Nam Cheong Agrees Vietnam PSV Sale
29, December 2025
Nam Cheong has entered a deal to sell a 4,000-DWT PSV to a Vietnam offshore group, with December 2025 delivery and proceeds directed toward shipbuilding and fleet plans.
Shipbuilding
India Launches New Shipbuilding Initiatives Worth ₹44,700 Crore
29, December 2025
India issued guidelines for ₹44,700+ crore shipbuilding schemes, combining 15–25% milestone-linked support with yard upgrades, clusters, and a credit note worth 40% of Fair Scrap Value.
Samsung Heavy Industries Halts Geoje Operations After Fatal Yard Accident
28, December 2025
Samsung Heavy Industries has halted operations at its Geoje shipyard after a fatal fall during LPG carrier work, with the company admitting safety management shortcomings and launching yard-wide inspections.
Seatrium-Phoenix II A/S Agreement Ends Arbitration, Targets Feb 2026 Delivery
22, December 2025
Seatrium says its Phoenix II A/S dispute is resolved, with WTIV delivery due 28 February 2026. Buyer pays a $360m balance, including $250m funded via SGS credit.
Hanwha Ocean clinches 2.59 tln-won LNG deal
21, December 2025
Hanwha Ocean has secured a 2.59 trillion won ($1.75 billion) contract from a European shipowner for seven LNG carriers, lifting its 2025 order tally to 51 ships worth $9.83 billion.
ZPMC Starts Building Zhenhua 39
20, December 2025
ZPMC has started building Zhenhua 39, a 50,000-tonne dwt heavy-lift deck carrier. The 217 m x 43 m vessel is designed for worldwide deep-sea service and 50,000 t cargo.
VARD–NORCE MoU Targets Naval Standard Ships and Low-Emission Tech
18, December 2025
VARD and NORCE sign an MoU to deepen maritime and subsea R&D, spanning naval standard vessels, offshore charging analysis, fuel metering upgrades, and the 2026 MARINER 1 MW PEM work.
Fincantieri Targets 2030 Defense and Underwater Growth
18, December 2025
Fincantieri sets a 2030 plan that increases exposure to defense, underwater systems, and specialized vessels while keeping cruise central, targeting 40% revenue growth and €500 million net profit.
China holds lead as November newbuild orders jump
9, December 2025
Excerpt (≈200 characters)
November global new ship orders totalled 5.13 million CGT, up 72% month-on-month but slightly below last year, while China kept a 50% monthly share and 59% of year-to-date contracting.
