Davie Defense was awarded a USCG contract to build five Arctic Security Cutters. Two will be built in Finland to support first delivery in 2028, with three planned at Galveston and Port Arthur, Texas.
Samsung Heavy Industries canceled delivery of a crude tanker after the buyer missed the final installment and said vessel No. 2 delivery may change depending on the shipowner’s finances.
HD Hyundai Heavy Industries joins WDS 2026 in Riyadh to pursue Saudi frigate orders, presenting the HDF-6000 and a local-build roadmap, plus an IPP-linked supply-chain MOU with Saudi partners and Korean firms.
Hanwha Systems posted 3.6642 trillion won in revenue last year, driven by overseas defense orders, while U.S. Philly Shipyard normalisation costs, PPA amortisation and new-site investments weighed on profit.
OceanSTAR Elite Group launched the LDV FSO at Nantong Strongwind Shipyard on 6 February 2026, following steel cutting and keel laying milestones, with delivery set for mid-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.
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 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 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.
