HD Hyundai faces renewed safety scrutiny after a fatal fall at HD Hyundai M&S became the third reported death this year at a shipyard operated by a group company.
HD Korea Shipbuilding & Offshore Engineering secured three VLACs worth 545.6 billion won, raising annual orders to 142 vessels and 70.3% of its target.
Foreign nationals accounted for 9.3% of HD Hyundai Heavy Industries’ workforce in 2025, led by Vietnamese employees, as the shipbuilder expanded overseas hiring amid labor shortages.
South Korea’s three largest shipbuilders are forecast to post 9.04 trillion won in annual operating profit, with LNG carriers and higher shipyard productivity supporting further gains.
Union Maritime has been linked to two VLGC/VLAC newbuildings at HD Hyundai Heavy Industries, with delivery expected in 2029 and a reported value of about $234 million.
The planned sale of K Shipbuilding has failed after Taekwang Industrial could not agree on terms with the yard’s current investors.
South Korea launches a national council to connect shipbuilding and shipping, with LNG cooperation and AI autonomous vessel plans.
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.
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.
