Maersk Orders Eight 18,600-TEU Ships with Flexible Deployment
9, February 2026
Maersk orders eight 18,600 TEU vessels at New Times Shipbuilding, with delivery in 2029–2030 and dual-fuel engines for flexible deployment.
Shipbuilding
NYK Signs Long-Term LNG Carrier Charters with Cheniere
7, February 2026
NYK Line has signed long-term charter agreements with Cheniere for new LNG carriers to be built in South Korea, with deliveries scheduled to start from 2028.
OceanSTAR Elite Launches LDV FSO, Moves Project into Delivery Phase
7, February 2026
OceanSTAR Elite Group launched the LDV FSO at Nantong Strongwind Shipyard on 6 February 2026, following steel cutting and keel laying milestones, with delivery set for mid-2026.
Hanwha Ocean Wins KRW 768.7bn WTIV Contract
6, February 2026
Hanwha Ocean secured a KRW 768.7 billion WTIV order from Ocean Wind Power II, with delivery set for the first half of 2028 to support Korea’s offshore wind projects.
China’s LNGC Package Deals Accelerate, Pressuring Korea’s Shipbuilders
5, February 2026
China booked 13 LNG carriers in January, driven by an integrated model linking finance, shipping and long-term charter demand, intensifying competitive pressure on Korean LNGC builders.
Jiangnan Shipyard Wins Four LNG Carrier Contract for Shell
2, February 2026
Jiangnan Shipyard secured a contract to build four 175,000 m³ LNG carriers for Shell charter, owned by Minsheng Financial Leasing, with delivery scheduled for 2028–2029.
Korea Shipyards Pressed to Extend Performance Bonuses to Outsourced Workers
2, February 2026
Unions in South Korea are pressing major shipyards to extend proportional performance bonuses to outsourced workers, citing widening pay gaps despite strong yard results.
Samsung Heavy Industries Back Above KRW 10 Trillion in Annual Sales
31, January 2026
Samsung Heavy Industries reported sales of 10.65 trillion won and operating profit of 862.2 billion won, returning above 10 trillion won annual revenue for the first time since 2016.
India and South Korea boost shipbuilding ties
26, January 2026
India is strengthening shipbuilding and maritime cooperation with South Korea, combining Korean technology and India’s cost-competitive workforce to expand its fleet and support its 2047 shipbuilding goals.
