AD Ports Group, through Noatum Maritime’s Safeen Drydocks, has acquired Spain’s Astilleros Balenciaga for €11.2 million, renaming it Balenciaga Shipyard and positioning it for offshore wind vessel projects.
OMS Group awarded Ulstein two cable-laying newbuilds (130 m × 22 m), each up to 6,500 tonnes of cable, with delivery targeted for 2028 from Ulstein Verft.
A new Gan River shipyard in Nanchang’s Xinjian District is being developed by Nanchang Lianwei Shipbuilding. The CNY1 billion, 172-hectare yard will build up to 50,000 DWT vessels and support low-emission, non-fossil-fuel propulsion.
Maersk’s new WTIV built by Seatrium has completed South China Sea sea trials and is due for delivery by 28 February 2026, following a December settlement.
Kawasaki and JSE signed for a 40,000 m3 LH2 carrier at Sakaide Works, supporting NEDO Green Innovation Fund demonstrations and ocean-going trials targeted for FY2030.
Russia’s Arc7 LNG carrier Alexey Kosygin has sailed north toward the NSR after delivery to Sovcomflot, drawing attention to winter-capable shipping linked to Arctic LNG 2.
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.
