Tankers burn in Hormuz as US extends Iran blockade to land routesHouthi missiles damage Aramco tower in Riyadh as Saudi strikes hit near SanaaRussia says it hit Ukrainian substations and Black Sea ships as drones target Leningrad regionPoland opens terrorism probe after Krakow market square shootingDemocrats prepare Hegseth impeachment and probes as Trump concedes deportations went too farNvidia board opens probe after CEO Huang admits affair with suspected Chinese agentHerzog tasks Eisenkot with forming government amid coalition deadlockEurope to join Abu Dhabi Ukraine talks as Trump signals border changesSand cliff collapse kills five as storm floods Gaza campsTwo passenger trains collide south of Cairo, seven deadDeath toll climbs after migrant boat sinks off SenegalAsian markets recover after AI selloff, crypto slidesANC sinks to worst local election result everCOP31 climate summit opens in Antalya without US delegationIran executes three men over January protestsItaly blames pro-Russian hackers after foreign minister's data leakedData centre backlash spreads from US ballots to Europe and AsiaDrone attack halts Iraq's Khor Mor gas field, leaving Kurdistan region in blackoutParaguay's ex-president Peña ordered into pretrial detention in Ueno bank caseDrone attack on Colombian army base kills at least three soldiersZaporizhzhia nuclear plant loses external power againOil extends weekly slump as Trump calls new Iran attacks unlikelyAnthropic strikes $3.4bn deal for gas-fired power for data centresCost-of-living protests spread to 31 European countries, led by FranceIsraeli defense officials shaken by Trump's talk of ending US aidChina extends suspension of 24% tariff on US importsPope Leo XIV begins Argentina visit after Uruguay stopTens of thousands march in Amsterdam over Dutch policy on IsraelMemory chip prices rise as AI boom squeezes electronics supplyChina's producer inflation hits post-Covid high as consumer prices dipNew Zealand faces weeks of uncertainty after election without clear winnerBinance resumes withdrawals and replaces CFO after record crypto hackSudan detains ICC-wanted Ahmed HarounAll Japan Tobacco units in Russia placed under temporary administrationTankers burn in Hormuz as US extends Iran blockade to land routesHouthi missiles damage Aramco tower in Riyadh as Saudi strikes hit near SanaaRussia says it hit Ukrainian substations and Black Sea ships as drones target Leningrad regionPoland opens terrorism probe after Krakow market square shootingDemocrats prepare Hegseth impeachment and probes as Trump concedes deportations went too farNvidia board opens probe after CEO Huang admits affair with suspected Chinese agentHerzog tasks Eisenkot with forming government amid coalition deadlockEurope to join Abu Dhabi Ukraine talks as Trump signals border changesSand cliff collapse kills five as storm floods Gaza campsTwo passenger trains collide south of Cairo, seven deadDeath toll climbs after migrant boat sinks off SenegalAsian markets recover after AI selloff, crypto slidesANC sinks to worst local election result everCOP31 climate summit opens in Antalya without US delegationIran executes three men over January protestsItaly blames pro-Russian hackers after foreign minister's data leakedData centre backlash spreads from US ballots to Europe and AsiaDrone attack halts Iraq's Khor Mor gas field, leaving Kurdistan region in blackoutParaguay's ex-president Peña ordered into pretrial detention in Ueno bank caseDrone attack on Colombian army base kills at least three soldiersZaporizhzhia nuclear plant loses external power againOil extends weekly slump as Trump calls new Iran attacks unlikelyAnthropic strikes $3.4bn deal for gas-fired power for data centresCost-of-living protests spread to 31 European countries, led by FranceIsraeli defense officials shaken by Trump's talk of ending US aidChina extends suspension of 24% tariff on US importsPope Leo XIV begins Argentina visit after Uruguay stopTens of thousands march in Amsterdam over Dutch policy on IsraelMemory chip prices rise as AI boom squeezes electronics supplyChina's producer inflation hits post-Covid high as consumer prices dipNew Zealand faces weeks of uncertainty after election without clear winnerBinance resumes withdrawals and replaces CFO after record crypto hackSudan detains ICC-wanted Ahmed HarounAll Japan Tobacco units in Russia placed under temporary administration
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Narrative thread · 2 events

Allied naval shipbuilding

Where things stand

South Korea's Hanwha has offered to buy an American builder of US Navy ships, the Wall Street Journal reported on Tuesday, alongside its $1 billion push into US naval shipbuilding. The terms of the offer have not been reported.

This topic follows the entry of allied shipbuilders, above all South Korean groups, into naval shipbuilding in the United States. It tracks who invests, where, and how much, as reported by outlets including the Wall Street Journal.

Timeline in detail

Wednesday, 12 August 2026Economy

Hanwha offers to buy builder of US Navy ships

The Wall Street Journal reported on Tuesday that South Korea's Hanwha has offered to acquire an American builder of US Navy ships. The report did not set out the terms of the offer.

Tuesday, 11 August 2026EconomyHanwha makes $1bn push into US naval shipbuilding

Hanwha makes $1bn push into US naval shipbuilding

South Korea's Hanwha is making a $1 billion push into naval shipbuilding in the United States, the Wall Street Journal reported on Tuesday. Further details of the investment are not given in the report available.