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Financial Times - Aug 2

Posted to Maritime Reporter on August 1, 2024

These are the most popular stories from the Financial Times. These stories have not been verified and we cannot vouch their accuracy. After a lengthy investigation into accusations of corruption by UK listed commodity trader Glencore in Africa…

Fincantieri to get Italy's chief auditor of state as its chairman

Posted to Maritime Reporter on August 1, 2024

A company announcement said that the board of Fincantieri, Italy's state-owned shipbuilder, selected Biagio Mzzotta as its chairman. He is currently head of Italy's state audits, which reports to Italy’s Economy Ministry. Mazzotta replaces Claudio Graziano who passed away in June.

Leonardo continues to grow at double-digit rates in the first half of this year

Posted to Maritime Reporter on July 30, 2024

Leonardo, an Italian aerospace and defense group, continued to grow its revenues, orders and profits by double digits in the first six months of this year as it pursued its expansion strategy in European defence programs. The first-half results…

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.

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…

Harland & Wolff CEO Harland & Wolff steps down as the debt crisis intensifies

Posted to Maritime Reporter on July 23, 2024

Harland & Wolff, a Belfast-based shipbuilder, announced on Friday that it had been in urgent discussions with its principal lender to address its near-term funding needs as well as explore strategic options for the future. The shipyard that…

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.

German government looks at lifeline for struggling luxury shipbuilder

Posted to Maritime Reporter on July 3, 2024

A spokesperson for the German economy ministry said that the government may consider supporting Meyer Werft, which is one of the largest cruise ship builders in the world. The company, which is struggling to cut costs, has planned hundreds of job cuts.

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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