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India and South Korea to push for $50 billion in trade with new agreements

Posted to Maritime Reporter on April 20, 2026

India and South Korea announced on Monday they will expand their economic ties through a?expansion of cooperation in energy and critical minerals as well as shipbuilding, semiconductors and steel. They aim to double their trade by 2030. New…

South Korea's Lee will seek a big boost in economic relations in a summit with India's Modi

Posted to Maritime Reporter on April 19, 2026

On Monday, South Korean President Lee Jae Myung will meet with Indian Prime Minister Narendra Modi at New Delhi, to discuss a boost in economic co-operation, especially in shipbuilding. This is the first visit of a South Korean president to India in 8 years.

Singapore's Temasek has undergone many changes in the last two decades

Posted to Maritime Reporter on August 28, 2025

Singapore's Temasek, the state-owned investment company in Singapore, announced a major restructuring of its operations on Thursday. This is one of the biggest structural changes it has seen in its 51 year history. STRUCTURAL CHANGES In 2011…

HD Hyundai Heavy, a South Korean shipbuilder, merges with HD Hyundai Mipo

Posted to Maritime Reporter on August 27, 2025

HD Hyundai Heavy Industries of South Korea, the largest shipbuilder in the world, announced on Wednesday its intention to merge with HD Hyundai Mipo, as it aims for a larger share of the U.S. market. The company stated that it hopes to lead U.S.

South Korea Minister asks for exemptions from US tariffs during Greer Meeting

Posted to Maritime Reporter on May 16, 2025

Ahn Deuk Geun, South Korea's Minister of Trade and Industry, said that he had met with U.S. trade representative Jamieson Greer on Friday and requested a waiver for Washington's tariffs. Ahn said that the South Korean delegation will visit the…

Hanwha, a South Korean company, has revised its offer to Dyna-Mac founder.

Posted to Maritime Reporter on November 4, 2024

Hanwha Group, a South Korean conglomerate, increased its offer to S$790.6m ($599.44m) on Tuesday. The largest shareholder in Singapore's Dyna-Mac will now tender his entire stake following the increase. Hanwha did not find the initial offer, S$0.60 a share, made by Dyna-Mac on 10 October compelling.

S.Korea Hanwha sweetens its takeover offer to Singapore Dyna-Mac

Posted to Maritime Reporter on October 14, 2024

Hanwha Group, a South Korean conglomerate, increased its offer on Monday for the remaining share it doesn't already own in Singapore-based Dyna-Mac. The offshore oil and natural gas contractor is valued at S$790.6m ($605.41m). Hanwha had previously offered S$0.60 for each share.

Hanhwa, a S.Korea-based company, intends to acquire full control of Dyna-Mac in Singapore

Posted to Maritime Reporter on September 11, 2024

Hanhwa Group, a South Korean conglomerate, has offered to buy all the shares in Dyna-Mac Holdings that it does not already own. This would value the offshore oil-and-gas contractor at S$669.2million ($513.90million). Hanhwa units Hanhwa Aerospace, and Hanwha Ocean own 25,4% of Dyna-Mac.
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