Samsung Heavy Industries has signed a Letter of Award with Delfin Midstream to deliver the FLNG unit for a U.S. offshore LNG export project, targeting FID in 2025.
Greece strengthens its commitment to shipbuilding and island investment, upgrading ONEX Shipyards Syros under its Strategic Investment Framework.
Singapore’s Seatrium has received a notice of arbitration from Maersk Offshore Wind after a US $475 million WTIV contract termination. The 98.9%-complete vessel was intended for Empire Wind 1 off New York.
The U.S. Trade Representative has strongly criticised China’s decision to sanction U.S. subsidiaries of Hanwha Ocean, framing it as economic coercion and a challenge to the global trade order.
Delivery of the 100-meter methanol-fueled subsea vessel Viking Vigor, being built at Turkey’s Sefine Shipyard for Reach Subsea, has been postponed following construction delays.
The Dredge Godavari, India’s largest locally-built trailing suction hopper dredger, has been launched at Cochin Shipyard for DCI, designed by Royal IHC as part of India’s Make in India initiative.
HMM has committed ₩3.45 trillion to order 14 new LNG-powered vessels, marking a strategic leap toward green shipping and fleet modernization.
CMA CGM selects Cochin Shipyard in India to build six LNG-powered feeder ships, marking a major step in India’s emergence as a global shipbuilding hub.
China’s shipbuilding sector faces a sharp 73% drop in new orders as global demand slows and U.S. restrictions tighten, while South Korea expands its market share in high-value vessels.
