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South Korea's Yoon and Trump discuss security relations, shipbuilding, Seoul official claims

Posted to Maritime Reporter on November 6, 2024

A senior South Korean official revealed on Thursday that South Korean President Yoon Suk Yeol spoke with Donald Trump, the U.S. president-elect. They discussed maintaining close ties in all fields including security and economy. The official…

Thyssenkrupp's CFO: Possible spin-off of the marine division in 2026

Posted to Maritime Reporter on October 29, 2024

Thyssenkrupp's CFO confirmed that the company is working to spin off its warship division, after Carlyle pulled out of a bid last week. The group has set a realistic date for such a move, 2026, as an example. A spin-off within the next calendar year is ambitious, in my opinion.

Carlyle stops bidding procedure for Thyssenkrupp marine arm

Posted to Maritime Reporter on October 22, 2024

, the German company stated on Tuesday. Czech billionaire Daniel Kretinsky. Thyssenkrupp stated in a reaction to emailed concerns. Thyssenkrupp shares fell as much as 3.7% on the news. partnerships. Carlyle decreased to comment. decreased to offer more details. billion euros ($ 1.73 billion).

Carlyle leaves of bidding procedure for Thyssenkrupp marine system

Posted to Maritime Reporter on October 22, 2024

said on Tuesday. Thyssenkrupp stated in a response to emailed concerns. constructs submarines and frigates. Carlyle decreased to comment. group's continuous restructuring, which also includes prepare for a. 50:50 steel joint venture with Czech billionaire Daniel. Kretinsky.

Australia invests billions in nuclear submarine shipyard

Posted to Maritime Reporter on October 15, 2024

Australia announced on Wednesday that it will invest billions of dollar over the next 20 years to expand a Western Australia shipyard, which would be the maintenance hub for the nuclear-powered AUKUS sub fleet. Defence Minister Richard Marles…

Defence Force: New Zealand Naval vessel runs aground in Samoa

Posted to Maritime Reporter on October 5, 2024

The New Zealand Defence Force released a statement saying that a Royal New Zealand Navy vessel ran aground on the southern coast of Upolu, Samoa, on Saturday. Commodore Shane Arndell of the New Zealand Defence Force's maritime component said…

Financial Times - Sept 26

Posted to Maritime Reporter on September 25, 2024

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. Keir starmer will travel to Brussels next week, where he will meet Ursula von der Leyen of the European Commission…

German lawmakers approve rescue of Meyer Werft shipbuilder, say the German parliament

Posted to Maritime Reporter on September 11, 2024

Members of the Budget Committee told the German lower house and Lower Saxony's state parliament on Wednesday that they had approved the rescue of Meyer Werft - one of the largest cruise ship builders in the world. The shipbuilder has a financing gap of almost 2.8 billion euros ($3.1 billion)…

Sources say that the German state government is likely to buy 80% of a shipbuilder.

Posted to Maritime Reporter on August 27, 2024

Two sources with knowledge of the situation said on Tuesday that the German government and the state of Lower Saxony will likely acquire around 80% of Meyer Werft in order to secure the company's future as one of the largest cruise shipbuilders in the world.

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…

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…

British Business – July 23,

Posted to Maritime Reporter on July 23, 2024

These are the most popular stories in the British business pages. These stories have not been verified and we cannot vouch their accuracy. LVMH, the luxury goods conglomerate, and its billionaire founder bought a stake of Bicester Village as…

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.

Italian companies bridge the skills gap by owning their own education

Posted to Maritime Reporter on July 2, 2024

Federico Olivieri (29), a farm worker who had worked informally for years, was shocked to see a large building site next to his Sicilian home, with the training offered for the many specialised jobs needed. The Webuild programme is one of many 'academies…

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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