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June 10, 2026
The South Korean metal workers union announced on Wednesday that it would strike on the 15th of July to demand job security as more companies use AI technology and robotics. It also wants a broader wage negotiation in order to reduce the income gap.
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June 9, 2026
The South Korean cabinet approved a presidential decree on Tuesday as part of the process of allowing $350 billion in strategic?investments to be made in the United States under the terms of the trade agreement signed between the two countries last year.
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June 8, 2026
The Indian shipping ministry said that 24 Indian sailors were on board the oil tanker Marivex when a fire was reported. Opesh k. Sharma, director of the federal ministry for?ports and shipping,? told a press conference that the vessel flying the flag of Madagascar was not carrying cargo.
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May 20, 2026
The majority of Gulf stock markets declined in the early trading on Wednesday, following weaker Asian equity markets, as rising global bond yields and high oil prices fuelled inflation fears, while investors remained cautious about a U.S. Iran pact. Investors bet that the U.S.
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May 12, 2026
Thyssenkrupp increased the value assigned to its steel business on Tuesday by a quarter, just two weeks after failed talks to sell to India's Jindal Steel. Thyssenkrupp, a German company, has tried to sell Europe's second largest steelmaker, ArcelorMittal, for years.
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May 11, 2026
Fincantieri, an Italian shipbuilder, revised upwards on Monday its '2026 guidance in terms of revenue and core profit. It also increased its net profit. This was after it signed a number of large contracts earlier this year that surpassed its full-year goal.
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May 11, 2026
Fincantieri, an Italian shipbuilder, revised its full-year guidance on Monday for revenues and core profit. The group reported that new orders fell by just over 70% in the first quarter to 3.4 billion euro ($4.00 'billion). However, this doesā¦
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May 11, 2026
TKMS said that its order backlog had reached a new record on Monday. This is due to the continued demand for weapons in Europe to reduce military dependency on the United States. TKMS is owned by the German engineering conglomerate Thyssenkruppā¦
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May 7, 2026
Taiwan conducted the first torpedo firing of its domestically-developed submarine. This is a significant milestone in a project that aims to strengthen deterrence and protect vital sea lanes if war breaks out. Taiwan, which China claims to beā¦
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May 6, 2026
The Financial Times (FT), Wednesday, reported that Rheinmetall wants Germany to pay about 12 billion euros ($14 billion), to take over its?troubled F126?frigate?program. This would bring the 'total cost of?"six warships up to approximately 14 billion euros.
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May 5, 2026
U.S. shipbuilder Huntington-Ingalls posted a lower operating margin for the first quarter on Tuesday. This was due to?higher costs?amid inflation?and?volatility of global trade. In premarket trading, shares of the company fell by nearly 3%. U.S.
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May 1, 2026
Donald Trump stated on Friday that the U.S. Navy was acting "like pirates" in carrying out Washington's naval blockade of Iranian ports during the U.S. The Navy acted "like pirates" when it carried out Washington's blockade against Iranian ports in the U.S. Trump made these?comments?
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April 29, 2026
Fincantieri, an Italian shipbuilder, and Albanian KAYO have formed a joint-venture to build and maintain vessels for Albania. The country is seeking to modernize its military infrastructure and deepen its NATO connections. According to a joint statement from the government and the companyā¦
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April 28, 2026
The Italian parliament voted on Tuesday to support a government proposal to donate an old?aircraft-carrier to Indonesia. This would strengthen relations with an ally and avoid the cost of dismantling an outdated asset. Garibaldi, a 54 million euro (63 million dollar) vesselā¦
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April 27, 2026
In its 'earnings report for the first quarter, Hanwha Ocean said that the conflict in the Middle East is causing uncertainty in the demand for commercial ships. The company stated that the Iran War has had a significant impact on the market for large 'crude carriers' (VLCCs)ā¦
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April 20, 2026
India and South Korea announced on Monday they will expand their economic ties through a?expansion of cooperation in energy and critical minerals as well as shipbuilding, semiconductors and steel. They aim to double their trade by 2030. Newā¦
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April 19, 2026
On Monday, South Korean President Lee Jae Myung will meet with Indian Prime Minister Narendra Modi at New Delhi, to discuss a boost in economic co-operation, especially in shipbuilding. This is the first visit of a South Korean president to India in 8 years.
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April 18, 2026
Japan and Australia signed contracts Saturday, launching a landmark A$10 Billion ($7 Billion) -deal to supply Australia warships. This is Tokyo's most consequential military sale since ending the?military trade ban in 2014. Marles stated that the Defence Ministers Richard Marlesā¦
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April 16, 2026
After years of warnings by military chiefs that the UK's capabilities were shrinking, the Iran war left Britain's armed services exposed. This put pressure on Keir starmer, Prime Minister, to make good on his promise to invest in defence. Afterā¦
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April 2, 2026
Volodymyr Zelenskiy, President of Ukraine, offered on Thursday to share Ukraine's?expertise regarding freedom of navigation?inthe Black Sea with countries that are considering ways to?keep?the Strait?of Hormuz?open amid?conflict?inthe Middle East.
