SK ecoplant will sell its entire 35.62% stake in SK Oceanplant to a consortium led by The Ocean Asset Management for KRW410bn ($299m), with closing expected before year-end.
Turkish commandos and Somali forces retook the cargo ship Lutuf off Somalia on 29 August after pirates had held the Cameroon-flagged vessel for nearly two weeks.
South Korea offshore wind development is advancing with a 500MW project in Taean and a 384MW project near Yokji as part of a wider renewable energy and digital infrastructure investment plan.
Energean is in exclusive talks over selected BP upstream assets in Egypt, including interests in the offshore West Nile Delta and the Temsah concession.
South Korea plans to support the transition of 889 private and public vessels to eco-friendly models by 2035 under its second basic plan covering the 2026-2035 period.
Ørsted has put its planned 1.4GW Incheon offshore wind project on hold and will not participate in South Korea’s upcoming fixed-price offshore wind bidding round.
Diden Robotics has been named to Forbes Asia’s 100 To Watch 2026 after deploying physical AI robots for welding and inspection work in shipyards.
Solstad Maritime has announced a two-year Petrobras contract for Normand Valiant in Brazil, with a gross value of approximately $62 million and commencement planned for Q4 2026.
Taiwan has started the contract termination process for Shinfox Energy’s 700 MW Youde offshore wind project after the developer failed to complete payment of its outstanding performance bond.
