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Etihad Airways profits soars nearly 50% as fleet, network expansion support strong demand

Posted to Maritime Reporter on February 24, 2026

Etihad Airways announced a nearly 50% increase in 'net profit' to $698m last year. The?carrier stated on Tuesday that increased capacity supported strong market demand and lifted the load factor. "We have invested a lot in our product and customer satisfaction.

Caribbean 600 is roaring into action off Antigua, with trade-wind thrills & start-line duels

Posted to Maritime Reporter on February 24, 2026

The 2026 RORC Caribbean600?emerged with a spectacular launch from Fort Charlotte, Antigua. An international fleet set out on a nonstop 600-mile journey around '11 Caribbean Islands in what promises to a be a thrilling 17th edition. "15 knots trade winds…

Panama cancels CK Hutchison's contracts and gives canal ports to Maersk

Posted to Maritime Reporter on February 24, 2026

Panama published a Supreme Court decision on Monday in its official gazette canceling a number of port contracts held by a subsidiary CK 'Hutchison. This cleared the way for a Maersk APM Terminals temporary takeover. This publication is the…

The CEO of German shipbuilder TKMS, calls for consolidation in the industry

Posted to Maritime Reporter on February 24, 2026

In a'speech' published on Monday, the chief executive of TKMS, a -German warship builder - called for consolidation in the defence.industry. He said that money alone cannot build ships, and that the deciding?factor is how quickly industry and clients can act together.

Renault buys out Volvo and CMA CGM to gain full control of Flexis, an electric van company.

Posted to Maritime Reporter on February 23, 2026

Renault announced on Monday that it would buy out the stakes of truckmaker Volvo Group and shipping firm CMA CGM in Flexis, their joint venture for new-generation electric vans. The agreement is expected to take effect by the end the first half…

Danish authorities seize Iranian-flagged vessel due to registration concerns

Posted to Maritime Reporter on February 20, 2026

Denmark's maritime authority said?on Thursday that they had detained and examined a container ship with an Iranian flag anchored in Danish waters because it was not properly registred. According to LSEG, the ship was originally sailing under a Comoros 'flag.

Caribbean speed demons gear up for 600-mile island hopping duel

Posted to Maritime Reporter on February 20, 2026

The 17th RORC Caribbean 600, which will take place next week, will feature two MOD70 trimarans that can reach speeds of over 30 knots. Both Jason Carroll's Argo, and Jon Desmond’s Final Final – Zoulou will be battling it out in the tradewinds of 11 Caribbean Islands.

DB Cargo, Germany's DB Cargo, plans to cut 6,000 jobs in order to turn the company profitable

Posted to Maritime Reporter on February 20, 2026

The chief of DB Cargo, a struggling freight 'business' of German railroad operator Deutsche Bahn, said that the company plans to eliminate 6,000 jobs by 2030, or nearly half the 'workforce', as part of a restructuring aimed to return to profitability, he added.

Data shows that the discount for Russia's Urals Crude Oil is at its deepest level since 2023.

Posted to Maritime Reporter on February 20, 2026

Data shows that the world's benchmark Brent crude oil is being sold at the lowest price in three years from the Baltic ports of Russia. Discounts are important, as they result from sanctions that the West imposed against Russia for the "war" in Ukraine.

Sydney SailGP is cancelled due to high-speed crash

Posted to Maritime Reporter on February 18, 2026

SailGP announced on Wednesday that New Zealand and France would miss the upcoming 'Sydney SailGP' event next weekend after their F50 catamarans collided at high speed in a crash which left two sailors hospitalized and both boats badly damaged.

Bousso

Posted to Maritime Reporter on February 18, 2026

This month, China marks one year since its last import of liquefied gas from the U.S. in the midst of a heated trade war between two world's largest economies. Chinese companies have purchased U.S. LNG from American producers under long-term contracts.

LaLiga wins court order forcing VPNs to stop 16 alleged pirate websites

Posted to Maritime Reporter on February 18, 2026

LaLiga, Spain's premier soccer league and its broadcasting partner Telefonica won a court order Tuesday that required VPN providers NordVPN &?Proton VPN?to block access to 16 websites in Spain accused of illegally streaming LaLiga matches. The…

Hapag-Lloyd acquires Israel's ZIM in global shipping deal for $4.2 billion

Posted to Maritime Reporter on February 16, 2026

Hapag-Lloyd, a German shipping company, announced on Monday that it would purchase Israel's ZIM for $4.2 billion. This will cement its position as the fifth-largest group in the world. The deal was met with a backlash from Israelis, as ZIM employees at the Haifa headquarters went on strike…

ArcelorMittal's expansion in Liberia triples the country's iron ore production to 30 millions tons

Posted to Maritime Reporter on February 16, 2026

AML, the main mining company, is expected to produce a total of?10 millions tons by 2025. ArcelorMittal, a Luxembourg-based company, is expanding its Liberian operation. This includes a new concentrator as well as major upgrades to the rail system and ports.

New Zealand SailGP team opens up about a 'traumatic crash' in Auckland

Posted to Maritime Reporter on February 16, 2026

New Zealand's Black Foils Team has broken its silence about the 'traumatic, high-speed collision' with DS Team France that occurred at the SailGP in Auckland. The incident left two sailors injured as well as causing damage to the boats. Louis Sinclair…

Australia pledges $2.7 Billion to Progress Nuclear Submarine Shipyard Build

Posted to Maritime Reporter on February 14, 2026

Australia announced on Sunday that it will spend A$3.9 billion ($2.76billion) to advance construction of a shipyard which will deliver nuclear-powered subs under the trilateral AUKUS defense pact with the U.S. and?Britain. AUKUS, announced in 2021, is Australia's biggest-ever defence investment.

The Sailing-SailGP Auckland race has been abandoned following a major accident involving Black Foils from France

Posted to Maritime Reporter on February 14, 2026

Two sailors received treatment for injuries following a high speed collision between the DS 'Team - France and New Zealand's Black Foils that resulted in the racing being abandoned at the Auckland Sail Grand Prix opening day on Saturday. The incident happened shortly after the third race began.

Sail GP Auckland race abandoned after Black Foils and France collide

Posted to Maritime Reporter on February 14, 2026

Two sailors were treated after a high-speed crash?between New Zealand’s Black Foils?and DS 'Team France, which led to the racing being abandoned on Saturday’s opening day of the Auckland Sail Grand?Prix?. This incident happened shortly after the third race began.

Antigua Nelson's Cup: Britain's Caffari to challenge Antigua

Posted to Maritime Reporter on February 14, 2026

Dee Caffari, a British sailor, arrives in Antigua after a race around the world that took less than 58 days. Next week he will swap the vastness of the Southern Ocean for the tight and tactical racing of the RORC Nelson's Cup Series 2026. Caffari…

Sources: Venezuela's PDVSA sells oil only to companies with individual licenses

Posted to Maritime Reporter on February 14, 2026

Four sources told us that Venezuela's PDVSA, the state-owned oil company, has refused to sell to companies who do not have individual U.S. licences. This is limiting the exports of oil and stopping the country from draining its brimming tanks more quickly.

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