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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…

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…

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…

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.

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…

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.

Australia awards navy frigate contracts to Japan's Mitsubishi Heavy

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…

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 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…

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.