DRAGASUND

Taiwan remained on high alert on Wednesday after China staged massive military drills around the island the previous day, keeping its emergency maritime response centre running as it monitored Chinese naval manoeuvres, the coast guard said.The exercises named "Justice Mission 2025" saw China fire dozens of rockets towards Taiwan and deploy a large number of warships and aircraft near the island, in a show of force that drew concern from allies in the region and the west.Beijing announced late on Wednesday the completion of the drills, saying its military would remain on high alert and continue to strengthen their combat-readiness.

If 2025 proved anything for Germany’s shipbuilding and marine equipment sector, it is that the industry retains both resilience and relevance, even amid geopolitical turbulence. According to The Association for Shipbuilding and Marine Technology (VSM), the year closed with strong order activity, renewed investor confidence and a clear signal that German yards and suppliers remain essential to Europe’s maritime industrial base.One of the year’s most tangible confidence boosters came early. In January, the shipyards in Flensburg and Rendsburg found new owners from within the maritime industry just weeks after insolvency proceedings began.

China launched its most extensive war games around Taiwan on Monday to showcase Beijing's ability to cut off the island from outside support in a conflict, testing Taipei's resolve to defend itself and its arsenal of U.S.-made weapons.The Eastern Theatre Command said it had deployed troops, warships, fighter jets and artillery for its "Justice Mission 2025" exercises to encircle the democratically-governed island, conduct live fire and simulated strikes on land and sea targets, and drills to blockade Taiwan's main ports.

Venezuela's President Nicolas Maduro has extended an olive branch to U.S. President Donald Trump, proposing serious talks on combating drug trafficking and offering U.S. companies ready access to Venezuelan oil.Maduro said Venezuela was a "brother country" to the United States and a friendly government. He noted that when he and Trump last spoke in November, the U.S. president had acknowledged his authority by addressing him as "Mr. President."The longtime Venezuelan strongman spoke in an interview that was filmed on New Year's Eve and aired on Venezuelan state TV on the evening of New Year's Day.

While challenges linger from the 2025 offshore rig market, there are signs it will look brighter from late 2026 onwards.Main Events of 2025One of the biggest talking points of 2024 and 2025 was Saudi Aramco’s suspension of 36 jackups from April 2024, but by 3Q 2025 21 units had been re-deployed into other regions of the world. Fast forward to today, the national oil company (NOC) has confirmed it will restart work with eight of the remaining suspended rigs in early 2026. It has also approached the market with two solicitations of interest for nine jackups to begin working later in 2026 meaning a brighter outlook for the Middle East market next year.