South Korea Links Shipbuilding and Shipping Strategy
29, April 2026
South Korea launches a national council to connect shipbuilding and shipping, with LNG cooperation and AI autonomous vessel plans.
South Korea shipbuilding
HD Hyundai Heavy Agrees Gunsan Yard Sale
16, March 2026
HD Hyundai Heavy Industries has agreed to sell the Gunsan shipyard, with the final price to be decided after due diligence and further negotiations among the parties.
Ship-Naming Events Hit by War Disruption
12, March 2026
Shipowners are skipping or rescheduling ship-naming ceremonies at South Korean shipyards as the United States-Iran war disrupts vessel operations, flight schedules and event attendance linked to the Middle East.
HJ Shipbuilding’s 2025 Operating Profit Jumps Over 8x YoY
6, February 2026
HJ Shipbuilding and Construction lifted 2025 operating profit to KRW67 billion as shipbuilding recovered and an eco-friendly, high-value order strategy improved profitability alongside higher revenue.
South Korean Mid-Sized Shipyard Daesun Sells Yeongdo Yard to Hanla IMS
2, January 2026
Daesun Shipbuilding completed the sale of its Yeongdo yard in Busan to Hanla IMS on 26 December 2025 for KRW 107.2 billion, consolidating operations at Dadaepo.
Korean shipyards face labour squeeze and local backlash
2, December 2025
South Korea’s major shipyards in Geoje and Ulsan face severe labour shortages amid a surge in new orders, pushing builders to hire more foreign workers and triggering local backlash over visa quotas and jobs.
Global Ship Orders Fall 38% in October; China Leads, Korea at 18%
10, November 2025
Global ship orders dropped 38% year-on-year in October, according to Clarksons Research. China led the market with a 73% share, while Korea accounted for 18% amid a broader industry slowdown.
HD Hyundai Heavy Weighs U.S. Shipyard Acquisition to Expand Warship Production
20, September 2025
South Korea’s HD Hyundai Heavy Industries is negotiating to buy a U.S. shipyard as part of a long-term plan to expand warship production for the U.S. Navy.
HD Korea Shipbuilding Wins $470M Contract for Four Container Carriers
16, September 2025
HD Korea Shipbuilding & Offshore Engineering has secured a US$470 million contract to construct four container carriers, further strengthening its 2025 orderbook.
