KDDX Destroyer Bid Moves Into Competitive Round
23, February 2026
DAPA plans a March 2026 tender for KDDX as HD Hyundai Heavy Industries and Hanwha Ocean prepare detailed design bids.
Hanwha Ocean
Hanwha Ocean Partners to Strengthen Canada’s Shipbuilding Capacity
20, February 2026
Hanwha Ocean and Ontario Shipyards signed an MOU to restore large-scale shipbuilding in Ontario, alongside an LOI with Mohawk College to build an in-yard training hub supporting future naval programmes.
NOV, Hanwha Ocean NG-16000X WTIV Equipment Deal
12, February 2026
NOV signed mid-2025 contracts to supply key equipment for a GustoMSC NG-16000X WTIV to be built by Hanwha Ocean, featuring a 2,600 tonnes crane and delivery planned for Q2 2028.
Hanwha Ocean–Algoma Steel MOU Targets CPSP Steel Supply
29, January 2026
Hanwha Ocean to provide Algoma with up to USD $250 million (approx. CAD $345 million) to support Algoma’s diversification strategy and strengthen domestic supply chains for Canadian defense procurement
India and South Korea boost shipbuilding ties
26, January 2026
India is strengthening shipbuilding and maritime cooperation with South Korea, combining Korean technology and India’s cost-competitive workforce to expand its fleet and support its 2047 shipbuilding goals.
Hanwha Ocean wins Oceania LNG deal worth $498.8m
22, January 2026
Hanwha Ocean has signed a 738.3 bn won ($498.8m) contract with an Oceania owner for two LNG carriers and a $388.5m VLCC order from Asyad Shipping, lifting its 2026 newbuilding tally to about $890m.
Hanwha Ocean worker death at Geoje under investigation
9, January 2026
Hanwha Ocean has confirmed a worker fatality at its Geoje shipyard PAS Plant on 8 January. The employee was found unresponsive in a rest area, and police and other authorities are investigating.
Hyundai Lands Shinan Ui Offshore Wind Foundations
8, January 2026
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.
Korean Shipbuilding Majors Lean on LNG Orders
7, January 2026
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.
