COSCO Shipping Heavy Industry is preparing for a China IPO, while South Korea and the US separately implement a $150 billion shipbuilding investment framework.
Unions at HD Hyundai Heavy Industries and Hanwha Ocean continue industrial action as eight South Korean shipbuilder unions consider coordinated action after the Mid-Autumn Festival.
KR, HD Hyundai Heavy Industries, BAR Technologies and LISCR will assess WindWings integration on a 174,000 m³ LNG carrier under a joint development project signed at Gastech 2026.
LR, HD Hyundai Heavy Industries and HD KSOE have secured AiP for a 185,000 cbm LNG carrier design incorporating hybrid-electric propulsion, with work covering safety and battery integration.
HD Hyundai Heavy Industries and its labor union failed to reach a wage agreement, with partial strikes planned through 10 September and another walkout set for 15 September.
China secured 52 of 90 LNG carrier orders in H1 2026, compared with South Korea’s 37, as Chinese yards expanded their share of the high-value shipbuilding segment.
South Korea’s three major shipbuilders recorded about $130 billion in combined order backlog, while HD Hyundai Heavy Industries and Samsung Heavy Industries exceeded merchant vessel targets.
South Korea will begin high-level safety supervision at HD Hyundai Heavy Industries after three shipyard workers died in separate workplace accidents during July.
HD Hyundai Heavy Industries has launched Cimbote, the first of two landing support ships being jointly built with SIMA in Peru for the Peruvian Navy.
