Korea Midland Power has closed financing for the 390MW Shinan-Wi offshore wind project, which will install 26 turbines and South Korea’s first commercial offshore substation.
South Korea’s three largest shipbuilders are forecast to post 9.04 trillion won in annual operating profit, with LNG carriers and higher shipyard productivity supporting further gains.
ADNOC Logistics & Services has ordered four 175,000 m³ LNG carriers from Jiangnan Shipyard for $900 million, with all four vessels scheduled for delivery in 2029.
The U.S. has requested naval shipbuilding capacity information from HD Hyundai Heavy Industries, Hanwha Ocean and Samsung Heavy Industries as Seoul and Washington advance shipbuilding cooperation.
CY Shipping and BigLift Shipping have christened CY Frontier, the first of four BC-Class Heavy Transport Vessels designed for offshore, energy and industrial module transport.
The ACCC has moved Saipem and Subsea7’s proposed merger to a Phase 2 review, citing possible competition concerns in subsea infrastructure services for Australian offshore oil and gas projects.
Saipem has secured an EPCI contract worth approximately $2 billion for its share of the Kutei FPSO project in East Kalimantan, Indonesia. The project is expected to be completed over 48 months.
Canada selected ThyssenKrupp Marine Systems and its German-Norwegian partners to build 12 Type 212CD diesel-electric submarines for naval expansion and Arctic patrol missions.
A cargo ship reported an attack southwest of Al Hudaydah, Yemen. UKMTO said authorities are investigating the incident, following separate suspected piracy reports south of Balhaf.
