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.
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.
