Penguin International has secured a turnkey contract to design, engineer and build two RSN landing craft in its first naval shipbuilding programme as prime contractor.
HD Hyundai Heavy Industries has launched Cimbote, the first of two landing support ships being jointly built with SIMA in Peru for the Peruvian Navy.
Hanwha Ocean and Fincantieri shares rose after a Trump directive created a pathway for qualified foreign shipbuilders to construct certain US Navy vessels at overseas yards.
Vietnam has started building its largest domestically constructed warship, an anti-submarine frigate at Sông Thu Corporation in Da Nang, with completion expected within 36 months.
Hanwha Group has offered up to $1.2 billion to acquire Austal USA and its operating assets as it seeks to expand its shipbuilding and defense business in the United States.
HII has signed HYPR production agreements with GrayMatter Robotics and Path Robotics covering up to $900 million in potential shipbuilding work over seven years.
The White House has asked Congress to allow two U.S. Navy warships and two support ships to be built overseas, citing domestic shipbuilding backlogs.
Princess Anne visited HD Hyundai Heavy Industries in Ulsan for UK-Korea shipbuilding talks and reviewed its cooperation with Rolls-Royce and Beaufort.
Iskra Shipyard, 3. Maj Shipyard and Fincantieri have continued talks in Croatia on possible naval shipbuilding and maritime cooperation following their recent Memorandum of Understanding.
