Samsung Heavy Industries joined Korea’s $150 billion MASGA initiative with a partnership with DSEC, marking the Big Three’s united entry into U.S. shipbuilding cooperation.
HD Hyundai and Siemens signed an MoU at APEC 2025 to digitalize U.S. shipyards, while Hanwha Ocean discussed submarine cooperation with the Philippines.
Korea’s major shipbuilders posted strong Q3 2025 earnings, but rising container ship orders and Chinese price competition have raised profitability concerns.
HD Hyundai has appointed Chung Ki-sun as its new Chairman, signaling the start of a third-generation leadership era at the global industrial group.
HD Hyundai Heavy Industries has launched its first U.S. Navy vessel overhaul project in Ulsan, signaling deeper defense and shipbuilding cooperation between South Korea and the United States.
HD Korea Shipbuilding & Offshore Engineering has secured a US$470 million contract to construct four container carriers, further strengthening its 2025 orderbook.
HD Hyundai will restart shipbuilding at Subic Bay in January 2026, aiming to deliver offshore wind platforms and commercial vessels while creating thousands of jobs.
