J Ocean Heavy Industries has signed an LOI to build four 114,000-ton tankers for Oceania shipowners while progressing with the acquisition of Gunsan Shipyard.
SBM Offshore has awarded SWS and CSTC a contract to construct the seventh Fast4Ward® Multi-Purpose Floater. The FPSO hull will offer storage capacity of up to 2.3 million barrels and accommodation for up to 240 personnel.
HD Hyundai Heavy Industries has agreed to sell its Gunsan shipyard to J Ocean Heavy Industries for KRW 780 billion as part of its non-core asset disposal plan.
Shandong Luhai Equipment Group has secured a 4+2 order for 12,600 DWT multi-purpose vessels from a European buyer, with deliveries planned for 2028 and 2029.
Petrobras has ordered four MR1-class tankers from Estaleiro Rio Grande under a $427 million contract for coastal fuel transport in Brazil.
Global newbuilding orders fell 45% month-on-month in May 2026 to 4.5 million CGT, while China and South Korea together held most of the market, according to Clarksons data.
Hanwha Ocean will test humanoid robots with AeiROBOT and NdotLight at its Geoje shipyard to assess Physical AI for risky and repetitive shipbuilding tasks.
K Line has ordered four LNG dual-fuel car carriers for European short-sea vehicle trades, with each vessel set to carry around 1,380 vehicles.
HD Hyundai Heavy Industries and BAR Technologies have signed a three-year MOU to integrate WindWings wind propulsion systems into newbuild vessel designs.
