Korea’s Big Three shipbuilders are forecast to post a combined 14.5% operating margin in Q2 as LNG carriers, FLNG projects and higher-value orders lift profitability.
Petrobras has ordered four MR1-class tankers from Estaleiro Rio Grande under a $427 million contract for coastal fuel transport in Brazil.
The planned sale of K Shipbuilding has failed after Taekwang Industrial could not agree on terms with the yard’s current investors.
A worker died after a mooring rope snapped during a vessel berthing operation at HD Hyundai Samho shipyard in South Korea. Authorities plan safety law checks.
COSCO Shipping Specialized Carriers has taken delivery of Kang Qian Kou, the ninth and final 7,500 CEU LNG dual-fuel PCTC built by Xiamen Shipbuilding Industry, strengthening its growing global automotive logistics network and expanding its green shipping fleet.
Samsung Heavy Industries is expanding tanker outsourcing in Vietnam while reducing reliance on Chinese yards and focusing Geoje on high-value vessels.
HD Hyundai is developing an AI-based robotic hull care system with partners to automate hull inspection, cleaning and post-service performance verification using underwater robots.
A dry cargo vessel caught fire while undergoing maintenance at a shipyard in Tuzla, Türkiye. The engine room blaze was extinguished within an hour, with no injuries reported and an investigation now underway.
Hanwha Ocean has signed an MOU with Kanata for a Canada FLNG export project near Prince Rupert as the CPSP submarine bid decision approaches.
