Dalian COSCO Shipping Kawasaki completed methanol tank section installation on its first 24,000-TEU dual-fuel container ship on 30 March, reaching the milestone three days ahead of schedule.
BlackRock has acquired a 5.01% stake in Samsung Heavy Industries as the South Korean shipbuilder builds orders and global yard backlogs remain extended.
ZPMC has completed keel laying for two 38,000 DWT multipurpose heavy lift vessels equipped with three 350-tonne cranes and a combined lifting capacity of 700 tonnes.
ZPMC has started construction of a jackup vessel designed for water depths of up to 90 m, with a 1,600-tonne crane and 142 m legs for offshore wind and marine support work.
The Clarksons Newbuilding Price Index stood at 182.14 at the end of February 2026, only 2.6% above the 2007 level, showing how limited overall new ship price gains have been despite higher yard costs.
South Korea is working to secure alternative naphtha supplies after Middle East export disruptions raised concern over ethylene availability and possible effects on steel plate cutting at shipyards.
South Korea’s Justice Ministry plans visa changes to attract more skilled foreign technicians to shipbuilding as yards face labor shortages and Ulsan’s regional visa pilot remains under review.
Marco Polo Marine raised EUR 14 million through a private placement to support offshore wind expansion, vessel investment and project growth across Asia.
A Cambodian worker died after a 1 t ship block toppled at a Daebul Industrial Complex shipyard in Sourth Korea on 28 February. Police and labor authorities are investigating.
