Senator Dave McCormick visited Hanwha Ocean’s Geoje shipyard for Korea-U.S. cooperation talks covering links with Hanwha Philly Shipyard, vessel design, workforce development and shipbuilding supply chains.
A U.S. defense official visited Hanwha Ocean’s Geoje Shipyard, where Chungnam-class frigates are being built, as the U.S. considers options for its frigate fleet.
Unions at HD Hyundai Heavy Industries and Hanwha Ocean continue industrial action as eight South Korean shipbuilder unions consider coordinated action after the Mid-Autumn Festival.
Mitsui O.S.K. Lines will deploy two Wind Challenger sails on a 174,000 m³ LNG carrier, with annual fuel savings of 6-7% and up to 12% on an Atlantic voyage expected.
Hanwha Ocean awaits Thailand’s next-generation frigate decision after entering the Royal Thai Navy tender with its 4,000-tonne OCEAN-40F design.
Samsung Heavy Industries is constructing three large FLNG units at Geoje Shipyard while adding the $2.9 billion Delfin FLNG project to its portfolio, reinforcing its position in floating LNG.
HEA Energy has secured $550 million through its inaugural senior secured bond, the largest Nordic bond issuance by a MENA-headquartered company, to support fleet expansion, newbuild SESVs and OSVs, and refinancing initiatives.
Samsung Heavy Industries is expanding tanker outsourcing in Vietnam while reducing reliance on Chinese yards and focusing Geoje on high-value vessels.
Samsung Heavy Industries has launched Cedar FLNG at its Geoje shipyard, with delivery planned in the first half of 2028 after topside and LNG tank work.
