petrobras, the Brazilian state-owned energy giant, said that it was looking to attract new Chinese investment to Brazil's oil, gas and naval sectors, particularly, on Tuesday as its Chief executive Magda Chambriard visited the Asian country.

Petrobras will finish its analysis of India's Shapoorji bid in FPSO bid by the end of this week

Posted to Maritime Reporter on March 25, 2025

Renata Baruzzi said that the head of Petrobras' engineering, technology, and innovation department, Brazil, should be analyzing the appeal filed by India Shapoorjipallonji Energy this week in order to charter an off-shore oil production vessel.

Petrobras may cancel FPSO bid after high bidder, sources claim

Posted to Maritime Reporter on February 21, 2025

Two sources familiar with the matter have confirmed that Brazil's state oil company Petrobras may cancel a tender for a production, storage and offloading vessel from India's Shapoorji pallonji Energy. Sources claim that the state-run company…

Peru and Japan strengthen their ties through defense and mining agreements

Posted to Maritime Reporter on November 17, 2024

On Sunday, Peru's President signed agreements with her Japanese counterpart following a visit by the two leaders shortly after the Asia-Pacific Economic Cooperation Summit hosted in Lima. The agreements were inked by Peruvian President Dina Boluarte, and Japanese Prime Minister Shigeru Ishiba.