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May 23, 2025
Three sources confirmed on Friday that a Greek naval court had charged 17 coastguard officers in connection with one of the worst shipwrecks to occur in the Mediterranean two years ago. Hundreds of people were believed to have died. The shipwreck that occurred on June 14…
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May 22, 2025
An official from Europe said that on Thursday, the United States was "not convinced" by the idea of lowering the price cap for Russian crude oil set by the Group of Seven Nations (G7). The European Union proposed lowering the cap to a level indicative of $50 per barrel.
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May 22, 2025
Poland is investigating whether explosive devices have been planted after a Russian "shadow fleet's" ship was seen suspiciously moving near a cable connecting Poland and Sweden on Wednesday. According to Polish Prime Minister Donald Tusk, Poland will be looking into the matter.
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May 21, 2025
Ambrey, a British maritime security company, said that a hijack signal sent by a Panamanian flagged petroleum products tanker near Iran was a false alert. Ambrey reported the incident on Tuesday, south of the busy Strait of Hormuz shipping lanes without naming "UAE-linked vessel".
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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…
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May 20, 2025
The European Commission announced on Tuesday that the EU had adopted four sets sanctions against Russia for the war in Ukraine, including a 17th set of measures targeting Moscow's Shadow Fleet, as well as measures relating to chemical weapons and human rights, and hybrid threats.
Posted to Maritime Reporter
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May 20, 2025
The tyremaker announced on Tuesday that Pirelli had agreed to a new partnership with the Italian Luna Rossa Team in order to help them compete for the America's Cup in 2027 when Italy will host the event. Pirelli, a technical and official partner of the event in Naples…
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May 19, 2025
The Trump administration lifted the stop-work order that had been in place for a month on a major offshore facility planned near the coast of New York. The Norwegian energy company Equinor announced that construction on Empire Wind was allowed to resume.
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May 19, 2025
The price of European wheat futures dropped on Monday, despite a large purchase by Saudi Arabia. A strong euro continues to hinder the competitiveness of EU exports. Benchmark September milling grain on Paris' Euronext fell 0.8% to 202.50 Euros ($227.49 per metric ton).
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May 19, 2025
The Warsaw-based firm said that Equinor, a Norwegian company, and Polenergia of Poland have made a decision on the final investment for the project. It involves the construction of two wind farms near the Polish Baltic Sea coast. The cost of…
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May 19, 2025
The majority of luxury yachts manufactured by Italy's Azimut-Benetti won't be directly affected by U.S. tariffs on imports, said its owner and chairwoman, but the wider impact of trade tensions may become problematic. Giovanna Vitell told the Financial Times Business of Luxury forum in Barcelona…
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May 19, 2025
Norway announced on Monday that it had launched the first phase of its much-anticipated inaugural floating wind auction, and offered subsidies to the winning bidders despite the challenges facing the offshore wind industry worldwide. In the face of rising costs…
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May 15, 2025
The next America's Cup will be held in Naples in 2027, announced Prime Minister Giorgia Melons on Thursday. This is the first time that Italy has hosted the sailing's most prestigious event. New Zealand, three-times champions and defending hosts of the event…
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May 15, 2025
A UK interim report on Thursday said that winds exceeding 117 km/h probably caused the superyacht to sink off Sicily in 2013, killing British tech tycoon Mike Lynch, among others. Marine Accident Investigations Branch in Britain said that the 56-metre (184-foot-long) Bayesian…
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May 15, 2025
The Estonian Navy reported that it tried to detain an oil tanker bound for Russia under sanctions by Britain on Tuesday, claiming it had sailed without a flag and sailed in an illegal manner. However, it did not board the vessel when it refused cooperation, instead escorting to Russian waters.
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May 14, 2025
Jean-Noel Barrot, the French Minister of Foreign Affairs said that on Wednesday, EU diplomats announced sanctions on nearly 200 tankers from Russia's "shadow fleet". Sources who spoke anonymously said that although two countries need to consult with their parliaments about the details…
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May 14, 2025
Hapag-Lloyd's CEO Rolf Habben Jansen said on Wednesday that the company is experiencing a higher demand this week for freight traffic between China and the United States, following the detente reached in the trade dispute between the two countries.
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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…
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May 12, 2025
Maersk, a Danish shipping company, said that on Monday the agreement between China & the United States on a 90-day suspension of tariffs & reciprocal duties is a positive step. At 0948 GMT, shares of Maersk were trading 12.9% higher. In an email…
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May 9, 2025
Charlotte Yven became the first woman in history to win the Transat Paprec two times, crossing the Caribbean finish with co-skipper Hugo Dhallenne. This was after a nail biting final that saw all 13 top boats finish within 3 hours of one another.
