Posted to Maritime Reporter
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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.
Posted to Maritime Reporter
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December 10, 2025
The South Korean shipping giant Hanwha Group and U.S. defense start-up Vatn Systems have teamed up to develop autonomous underwater drones (AUU) for the U.S. Navy. This is the latest bilateral effort by the two companies to counter China's expanding naval presence.
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December 5, 2025
The Norwegian defence ministry announced on Friday that it plans to purchase two additional submarines and some long-range cannons from Germany. This will be at a higher price than previously due to the high demand for military gear. The orderā¦
Posted to Maritime Reporter
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November 13, 2025
The White House announced that the U.S. released details of a deal with South Korea on Thursday. It included a Korean investment of $150 billion in the shipbuilding industry, which Washington had approved, and an additional $200 in Korean investment through a Memorandum of Understanding.
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November 7, 2025
On Friday, U.S. Secretary Pete Hegseth will unveil major changes in the way the Pentagon buys weapons. This will allow the military to acquire technology more quickly as global threats grow. Hegseth will address industry leaders, military officersā¦
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November 6, 2025
Philly Shipyard, owned by South Korea in the United States, does not have the capacity to build ships at the moment. Kim Min-seok, the Prime Minister of South Korea, said this on Thursday at a hearing in parliament. Donald Trump, the U.S. president, wrote on Twitter last week about his remarks.
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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 Seoulās ties to Beijing. Lee's stakes are high.
Posted to Maritime Reporter
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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 Seoulās ties to Beijing. Lee, who took office in June afterā¦
Posted to Maritime Reporter
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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 furtherā¦
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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.
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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 financeā¦
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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.
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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 SKā¦
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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 buildsā¦
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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 Trumpās efforts to revive Americaās struggling shipbuilding industry.
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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 2011ā¦
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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 Hamburgā¦
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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.
Posted to Maritime Reporter
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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 wouldā¦
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 Yemeniā¦
