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China will use its shipyards in future conflicts to defeat the US

Posted to Maritime Reporter on August 8, 2024

The world's biggest amphibious assault vessel has grown from nothing into an impressive hull in a drydock built at China's Changxing Island Shipbuilding Base, outside Shanghai. Experts say it could launch as early as 2025. If satellite photos are correct…

Australia signs $1.4 billion deal to upgrade submarines

Posted to Maritime Reporter on July 27, 2024

Australia announced on Saturday that it had signed a four-year A$2.2 billion (USD1.4 billion) contract with the state-owned sub-builder ASC for upgrading its Collins class submarines. Defence Industry Minister Pat Conroy stated that the "sustainment…

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.

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.