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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 12, 2025
The Italian shipbuilder Fincantieri announced on Wednesday that its core profit for the nine months ended September grew by 40%, largely due to growth across all its business segments. The group's revenue for its defence unit increased 39% year…
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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 officers…
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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 Seoul’s ties to Beijing. Lee's stakes are high.
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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 further…
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November 1, 2025
On Saturday, South Korean President Lee Jae Myung and Chinese President Xi Jinping will meet for a bilateral summit. This is the first time the two leaders have met. It's also the first time Xi has visited his Asian neighbor in over ten years.
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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 Seoul’s ties to Beijing. Lee, who took office in June after…
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October 31, 2025
On Saturday, South Korean President Lee Jae Myung and Chinese President Xi Jinping will meet for talks. This is the first bilateral meeting between the two leaders. It's also the first time Xi has visited his Asian neighbor in over a decade.
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October 23, 2025
Fincantieri, an Italian shipbuilder, unveiled on Thursday its first underwater drone systems as it changes its product mix in order to give more space for the lucrative submarine business. Underwater drones are designed to protect and maintain critical underwater infrastructure…
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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.
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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…
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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.
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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 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.
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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…
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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 finance…
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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 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".
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October 2, 2025
Two people with knowledge of the matter have confirmed that Thyssenkrupp plans to spin off its defence division TKMS on October 20, in a deal analysts estimate could be worth up to 2.7 billion euro ($3.2 billion). In August, the company said…
