Sponsored by

U.S. Shipyard Project Gets Tougher; Miners Target Antimony; Beef Prices Expected to Stay High By Mark R. Long | WSJ Logistics Report

President Trump's dream of revitalizing the U.S. maritime industry relies heavily on South Korean help, and on a Philadelphia shipyard bought by Hanwha Ocean last year. Now, the prospect of building a nuclear-powered submarine has ratcheted up the ambition -and difficulty-for the Philly Shipyard, the WSJ's Timothy W. Martin writes.

Hanwha plans to pump $5 billion into the site to rebuild a skilled workforce and supply ecosystem, as part of a larger $150 billion of shipbuilding investment pledged by Seoul

to the U.S. The South Korean company wants to increase Philly Shipyard's annual production to as many as 20 ships a year, expand the workforce by thousands and add new heavy cranes, robotics and training sites. Both of the yard's dry docks will be used for new builds, and Hanwha plans more paint and blast shops and training-site expansion. Hanwha is exploring opportunities to expand operations in the area around Philly Shipyard, according to a person familiar with the matter.

Building a nuclear-powered submarine

there, however, presents special challenges. Hanwha has never built one, and top Seoul officials and lawmakers have questioned whether Philly Shipyard is up to the task.

China's Ministry of Transport said it suspended collection

of special port fees on American ships, matching the U.S.'s one-year pause to fees on Chinese-owned and -operated vessels. CONTENT FROM: PENSKE Gain AI. Gain Ground with Penske.

You don't have anything to fear when you know what's coming. Penske's Catalyst AI$(TM)$ is a new tool that combs through billions of data points, allowing you to compare your fleet against similar fleets. You can see exactly how your business is doing, and what you can do to improve. And there's nothing more comforting than that.

Learn More

Number of the Day Critical Materials

Antimony, an obscure element widely used in the defense industry, is emerging as an important test case of whether the U.S. can restore supply chains dominated for decades by China .

The Journal's Jon Emont and Angela Owens write that about 60% of the world's antimony is mined in China, and prices for the element have quadrupled from two years ago. This has prompted companies to dust off sites in Alaska and Idaho that last produced antimony during the 20th century. The Pentagon is pouring money into jump-starting projects. In September, it announced $43 million in funding to accelerate production at an Alaska project.

Beijing placed heavy restrictions on antimony exports, including a ban on all shipments to the U.S. in December. A trade-war truce hammered out last month by Trump and Chinese leader Xi Jinping led Beijing to relax its total ban

to the U.S., though a restriction on military use remains.

Barrick Mining is reviewing its Nevada gold operations

to boost production and stabilize output. (WSJ) Quotable Food Supplies

Tyson Foods said it expects high beef prices to persist into next year as the lowest U.S. cattle supply since the 1950s

squeezes the meatpacking sector's profits. The Journal's Patrick Thomas writes that Tyson, a bellwether for the industry, said its beef prices rose 17% in its most recent quarter, while beef sales volumes fell 8%.

The Arkansas-based company said its cattle costs for fiscal 2025 rose by nearly $2 billion compared with last year. Cattle numbers are down because of post-pandemic herd thinning, drought, rising costs and restrictions on Mexican imports due to a flesh-eating parasite . Tyson executives said some ranchers are starting to rebuild their herds

in the upper Midwest and northern U.S., though not in western and southern states.

Private-label food and beverage company TreeHouse Foods agreed to be taken private

by Industrial F&B Investments III in an all-cash deal worth nearly $1.2 billion. (WSJ) In Other News The eurozone economy grew faster in the third quarter , with business surveys indicating further acceleration in the final quarter of the year. (WSJ) The FAA is limiting business jets

and other private flights to some of the country's largest airports to ease strains on air-traffic personnel during the government shutdown. (WSJ) President Trump threatened to dock the pay

of air-traffic controllers who don't return to work immediately. (WSJ) Trump told reporters that he was looking at reducing tariffs

on both India and Switzerland. (WSJ) China's auto sales fell in October

after spiking in the previous month, as the country's car market faces pressure from the younger generation's reluctance to buy cars. (WSJ) Taiwan Semiconductor Manufacturing Co.'s sales grew 17%

in October, the slowest expansion since February 2024, though the chip maker is guiding for more growth ahead. (WSJ) Instacart reported higher third-quarter revenue and profit on continued growth in demand for grocery delivery . (WSJ) Skanska started construction on a new, 95,000-square-foot cargo facility

at San Francisco International Airport, part of a larger effort to modernize the airport's infrastructure. (SupplyChain247) Japanese homebuilder Sekisui House plans to train 570 construction supervisors in the U.S.

over the next two years. (Nikkei Asia) CMA CGM's Benjamin Franklin became the first ultra-large containership to transit the Red Sea

since late 2023, when attacks by Yemen's Houthi militants started to deter shipping. (Lloyd's List) Kuehne + Nagel plans to build a new facility that will expand its logistics center in El Paso, Texas, by 60%. (Shipping Watch) MBS Logistics Group is launching a new division

to focus on aerospace logistics, following its acquisition of Switzerland's Gerhard Wegmüller earlier this year. (Air Cargo News) China Merchants Port Holdings and Brazil's MPort agreed to invest more than $280 million to expand storage and cargo-handling capacity

at Paranaguá Container Terminal in Paraná. (Seatrade Maritime News) About Us

Mark R. Long is editor of WSJ Logistics Report. Reach him at [mark.long@wsj.com]. Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long , Liz Young and Paul Berger .

This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

November 11, 2025 07:05 ET (12:05 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.