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Shipyard

Korean Shipbuilding Majors Lean on LNG Orders

Korea’s big three shipbuilders are expected to secure $46.4 billion in 2026 orders and generate combined operating profit of 10.124 trillion won, driven by strong LNG carrier demand and Korea’s dominant market share.

Japan sets course to rebuild shipbuilding by 2035

Japan is committing ¥350 billion over 10 years to revitalise shipbuilding, aiming for 18m GT capacity and a 20% global share by 2035 through state funding, coordinated industry support and US cooperation.

Korean shipyards resist joint AI navigation push

South Korea’s plan to build a shared AI autonomous navigation system with Hanwha Ocean, HD Korea Shipbuilding & Offshore Engineering and Samsung Heavy Industries is meeting resistance as shipyards seek to protect proprietary technology.

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