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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…

Thyssenkrupp and Jindal in 'intensive' discussions over the sale of steel unit

Posted to Maritime Reporter on October 20, 2025

Thyssenkrupp's CEO confirmed that the German conglomerate is in "intensive" talks with Jindal Steel International about the Indian group’s interest in the steel business. He called it a "good collaboration", but warned that the discussions might take some time.

The latest sign of the boom in defence assets is TKMS, a shipbuilder that has just made its stock market debut.

Posted to Maritime Reporter on October 20, 2025

TKMS, a shipbuilder, began trading on the stock market at 60 euros ($69.95), valuing it higher than expected, with a valuation of 3.8bn euros. This is due to a boom in global defence. The listing is part of a strategy by German parent Thyssenkrupp…

The latest sign of the boom in defence assets is the debut of TKMS on stock exchange

Posted to Maritime Reporter on October 20, 2025

TKMS, a German shipbuilder, will debut on the Frankfurt stock exchange Monday. This is part of a larger plan by Thyssenkrupp's parent company to streamline its structure in order to take advantage of the growing global demand for defence assets.

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.

Daewoo begins building Turkmenistan fertilizer plant, official says

Posted to Maritime Reporter on October 16, 2025

Daewoo Engineering & Construction, a South Korean company, has started work on a $780 million project in Turkmenistan. Local television reported that Turkmenistan’s President Serdar Berndymukhamedov was present at a ceremony to mark the opening of the plant.

Oil prices drop 1.5% due to tensions between the US and China, IEA warns of glut

Posted to Maritime Reporter on October 14, 2025

The oil prices dropped on Tuesday. They settled 1.5% lower, as the International Energy Agency warned about a massive supply glut in 2026 and trade tensions between the U.S., China and other major economies continued. Brent crude futures dropped…

Chinese freighter cuts EU delivery time in half on first Arctic voyage to UK

Posted to Maritime Reporter on October 14, 2025

State-run news agency Xinhua reports that a Chinese container ship completed a pioneering voyage through the Arctic and into a UK port. This journey cut in half the transit time of the electric vehicles aboard the ship, as well as the solar panels, which were destined for Europe.

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.

North Korea's Kim Jong Un visits naval destroyer, KCNA says

Posted to Maritime Reporter on October 5, 2025

On Sunday, the North Korean leader Kim Jong Un toured a naval destroyer named Choe Hyon at a military show. The state-run media KCNA confirmed this on Monday. KCNA reported that Kim stated the navy must be ready to "completely deter, counter and punish enemy provocations".

French and Benelux stocks: Factors to watch

Posted to Maritime Reporter on October 2, 2025

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. The France-based firm reported a Q3 rental revenue of 52.9 million Euros. The shareholders of the Belgian energy company asked for a vote to be taken on a dividend intermediary.

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.

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…

Satellite images reveal that the damaged Chinese coast guard vessel is now being repaired in Hainan.

Posted to Maritime Reporter on August 27, 2025

Satellite images show that the Chinese coastguard ship damaged by the collision with a Chinese navy vessel earlier this month in the South China Sea is currently being repaired at Hainan Island - the first confirmation it has returned to port.

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.