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US crude exports in India reached a 2-year high in February as Russia sanctions bite

Posted to Maritime Reporter on March 6, 2025

Ship tracking data revealed that U.S. crude oil exports to India reached their highest level in two years last month, as refiners sought alternatives to Russian tankers and producers after the U.S. tightened sanctions. Kpler's ship tracking data showed that the U.S.

The Royal Navy of the UK monitors the latest Russian warship to sail through Channel

Posted to Maritime Reporter on March 5, 2025

The Royal Navy of Britain said Wednesday that it had monitored a Russian merchant ship and a warship this week as they traveled through the English Channel to the North Sea. The Royal Navy stated that HMS Somerset "watched each move" while Russia's…

Norway's Subsea Seven core profit to increase 53% by 2024

Posted to Maritime Reporter on February 27, 2025

Subsea 7 - a Norwegian energy services group that plans to merge its Italian rival Saipem - announced on Thursday that its core profit increased 53% in the last year, as per its previous guidance. Subsea 7 announced adjusted earnings before taxes…

Saipem claims Subsea 7, Inc. merger is driven by fleet expansion

Posted to Maritime Reporter on February 26, 2025

The CEO of Italy's Saipem group stated on Wednesday that the rationale behind a merger of Italy's Saipem with Norway's Subsea 7 was to combine fleets to better serve customers and reduce costs. On Sunday, the two companies announced their intention…

Copenhagen Infrastructure Partners buys Morecambe Wind Project

Posted to Maritime Reporter on February 26, 2025

The fund manager announced on Wednesday that Copenhagen Infrastructure Partners had agreed to purchase an offshore wind project from COBRA Group and Flotation Energy in Britain. Morecambe is a 480 megawatt offshore wind project located in the Eastern Irish Sea, off the coast of Lancashire.

Japan's ANA orders 77 jets from Boeing, Airbus and Embraer

Posted to Maritime Reporter on February 25, 2025

ANA Holdings, a Japanese airline, said it would place a record-breaking order of up to 77 planes to replace its fleet and capitalize on the growing travel demand. ANA reported that the order, which was its biggest ever in terms aircraft numbers…

Airbus builds communication network for French Air and Naval Forces

Posted to Maritime Reporter on February 25, 2025

Airbus, a European aerospace and planemaker, announced on Tuesday that it would build the French Air and Naval Force's communications network under a contract worth up to 480 million euro ($502.46million). Airbus Defence and Space and Naval…

Romanian Black Sea Offshore Gas Project gears up for drilling

Posted to Maritime Reporter on February 25, 2025

The sun glares into the navigation room of Transocean Barents semi-submersible drill rig, which is anchored in Romania’s Constanta port. The Mighty Barents, also known as the Mighty Barents, will be traveling 160 kms to the sea in a few weeks and will begin drilling the 10 wells of Neptun Deep.

Thyssenkrupp will hold a shareholder meeting before the spin-off of its warship division, CEO tells Podcast

Posted to Maritime Reporter on February 25, 2025

Thyssenkrupp will hold an extraordinary general assembly to complete a spin-off in the warship division in this calendar year. This was revealed by Chief Executive Miguel Lopez in a podcast published on Tuesday. Lopez, speaking on a podcast by the German newspaper WAZ…

Meloni, an Italian company, has secured a pledge of investment worth 40 billion dollars from the UAE.

Posted to Maritime Reporter on February 24, 2025

At a Rome bilateral summit, the United Arab Emirates announced that it plans to invest 40 billion dollars in Italy. The two countries did not give a timeframe. Since taking office as Italian Prime Minister in 2022 Giorgia Mello has sought to strengthen ties with Gulf nations…

La Repubblica reports that Saipem is close to a merger with Subsea 7, a rival oil services company.

Posted to Maritime Reporter on February 23, 2025

The Italian newspaper La Repubblica, without citing any sources, reported that the Italian oil services firm Saipem was close to merging with its Norwegian competitor Subsea 7. The paper did not provide any further financial information. Several years ago…

Key Takeaways From Trump-Putin Talks: Ukraine, Energy, NATO, Sanctions

Posted to Maritime Reporter on February 20, 2025

The first meeting between Russia and the United States since the beginning of the Ukraine conflict was held to restore relations and prepare the ground for a peaceful resolution. What has been discussed so far? UKRAINE WAR Donald Trump, the U.S. president, says that he wants a quick end to the war.

North Korea criticizes US over AUKUS nuclear submarine deal

Posted to Maritime Reporter on February 19, 2025

North Korean state-run media on Thursday criticised the United States over a nuclear submarine agreement with Australia signed under the AUKUS Partnership in 2021. A KCNA commentary said that Washington should be cautious about the consequences of what they called nuclear alliances.

Spain arrests the crew of a migrant boat following eight deaths including a baby

Posted to Maritime Reporter on February 19, 2025

The Civil Guard announced on Wednesday that seven members of the crew of an overcrowded migrant boat from Senegal arrived in the Canary Islands last December. They were arrested for the alleged murder of eight passengers including a toddler.

EU Wheat Exports are now more confident

Posted to Maritime Reporter on February 13, 2025

Euronext Wheat Futures declined for a third consecutive day on Thursday, as the strength of the euro and the results of an Algerian tender highlighted a weak outlook for exports in Western Europe. The price of a metric tonne of March wheat traded on Paris' Euronext closed 0.4% lower at 231…

Thyssenkrupp increases its free cash flow forecast on submarine orders

Posted to Maritime Reporter on February 13, 2025

Thyssenkrupp, the industrial conglomerate, raised its forecast for free cash flow on Thursday. It cited 1 billion euros in advance payments related to a large submarine order from the German military. The company expects to have a free clash flow between 0 and $300 million euros by 2025.

FranceAgriMer reduces soft wheat export forecast by a new low

Posted to Maritime Reporter on February 12, 2025

The French farm office FranceAgriMer has lowered its forecast for French soft wheat exports to outside the European Union by 2024/25, a record low in this century. This is due to a slow demand from overseas for a French crop that was reduced by rain.

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on February 11, 2025

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. ARCELORMITTAL On Monday, President Donald Trump raised the tariffs on imports of steel and aluminum to a flat rate of 25% "without any exceptions or exclusions".

Dorange is the youngest person to ever complete Vendee Globe, at age 23

Posted to Maritime Reporter on February 9, 2025

Violette Dorand, 23 years old, became the youngest person to complete the Vendee Globe. She completed the exhausting solo yacht race around the world on Sunday. Dorange finished the race in the 25th position after 90 days, 21 hours, and 37 minutes of sea travel.

SailGP Sydney: Britain wins thrilling final in Sydney

Posted to Maritime Reporter on February 9, 2025

Dylan Fletcher’s Britain defeated Giles Scott’s Canada in an exciting final on Sydney Harbour on Sunday to win the third round of SailGP and extend their lead in the series standings. Australia with Tom Slingsby as the skipper had won three…

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