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South Korea will woo China's Xi at the APEC closing summit

Posted to Maritime Reporter on November 1, 2025

Chinese President Xi Jinping's three-day trip to South Korea will conclude on Saturday, with a dinner and summit hosted at President Lee Jae Myung's home. The newly elected U.S. ally has promised to balance Seoul’s ties to Beijing. Lee's stakes are high.

South Korea will woo China's Xi during APEC with a state visit

Posted to Maritime Reporter on October 31, 2025

Chinese President Xi Jinping's three-day trip to South Korea will conclude on Saturday, with a visit by President Lee Jae Myung. The newly elected U.S. ally has promised to balance Seoul’s ties to Beijing. Lee, who took office in June after…

Lockheed to deliver Tomahawk missiles for sea drones

Posted to Maritime Reporter on October 29, 2025

Lockheed Martin invests $50 million into Saildrone, a sea drone manufacturer, to equip its largest surveillance drones with high-powered missiles. This marks the first time that the autonomous long-distance ships will be equipped with high-powered missiles.

What is on the agenda of US-Japan discussions?

Posted to Maritime Reporter on October 28, 2025

In talks between Prime Minister Sanae Takayi and President Donald Trump, the U.S. revealed that 20 companies were interested in key projects such as critical minerals and AI. Tokyo may have agreed to invest $550 billion in the U.S. as part of an agreement on tariffs.

What is on the agenda of US-Japan discussions?

Posted to Maritime Reporter on October 27, 2025

On Tuesday, U.S. president Donald Trump will be in Tokyo for his first trip to Japan since 2019. They are discussing security and trade. On Tuesday, Trump and Takaichi agreed to a framework that would secure the supply of critical minerals and rare earths.

What is on the agenda of US-Japan discussions?

Posted to Maritime Reporter on October 27, 2025

On Tuesday, U.S. president Donald Trump will be in Tokyo for his first trip to Japan since 2019. They are discussing security and trade. A source familiar with this plan has confirmed that Japan and the U.S. are set to sign a Memorandum of Understanding for Tokyo to expand U.S.

HD Hyundai Heavy and Huntington Ingalls will jointly build U.S. Navy auxiliary ships

Posted to Maritime Reporter on October 26, 2025

The South Korean shipbuilder HD Hyundai Heavy Industries announced on Sunday that it had reached an agreement with Huntington Ingalls, a U.S. military vessel builder, to jointly construct auxiliary ships for the U.S. Navy. In order to further…

State Dept. says that Chinese sanctions against Hanwha US shipbuilding units are meant to 'coerce South Korea'.

Posted to Maritime Reporter on October 16, 2025

The Chinese sanctions on U.S. Hanwha Ocean affiliates this week are intended to undermine South Korea's cooperation with the United States and "to force" Washington's Asian allies, according to a spokesperson for the U.S. State Department on Friday.

JPMorgan will invest up to $10 Billion in US National Security as part of $1.5 Trillion pledge

Posted to Maritime Reporter on October 13, 2025

JPMorgan Chase announced a plan to hire bankers to invest $10 billion into U.S. firms considered vital to national security, economic resilience and the economy. The plan is part of an overall $1.5 trillion pledge. This move is part a 10-year plan to finance…

Trump and Finland’s Stubb approve a deal for icebreaker vessels

Posted to Maritime Reporter on October 9, 2025

U.S. president Donald Trump and his Finnish counterpart Alexander Stubb signed an agreement Thursday that will allow the U.S. Coast Guard up to eleven icebreakers to enhance U.S. security in the Arctic. Trump and Stubb established friendly relations since Trump gained power in January.

OpenAI Stargate Project to receive memory chips from Samsung and SK Hynix

Posted to Maritime Reporter on October 1, 2025

They said that on Wednesday, South Korean chipmakers joined forces with ChatGPT to meet the growing demand for its Stargate Project. The announcements came on Wednesday, after OpenAI CEO Sam Altman and the chairs of Samsung Electronics and SK…

Singapore's Seatrium sells Texas shipyard to Turkey’s Karpowership at $51 million

Posted to Maritime Reporter on September 23, 2025

Seatrium Limited, a Singapore-based company, announced on Tuesday that it had reached an agreement to sell the "surplus" AmFELS Yard Shipbuilding Facility in Texas to Karpowership. The price is $50.67million. AmFELS Yard in Brownsville builds…

EU official: EU wants to increase the ban on Russian LNG as part of 19th package sanctions

Posted to Maritime Reporter on September 18, 2025

An EU official revealed that the European Commission is examining a proposal for a faster ban on Russian natural gas liquefied in its 19th set of sanctions against Moscow due to its invasion of Ukraine. This new initiative follows an earlier call made by U.S.

South Korea's HD Hyundai Heavy is in talks to purchase US shipyard

Posted to Maritime Reporter on September 18, 2025

A senior executive at HD Hyundai Heavy Industries said that the company is in discussions with several companies about purchasing a U.S. Shipyard. The goal is to take advantage of President Donald Trump’s efforts to revive America’s struggling shipbuilding industry.

Australia announces that the US will be able to access Western Australia's nuclear submarine shipyard

Posted to Maritime Reporter on September 13, 2025

Richard Marles, the Australian Minister of Defence, said that the United States could use the planned defence facilities in Western Australia for the delivery of submarines as part the AUKUS nuclear sub deal. On Saturday, the government announced…

Top South Korean official: Policy institutions will lead $350 billion US Fund, Watching FX

Posted to Maritime Reporter on September 4, 2025

Vice Finance Minister of South Korea said that the pledge by South Korea to invest $350billion in strategic U.S. Industries as part a trade agreement with Washington will likely be led state policy institutions who will provide funding case-by-case. In a July trade agreement to cap U.S.

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…

Bild reports that Rheinmetall wants to buy German shipbuilder NVL.

Posted to Maritime Reporter on August 27, 2025

Bild, citing sources in the industry, reported Wednesday that Rheinmetall, a defence group, wants to buy German shipbuilder Naval Vessels Luerssen. Bild reports that the Luerssen family who owns the shipbuilder plan to divest their military shipyards located in Hamburg…

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.

What are the likely topics of discussion at the US-South Korea Summit?

Posted to Maritime Reporter on August 25, 2025

U.S. president Donald Trump hosted South Korean president Lee Jae Myung at Washington on Monday for their first meeting after they struck a deal last month that lowered U.S. duties on the Asian ally from 25% to 15%. Trump said that he would…