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Wall Street Journal, March 7, 2019

Posted to Maritime Reporter on March 7, 2025

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. SpaceX's Starship rocket exploded in the space on Thursday, just minutes after it lifted off from Texas. The FAA halted air traffic in some parts of Florida.

German-Indian joint venture emerges as the sole bidder for India's $5 billion submarine deal

Posted to Maritime Reporter on January 23, 2025

According to a stock exchange filing, German shipbuilder ThyssenKrupp, along with its Indian partner, has cleared field trials in order to build six advanced conventional subs for the Indian Navy. An Indian defence source claimed that their potential competitor…

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…

Owner of Russian cargo ship that sank near the coast of Spain says it was an 'act' of terrorism.

Posted to Maritime Reporter on December 25, 2024

The owner of the Russian cargo vessel Ursa Major, which sank into the Mediterranean Sea on Wednesday, said that the ship was a victim of an "act of terrorism". This statement came from the state news agency RIA. Two of the 16 crew members were reported missing after an explosion in the engine room.

Financial Times - Nov. 6

Posted to Maritime Reporter on November 5, 2024

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. The Competition and Markets Authority (UK's competition regulator) has approved the domestic…

KKR-backed Malaysian OMS signss contract with Dutch firm for cable-laying vessel

Posted to Maritime Reporter on October 28, 2024

OMS Group, a KKR backed Malaysian digital subsea infrastructure company, announced on Monday that it had signed a contract for the construction of a number of cable-laying ships with Dutch maritime firm Royal IHC. OMS stated in a press release…

Fincantieri, Italy's radar manufacturer, signs MoU with Qatar

Posted to Maritime Reporter on October 22, 2024

Fincantieri, an Italian company, signed on Tuesday a Memorandum of Understanding (MoU), which was owned by the Ministry of Defense of Qatar. The MoU is for the development of a joint short-range radar. A source familiar with the deal said that…

Scholz Promises State Support to Secure Future of Historic Meyer Werft Shipyard

Posted to Maritime Reporter on August 22, 2024

On Thursday, during a trip to Meyer Werft to meet with workers, Olaf Scholz, the German Chancellor, assured them that the German government was working on a deal for the shipyard, which is 229 years old and is one of the largest cruise ship builders in the world.Scholz…

Sources say that Germany is planning to take a majority stake in the troubled cruise shipbuilder.

Posted to Maritime Reporter on August 22, 2024

Sources familiar with the situation said on Thursday that the German government intends to buy a majority stake in Meyer Werft - one of the top cruise ship builders in the world - as part of its support for the company. Sources said that Chancellor Olaf Scholz…

Meloni, Italy's Meloni, to visit China with a trade and investment agenda this week

Posted to Maritime Reporter on July 24, 2024

A person involved in planning said that Giorgia Melons first visit to China since she took office will be from July 26-31. She is hoping to improve trade between China and Italy. Meloni is expected to meet Chinese Premier Li Qiang and President Xi Jinping.

Financial Times - July 19,

Posted to Maritime Reporter on July 23, 2024

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch for the accuracy of these reports. Overview - On Thursday, the Bank of England announced that it was experiencing a temporary outage of its CHAPS interbank payments system.

UK adds 11 names to Russia sanctions list

Posted to Maritime Reporter on July 23, 2024

An official notice published on Thursday showed that Britain has added 11 new sanctions to its Russia sanctions regime in relation to the conflict in Ukraine. The government stated that the sanctions against ships such as Zaliv Amurskiy, SCF…

US, Canada and Finland launch efforts to build icebreaking ships while China and Russia collaborate in Arctic

Posted to Maritime Reporter on July 11, 2024

A senior U.S. official announced that the U.S. will be forming a consortium with Canada and Finland to build icebreakers. This move is intended to boost shipbuilding among allies and to counter Russia and China's increasing influence in strategic polar regions.

British Business – July 2,

Posted to Maritime Reporter on July 2, 2024

These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch for the accuracy of these reports. Revolut's profits reached record levels last year, thanks to higher interest rates.

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