Damen Shiprepair Brest completes its 50th cruise vessel refit with the 340-metre Disney Fantasy, continuing its record of sustainable ship upgrades.
HD Hyundai and Siemens signed an MoU at APEC 2025 to digitalize U.S. shipyards, while Hanwha Ocean discussed submarine cooperation with the Philippines.
Canada’s Prime Minister Mark Carney and Defence Minister toured Hanwha Ocean’s Geoje shipyard to inspect the KSS-III Batch-II submarine, a CPSP candidate.
Korea’s major shipbuilders posted strong Q3 2025 earnings, but rising container ship orders and Chinese price competition have raised profitability concerns.
Nakilat strengthens financial flexibility through Korean financing for 25 LNG newbuildings, first delivery by end-2026.
Greek shipowner JHI Steamship is finalising a deal with K Shipbuilding for two Aframax tankers, marking what would be its first South Korean newbuilding project.
U.S. President Donald Trump announces South Korea’s approval to construct a nuclear-powered submarine at a Philadelphia shipyard, marking a milestone in U.S.-South Korea relations and shipbuilding cooperation. South Korea to replace its diesel-powered subs with advanced nuclear technology.
India sets a national goal to rank among the top five global shipbuilding nations by 2047 through major maritime investment and green cooperation.
SHI delivers Korea’s first 7,500 m³ LNG carrier converted with the KC-2C system, showcasing innovation in domestic LNG technology.
