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Taiwan completes the first sea trials for a domestically-made submarine in defense milestone

Posted to Maritime Reporter on June 17, 2025

Taiwan has completed its maiden sea test for its first submarine developed domestically on Tuesday. This is a major milestone in a project that aims to strengthen deterrence and protect vital sea routes in case of war. Taiwan, which China claims…

Taiwan seals a deal with Ukraine to test drones and combat software in order to deter China

Posted to Maritime Reporter on June 17, 2025

Taiwan signed a partnership agreement on Tuesday with U.S.-based Auterion and German-based Auterion to provide drone software that has been tested in Ukraine. The deal will help Taiwan strengthen its defences against the growing military threat from China, which is a giant neighbor.

Nantes name former Dunkerque coach Castro as new manager

Posted to Maritime Reporter on June 16, 2025

The Ligue 1 club announced on Monday that Luis Castro has been appointed as the new manager of Nantes. He signed a contract for two years with an additional year option, having gained a reputation at the second-tier Dunkerque. Castro has managed Ligue 2 club Dunkerque the last two seasons.

Wall Street Journal, June 12,

Posted to Maritime Reporter on June 12, 2025

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Former Starbucks CEO Howard Schultz has endorsed the current chief executive Brian Niccol’s turnaround plan for correcting recent challenges at the chain.

Union leader: Berlin must act quickly on possible TKMS share purchase

Posted to Maritime Reporter on June 5, 2025

Berlin must decide quickly whether it will purchase a stake in Thyssenkrupp’s defence division TKMS. A leading official of the labour movement has called for clarity before a crucial supervisory board meeting scheduled for later this month.

Philippines and U.S. hold joint maritime exercises for the seventh time

Posted to Maritime Reporter on June 5, 2025

Manila's military said that the Philippines and United States have been sailing together in the South China Sea seven times to improve interoperability. The exercise, which was held in the waters near the provinces Occidental Mindoro, Zambales…

North Korean leader Kim Jong Un calls warship crash a 'crime'

Posted to Maritime Reporter on May 21, 2025

State media KCNA reported that a serious accident took place on Wednesday at the launch of a North Korean warship, while Kim Jong Un attended the event. He called it a "criminal action" which could not be tolerated. Kim, who was present at the launch failure of the 5…

Kremlin: Russia will defend ships in Baltic Sea using all available means

Posted to Maritime Reporter on May 21, 2025

The Kremlin announced on Wednesday that Russia will defend its ships in the Baltic Sea using all available means. A recent failed Estonian attempt at seizing a tanker showed that Moscow can respond with harsh action if necessary. It was reported…

South Korea Minister asks for exemptions from US tariffs during Greer Meeting

Posted to Maritime Reporter on May 16, 2025

Ahn Deuk Geun, South Korea's Minister of Trade and Industry, said that he had met with U.S. trade representative Jamieson Greer on Friday and requested a waiver for Washington's tariffs. Ahn said that the South Korean delegation will visit the…

Fincantieri's Q1 core profits jump 53.5% and confirms forecasts for 2025

Posted to Maritime Reporter on May 12, 2025

Fincantieri announced a 53.5% increase in its first-quarter core profits to 154 millions euros ($170.72million), driven by a strong performance in all segments, especially in shipbuilding and increased revenues in defence. Fincantieri, based in Trieste…

After a fatal sinking, the salvage of Lynch's yacht will begin in Italy

Posted to Maritime Reporter on May 7, 2025

In the next few weeks, the recovery of British tech-tycoon Mike Lynch’s superyacht will begin. This will shed some light on the mystery of how an allegedly unsinkable vessel ended up in the sea back in August. In just 16 minutes, the Bayesian capsized from the stern and sank…

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.

Malta to repair a ship that was reportedly bombed allegedly by drones

Posted to Maritime Reporter on May 6, 2025

Malta's government announced on Tuesday that it will carry out repairs on an aid ship in international waters after the vessel was reportedly attacked by two drones on Friday morning. The Freedom Flotilla Coalition is an international NGO that operates the "Conscience".

Hanwha Ocean, a South Korean shipbuilder, targets US Navy orders amid Trump's efforts to build shipbuilding relations

Posted to Maritime Reporter on May 5, 2025

Hanwha Ocean, a South Korean shipbuilder, hopes to increase its revenue from overseas naval vessels to 4 trillion won (2.91 billion dollars) by 2030. It also hopes to receive more repair orders from U.S. Navy. After President Donald Trump's executive order to restore U.S.

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.

Reports claim that Korea Development Bank will sell Hanwha Ocean shares

Posted to Maritime Reporter on April 28, 2025

Maeil Business Newspaper reports that the state-run Korea Development Bank of South Korea plans to sell its Hanwha Ocean shares. The newspaper, without citing any sources, reported that KDB planned to divide its 19,5% stake in the shipbuilder after a bookbuilding on Monday.

South Korea rejects tariff agreement with US ahead of June 3 snap elections

Posted to Maritime Reporter on April 28, 2025

On Monday, a senior South Korean official said that Seoul will not agree to a package of trade deals with Washington before the June 3 presidential elections. He also noted the challenges in reaching an agreement even by early July. Seoul's…

South Korea rejects tariff agreement with US ahead of June 3 snap elections

Posted to Maritime Reporter on April 28, 2025

On Monday, a senior South Korean official ruled out the possibility of a deal being reached with the United States before the presidential elections in the Asian nation on June 3. He also noted that reaching an agreement even by early July would be difficult.

Dutch shipbuilder Damen is accused of corruption and violating sanctions by prosecutors

Posted to Maritime Reporter on April 25, 2025

The Dutch prosecutor said that they summoned Damen Shipyards, a shipbuilder in the Netherlands, on suspicion of violating EU Sanctions against Russia. They also opened a separate corruption case against Damen Shipyards and its top executives. The company denied the accusations.

US Congress Republicans ask for $27 billion in Golden Dome tax bill

Posted to Maritime Reporter on April 25, 2025

According to a congressional aide and a document, Republicans in the U.S. Congress are planning to introduce a sweeping 150 billion dollar defense package. This will provide an initial boost of $27 billion to President Donald Trump’s controversial Golden Dome shield missile defense system.

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