Hanwha Ocean Wins KRW 768.7bn WTIV Contract
6, February 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.
Shipyard
PaxOcean Opens $200 Million 5 Jalan Samulun Shipyard
6, February 2026
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’s 2025 Operating Profit Jumps Over 8x YoY
6, February 2026
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’s LNGC Package Deals Accelerate, Pressuring Korea’s Shipbuilders
5, February 2026
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.
EU Draft Targets More EU-Built Ships
5, February 2026
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, QSTS Target Retrofits and Low-Carbon Projects in Qatar
4, February 2026
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 Closes $51.2m Sale of Texas AmFELS Yard to Karpowership Affiliate
3, February 2026
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.
China Holds Top Global Shipbuilding Position in 2025
3, February 2026
Official data released on Monday shows China led global shipbuilding in 2025 with 53.69 million DWT output, taking 69% of new orders and 66.8% of pending orders.
GTT Signs Tank Design Contract for Four 200,000 m³ LNG Carriers
3, February 2026
GTT signed with HD KSOE to supply liquid cargo tank design for four 200,000 m³ LNG carriers at HD Hyundai Heavy Industries, with deliveries planned from Q3 2028 to Q1 2029.
