EXMAR announced rapid progress on its second dual-fuel ammonia tanker, with the hull rising only weeks after keel laying, supported by coordinated work between EXMAR staff and HD Hyundai Mipo.
Hengli Heavy Industry has obtained a new contract for six 114,000-DWT LR2 product tankers, underscoring its continued progress in advanced tanker construction as international owners pursue higher standards in efficiency and environmental compliance.
The United States and South Korea released details of a trade agreement that includes $150 billion in Korean investment in US shipbuilding and US approval for South Korea to build nuclear-powered attack submarines.
U.S. naval operations chief Adm. Daryl Caudle met with HD Hyundai and Hanwha Ocean executives during visits to Ulsan and Geoje shipyards, where both companies outlined cooperation plans linked to the MASGA initiative and U.S. naval programs.
Samsung Heavy Industries has assigned a series of Suezmax-class crude carriers to HSG Sungdong Shipbuilding, marking its first full-vessel outsourcing arrangement with a domestic, non-affiliated shipyard while both companies progress long-term preparatory work.
Amogy and Samsung Heavy Industries have signed a multi-year contract under which SHI will establish a dedicated facility in South Korea to manufacture and test Amogy’s ammonia-to-power systems, beginning with units for a 2026 pilot project in Pohang.
Asiatic Lloyd has placed another order for two 7,100-teu conventionally fuelled container vessels at Dalian Shipbuilding, following a similar order made six weeks earlier. The newly contracted ships are reported to be fixed to Hapag-Lloyd on long-term charter.
HD Hyundai Heavy Industries has formalized an agreement with Cochin Shipyard Limited to organize a joint approach for the Indian Navy’s landing platform dock program, aligning the two shipyards’ roles with India’s ongoing defense modernization priorities.
Scorpio Tankers has signed letters of intent for two 320,000 dwt VLCCs at Hanwha Ocean, marking its return to the crude market after a decade. Each vessel is priced at $128 million, with deliveries set for the third and fourth quarters of 2028.
