Delivery of the 100-meter methanol-fueled subsea vessel Viking Vigor, being built at Turkey’s Sefine Shipyard for Reach Subsea, has been postponed following construction delays.
The Dredge Godavari, India’s largest locally-built trailing suction hopper dredger, has been launched at Cochin Shipyard for DCI, designed by Royal IHC as part of India’s Make in India initiative.
HMM has committed ₩3.45 trillion to order 14 new LNG-powered vessels, marking a strategic leap toward green shipping and fleet modernization.
CMA CGM selects Cochin Shipyard in India to build six LNG-powered feeder ships, marking a major step in India’s emergence as a global shipbuilding hub.
China’s shipbuilding sector faces a sharp 73% drop in new orders as global demand slows and U.S. restrictions tighten, while South Korea expands its market share in high-value vessels.
China has imposed sanctions on Hanwha Ocean’s U.S. subsidiaries, but South Korea’s shipbuilding industry remains largely unaffected, emphasizing its resilience through high-value, technology-driven specialization.
China’s Ministry of Commerce sanctioned five U.S.-linked subsidiaries of Hanwha Ocean under the Anti-Foreign Sanctions Law, escalating tensions in shipbuilding and logistics.
PaxOcean has completed the successful redelivery of the CLV Bentang Bahari to PT Ketrosden Triasmitra, after a full conversion at its Batam yard, enhancing Indonesia’s subsea cable capacity.
Maersk Offshore Wind has terminated its $475 million Wind Turbine Installation Vessel (WTIV) construction contract with Singapore’s Seatrium. The move comes as the vessel nears completion, triggering commercial and legal implications for both companies.
