COSCO Shipping Specialised Carriers has approved four 40,000 DWT multipurpose heavy-lift newbuildings at CSSC Chengxi, targeting 2028–2029 delivery to support wind and project cargo transport.
The U.S. Coast Guard awarded Rauma Marine Constructions and Bollinger Shipyards contracts for up to six Arctic Security Cutters, with first deliveries targeted for 2028 and 2029 under the ICE Pact-linked approach.
Clarkson data cited by Korean media show South Korea back in the low-20% range (about 22%) of global orders in 2025 despite a 37% market decline, led by the Big Three’s selective intake.
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.
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 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 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 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 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.
