Hanwha Systems posted 3.6642 trillion won in revenue last year, driven by overseas defense orders, while U.S. Philly Shipyard normalisation costs, PPA amortisation and new-site investments weighed on profit.
OceanSTAR Elite Group launched the LDV FSO at Nantong Strongwind Shipyard on 6 February 2026, following steel cutting and keel laying milestones, with delivery set for mid-2026.
Hanwha Ocean secured a KRW 768.7 billion WTIV order from Ocean Wind Power II, with delivery set for the first half of 2028 to support Korea’s offshore wind projects.
PaxOcean has opened its 5 Jalan Samulun shipyard in Singapore, adding graving docks, workshops and an innovation hub while advancing R&D and sustainability initiatives.
HJ Shipbuilding and Construction lifted 2025 operating profit to KRW67 billion as shipbuilding recovered and an eco-friendly, high-value order strategy improved profitability alongside higher revenue.
China booked 13 LNG carriers in January, driven by an integrated model linking finance, shipping and long-term charter demand, intensifying competitive pressure on Korean LNGC builders.
A draft shows the European Commission will propose “Made in EU” measures, urging public buyers to consider sustainability and EU origin, with EIB finance seen as a demand driver.
Samsung Heavy Industries and QSTS signed an agreement in Doha to start with retrofits and after-market services while reviewing decarbonization, energy-saving systems and onboard carbon-capture options.
Seatrium completes the S$65 million ($51.2m) sale of its Brownsville, Texas AmFELS yard to a Karpowership-related party, shifting its U.S. focus to engineering and technology support.
