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Fincantieri Italy and KAYO will work together to strengthen Albania's Navy

Posted to Maritime Reporter on April 29, 2026

Fincantieri, an Italian shipbuilder, and Albanian KAYO have formed a joint-venture to build and maintain vessels for Albania. The country is seeking to modernize its military infrastructure and deepen its NATO connections. According to a joint statement from the government and the company…

Australia and Japan sign contracts for $7 billion warships deal

Posted to Maritime Reporter on April 18, 2026

Japan and Australia signed contracts Saturday, launching a landmark A$10 Billion ($7 Billion) -deal to supply Australia warships. This is Tokyo's most consequential military sale since ending the?military trade ban in 2014. Marles stated that the Defence Ministers Richard Marles…

The Italian parliament supports the donation of an aircraft carrier to Indonesia

Posted to Maritime Reporter on April 28, 2026

The Italian parliament voted on Tuesday to support a government proposal to donate an old?aircraft-carrier to Indonesia. This would strengthen relations with an ally and avoid the cost of dismantling an outdated asset. Garibaldi, a 54 million euro (63 million dollar) vessel…

Hanwha Ocean: Ship demand is uncertain amid Iran War

Posted to Maritime Reporter on April 27, 2026

In its 'earnings report for the first quarter, Hanwha Ocean said that the conflict in the Middle East is causing uncertainty in the demand for commercial ships. The company stated that the Iran War has had a significant impact on the market for large 'crude carriers' (VLCCs)…

India and South Korea to push for $50 billion in trade with new agreements

Posted to Maritime Reporter on April 20, 2026

India and South Korea announced on Monday they will expand their economic ties through a?expansion of cooperation in energy and critical minerals as well as shipbuilding, semiconductors and steel. They aim to double their trade by 2030. New…

South Korea's Lee will seek a big boost in economic relations in a summit with India's Modi

Posted to Maritime Reporter on April 19, 2026

On Monday, South Korean President Lee Jae Myung will meet with Indian Prime Minister Narendra Modi at New Delhi, to discuss a boost in economic co-operation, especially in shipbuilding. This is the first visit of a South Korean president to India in 8 years.

Gulf markets fall amid Middle East conflict escalation; Saudi edge higher

Posted to Maritime Reporter on March 30, 2026

The Gulf stock markets fell in early trading on Monday after Yemen's Houthis attacked Israel?overnight, further escalating U.S. and Israel conflict with Iran -and its proxies - in the Middle East. Donald Trump, the U.S. president, said that…

Norway increases its long-term defense plan by $12 billion

Posted to Maritime Reporter on March 27, 2026

The government announced on Friday that Norway will increase its defence expenditures by 115 billion crowns (about 11.87 billion dollars) between now and 2036 to compensate for the rising costs of military equipment. According to the government…

Fincantieri, the shipbuilder, confirms its outlook for 2025 as profits soar.

Posted to Maritime Reporter on March 25, 2026

The underwater business segment, which saw an 88% increase in revenue, was the main driver of this?fourfold? jump. The shares of the Trieste-based firm rose up to 7.5% after the results. State-controlled shipbuilder reiterated their 2026 'targets' for revenue between 9.2 and 9.3 billion euro…

Gabler shares drop below the offer price at Frankfurt debut

Posted to Maritime Reporter on March 9, 2026

Gabler Group shares fell below the?offer?price? in a debut at the Frankfurt Stock Exchange on Monday after rising earlier in the day. The shares fell below the 44 euro offer price at 1349 GMT after reaching 49.1 earlier in the day. At its final price, the company valued itself at 266 millions euros.

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on March 6, 2026

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. BANIJAY GROUP N.V. Dutch content production and distribution company Banijay Group announced a full-year revenue totaling 4.88…

Bloomberg News reports that Thoma Bravo is close to a deal with WWEX for a $12 billion shipping technology firm.

Posted to Maritime Reporter on March 2, 2026

Bloomberg News reported that U.S. private equity firm Thoma Bravo is in advanced talks to purchase third-party logistics provider WWEX Group. This would create a shipping tech business worth up to $12 billion. The report said that the buyout…

Italian defence group Leonardo beats 2025 guidance, cuts debt

Posted to Maritime Reporter on February 25, 2026

Leonardo, the Italian defence group, posted a '2025 result that was above its financial targets. It also saw a significant improvement in its debt and an increase in key indicators. New orders increased 14.5% on an annual basis to 23.8 billion euros ($28.09billion)…

The CEO of German shipbuilder TKMS, calls for consolidation in the industry

Posted to Maritime Reporter on February 24, 2026

In a'speech' published on Monday, the chief executive of TKMS, a -German warship builder - called for consolidation in the defence.industry. He said that money alone cannot build ships, and that the deciding?factor is how quickly industry and clients can act together.

Fincantieri, the Italian shipbuilder, will increase revenue and profit margins by focusing on defence

Posted to Maritime Reporter on February 12, 2026

Fincantieri pledged on Thursday to 'double its core profits to 1.25 billion euros ($1.49billion) by 2030, under a new multi-year defence-focused strategy. This will also double the'shipyard production capacity of 'Italy and expand its underwater business.

Fincantieri, Italy, partners with Generative Bionics for a humanoid robot to weld.

Posted to Maritime Reporter on February 12, 2026

Italian shipbuilder Fincantieri announced a partnership on Wednesday with the 'deep-tech company, 'Generative Bionics' to develop a humanoid robot that will work alongside its workers in shipyards. Fincantieri’s shipyard in Genoa, Italy, will begin testing the robot by 2026.

TKMS, a submarine manufacturer, has a record backlog of orders worth $22 billion and is raising its sales forecast.

Posted to Maritime Reporter on February 11, 2026

German submarine manufacturer TKMS announced a record-breaking $22 billion backlog of orders on Wednesday. They also raised their 2026 sales forecast, citing a surge in demand for warships during a period of increasing geopolitical tensions.

Balich, the director of the Olympics, says that athletes' parades have made ceremonies run long

Posted to Maritime Reporter on February 10, 2026

Creative director Marco Balich said that the opening ceremony for the Milano Cortina Winter Olympics in Italy was a complex show, staged at four different locations. Its length could be attributed to the exuberance and fervor of the athletes.

Wartsila order misses forecast but data centres are still on track

Posted to Maritime Reporter on February 4, 2026

Wartsila, the Finnish engineering company, missed its fourth-quarter order forecasts on Tuesday due to U.S. tariffs on batteries and increased competition in their energy storage business. Even though CEO Hakan AGnevall said that there were…

Taiwan successfully completes the first underwater trial of a domestically-made submarine

Posted to Maritime Reporter on January 30, 2026

Taiwan completed its first underwater sea test for its domestically developed sub on 'Thursday. This is a major milestone in a program aimed at strengthening the deterrence against the Chinese navy, and protecting important sea lanes if war breaks out.

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