South Korean and Chinese shipbuilders secured 14 and 26 of 40 VLAC orders announced from January to July 2026 as demand for long-distance ammonia transport vessels increased.
Hanwha Ocean established four overseas subsidiaries in the first half of 2025 as it expanded its offshore wind business into WTIV ownership, operations, power sales and project development.
Hanwha Ocean and Fincantieri shares rose after a Trump directive created a pathway for qualified foreign shipbuilders to construct certain US Navy vessels at overseas yards.
South Korea’s 390MW Sinan-Ui offshore wind project is under scrutiny over a projected 29.6% capacity factor and public support that could reach 7.9 trillion won.
Hanwha Ocean, HD KSOE and Samsung Heavy Industries are expanding U.S. cooperation in naval ship design, digital shipyards, autonomous vessels, workforce training and supply chains.
Hanwha Ocean is extending digital production systems and welding robots from its Geoje smart yard to Hanwha Philly Shipyard alongside a $5 billion infrastructure programme.
Hanwha Ocean has started construction of the 390 MW Shinan Ui Offshore Wind Project in South Korea as developer and lead EPC contractor.
Foreign nationals accounted for 9.3% of HD Hyundai Heavy Industries’ workforce in 2025, led by Vietnamese employees, as the shipbuilder expanded overseas hiring amid labor shortages.
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.
