Samsung Heavy Industries has signed an MOU with India’s Swan Defence to cooperate in shipbuilding and offshore engineering, enhancing its global expansion strategy.
Yangzijiang Shipbuilding has terminated US$180 million in MR oil tanker contracts after new disclosures linked the buyer’s shareholder to alleged U.S. sanctions evasion.
China continues to dominate global shipbuilding despite new U.S. port fees, according to a CSIS report. The analysis highlights that Chinese shipyards account for over half of new vessel orders in 2025, underscoring Beijing’s resilience against Washington’s trade measures.
HD Hyundai Heavy Industries has deepened ties with Malaysia’s navy through a maritime cooperation forum, signaling its ambition to expand in Southeast Asia’s defense shipbuilding market.
Samsung Heavy Industries has successfully demonstrated its AI-powered autonomous navigation system during a trans-Pacific voyage, marking a milestone in smart shipping technology.
Seatrium Offshore Technology and Cochin Shipyard have signed an MoU to expand cooperation in offshore energy and MRO projects across India and Asia, supporting regional energy transition.
Seatrium has secured Approval in Principle from ABS for its FLEXHull™ 1500K-M FPSO, a next-generation deepwater production design engineered for flexibility, capacity, and sustainability.
Seatrium has divested its AmFELS Yard in Brownsville, Texas, to Karpowership affiliate Karpower Valley LLC for S$65 million, as part of a strategy to streamline operations and boost capital efficiency.
Skarv Shipping Solutions has launched its first newbuild, PEAK SKARV 1, at Huanghai Shipbuilding in China. Scheduled for delivery in January 2026, the vessel is designed for sustainable cargo operations with lower CO₂ emissions.
