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April 7, 2025
The companies announced on Monday that Huntington Ingalls, a U.S. military shipbuilder, and HD Hyundai Heavy Industries of South Korea have signed an agreement exploring opportunities to increase production for commercial and defense projects.
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April 6, 2025
Ukraine's officials reported that three women were injured, and several fires started in the aftermath of a Russian air strike on Mykolaiv, a region located in southern Ukraine. Vitaly Kim, the governor of Mykolaiv, posted on Telegram that the attack…
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April 2, 2025
Analysis of a satellite picture showed that North Korea's new warship class can accommodate dozens vertical launch cells for missiles the military has already developed. This would give their navy more power and create export opportunities.
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March 26, 2025
The Russian drone attacked the Ukrainian port city of Mykolaiv, which provides access to the Black Sea for the country. It also struck Kryvyi Rih. Ukrainian officials claimed that this was the biggest drone strike on the city in the war. On Tuesday…
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March 25, 2025
Renata Baruzzi said that the head of Petrobras' engineering, technology, and innovation department, Brazil, should be analyzing the appeal filed by India Shapoorjipallonji Energy this week in order to charter an off-shore oil production vessel.
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March 25, 2025
Delfin LNG, a German company and Securing Energy For Europe have signed an agreement to supply 1.5 million tons per year of U.S. Liquefied Natural Gas (LNG). The companies announced this on Tuesday. Delfin announced in a release that the floating…
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March 24, 2025
Fincantieri, the Italian shipbuilder, reported a net income of 27 million euro ($29.22m) in 2018 and beat expectations by the market for its core earnings. The group's industrial plan had predicted a return to profitability in 2023, but it came one year sooner than expected.
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March 21, 2025
A poll conducted on Friday revealed that 72% of Americans said the U.S. could not remain dependent on China or other foreign shipbuilders. Morning Consult conducted a survey on March 10-12 of 2,204 adults for the Alliance for American Manufacturing.
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March 20, 2025
Hanwha Aerospace Co Ltd, South Korea's biggest defence company, announced on Thursday that it planned to increase its equity capital by 3.6 trillion won ($2.5billion) in order to expand overseas and domestic production. Hanwha said it "plans"…
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March 18, 2025
VTB CEO Andrei Kostin announced on Tuesday that the deal for VTB to buy the Zvezda Shipbuilding Yard from Rosneft has fallen through because VTB-owned United Shipbuilding Corporation cannot finance the purchase. VTB currently runs USC, Russia’s largest shipbuilder.
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March 14, 2025
Thyssenkrupp said it is pursuing a plan to spin off a minority stake of its warship division. The newly created holding will be listed at the Frankfurt Stock Exchange. The company said it was in talks with the German Government about a possible…
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March 10, 2025
South Korea's acting President on Monday instructed authorities to communicate actively with the U.S. Administration to resolve any misunderstandings over tariffs. This comes after U.S. president Donald Trump singled out South Korea recently for applying high tariffs.
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March 7, 2025
These are the most popular stories from the Wall Street Journal. These stories have not been verified and we cannot vouch their accuracy. SpaceX's Starship rocket exploded in the space on Thursday, just minutes after it lifted off from Texas. The FAA halted air traffic in some parts of Florida.
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March 5, 2025
On Tuesday, U.S. president Donald Trump informed Congress that his administration would create a shipbuilding office in the White House as well as offer new tax incentives to the sector. In a late-night address on Tuesday, Trump announced that…
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February 28, 2025
Seoul's Industry Ministry said that the South Korean industry minister asked for a tariff exemption during talks with U.S. officials, while Washington is moving forward with plans to implement new tariffs. Ahn Duk Geun met with U.S. Trade Representative Jamieson Greer, U.S.
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February 25, 2025
Airbus, a European aerospace and planemaker, announced on Tuesday that it would build the French Air and Naval Force's communications network under a contract worth up to 480 million euro ($502.46million). Airbus Defence and Space and Naval…
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February 25, 2025
His ministry announced that South Korea's Minister of Industry Ahn Duk Geun would travel to Washington D.C. between Wednesday and Friday to push for a further exemption from U.S. Steel Tariffs and to discuss ways to increase cooperation in energy and shipsbuilding.
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February 25, 2025
Thyssenkrupp will hold an extraordinary general assembly to complete a spin-off in the warship division in this calendar year. This was revealed by Chief Executive Miguel Lopez in a podcast published on Tuesday. Lopez, speaking on a podcast by the German newspaper WAZ…
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February 24, 2025
At a Rome bilateral summit, the United Arab Emirates announced that it plans to invest 40 billion dollars in Italy. The two countries did not give a timeframe. Since taking office as Italian Prime Minister in 2022 Giorgia Mello has sought to strengthen ties with Gulf nations…
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February 21, 2025
Two sources familiar with the matter have confirmed that Brazil's state oil company Petrobras may cancel a tender for a production, storage and offloading vessel from India's Shapoorji pallonji Energy. Sources claim that the state-run company…
