TKMS, the defence business that German conglomerate Thyssenkrupp aims to spin off this autumn, plans to raise its profit margin to more than 7% to close a gap with rivals, banking on soaring military demand amid fears of Russian aggression.TKMS, which makes submarines, frigates as well as sensor and mine-hunting technology, has more than tripled its order backlog in five years.
France has drafted a U.N. Security Council resolution on setting up an international mission to restore movement in the Strait of Hormuz and could submit it if conditions are right, the foreign ministry said on Friday, as Washington struggles to bring to a vote a text Russia and China may say is biased against Tehran.
The U.S.-Israeli war with Iran has already cost companies around the world at least $25 billion - and the bill is climbing, according to a Reuters analysis.A review of corporate statements since the start of the conflict by companies listed in the United States, Europe and Asia offers a sobering look at the fallout.
France on Wednesday deployed its carrier strike group to the Red Sea as part of planning for a potential mission to secure the Strait of Hormuz, urging Washington and Tehran to consider the proposal given the global economic impact of their competing blockades.Fresh exchanges of fire on Monday underscored the stakes as the U.S.
U.N. Security Council members will begin talks on Tuesday on a U.S.- and Bahrain‑backed draft resolution that could lead to sanctions against Iran, and potentially authorise force, if Tehran fails to halt attacks and threats to commercial shipping in the Strait of Hormuz, three Western diplomats said.Fresh exchanges of fire on Monday underscored the stakes as the U.S.
Panama is participating this week in the 34th session of the Assembly of the International Maritime Organization (IMO), the most significant forum within the global maritime system and the specialized governing body of the United Nations, from November 24 to 28. This setting defines the policies, standards, and priorities that will shape the international maritime agenda in the years ahead.
Sanmar Shipyards celebrated the delivery of the RAmparts 2400SX-MKII design tug UT PATZCUARO to Americas operator Ultratug at a ceremony held at its Altinova Shipyard on October 6, 2025, following the completion of closing in Tuzla earlier the same day. The delivery marks the first tugboat built by Sanmar for Ultratug.
President José Raúl Mulino met with more than 40 representatives of shipping companies from Japan’s Kanto region, where he presented Panama’s new ship registry strategy aimed at safeguarding its global leadership through enhanced safety standards and fully digitalized processes.Mulino emphasized that Panama’s registry is positioning itself as the flag of the future
Palaemon Maritime’s maritime security report this week points to some of the clearest indicators yet that piracy activity off Somalia is escalating again.“Taken alone, these incidents might appear isolated. Taken together, they point to something more important: the conditions that enable piracy are building again in the Western Indian Ocean.
The New Zealand Navy will return to service in the third quarter of 2026 one of two offshore patrol vessels idle since 2021, the chief of the defence force said on Tuesday, at a cost running into millions of dollars.Tony Davies told a select committee of parliament the decision to bring HMNZS Otago out of care and custody arrangements followed the sinking of a specialist dive and hydrographic
Warship builder TKMS rode a global defence boom to reach a valuation of 6.3 billion euros ($7.35 billion) in its blockbuster stock market debut on Monday, surpassing that of parent and main shareholder Thyssenkrupp.The listing of TKMS is the German conglomerate's latest move to simplify its structure and take advantage of growing demand for defence assets.
The Ice Memory Foundation is preparing for the upcoming transport of ice cores from mountain glaciers to the Ice Memory Sanctuary in Antarctica.The announcement was made as part of the launch of the UN Decade of Action for Cryospheric Sciences (2025-2034) during the third UN Ocean Conference in Nice on June 8.