India is strengthening shipbuilding and maritime cooperation with South Korea, combining Korean technology and India’s cost-competitive workforce to expand its fleet and support its 2047 shipbuilding goals.
Hanwha Ocean and Fermeuse Energy sign an MOU to advance a Canada LNG development, aligning engineering, financing, shipbuilding, and logistics with CPSP-linked industrial participation.
Hanwha Group says cooperation with Canadian partners and investment in shipbuilding, steel, AI and aerospace could generate around 200,000 jobs by 2040 as it competes with TKMS for a $12 billion submarine deal.
A Seoul court has ordered KOGAS to pay KRW299.6bn to Samsung Heavy Industries after defective LNG cargo tanks on SK Serenity and SK Spica led to costly repairs and claims by SK Shipping.
Hanwha Ocean has signed a 738.3 bn won ($498.8m) contract with an Oceania owner for two LNG carriers and a $388.5m VLCC order from Asyad Shipping, lifting its 2026 newbuilding tally to about $890m.
France’s OCEA plans its first Asian production base in the Philippines to build 35 m aluminium patrol cutters for the Philippine Coast Guard under a France-backed sovereign loan package.
Norway’s K. Sætre Rederi has ordered a 70 m all-electric dry cargo vessel from Royal Bodewes, backed by a long-term cargo contract with 7 Steel Nordic and a 13.3 MWh battery for over 270 nm range.
AD Ports Group, through Noatum Maritime’s Safeen Drydocks, has acquired Spain’s Astilleros Balenciaga for €11.2 million, renaming it Balenciaga Shipyard and positioning it for offshore wind vessel projects.
HD Hyundai is expanding its use of Palantir Technologies’ Foundry and AIP platforms from oil refining into shipbuilding, construction equipment, electric-system units, robotics and marine aftermarket services under a reinforced group-wide partnership.
