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.
India is strengthening shipbuilding and maritime cooperation with South Korea, combining Korean technology and India’s cost-competitive workforce to expand its fleet and support its 2047 shipbuilding goals.
Korean shipbuilders are expanding AI-driven automation as welding robots and automated production lift productivity and shift workers toward monitoring and process control roles.
Vestas has received a 390 MW order for South Korea’s Shinan-Ui offshore wind development, supplying 26 V236-15.0 MW turbines and a 20-year service agreement, with deliveries from 2027.
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.
South Korea has commissioned the 100 MW Hanlim offshore wind farm off Jeju, now the country’s largest operating project, backed by public utilities and local village investment.
India outlines plans to expand shipbuilding and maritime cooperation with South Korea as part of its strategy to grow its fleet and advance its 2047 development agenda.
FPSO P-79 has departed Geoje-Si for the Búzios field in the Santos Basin. Petrobras plans for the unit to arrive in February 2026 and begin production in August 2026, adding capacity to the field’s ongoing development.
Scorpio Tankers has signed letters of intent for two 320,000 dwt VLCCs at Hanwha Ocean, marking its return to the crude market after a decade. Each vessel is priced at $128 million, with deliveries set for the third and fourth quarters of 2028.
