Greece strengthens its commitment to shipbuilding and island investment, upgrading ONEX Shipyards Syros under its Strategic Investment Framework.
SBM Offshore has signed a Memorandum of Agreement with COSCO Shipping Heavy Industry for a new Fast4Ward FPSO hull, expanding its Chinese shipyard partnerships and reinforcing its project pipeline.
HMM has committed ₩3.45 trillion to order 14 new LNG-powered vessels, marking a strategic leap toward green shipping and fleet modernization.
HD Hyundai has appointed Chung Ki-sun as its new Chairman, signaling the start of a third-generation leadership era at the global industrial group.
China has imposed sanctions on Hanwha Ocean’s U.S. subsidiaries, but South Korea’s shipbuilding industry remains largely unaffected, emphasizing its resilience through high-value, technology-driven specialization.
China’s Ministry of Commerce sanctioned five U.S.-linked subsidiaries of Hanwha Ocean under the Anti-Foreign Sanctions Law, escalating tensions in shipbuilding and logistics.
The 40,000-ton deck transport vessel “KING ONE,” built by Dajin Heavy Industry, entered service on October 10, 2025.
Maersk Offshore Wind has terminated its $475 million Wind Turbine Installation Vessel (WTIV) construction contract with Singapore’s Seatrium. The move comes as the vessel nears completion, triggering commercial and legal implications for both companies.
China will impose new Special Port Dues on U.S.-linked vessels from October 14, 2025, as part of a reciprocal response to U.S. maritime sanctions.
