Seatrium unit SEI and Maersk affiliate PHOENIX II A/S have entered London arbitration over a cancelled $475 million WTIV for Empire Wind 1, with SEI seeking rulings on wrongful termination and contract validity.
Authorities raided Hanwha Ocean after a subcontractor died in a platform collapse at the Geoje shipyard. More than 40 officials entered company and subcontractor sites as police and the labor ministry review negligence and serious accident law violations.
Cemre Shipyard has delivered NB1094 ESVAGT, the world’s first SOV powered by e-methanol and batteries, designed for Hornsea 2 operations with reduced emissions and modern offshore service capabilities.
Hanwha Group has raised 1 trillion won to expand its presence in the U.S. maritime and defense industries, with a major focus on shipbuilding and potential acquisitions of local shipyards.
India outlines plans to expand shipbuilding and maritime cooperation with South Korea as part of its strategy to grow its fleet and advance its 2047 development agenda.
Royal T Shipyards completed Vertom’s decade-long LABRAX programme with the launch of MV Vertom Quina, finalizing the tenth diesel-electric vessel for European short-sea operations.
UPM expands its LNG material offerings with WISA-LNG Spruce, a spruce-based plywood developed and tested with GTT for membrane cargo tank insulation using BioBond adhesive technology.
HD Hyundai has secured a $1.46 billion contract for eight 13,400-TEU LNG dual-fuel container ships from HMM, its largest container-ship order since 2007.
Japan is preparing a large-scale recovery plan for its shipbuilding sector, with Minister Yasushi Kaneko calling for expanded shipyards and full-process investment to meet long-term production goals.
