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

Posted to Maritime Reporter on August 22, 2025

Donald Trump, the U.S. president, will host South Korean President Lee Jae Myung for their first meeting in Washington on Monday. The two countries had struck a deal on trade last month that reduced U.S. duties on the Asian ally from 25% to 15%. Alongside trade, U.S.

Greek defence industry plans are based on anti-drone systems

Posted to Maritime Reporter on August 5, 2025

In just a few minutes, a new anti-drone Greek system showed what it was capable of. Centauros, a system developed by the European Union, was tested in the Red Sea last year. It detected and quickly destroyed two aerial drones fired by Yemeni…

Huntington Ingalls' quarterly results are topped by Huntington Ingalls as shipbuilding problems ease

Posted to Maritime Reporter on July 31, 2025

Huntington Ingalls, a U.S.-based military shipbuilder, reported results for the second quarter that were above Wall Street expectations on Thursday as production issues at its shipyards eased and submarine demand grew. In premarket trading, the company's stock rose by about 5%.

Official: US calls on South Korea to join in efforts to limit China's trade with South Korea

Posted to Maritime Reporter on July 11, 2025

A senior official of the Seoul trade ministry told reporters on Friday that the U.S. demanded South Korea to join its efforts in trade negotiations with China to limit China's influence. The countries are currently discussing cooperation in shipbuilding.

Ferrero nears about $3 billion deal for WK Kellogg, WSJ reports

Posted to Maritime Reporter on July 9, 2025

The Wall Street Journal reported Wednesday that the Italian candy company behind Ferrero is close to a $3 billion deal with WK Kellogg. This was based on the reports of people familiar with this matter. After the bell, shares of WK Kellogg (the…

South Korea: The 'Make America Shipbuilding Great Again Package' is key to a trade agreement, South Korea says

Posted to Maritime Reporter on July 31, 2025

South Korean Finance minister Koo Yun Cheol stated on Thursday that the U.S.-South Korea tariff agreement hinged on a partnership package for shipbuilding titled "Make America Shipbuilding Great Again". Koo stated that South Korean shipbuilders…

South Korean officials and business leaders make a last-ditch effort to secure a US trade agreement

Posted to Maritime Reporter on July 30, 2025

Seoul reported on Wednesday that three South Korean cabinet officials met U.S. commerce secretary Howard Lutnick for trade discussions in Washington. Top business leaders are also reportedly flying in to lobby for an agreement on U.S. Tariffs.

South Africa: US pushback on domestic race policies complicates trade deal

Posted to Maritime Reporter on July 29, 2025

A senior South African diplomat stated on Tuesday that U.S. requirements on domestic affirmative actions policies are complicating efforts to achieve a trade agreement, just days before a tariff of 30% on South African exports into the U.S. comes into effect.

South Korea offers package of shipbuilding and other services to US trade deals in order to push for a deal

Posted to Maritime Reporter on 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.

Canada - 23 July

Posted to Maritime Reporter on July 23, 2025

These are some of the most important stories in selected Canadian newspapers. These stories have not been verified and we cannot vouch for the accuracy of these stories. Melanie Joly, Federal Industry Minister, says that Canada can excel in…

White House National Security Council has seen more departures than usual, according to sources

Posted to Maritime Reporter on July 15, 2025

According to two sources who are familiar with these moves, two senior officials have left the White House National Security Council in the last few days. This is the latest departures from a body which has seen its size reduced dramatically in the past months.

European Defence Stocks Rise on NATO Spending Promise

Posted to Maritime Reporter on June 26, 2025

The shares of European defence companies rose on Thursday, after NATO leaders supported the demand for increased defence spending by U.S. president Donald Trump on Wednesday. At 0814 GMT on Friday, German company Rheinmetall, and Italian Fincantieri…

Philippines and U.S. hold joint maritime exercises for the seventh time

Posted to Maritime Reporter on June 5, 2025

Manila's military said that the Philippines and United States have been sailing together in the South China Sea seven times to improve interoperability. The exercise, which was held in the waters near the provinces Occidental Mindoro, Zambales…

Taiwan completes the first sea trials for a domestically-made submarine in defense milestone

Posted to Maritime Reporter on June 17, 2025

Taiwan has completed its maiden sea test for its first submarine developed domestically on Tuesday. This is a major milestone in a project that aims to strengthen deterrence and protect vital sea routes in case of war. Taiwan, which China claims…

Taiwan seals a deal with Ukraine to test drones and combat software in order to deter China

Posted to Maritime Reporter on June 17, 2025

Taiwan signed a partnership agreement on Tuesday with U.S.-based Auterion and German-based Auterion to provide drone software that has been tested in Ukraine. The deal will help Taiwan strengthen its defences against the growing military threat from China, which is a giant neighbor.

Wall Street Journal, June 12,

Posted to Maritime Reporter on June 12, 2025

These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. Former Starbucks CEO Howard Schultz has endorsed the current chief executive Brian Niccol’s turnaround plan for correcting recent challenges at the chain.

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 Ocean, a South Korean shipbuilder, targets US Navy orders amid Trump's efforts to build shipbuilding relations

Posted to Maritime Reporter on May 5, 2025

Hanwha Ocean, a South Korean shipbuilder, hopes to increase its revenue from overseas naval vessels to 4 trillion won (2.91 billion dollars) by 2030. It also hopes to receive more repair orders from U.S. Navy. After President Donald Trump's executive order to restore U.S.

South Korea rejects tariff agreement with US ahead of June 3 snap elections

Posted to Maritime Reporter on April 28, 2025

On Monday, a senior South Korean official said that Seoul will not agree to a package of trade deals with Washington before the June 3 presidential elections. He also noted the challenges in reaching an agreement even by early July. Seoul's…

South Korea rejects tariff agreement with US ahead of June 3 snap elections

Posted to Maritime Reporter on April 28, 2025

On Monday, a senior South Korean official ruled out the possibility of a deal being reached with the United States before the presidential elections in the Asian nation on June 3. He also noted that reaching an agreement even by early July would be difficult.