Shipbuilding

Egyptian President Abdel Fattah Al-Sisi met officials to review plans for expanding domestic shipbuilding and developing the Suez Canal Authority maritime fleet.

23 Mwezi wa tano, 2026 Imeripotiwa na AI

The China State Shipbuilding Corporation released a photo on Thursday showing a massive hull in a dry dock in Guangzhou. Military observers speculate the vessel is a large auxiliary ship for the People's Liberation Army Navy.

South Korea's government is launching a special guarantee program to provide up to 400 billion won ($272.4 million) in financing support to enhance the shipbuilding industry's export competitiveness. The initiative targets small and medium-sized suppliers of HD Hyundai Heavy Industries with low-interest loans. K-SURE, HD Hyundai, and Hana Bank signed a cooperation agreement in Ulsan on Friday.

8 Mwezi wa kwanza, 2026 Imeripotiwa na AI

Seoul's stock market set a new record high on January 8 driven by strong defense and shipbuilding stocks, then dipped early on January 9 before rebounding later in the morning. The KOSPI index closed at 4,552.37 on the 8th, its all-time high, and rose 0.3 percent to 4,565.88 by 11:20 a.m. on the 9th. Institutional and individual buying offset foreign selling to support the market.

HD Hyundai's chairman held talks in Seoul with India's petroleum and natural gas minister to expand cooperation in shipbuilding and maritime industries. The meeting is part of India's Maritime Amrit Kaal Vision 2047 project, aimed at positioning the country among the world's top five shipbuilding nations.

10 Mwezi wa kumi na moja, 2025 Imeripotiwa na AI

Japan's Prime Minister Sanae Takaichi has pledged government support for massive investment in shipbuilding as part of a stimulus package. The move aims to build a robust economy through public and private spending, emphasizing crisis management and growth investments. Plans also include ramping up rare earth trial production near Minamitori Island amid China's tightened export controls.