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Fincantieri increases guidance for 2026 after exceeding target for new contracts

Posted to Maritime Reporter on May 11, 2026

Fincantieri, an Italian shipbuilder, revised upwards on Monday its '2026 guidance in terms of revenue and core profit. It also increased its net profit. This was after it signed a number of large contracts earlier this year that surpassed its full-year goal.

Fincantieri increases 2026 guidance after strong Q1 sales

Posted to Maritime Reporter on May 11, 2026

Fincantieri, an Italian shipbuilder, revised its full-year guidance on Monday for revenues and core profit. The group reported that new orders fell by just over 70% in the first quarter to 3.4 billion euro ($4.00 'billion). However, this does…

South Korea's MFG bids up to 210,000 tonnes corn, traders claim

Posted to Maritime Reporter on May 11, 2026

Major Feedmill Group in South Korea (MFG) has issued an international tender for the purchase of animal feed corn. Sellers are free to offer any quantity within this range. The deadline for submitting price offers is 12 May. First shipments for South Korea are due to arrive around September 3.

South Korea purchased 10,000 tons of rice from Vietnam at the April auction, traders claim

Posted to Maritime Reporter on May 11, 2026

Agro-Fisheries and Food Trade Corporation, a?state-owned company in South Korea. European traders reported that on Monday, the Agro-Fisheries & Food Trade?Corp. purchased an estimated '10,000 metric tonnes' of?rice from Vietnam. The international tender closed on April 28.

South Korea's NOFI purchased about 65,000 tonnes corn in a private deal on Friday.

Posted to Maritime Reporter on May 11, 2026

European traders reported on Monday that the leading South Korean feedmaker, 'Nonghyup Feed Inc.' (NOFI), purchased around 65,000 metric tonnes of?animal?corn?in a private deal on Friday. This deal is in addition to NOFI purchasing 136,000 tons animal feed corn in an international auction on Friday.

As the defence boom continues, Germany's TKMS has a record backlog of orders worth $24 billion.

Posted to Maritime Reporter on May 11, 2026

TKMS said that its order backlog had reached a new record on Monday. This is due to the continued demand for weapons in Europe to reduce military dependency on the United States. TKMS is owned by the German engineering conglomerate Thyssenkrupp…

South Korea's NOFI purchased about 60,000 tonnes of soymeal from traders

Posted to Maritime Reporter on May 11, 2026

European traders reported that the leading South Korean animal feed manufacturer, 'Nonghyup Feed Inc.' (NOFI), purchased?around 60 000 metric tons?of soymeal on Friday in a private transaction without launching an international tender. The estimated outright price was $412.15 per ton…

Taiwan claims to have driven away a Chinese research vessel

Posted to Maritime Reporter on May 11, 2026

Taiwan's Coast Guard said on Monday it had disrupted 'illegal' 'operations of a Chinese research vessel in waters close to the island, and driven it away. This is part of what Taipei views as a 'provocative' pattern of 'China's increased'maritime activities.

Data shows that two more crude oil tanks have left the Strait of Hormuz without their trackers on.

Posted to Maritime Reporter on May 10, 2026

Kpler data shows that two more tankers, both laden with crude, left the Strait of Hormuz in the last week, with their trackers turned off to avoid an 'Iranian attack. This trend is increasing to maintain Middle East oil exports. Data released…

Reports: Iran's proposal calls for the end of war and lifting sanctions

Posted to Maritime Reporter on May 10, 2026

Iran's semiofficial Tasnim news agency reported on Sunday that an?Iranian?proposal sent to the United States through?mediator Pakistan?stresses a need to end the war on all sides and lift the sanctions against Tehran. The proposal stresses the need for the United States to?lift sanctions.

Australia wins Bermuda SailGP and extends championship lead

Posted to Maritime Reporter on May 10, 2026

Bonds Flying Roos from Australia won the Bermuda SailGP on Sunday. They beat Spain's Los Gallos, and Germany by Deutsche Bank to clinch their third win of the 2026 'SailGP' season. Tom Slingsby led the?Australian Team to victory in the Great…

Aramco CEO warns that 1 billion barrels of lost oil will slow down the recovery of the oil market

Posted to Maritime Reporter on May 10, 2026

Saudi Aramco CEO stated on Sunday that the world lost 1 billion barrels of crude oil in the last two months. Even if the flow of oil resumes, it will take some time for the energy markets to stabilize, even if the flow of oil returns. Amin Nasser…

Officials say that at least 11 people in the Miami area have been injured by a 'possible boat explosion'.

Posted to Maritime Reporter on May 9, 2026

At least 11 people were injured in what was described by a Miami-Dade Fire Rescue as a "possible boat explosion" on Saturday near a popular tourist destination close to Miami Beach. * Miami-Dade?Fire Rescue was notified at 12:48?p.m. of a?possible explosive.

Australia and Spain are tied for the lead after the first day of Bermuda SailGP

Posted to Maritime Reporter on May 9, 2026

The Bermuda SailGP is the fifth round of the 2026 season. The U.S. SailGP Team finished third with 28 points. Australia and Spain tied on 32 after racing on the Great Sound in 'SailGPs fourth visit to Bermuda. Germany by Deutsche Bank is tied with Canada's NorthStar on 25. Taylor Canfield’s U.S.

Gulf clashes escalating as US and Iran are no closer to ending the war

Posted to Maritime Reporter on May 9, 2026

U.S. and Iran did not appear to be any closer to a resolution of their conflict on Saturday after both sides exchanged fire in the Gulf during a tenuous truce. A U.S. intelligence analysis found that Tehran could survive a naval blocade for several months.

Evander's FC Cincinnati hurls Charlotte into a road fight

Posted to Maritime Reporter on May 8, 2026

FC Cincinnati and Charlotte FC, two teams from the Eastern Conference, will clash on Saturday night. Cincinnati (4-4-3 and 15 points) is on a roll after beating New York Red Bulls?and Chicago. The team is currently sixth in the Eastern Conference…

Report by the CIA shows that Tehran can withstand a blockade of four months as fighting flares

Posted to Maritime Reporter on May 8, 2026

The U.S. intelligence assessment concluded that Tehran could withstand a naval blocade for four more months. According to a U.S. government official who was familiar with this analysis, first reported by The Washington Post, the CIA assessment concluded that the U.S.

South Korea's NOFI purchases 136,000 tons corn at tender, traders claim

Posted to Maritime Reporter on May 8, 2026

According to European traders, the leading South Korean animal feed manufacturer?Nonghyup Feed Inc. (NOFI) purchased an estimated 136,000 metric tonnes of animal feed corn in a 'international tender that sought up to 207,000 tons. The corn was bought in two consignments totaling 68,000 tons.

Two engineers report that an emergency has been declared at the Zawiya Refinery in Libya amid violent clashes near the facility.

Posted to Maritime Reporter on May 8, 2026

Two engineers said that an emergency had been declared at Libya's Zawiya Oil Refinery, located?west from the capital Tripoli?, after clashes broke out?nearby the facility. Libya's largest refinery is located in Zawiya (40 km/25 miles west of Tripoli)…

TRADERS report that South Korea's NOFI has started buying corn through tender, with 136,000 tons already purchased.

Posted to Maritime Reporter on May 8, 2026

European traders reported that Nonghyup Feed Inc., a leading South Korean animal feed manufacturer (NOFI), began buying animal feed corn on Friday in an international tender. So far, 136,000 metric tonnes have been purchased. The tender is for up to 207…

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