Korean shipbuilders gain fresh momentum at APEC
4, November 2025
HD Hyundai and Siemens signed an MoU at APEC 2025 to digitalize U.S. shipyards, while Hanwha Ocean discussed submarine cooperation with the Philippines.
Hanwha Ocean
Canadian Prime Minister Mark Carney Visits Hanwha Ocean Shipyard to Inspect KSS-III Batch-II Submarine
1, November 2025
Canada’s Prime Minister Mark Carney and Defence Minister toured Hanwha Ocean’s Geoje shipyard to inspect the KSS-III Batch-II submarine, a CPSP candidate.
Korean Shipbuilders Maintain Solid Q3 Earnings Amid Profitability Concerns
31, October 2025
Korea’s major shipbuilders posted strong Q3 2025 earnings, but rising container ship orders and Chinese price competition have raised profitability concerns.
JHI Steamship Nears Contract with K Shipbuilding for Two Aframax Tankers
30, October 2025
Greek shipowner JHI Steamship is finalising a deal with K Shipbuilding for two Aframax tankers, marking what would be its first South Korean newbuilding project.
U.S. Trade Representative Condemns China’s Sanctions on Hanwha Ocean Units
22, October 2025
The U.S. Trade Representative has strongly criticised China’s decision to sanction U.S. subsidiaries of Hanwha Ocean, framing it as economic coercion and a challenge to the global trade order.
HMM Launches $2.5 Billion Green Fleet Order to Accelerate Maritime Decarbonization
20, October 2025
HMM has committed ₩3.45 trillion to order 14 new LNG-powered vessels, marking a strategic leap toward green shipping and fleet modernization.
China’s Shipbuilding Output Falls 73% in a Year as Global Orders Slow; South Korea Expands Market Share
16, October 2025
China’s shipbuilding sector faces a sharp 73% drop in new orders as global demand slows and U.S. restrictions tighten, while South Korea expands its market share in high-value vessels.
South Korea’s Shipyards Unfazed by China’s Sanctions Against Hanwha Ocean
15, October 2025
China has imposed sanctions on Hanwha Ocean’s U.S. subsidiaries, but South Korea’s shipbuilding industry remains largely unaffected, emphasizing its resilience through high-value, technology-driven specialization.
China Targets Hanwha Ocean’s U.S. Subsidiaries in Retaliatory Sanctions
14, October 2025
China’s Ministry of Commerce sanctioned five U.S.-linked subsidiaries of Hanwha Ocean under the Anti-Foreign Sanctions Law, escalating tensions in shipbuilding and logistics.
