Princess Anne visited HD Hyundai Heavy Industries in Ulsan for UK-Korea shipbuilding talks and reviewed its cooperation with Rolls-Royce and Beaufort.
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.
Union Maritime has been linked to two VLGC/VLAC newbuildings at HD Hyundai Heavy Industries, with delivery expected in 2029 and a reported value of about $234 million.
The U.S. has requested naval shipbuilding capacity information from HD Hyundai Heavy Industries, Hanwha Ocean and Samsung Heavy Industries as Seoul and Washington advance shipbuilding cooperation.
HD Korea Shipbuilding & Offshore Engineering has signed an 885 billion won contract for one FSRU and one LNG carrier, with delivery scheduled by the first half of 2029.
J Ocean Heavy Industries has signed an LOI to build four 114,000-ton tankers for Oceania shipowners while progressing with the acquisition of Gunsan Shipyard.
HD Hyundai Heavy Industries has agreed to sell its Gunsan shipyard to J Ocean Heavy Industries for KRW 780 billion as part of its non-core asset disposal plan.
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.
HD Hyundai Heavy Industries and Malcom have agreed to jointly develop an eco-friendly Korean-type SOV and pursue AiP certification to support the growing offshore wind sector.
