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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.
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July 23, 2025
According to three sources in the industry and LSEG's ship tracking data, a tanker won't load fuel as planned from India’s Nayara Energy Refinery, which is under sanctions. This vessel will be the second to alter its plans after the European Union restrictions.
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July 22, 2025
The Republican and Democratic leaders of the U.S. Congress committee for strategic competition against China wrote to Defense Secretary Pete Hegseth in order to express their strong support for AUKUS, a submarine project that is currently being reviewed by the Pentagon.
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July 22, 2025
Hewlett Packard owes more than 700 millions pounds ($944million) to the estates of Mike Lynch, the late business partner of Lynch's and their former business partners over the acquisition of Autonomy by Hewlett Packard. This was revealed on Tuesday by a London High Court judge.
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July 21, 2025
On Saturday, the world's biggest offshore yacht race celebrates its 100th anniversary. A record-breaking 450 yachts representing 26 nations will line up in Cowes, on Britain's Isle of Wight. The race is a unique opportunity to see the latest…
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July 21, 2025
A media report said that an Italian judge ordered on Monday six police officers and coastguards to face trial for mishandling of operations during the 2023 migrant shipwreck near Cutro, which killed over 90 people. A wooden sailboat, which had set off from Turkey…
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July 21, 2025
The UK imposed new sanctions Monday on Russia's "shadow fleet", which includes 135 oil tanks, as well as two Russian companies: shipping company Intershipping Services LLC, and oil trader Litasco Middle East DMCC. The British government says…
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July 20, 2025
Peter Burling's New Zealand crew gatecrashed what was supposed to be a triumphant celebration at home, beating Dylan Fletcher’s British team in an exciting final of the Emirates Great Britain Sail Grand Prix. The Kiwis spoilt the party in the…
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July 19, 2025
After a dominant opening day in England's South Coast, Emirates GBR skipper Dylan Fletcher gave a masterclass of speed and consistency to propel his team to the SailGP top leaderboard. Fletcher’s crew was the winner of the first race in Portsmouth and never looked back…
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July 18, 2025
Australia's Ambassador to Washington, who spoke on Friday, said that his country was working with the Pentagon in order to review the U.S. Defense Department project for the AUKUS sub and is confident all issues will be resolved. Kevin Rudd…
