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…
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.
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.
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.
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…
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.
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.
Posted to Maritime Reporter
on
August 26, 2025
Singapore's Keppel initiated arbitration proceedings on Tuesday against the local shipbuilder Seatrium over a S$68.4million ($53.33million) claim relating to a Brazilian corruption crackdown. Seatrium made a provision of S$82.4m in 2022 to pay Keppel for claims relating to Operation Car Wash…
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…
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.
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…
Posted to Maritime Reporter
on
August 4, 2025
Richard Marles, Australia's Deputy Prime Minister, said that Mitsubishi Heavy Industries of Japan will be delivering Australia's new A$10 Billion ($6.5 Billion) navy frigate program. He said that the deal showed Canberra's "focus" on "investing…
Posted to Maritime Reporter
on
July 21, 2025
The UK imposed new sanctions Monday on Russia's "shadow fleet", which includes 135 oil tanks, as well as two Russian companies: shipping company Intershipping Services LLC, and oil trader Litasco Middle East DMCC. The British government 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…
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.
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.
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…
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.
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…
Posted to Maritime Reporter
on
June 28, 2025
Mazagon Dock Shipbuilders, a state-owned company in India, said that it would purchase a controlling interest in Colombo Dockyard of Sri Lanka in a deal worth not more than $52,96 million in order to expand its shipbuilding business. According to a Friday regulatory filing…
