Posted to Maritime Reporter
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June 25, 2026
All three bids received for the engine maker Everllence by Volkswagen valued the unit at "clearly" more than EUR9 billion ($10.21 billion), according to a source involved in the negotiations. Volkswagen has chosen U.S. Private Equity firm Bain Capital for the acquisition of 51% of this unit.
Posted to Maritime Reporter
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June 25, 2026
Bloomberg reported that Steffen Meister, the Chairman of Partners Group, said that the company may reduce slightly in size its evergreen funds while still sticking to its overall strategy. This comes after a recent cap on withdrawals from a private equity fund.
Posted to Maritime Reporter
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June 25, 2026
The Kremlin announced on Thursday that Moscow would 'explore its legal options to the fullest extent possible' if Russian crude from a tanker captured by Britain in this month was sold. The Daily Telegraph reported that Britain could hold an auction in order to sell the '100…
Posted to Maritime Reporter
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June 25, 2026
The Kremlin said on Thursday that it would 'explore its legal options and use them to the maximum extent possible' if Russian crude from a tanker captured by Britain in this month was sold. The Daily Telegraph reported that Britain could hold an auction to dispose of the 100…
Posted to Maritime Reporter
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June 25, 2026
The Kremlin denied on Thursday a Wall Street Journal article that claimed that it was pressuring Belarus to back an "expansion" of Russia's war against Ukraine. The WSJ reported Wednesday that Russia was looking to Belarus as a launchpad to…
Posted to Maritime Reporter
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June 25, 2026
The?shares of Volkswagen rose 2.4% on Friday following the?announcement that a majority of its engine unit Everllence would be sold in a deal expected to bring in EUR7,4 billion ($8,41 billion) as the automaker continues with its restructuring.
Posted to Maritime Reporter
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June 25, 2026
Three industry sources who were briefed about the plan said that China would increase the amount of refined gasoline its state-owned refiners can export from June to July. China is Asia's biggest fuel exporter and the increased allowance will?ease…
Posted to Maritime Reporter
on
June 24, 2026
Taiwan thanked the U.S. and Britain for raising the alarm over the Chinese Coast Guard and other activities near the east coast of the island. The government said that freedom of navigation is essential to global trade. China, which considers democratically-governed Taiwan to be its territory…
Posted to Maritime Reporter
on
June 24, 2026
The Financial Times reported that Bain Capital was'set to acquire a majority stake in Volkswagen Marine Engine Unit Everllence. This report was based on people who are familiar with the situation. According to the report, it is estimated that the?unit will be worth?about EUR8.5 billion.
Posted to Maritime Reporter
on
June 24, 2026
France will have a much easier time navigating the World Cup when it faces?Norway on?Friday in the final match of Group I. However, finishing first could mean they are facing the most difficult road to the title. France is assured of a spot in the round 32 following victories over Senegal…
Posted to Maritime Reporter
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June 24, 2026
The Rheinmetall share price fell by more than 16 percent on Wednesday, after the German defence ministry cancelled a delayed F126 frigate program for which Rheinmetall was the main contractor. According to stock exchange data, by 0906 GMT, Rheinmetall shares were down 13%…
Posted to Maritime Reporter
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June 24, 2026
Britain, France, and Germany have raised concerns?on Wednesday? about recent Chinese activities near the east coast Taiwan. China has been mounting coast guard patrols and they are threatening regional stability and freedom to navigate. China…
Posted to Maritime Reporter
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June 23, 2026
Norway's World Cup supporter made headlines by refusing to join his countrymen in their viral Viking-inspired rowing gesture. While Erling Haaland's team secured Norway's passage into the knockout rounds with their 3-2 victory over Senegal,…
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June 23, 2026
Kim Jong Un, North Korea's leader, said that the country should build a pair of warships every year, as big as its 5,000 metric ton Choe Hyon vessel, in the next five years. This was revealed by state media KCNA at a ceremony for a destroyer held on Tuesday.
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June 23, 2026
The United Nations shipping agency announced on Tuesday that an evacuation plan is in place to allow hundreds of ships with some '11,000 seafarers stranded' in the Gulf, to pass through the Strait of Hormuz. A spokesperson for the U.N. said…
Posted to Maritime Reporter
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June 23, 2026
The Taiwanese Defence Ministry reported that China's most advanced and newest aircraft carrier,?the Fujian?, sailed across the Taiwan Strait on Tuesday. This was the first mission in the sensitive waterway since April. Taiwan, which Beijing considers its territory…
Posted to Maritime Reporter
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June 23, 2026
U.S. Ambassador in the Philippines announced on Tuesday that the U.S. Government has given four Ocean Aero Triton underwater and surface vehicles to the Philippine Military to improve its ability to monitor?waters of the country and identify?potential threats.
Posted to Maritime Reporter
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June 23, 2026
Norway's players performed the "rowing", a celebration that became iconic for their fans at the World Cup, after reaching the knockout stages with a nervous 3-2 victory over Senegal. Red-clad Norwegians have done their Viking Row in stadiums, escalators, and even Times Square in New York.
Posted to Maritime Reporter
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June 22, 2026
Ship tracking data shows that two crude 'tankers' with less than?2,000,000 barrels of oil sailed through the Strait of Hormuz?on Monday. This is a sign of increased traffic after Sunday’s lower flows due to concerns about passage -through the waterway.
Posted to Maritime Reporter
on
June 22, 2026
Analysts and traders said that the next season will be a 'grinding experience for European Union wheat exporters. The main customer, Morocco, is expected to import less due to its recovery from drought, while rival Black Sea producers are likely to continue to trade.
