Hengli Heavy Industry has accumulated an orderbook of 485 vessels, with 99 ships scheduled for delivery in 2027 and 199 in 2028, according to shipbroker Banchero Costa.
Mitsubishi plans a ¥100 billion expansion in Shimonoseki, with a new hull-block plant targeted for operation in 2030 and government subsidies expected to cover up to ¥40 billion.
Hanwha Philly Shipyard will lease about 47 additional acres at the Philadelphia Navy Yard as it proceeds with its previously announced $5 billion infrastructure program.
Japan has approved up to ¥213.1bn for shipyard projects led by Imabari Shipbuilding, Japan Marine United and Namura Shipbuilding as it moves to expand domestic construction capacity.
Cochin Shipyard and Mazagon Dock Shipbuilders (MDL) will invest US$3.4 billion to build new green-field shipyards in Tamil Nadu, creating an estimated 55,000 jobs and strengthening India’s shipbuilding sector.
