Hanwha Philly Shipyard has been named in a $1.5 billion US vessel construction plan announced as part of a wider defense investment package in Pennsylvania.
“K” LINE has named the 174,000 m3 LNG carrier HALWAN for QatarEnergy at HD Hyundai Heavy Industries. Delivery is tentatively scheduled for July 2026.
Guangzhou Shipyard International developed Linghangzhe, the offshore platform used in China’s first controlled sea-based recovery of an orbital-class rocket booster.
Princess Anne visited HD Hyundai Heavy Industries in Ulsan for UK-Korea shipbuilding talks and reviewed its cooperation with Rolls-Royce and Beaufort.
Kongsberg Maritime has agreed to acquire Sweden’s Berg Propulsion, adding propulsion systems, around 4,000 installed vessels and broader coverage of commercial and naval markets.
Iskra Shipyard, 3. Maj Shipyard and Fincantieri have continued talks in Croatia on possible naval shipbuilding and maritime cooperation following their recent Memorandum of Understanding.
HD Korea Shipbuilding & Offshore Engineering secured three VLACs worth 545.6 billion won, raising annual orders to 142 vessels and 70.3% of its target.
Foreign nationals accounted for 9.3% of HD Hyundai Heavy Industries’ workforce in 2025, led by Vietnamese employees, as the shipbuilder expanded overseas hiring amid labor shortages.
South Korea’s three largest shipbuilders are forecast to post 9.04 trillion won in annual operating profit, with LNG carriers and higher shipyard productivity supporting further gains.
