HD Hyundai Group has confirmed a new order for one LNG carrier from “Asian shipowners”, with HD KSOE reporting that the deal lifts the group to 91.5% of its $18.05 billion annual order goal.
Japan’s major carriers—NYK, MOL, and “K” Line—are set to invest in MILES to standardize LCO2 carrier and new fuel ship designs. This unprecedented collaboration between shippers and yards aims to boost productivity and global competitiveness.
Korea has secured a Category A seat on the IMO Council for the 13th consecutive term at the organization’s 34th general meeting in London, reaffirming its position in global shipping and shipbuilding governance.
Inchcape opened a Geoje office, expanding its Korean network to three locations and supporting offshore, naval and shipbuilding projects across 23 ports.
Windcat and Damen launched the Innovation Series MP-ASVs, combining large-deck capability, subsea crane operations and low-emission systems, with construction beginning in 2026 and delivery in 2028.
Hanwha Group has raised 1 trillion won to expand its presence in the U.S. maritime and defense industries, with a major focus on shipbuilding and potential acquisitions of local shipyards.
India outlines plans to expand shipbuilding and maritime cooperation with South Korea as part of its strategy to grow its fleet and advance its 2047 development agenda.
High-level delegations from India and Russia met in New Delhi to review ongoing maritime collaboration and outline further work in shipbuilding, port development, logistics, and Arctic-related initiatives.
Over five decades, HD Hyundai expanded from its early Ulsan shipyard to become a globally recognized shipbuilder. The company’s production progress, naval and commercial ship programs, and worldwide customer network culminated in its recent 5,000-ship delivery milestone.
