Hanwha Group says cooperation with Canadian partners and investment in shipbuilding, steel, AI and aerospace could generate around 200,000 jobs by 2040 as it competes with TKMS for a $12 billion submarine deal.
Hanwha Ocean has signed a 738.3 bn won ($498.8m) contract with an Oceania owner for two LNG carriers and a $388.5m VLCC order from Asyad Shipping, lifting its 2026 newbuilding tally to about $890m.
France’s OCEA plans its first Asian production base in the Philippines to build 35 m aluminium patrol cutters for the Philippine Coast Guard under a France-backed sovereign loan package.
AD Ports Group, through Noatum Maritime’s Safeen Drydocks, has acquired Spain’s Astilleros Balenciaga for €11.2 million, renaming it Balenciaga Shipyard and positioning it for offshore wind vessel projects.
OMS Group awarded Ulstein two cable-laying newbuilds (130 m × 22 m), each up to 6,500 tonnes of cable, with delivery targeted for 2028 from Ulstein Verft.
A new Gan River shipyard in Nanchang’s Xinjian District is being developed by Nanchang Lianwei Shipbuilding. The CNY1 billion, 172-hectare yard will build up to 50,000 DWT vessels and support low-emission, non-fossil-fuel propulsion.
Maersk’s new WTIV built by Seatrium has completed South China Sea sea trials and is due for delivery by 28 February 2026, following a December settlement.
Kawasaki and JSE signed for a 40,000 m3 LH2 carrier at Sakaide Works, supporting NEDO Green Innovation Fund demonstrations and ocean-going trials targeted for FY2030.
Russia’s Arc7 LNG carrier Alexey Kosygin has sailed north toward the NSR after delivery to Sovcomflot, drawing attention to winter-capable shipping linked to Arctic LNG 2.
