Samsung Heavy Industries has halted operations at its Geoje shipyard after a fatal fall during LPG carrier work, with the company admitting safety management shortcomings and launching yard-wide inspections.
Kuang Ming Shipping has contracted four ultramax bulk carriers in Japan, valued at NT$4.9bn–NT$5.4bn, split across Nihon/Imabari and Oshima with Sumisho Marine; delivery dates undisclosed.
Hanwha Philly Shipyard says it can build a nuclear-powered submarine for the U.S. Navy, while outlining hiring and expansion plans following its 2024 purchase.
IACS has revised Unified Requirements W11, W16 and W28, harmonising high heat input welding provisions and updating qualification, NDT timing and optional approval schemes for marine and offshore structures.
Imabari Shipbuilding cleared antitrust review to buy an additional 30% of JMU from JFE Holdings and IHI, lifting its stake to 60% with closing set for 5 January 2026.
Samsung Heavy Industries signed a 743 billion won contract for two LNG carriers with an Oceania-based owner. Delivery is due by March 2029, lifting annual orders to 41 vessels worth about $7.4 billion.
South Korea will run a designated KDDX contest between Hanwha Ocean and HD Hyundai Heavy Industries for detailed design, targeting contract award by end-2026 and first delivery by 2030.
HD Hyundai Heavy Industries has signed a joint development contract with the Peruvian Navy and SIMA Shipyard to design a Peru-specific next-generation submarine, with an 11-month design phase starting next January.
Seatrium says its Phoenix II A/S dispute is resolved, with WTIV delivery due 28 February 2026. Buyer pays a $360m balance, including $250m funded via SGS credit.
