Korean shipbuilders

Korean shipbuilders face labor, FX and MASGA pressure despite strong profits

7, October 2026

Korean shipbuilders are reporting strong profits and large order backlogs but face labor disputes, currency pressure and limited progress in Korea-U.S. shipbuilding cooperation.

GTT Secures Korean Tank Design Deals for Seven LNG Carriers

30, January 2026

GTT signed tank design contracts with Hanwha Ocean, Samsung Heavy Industries and HD KSOE for seven 174,000 m³ LNG carriers, using Mark III Flex and NO96 Super+ systems with deliveries from 2028 to 2029.

China shipyard surge heightens oversupply risk

20, December 2025

South Korea’s Chosun Ilbo reports China’s rapid shipyard expansion and rising smart-yard investments, widening the gap with Korea and raising concerns about shipbuilding oversupply after 2028.

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Korean shipbuilders