South Korea sold $11.3 billion of goods to the U.S. in December 2023, beating out China by roughly $400 million.

The company said that its vessel, the Maersk Hangzhou, was targeted by Houthis in attack boats December 31.

Toyota and Honda will each invest about $1.44 billion in the country, while Isuzu Motors and Mitsubishi will combine to invest the remaining $1.44 billion.

The shutdown comes about a week after Daihatsu said it was suspending all vehicle shipments after it was found that the organization used improper testing for 64 vehicle models.

Capital Product Partners entered into an umbrella agreement with Capital Maritime & Trading Corp. and Capital GP on November 13, 2023 to acquire 11 LNG vessels from Capital Maritime.

The company said that it is planning to open additional locations in northern and western Australia in order to provide “blanket coverage” for the entire continent.

DTN said the feature will allow ship owners and charterers to better plan for and adapt to potential voyage disruptions that can affect a company’s performance, bottom line or emissions.

Ikea said it’s looking for other options to secure the availability of its products, many of which normally pass through the Red Sea and the Suez Canal.

North Carolina-based Qorvo said that it had signed an agreement to sell its circuit assembly operations in Beijing and Dezhou to the iPhone assembler Luxshare Precision Industry.

Samsung Heavy Industries said an arbitration tribunal ruled during the week of December 12 that SHI must pay $290 million to SHIKC1 Shipholding S.A. and SHIKC2 Shipholding S.A.