Cochin Shipyard approved a 23% stake plan in Conoship International and a JV with HBL Engineering for maritime electric mobility and energy storage, with agreements expected within six months.
Unions in South Korea are pressing major shipyards to extend proportional performance bonuses to outsourced workers, citing widening pay gaps despite strong yard results.
Samsung Heavy Industries reported sales of 10.65 trillion won and operating profit of 862.2 billion won, returning above 10 trillion won annual revenue for the first time since 2016.
GTT signed tank design contracts with Hanwha Ocean, Samsung Heavy Industries and HD KSOE for seven 174,000 m³ LNG carriers, using Mark III Flex and NO96 Super+ systems with deliveries from 2028 to 2029.
Hanwha Ocean to provide Algoma with up to USD $250 million (approx. CAD $345 million) to support Algoma’s diversification strategy and strengthen domestic supply chains for Canadian defense procurement
HD Hyundai Chairman Chung Kisun met Indian Prime Minister Narendra Modi in New Delhi to discuss expanding cooperation in shipbuilding, naval construction, and port crane projects during IndiaEnergyWeek2026.
A 25 January 2026 fire at PT ASL Shipyard Indonesia in Batam caused no casualties but followed two deadly 2025 incidents involving MT Federal II, keeping the yard’s safety record under close scrutiny.
India’s SDHI has secured a $227 million contract from Norway’s Rederiet Stenersen for six 18,000 dwt product/chemical tankers, marking India’s first chemical tanker newbuild order.
VARD summarises NuProShip II findings on integrating small Gen-4 reactors into offshore vessels, including a helium-cooled reactor concept, DP2 redundancy review, and the SFI SAINT follow-on.
