Hanwha Ocean has secured a 2.59 trillion won ($1.75 billion) contract from a European shipowner for seven LNG carriers, lifting its 2025 order tally to 51 ships worth $9.83 billion.
South Korea’s Chosun Ilbo reports China’s rapid shipyard expansion and rising smart-yard investments, widening the gap with Korea and raising concerns about shipbuilding oversupply after 2028.
Fincantieri sets a 2030 plan that increases exposure to defense, underwater systems, and specialized vessels while keeping cruise central, targeting 40% revenue growth and €500 million net profit.
Samsung Heavy Industries has received ABS Approval in Principle for its FSMR floating nuclear platform, configured for two Smart 100 SMRs developed by KAERI and adapted for offshore use.
Meyer Werft has secured a €10 billion ($11.7 billion) multi-ship order from MSC Cruises that will keep its Papenburg yard at full capacity until 2035, following last year’s state-backed rescue.
HD Hyundai Heavy Industries is deploying portable welding robots for confined ship blocks, combining JCT’s platform with Rainbow Robotics control and design-linked software from HD KSOE. Reports cite 35 units plus 27 for HD Hyundai Mipo.
Samsung Heavy Industries has signed a new contract with HSG Sungdong Shipbuilding for two more crude oil tankers, lifting the shipbuilder’s workload to a total of four Samsung-ordered vessels.
HJ Shipbuilding has signed its first MRO agreement with the U.S. Navy to perform mid-level maintenance on the USNS Amelia Earhart at its Yeongdo Shipyard in Busan by the end of March.
Hanwha Group has been authorised to lift its stake in Austal to 19.9%, overtaking Tata Rang Ventures’ 19.28% holding and becoming the Australian defence shipbuilder’s largest shareholder.
