HD Hyundai Says India Yard Plan Not Confirmed
18, March 2026
HD Hyundai said reports of a KRW 3trn ($4bn) investment in a new shipyard in India’s Tamil Nadu state were not confirmed, according to a Korea Exchange filing.
Shipyard
Hanwha Ocean Establishes Offshore Units in Korea and Singapore
17, March 2026
Hanwha Ocean has established new subsidiaries in South Korea and Singapore to support offshore plant projects, WTIV operations and expansion in the domestic offshore wind market.
UK High Court Rejects Appeal in Yangzijiang Shipbuilding Case
17, March 2026
The UK High Court dismissed an appeal in a US$832.2 million case against three wholly owned subsidiaries of Yangzijiang Shipbuilding and also refused the claimants permission to appeal further, according to a company filing.
HD Hyundai Moves Ahead With India Yard Plan
17, March 2026
HD Korea Shipbuilding & Offshore Engineering is advancing a $4.0 billion shipyard project in Thoothukudi, India, with planned annual capacity of 3.5 million to 4.0 million tonnes. The yard is being developed separately from the Cochin Shipyard block facility and is expected to serve as an anchor site within a wider cluster.
Damen to Build Three Patrol Cutters for Dutch Caribbean
16, March 2026
Damen Shipyards Group has secured a contract to build three Stan Patrol 5009 cutters for the Dutch Caribbean Coast Guard, with four Fast Interceptor 1102 boats also included in the programme and operations scheduled from early 2029.
HD Hyundai Heavy Agrees Gunsan Yard Sale
16, March 2026
HD Hyundai Heavy Industries has agreed to sell the Gunsan shipyard, with the final price to be decided after due diligence and further negotiations among the parties.
Germany Opens Guarantee Scheme to Shipyards
12, March 2026
Germany has added shipbuilding to its Large-Scale Guarantee Program, allowing shipyards to seek state-backed support for major orders and easing pressure on upfront financing for large vessel construction.
Ship-Naming Events Hit by War Disruption
12, March 2026
Shipowners are skipping or rescheduling ship-naming ceremonies at South Korean shipyards as the United States-Iran war disrupts vessel operations, flight schedules and event attendance linked to the Middle East.
South Korea Eyes Skilled Migrants for Shipyards
12, March 2026
South Korea’s Justice Ministry plans visa changes to attract more skilled foreign technicians to shipbuilding as yards face labor shortages and Ulsan’s regional visa pilot remains under review.
