Ocean Yield and NYK have made effective an eight-ship 200,000 cbm LNG carrier programme at HD Hyundai Heavy Industries, valued at about $2.08 billion, with delivery expected by 2029.
Bureau Veritas Marine & Offshore (BV) issued AIPs for five Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. projects spanning LNGCs, an LNG FSRU, a ULEC, OCC-ready design and 3D classification.
Samsung Heavy Industries and QSTS signed an agreement in Doha to start with retrofits and after-market services while reviewing decarbonization, energy-saving systems and onboard carbon-capture options.
GTT signed with HD KSOE to supply liquid cargo tank design for four 200,000 m³ LNG carriers at HD Hyundai Heavy Industries, with deliveries planned from Q3 2028 to Q1 2029.
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.
A Seoul court has ordered KOGAS to pay KRW299.6bn to Samsung Heavy Industries after defective LNG cargo tanks on SK Serenity and SK Spica led to costly repairs and claims by SK Shipping.
Korea’s big three shipbuilders are expected to secure $46.4 billion in 2026 orders and generate combined operating profit of 10.124 trillion won, driven by strong LNG carrier demand and Korea’s dominant market share.
Clarkson data cited by Korean media show South Korea back in the low-20% range (about 22%) of global orders in 2025 despite a 37% market decline, led by the Big Three’s selective intake.
Samsung Heavy Industries signed a 743 billion won contract for two LNG carriers with an Oceania-based owner. Delivery is due by March 2029, lifting annual orders to 41 vessels worth about $7.4 billion.
