China is expanding its shipbuilding lead as Korean yards focus on LNG and LPG carriers, while the China-built Glovis Leader highlights pressure on Korea’s standard vessel sectors.
Samsung Heavy Industries has secured a KRW 484.8 billion LNG FSRU order from an Asian shipowner as demand for energy infrastructure rises.
Austal has secured an A$150.3 million contract extension to build two additional Evolved Cape-class patrol boats for the Australian Border Force.
An unfinished ferry moored in Vigo remains unsold three years after arrival, despite multiple inspections and market interest from European operators.
The US Navy is reviewing whether shipyards in South Korea and Japan could help support future warship design and production.
U.S. cargo demand continues to support global shipping capacity, but much of the resulting shipbuilding strength is accumulating overseas.
CSSC Offshore and Marine Engineering (COMEC) reported strong Q1 2026 results, with revenue rising 56.1% and profit more than doubling, supported by improved efficiency and shipbuilding milestone payments.
VARD has launched the first CSOV for Windward Offshore, featuring battery-hybrid propulsion and green methanol readiness for offshore wind operations.
South Korea’s antitrust regulator extended corrective measures on Hanwha’s shipbuilder acquisition until 2029, citing remaining competition risks.
