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August 8, 2025
Thyssenkrupp shareholders will vote on Friday on the planned spin-off its defence division, amid expectations that its value may increase due to a radical change in European defence spending. NATO members in Europe are increasing their defense budgets as a response to Donald Trump's stance.
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August 6, 2025
The company announced on Wednesday that the Dubai-based oil trading firm 2Rivers (formerly Coral Energy) has begun the formal dissolution process following the sanctions imposed by Britain and the European Union. The company said it took the decision with great regret…
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August 5, 2025
The U.S. Coast Guard's investigative board found Tuesday that "inadequate" design of the Titan submersible played a major role in its 2023 implosion, which left five people dead. Titan, a British passenger ship that sank on the seabed in 1912 killing more than 1…
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August 5, 2025
In just a few minutes, a new anti-drone Greek system showed what it was capable of. Centauros, a system developed by the European Union, was tested in the Red Sea last year. It detected and quickly destroyed two aerial drones fired by Yemeni…
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August 1, 2025
The European Court of Justice decided on Friday that the rights of public consultation had not been violated by environmental groups in a dispute over the construction of Wind Farms in Galicia, a region in Spain's northwestern region. The ruling…
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July 31, 2025
South Korean Finance minister Koo Yun Cheol stated on Thursday that the U.S.-South Korea tariff agreement hinged on a partnership package for shipbuilding titled "Make America Shipbuilding Great Again". Koo stated that South Korean shipbuilders…
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July 30, 2025
Monaco Yacht Club won the Admiral's Cup for the first time on Wednesday. They were the first team to win the prize from the Principality after a long series of races that culminated with the Fastnet Race. Monaco won the Fastnet final after a fierce battle in six inshore races on the Solent.
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July 30, 2025
The regional emergency service reported on Wednesday that two British brothers, aged 11 and 13, drowned in the sea off the Spanish coast of Llarga, Catalonia. Their father, who had tried to save the boys, was rescued and survived. In a statement…
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July 30, 2025
Three sources familiar with the decision announced on Wednesday that Chevron had been granted a limited U.S. operating license in Venezuela sanctioned by the United States. They added that money from oil revenues could not be transferred to the Venezuelan government of President Nicolas Maduro.
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July 30, 2025
Fincantieri, an Italian shipbuilder, reported on Wednesday that its core profits grew by 45% and revenues by 24% in the first six months of 2025. The key defence and undersea businesses saw particularly strong growth. The order book of the company…
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July 30, 2025
Nippon Steel and Vestas Wind Systems, a Danish wind turbine manufacturer, signed a memorandum of cooperation on Wednesday. The agreement outlines the supply of steel for Vestas wind towers in Europe, Asia, and Japan, according to Japan's Industry Ministry.
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July 30, 2025
Greek sources reported on Wednesday that Libyan coastguard officers had begun training on the Greek Island of Crete, as part of an effort to improve cooperation between the two countries and stem the surge of migrants arriving. The maritime boundary agreement…
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July 29, 2025
Elodie bonafous carved a piece of offshore racing into history on Tuesday. She became the first woman in the IMOCA category to win the Rolex Fastnet Race, after a nail biting duel which went to the end. After more than two racing days in a record-breaking 444-strong crew…
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July 29, 2025
Monaco's Black Jack 100 played perfectly on Tuesday, taking monohull line honors in the 100th anniversary Rolex Fastnet Race. This rounded off a fiercely-contested few days, which saw record fleets and tight margins. Underdogs pushed giants across 695 nautical mile of testing waters.
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July 29, 2025
Chubu Electric Power announced on Tuesday that its C-Tech division is still reviewing with its partner the feasibility of domestic off-shore wind projects and hopes to finish the assessment by the end of the summer. Mitsubishi Corp and C-Tech were selected in 2021 to develop three offshore projects…
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July 29, 2025
Koo Yun Cheol, South Korean Finance minister, said on Tuesday that he will seek a trade agreement with mutual benefits when he meets U.S. Treasury Sec. Scott Bessent this week for discussions. This is just days before the August 1 deadline to avoid tariffs expires.
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July 28, 2025
SVR Lazartigue won the 2025 Rolex Fastnet Race, a record-breaking race that will take place in France. The sleek blue trimaran was the first to arrive at Cherbourg from the 444 strong fleet. The 32-metre foiling Ultim, skippered by Tom Laperche…
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July 28, 2025
Nordex, a manufacturer of wind turbines, reported earnings for the second quarter that exceeded analysts' expectations. German onshore turbine company reported earnings before interest tax, depreciation, and amortization (EBITDA), of 108.2 millions euros ($127.09million)…
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July 26, 2025
Australia's Government said Saturday that it had signed a Treaty with Britain in order to strengthen cooperation for the next 50 Years on the AUKUS Nuclear Submarine Partnership. AUKUS, the pact signed by Australia, Britain, and the U.S.A. in 2021…
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July 24, 2025
The UK announced on Thursday that it will deepen the AUKUS nuclear sub partnership with Australia by signing a 50-year agreement. It expects this to boost British exports and create jobs. Australia, Britain and U.S. signed the AUKUS agreement in 2021.
