South Korea Sets Out K-Shipbuilding Vision
14, May 2026
South Korea announced its K-Shipbuilding Future Vision, including public vessel orders, KRW 525 billion in technology investment and KRW 16 trillion in trade finance.
HD Hyundai Heavy Industries
HD Hyundai Heavy Lands Swedish Icebreaker Order
22, April 2026
HD Hyundai Heavy Industries secured a $348.9 million order from the Swedish Maritime Administration to build a Polar Class 4 icebreaker for delivery by 2029.
BGN Orders Four Dual-Fuel VLGCs
20, April 2026
Dubai-based BGN ordered four dual-fuel VLGCs at HD Hyundai Heavy Industries to expand LPG fleet capacity and add ammonia-carrying capability by 2029.
Fatal Fire on Submarine Prompts Apology From HD Hyundai Heavy Industries
13, April 2026
HD Hyundai Heavy Industries issued a formal apology after a fatal fire aboard ROKS Hong Beom-do at its Ulsan shipyard. The case also involved a revised major accident disclosure during rescue operations and is likely to remain under investigation.
Excelerate Acadia Named at HD Hyundai Ulsan Shipyard
2, April 2026
Excelerate Energy named its new FSRU, Excelerate Acadia, at HD Hyundai Heavy Industries in Ulsan. The vessel, built for long-term LNG import and regasification work, is scheduled for deployment at the company’s integrated LNG terminal in Iraq.
HD Hyundai Heavy Industries Showcases Naval Capability to 25-Nation Delegation
1, April 2026
HD Hyundai Heavy Industries welcomed 30 defense attachés from 25 countries to its Ulsan yard, where the delegation reviewed naval construction and support capabilities.
Foreign Worker Share in Korea Shipbuilding Reaches 22.7%
23, March 2026
Foreign workers made up 22.7 percent of South Korea’s shipbuilding workforce in 2024, highlighting labor shortages, policy pressure for domestic hiring, and a growing push toward automation and smart yard investment.
Police Investigate Death at HD Hyundai Shipyard
19, March 2026
A Vietnamese worker was found dead at an HD Hyundai Heavy Industries shipyard on 18 March, and police are investigating the circumstances of the case.
HD Hyundai Heavy Agrees Gunsan Yard Sale
16, March 2026
HD Hyundai Heavy Industries has agreed to sell the Gunsan shipyard, with the final price to be decided after due diligence and further negotiations among the parties.
