Samsung Heavy Industries and Sargent & Lundy will develop a standardised floating SMR platform covering licensing, construction planning, marine deployment and US market entry.
Foreign nationals accounted for 9.3% of HD Hyundai Heavy Industries’ workforce in 2025, led by Vietnamese employees, as the shipbuilder expanded overseas hiring amid labor shortages.
South Korea’s three largest shipbuilders are forecast to post 9.04 trillion won in annual operating profit, with LNG carriers and higher shipyard productivity supporting further gains.
The U.S. has requested naval shipbuilding capacity information from HD Hyundai Heavy Industries, Hanwha Ocean and Samsung Heavy Industries as Seoul and Washington advance shipbuilding cooperation.
Samsung Heavy Industries is constructing three large FLNG units at Geoje Shipyard while adding the $2.9 billion Delfin FLNG project to its portfolio, reinforcing its position in floating LNG.
Korea’s Big Three shipbuilders are forecast to post a combined 14.5% operating margin in Q2 as LNG carriers, FLNG projects and higher-value orders lift profitability.
HEA Energy has secured $550 million through its inaugural senior secured bond, the largest Nordic bond issuance by a MENA-headquartered company, to support fleet expansion, newbuild SESVs and OSVs, and refinancing initiatives.
Samsung Heavy Industries is expanding tanker outsourcing in Vietnam while reducing reliance on Chinese yards and focusing Geoje on high-value vessels.
Samsung Heavy Industries is expanding partnerships to support commercialization of Floating Data Centers, including its 50MW-class FDC design approved by ABS and Lloyd’s Register.
