SEOUL—In July, as the U.S. and South Korea entered a decisive phase of trade talks between the two countries, South Korean negotiators brought a sealed box for their American counterparts. Inside the box—which had been rushed from South Korea to Washington on a Korean Air flight—sat 10 red baseball caps bearing the slogan “Make… Read More
Technology group Wärtsilä will supply six dual-fuel engines with a total output of 99.6 MW for a power plant in Rapid City, South Dakota, USA. The plant will be owned and operated by Black Hills Energy. The Wärtsilä 50DF reciprocating internal combustion engines (RICE) will provide flexible fuel capability in order to meet grid reliability… Read More
Two of China’s state-owned shipbuilding groups are finalizing a major merger, building a juggernaut. The deal has been in the works since 2019 and will extensively grow CSSC, the world’s largest shipbuilder. CSSC accounts for a massive share of global shipbuilding and features dual-use yards for military vessels. A Chinese state-owned shipbuilding group was already… Read More
Key Points and Summary – The United States Navy’s industrial base is facing a full-blown crisis, threatening America’s status as the world’s dominant naval power. -Decades of unstable funding, aging infrastructure, and overly complex designs have trapped the Navy in a “doom loop” of maintenance backlogs and new-construction delays. -This has shrunk the U.S. fleet to… Read More
WASHINGTON — American lawmakers are using a trip to South Korea and Japan to explore how the United States can tap those allies’ shipbuilding expertise and capacity to help boost its own capabilities, which are dwarfed by those of China. Sens. Tammy Duckworth, D-Ill., and Andy Kim, D-N.J., who are scheduled to land in Seoul on… Read More
