International Submarine Symposium Looks Ahead to Gathering in Hamburg for 2026
The World Submarine Organization (WSO) and Submersible Operators Group (SOG), in partnership with the MTS Submarine Committee and Det Norske Veritas (DNV), have announced the 23rd International Submarine Symposium, scheduled for September 15–18, 2026 at the International Maritime Museum and DNV Headquarters in Hamburg, Germany.This four-day symposium will bring together industry leaders, submarine operators, researchers, regulators, and innovators from around the world to explore advancements in submarine technology, operational best practices, and safety standards.
Countries Respond as Trump Calls for Global Support in Securing Strait of Hormuz
U.S. President Donald Trump called on allies over the weekend to help secure the Strait of Hormuz as Iranian forces continue attacks on the vital waterway amid the U.S.-Israeli war on Iran, now in its third week.Trump said his administration has already contacted seven countries, but declined to identify them. In an earlier social media post, he said that he hoped China, France, Japan, South Korea, Britain and others would participate.Iran has effectively shut the Strait, a narrow passage of water between Iran and Oman…
German Maritime Industry Calls for Political Action Plan
Germany’s maritime sector is poised for significant growth, but industry leaders warn that clearer political priorities and stronger policy support are needed to fully capitalize on the opportunity.That was the message delivered jointly by the German Shipbuilding and Ocean Industries Association (VSM) and IG Metall Küste during a press conference in Hamburg on March 16, where both groups called for a decisive national action plan to support shipbuilding and marine technology.“Shipbuilding…
EU to Discuss Bolstering Middle East Naval Mission
European Union foreign ministers will discuss on Monday bolstering a small naval mission in the Middle East but are not expected to decide on extending its role to the choked-off Strait of Hormuz, diplomats and officials say.The EU’s Aspides mission was established in 2024 to protect ships from attacks by Yemen’s Houthi rebel group in the Red Sea. It currently has an Italian and a Greek ship under its direct command and can also call upon a French ship and another Italian vessel…
Twenty Five Ships From Seven German Companies Stranded in Strait of Hormuz
At least 25 ships from seven German maritime companies, including two cruise ships carrying about 7,000 passengers, are stranded in Gulf waters and cannot leave through the Strait of Hormuz for security reasons, Germany's shipowners' association VDR said on Monday without naming the companies. Dertour and TUI Cruises said earlier they had suspended or adjusted travel plans across the Middle East after U.S. and Israeli strikes on Iran spurred retaliatory action.Some details from…
Rosneft Oil Refinery Warns of US Sanctions
Management at a Russian-owned oil refinery in Germany have privately warned Berlin that U.S. sanctions are hurting its business and threatening fuel supply for the country's capital and the region, according to correspondence seen by Reuters.In a January letter, management of the PCK Schwedt refinery, controlled by Rosneft, made an "urgent appeal" to economy and energy minister Katherina Reiche to resolve a standoff with the United States over the refinery's future.The letter outlines escalating problems at the refinery…
Denmark, Germany Agree to Proceed with Bornholm Energy Island Wind Project
Denmark's Prime Minister Mette Frederiksen said on Monday that her country has agreed with Germany to jointly proceed with the Bornholm Energy Island, a large offshore wind project.Frederiksen was speaking at a press conference at an energy conference in Hamburg alongside German Chancellor Friedrich Merz.(Reuters)
TKMS Submits Non-Binding Bid to Buy German Naval Yards
German warship maker TKMS has submitted a non-binding bid for smaller peer German Naval Yards (GNYK), the company told Reuters on Thursday."Discussions between our two companies will continue with an open outcome," TKMS said in an emailed statement, without disclosing any details around the offer.TKMS, which was spun off from parent Thyssenkrupp in October, last month said it expected to decide soon on whether to buy GNYK, reflecting its ambition to expand in light of growing demand for defence equipment.GNYK is part of the family-owned CMN Naval group - a French shipbuilder active in naval an
Shipbuilding a Bright Spot for German Industry in 2026
A majority of German business associations expect job cuts in 2026 as the country's economic crisis persists, with industry hit hardest by global protectionism and weak exports, a survey by the German Economic Institute IW showed on Monday.Of 46 business associations surveyed, 22 anticipate workforce reductions next year. Only nine expect to increase hiring and 15 foresee stable employment levels.The automotive, paper and textile industries are among those expecting production declines.
German Shipbuilding: 2025 Review, 2026 Outlook
If 2025 proved anything for Germany’s shipbuilding and marine equipment sector, it is that the industry retains both resilience and relevance, even amid geopolitical turbulence. According to The Association for Shipbuilding and Marine Technology (VSM), the year closed with strong order activity, renewed investor confidence and a clear signal that German yards and suppliers remain essential to Europe’s maritime industrial base.One of the year’s most tangible confidence boosters came early.
TKMS to Decide on German Naval Yards Kiel Purchase
German warship builder TKMS expects to decide in the next few weeks on whether to buy neighbouring shipyard German Naval Yards Kiel (GNYK), its CEO Oliver Burkhard said on Monday, as the group considers expansion to meet rising demand.TKMS, which was spun off from parent Thyssenkrupp in October, already bought insolvent shipbuilder MV Werften in 2022, and a purchase of GNYK would further increase its capacity at a time when governments boost defence spending.Talks with GNYK, which is owned by France-based shipping group CMN Naval…
Steelpaint Secures Corrosion Protection Contracts for Germany's Inland Waterways
Steelpaint GmbH has reported strong growth in orders for corrosion protection coatings on Germany’s inland waterways, with a succession of new contracts awarded by local authorities and hydraulic engineering contractors throughout 2025.Among the raft of new projects is the work WSA Main is carrying out on the Main River at Viereth-Trunstadt. The Main is a major tributary of the Rhine forming one of Europe’s most important inland transport routes between the North Sea and the Black…
Germany Launches €6b Industrial Decarbonization Program
German Economy Minister Katherina Reiche on Monday unveiled a 6 billion euro ($7 billion) funding initiative aimed at industrial decarbonisation, incorporating carbon capture and storage (CCS) technology into the country's climate protection contracts for the first time.The program targets energy-intensive sectors such as chemicals, steel, cement and glass, as Germany navigates stringent climate targets amid concerns over industrial competitiveness. Companies have until December 1 to register projects for next year's bidding process.Bidding is set to launch mid-2026…
German Shipbuilder Reportedly Eyed by Rheinmetall
European defense giant Rheinmetall has signalled interest in taking over German shipbuilder Naval Vessels Luerssen, industry sources told Reuters on Wednesday, as the Duesseldorf-based firm looks to expand into the naval business.According to the Bild newspaper, which first reported Rheinmetall's plans, the supervisory board intends to consider the purchase in the coming weeks.According to Bild, the Luerssen family, who own the shipbuilder, plan to divest its military shipyards in Hamburg…
Electric Passenger Ship Completes Range Test on Lake Constance
On July 10, 2025, the electric solar passenger ship "Insel Mainau," designed and built by Ampereship GmbH, completed a range test on Lake Constance. During a 19-hour continuous journey, the all-electric catamaran covered exactly 211.3 kilometers on the lake, with a remaining battery capacity of 20 percent. The ship was back in regular operation the very next day.The 300-kilometers mark would have been possible in a test designed exclusively for range. Another record journey is…
Germany’s Maritime Sector: Steady Growth Amid Global Headwinds
Order intake, exports, and green technology demand fuel confidence for 2025Germany’s maritime equipment and offshore supply industry is posting steady growth in 2024 and setting an optimistic course for 2025, according to new figures released by the VDMA Marine Equipment and Systems Association.With an average turnover increase of 5.5% in 2024, German maritime suppliers are proving resilient in the face of global supply chain volatility, geopolitical tensions, and a fiercely competitive international market.
Germany Pledges Additional Measures Against Russia's "Shadow fleet"
Germany has pledged additional measures to further counter Russia's so-called "shadow fleet" operating in the Baltic and North Sea, the foreign ministry said on Tuesday in a statement.Western sanctions aimed at cutting Russia's oil revenues following its invasion of Ukraine have led to the rise of a vast "shadow fleet" of tankers that helps Moscow to keep its crude exports flowing.From Tuesday German authorities have begun questioning passing tankers about their insurance coverage against oil pollution damage, the foreign ministry said, adding that the insurance coverage of "shadow fleet" vess
Low Rhine River Levels Limit Fully Loaded Shipping Vessels
A heat wave in western Europe has lowered water levels on Germany's Rhine River, hampering shipping and raising freight costs for cargo owners due to additional surcharges as their vessels were unable to sail fully loaded, commodity traders said on Monday.Low water has limited shipping on all of the river south of Duisburg and Cologne, including the chokepoint of Kaub, traders said.At Kaub, cargo vessels could only sail about 50% full, at Duisburg and Cologne between 40-50% full.Shallow water leads vessel operators to impose surcharges on freight rates to compensate for the vessels being unabl
Most G7 Members Ready to Lower Russian Oil Price Cap Despite US Engagement
Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said.G7 country leaders are due to meet on June 15-17 in Canada where they will discuss the price cap first agreed in late 2022. The cap was designed to allow Russian oil URL-E to be sold to third countries using Western insurance services provided the price was no more than…
Rhine River: Ships Able to Increase Loads After Rise in Water Levels
Rain over the Easter weekend in Germany has raised Rhine river water levels, with vessels able to carry more cargo, though the river is still too shallow for normal sailings, commodity traders said on Tuesday.Extreme lack of rain in March and April resulted in low water levels hampering April shipping on all of the river south of Duisburg and Cologne, including the chokepoint of Kaub, traders said.In northern regions around Duisburg vessels were able to sail about 80% full, against only half full last week…
Rhine River: Rising Levels Allow For Increased Shipping Capacity
Rain in past few days has raised Rhine river water levels in Germany, with vessels able to carry more cargo although most are still sailing around half full, commodity traders said on Thursday."Large volumes of rain have fallen in the Rhine region in past days and there has been an improvement in the low water problem," one trader said. "More rain is forecast and if it actually arrives, the parts of the Rhine could see a significant recovery next week, although water is still…
German Court to Review Seizure of Russian "Shadow Fleet" Tanker
A German court will weigh a request to release a seized oil tanker that is believed to be part of a so-called shadow fleet used by Russia to circumvent oil sanctions, Germany's finance ministry said on Monday.The Panama-flagged vessel, the Eventin, was found drifting out of control off Germany's Baltic Sea coast in January.
Rhine Shipping Costs Rise as River Level Falls Further
Freight shipping costs on the Rhine river in Germany surged this week as water levels fell further, compelling vessels to sail less than half full, commodity traders said on Thursday.Freight deliveries were still taking place, with loads divided among more vessels, which increases costs for cargo owners. But rain is at last forecast for next week, which could raise river levels, they said.Prices for a tanker freighter sailing from Rotterdam to Karlsruhe rose to about 80 euros ($88.58) a tonne of cargo from 46 euros last week and 34 euros in late March…