Korea’s Big Three shipbuilders are forecast to post a combined 14.5% operating margin in Q2 as LNG carriers, FLNG projects and higher-value orders lift profitability.
Hanwha Ocean has signed an MOU with Kanata for a Canada FLNG export project near Prince Rupert as the CPSP submarine bid decision approaches.
Hanwha Ocean will test humanoid robots with AeiROBOT and NdotLight at its Geoje shipyard to assess Physical AI for risky and repetitive shipbuilding tasks.
Project Trident will invest €1.35 billion in Elefsina Shipyards, with ONEX and Hanwha Ocean working to build a major Mediterranean shipbuilding and naval support hub.
Knutsen Group has ordered another 174,000 cu m LNG carrier at Hanwha Ocean, lifting its LNG portfolio to 52 vessels and extending its 2029 newbuilding pipeline.
HD Hyundai Heavy Industries is expanding cooperation with Canadian shipyards as it seeks to win the Canadian Patrol Submarine Project with Hanwha Ocean.
Singapore LNG’s first FSRU has reached the keel-laying stage at Hanwha Ocean, marking a major milestone in the city-state’s LNG import expansion project.
The Hanwha Ocean-built KSS-III submarine Dosan Ahn Changho has arrived in Canada after a 14,000 km voyage, supporting the platform’s role in Canada’s future submarine program.
Hanwha Ocean said it will maintain disciplinary action linked to safety accidents at its Geoje shipyard, despite union rallies demanding withdrawal.
