Hyundai has secured a contract from Hanwha Ocean to fabricate and install foundations for the 390 MW Shinan Ui offshore wind project in South Korea, marking further progress toward offshore construction.
Korea’s big three shipbuilders are expected to secure $46.4 billion in 2026 orders and generate combined operating profit of 10.124 trillion won, driven by strong LNG carrier demand and Korea’s dominant market share.
Hanwha Group is expanding hiring and upgrading Hanwha Philly Shipyard as “Golden Fleet” shipbuilding plans advance, positioning the yard for potential US naval workshare and future platform cooperation.
South Korea will run a designated KDDX contest between Hanwha Ocean and HD Hyundai Heavy Industries for detailed design, targeting contract award by end-2026 and first delivery by 2030.
Hanwha Ocean and Hyundai E&C signed a KRW 2.64 trillion EPC deal for the 390MW Shinan Ui offshore wind project, with PF work and domestic supply-chain selections under way.
Hanwha Ocean has secured a 2.59 trillion won ($1.75 billion) contract from a European shipowner for seven LNG carriers, lifting its 2025 order tally to 51 ships worth $9.83 billion.
Edison partners with Knutsen OAS Shipping to construct a new LNG vessel, enhancing its LNG supply chain and international presence starting in 2028.
Hanwha Ocean successfully delivers the “Wind Mover” WITIV to Cadeler one month ahead of schedule, reinforcing offshore wind installation capacity and expertise in Europe.
Hanwha Ocean has reported a KRW 353.6 billion ($254 million) contract to build two VLCCs for an unnamed shipowner in Oceania, with the pair of tankers due for delivery by December 2028.
