HD Hyundai Chairman Chung Kisun met Indian Prime Minister Narendra Modi in New Delhi to discuss expanding cooperation in shipbuilding, naval construction, and port crane projects during IndiaEnergyWeek2026.
A 25 January 2026 fire at PT ASL Shipyard Indonesia in Batam caused no casualties but followed two deadly 2025 incidents involving MT Federal II, keeping the yard’s safety record under close scrutiny.
India’s SDHI has secured a $227 million contract from Norway’s Rederiet Stenersen for six 18,000 dwt product/chemical tankers, marking India’s first chemical tanker newbuild order.
VARD summarises NuProShip II findings on integrating small Gen-4 reactors into offshore vessels, including a helium-cooled reactor concept, DP2 redundancy review, and the SFI SAINT follow-on.
India is strengthening shipbuilding and maritime cooperation with South Korea, combining Korean technology and India’s cost-competitive workforce to expand its fleet and support its 2047 shipbuilding goals.
Hanwha Ocean and Fermeuse Energy sign an MOU to advance a Canada LNG development, aligning engineering, financing, shipbuilding, and logistics with CPSP-linked industrial participation.
Hanwha Group says cooperation with Canadian partners and investment in shipbuilding, steel, AI and aerospace could generate around 200,000 jobs by 2040 as it competes with TKMS for a $12 billion submarine deal.
A Seoul court has ordered KOGAS to pay KRW299.6bn to Samsung Heavy Industries after defective LNG cargo tanks on SK Serenity and SK Spica led to costly repairs and claims by SK Shipping.
Hanwha Ocean has signed a 738.3 bn won ($498.8m) contract with an Oceania owner for two LNG carriers and a $388.5m VLCC order from Asyad Shipping, lifting its 2026 newbuilding tally to about $890m.
