
Marco Polo Marine Plans Shipyard Spin-Off
Marco Polo Marine plans to separate and list its shipyard business through a proposed reverse takeover transaction valued at up to S$139.0 million.

Marco Polo Marine plans to separate and list its shipyard business through a proposed reverse takeover transaction valued at up to S$139.0 million.

HD Hyundai is expanding its Vietnam shipbuilding base, aiming to lift HVS annual capacity from 15 vessels to 23 by 2030.

COSCO SHIPPING (Qidong) Offshore has completed the main construction phase of its outfitting quay expansion, adding a 220 m berth and 1,420 m total frontage.

HD Hyundai said reports of a KRW 3trn ($4bn) investment in a new shipyard in India’s Tamil Nadu state were not confirmed, according to a Korea Exchange filing.

Seatrium has won a new FSRU conversion contract from Karpowership, with work on LNGT Karadeniz scheduled to begin in the third quarter of 2026.

Mangalia’s shipyard operator will run an international tender to find a strategic investor under CITR’s restructuring plan, aiming to sustain operations, retain staff, and secure required investments.

Authorities raided Hanwha Ocean after a subcontractor died in a platform collapse at the Geoje shipyard. More than 40 officials entered company and subcontractor sites as police and the labor ministry review negligence and serious accident law violations.

PaxOcean Zhoushan has named PAC LIBRA, the first 40,000-DWT multi-purpose vessel jointly developed with PCL, featuring heavy-lift equipment and upgraded cargo-handling systems.
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